America Keeps People Poor On Purpose: A Timeline of Choices We've Made to Increase Inequality

[applegrove]

Last edited Sun Sep 21, 2014, 02:06 PM - Edit history (1)

America Keeps People Poor On Purpose: A Timeline of Choices We've Made to Increase Inequality

Inequality: The Choices We've Made Yes Magazine



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[NYC_SKP]

1. K/R (nt)

[littlemissmartypants]

2. I love Yes magazine.

Thanks for posting, applegrove.


~ littlemissmartypants 🙆

[IrishAyes]

3. Great post.

I saw that on Bill Moyers' page. Very important.

[freshwest]

6. And check out the Yes! Magazine website. Always good stuff there.

http://www.yesmagazine.org/issues/the-end-of-poverty/inequality-the-choices-we-ve-made

[Thinkingabout]

4. Reaganomics worked in the 80's and still working, never did trickle down, stuck and we need to

Return to union jobs, establish pensions for workers and better pay.

[Man from Pickens]

5. I can immediately spot two huge omissions

1971 - Nixon closes the gold window, untethering the currency from any objective standard, a necessary requirement for the future bubble-blowing that wrecked the middle class;

1999 - Graham-Leach-Bliley Act repeals Glass-Steagall, taking out the last barrier to infinite banking leverage, which put us in a state of constant, massive monetary abuse - from this point forward incomes have steadily dropped in real terms while GDP has allegedly risen.

[NYC_SKP]

7. Adding link to Yes Magazine, full article.

http://www.yesmagazine.org/issues/the-end-of-poverty/inequality-the-choices-we-ve-made

~~

[applegrove]

8. I don't know why the link didn't render for me. Thanks.