by Ryan on January 21, 2010
Financially speaking, there is a great inequality in the United States. Over the last 30 years, while the rich have been getting richer, the poor have been getting steadily poorer. One reason for the growing disparity between the rich and the poor is the fact that most new jobs that are created pay low wages and often do not offer retirement plans or health coverage. Here is a graphic look at the widening gap between the nation's rich and poor.
My comment...
I consider the rising inequality in wealth and income to be the greatest threat to the future of the republic. The classic working class uprisings we remember from studying world history - the French Revolution of 1789 and the Russian Revolution of 1918 - were uprisings of the landless class of serfs against the wealthy nobility. President Obama understands this... his warning to the CEOs of the nation's thirteen largest banks assembled at the White House in April, 2009 was put very simply: My administration is the only thing between you and the pitchforks.
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