In another piece of good news for the working men and women of American, CEOs now make 380 times the wages of their employees. Waiting, waiting, waiting...that trickle down and jobs they're going to create any minute now...not just yet....
Yeah, right.
David Atkins had a nice piece in Hullabaloo outlining the lies being told American workers concerning their wages being competitive with those overseas, and how apparently that only applies to the little people. He also talks about how progressive taxation is an important tactic to combat the every widening income inequality in America.
The AFL-CIO--for my money the most progressive major union in America--has started a nice website to bring this to people's attention....
Education and taxation are all well and good, but they won't put food on the table. Fully one-sixth of Americans now live in poverty. I see no reason to believe that number will get any lower--it's only going to grow. What is the level of Americans in poverty at which American take up arms to feed their families? Is is a quarter? A third? One-half?
Time will tell--meanwhile, those CEOs might want to start investing in well stocked underground safe havens. My guess is people will have even less empathy than these CEOs when they're starving....
Peace,
emaycee
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