How
And When Will It End?
How
long will it be before the top heavy wealth distribution becomes
untenable? When the majority of lower middle and working class
households in the U.S. become impoverished? We need only look to
history to find examples.
. - See more at: http://alphahistory.com/russianrevolution/russian-society/#sthash.CE6Fe83y.dpuf
Pre-revolution
Russia:
Upper
classes: Royalty, nobility, higher clergy: 12.5 per cent. Middle
classes: Merchants, bureaucrats, professionals: 1.5 per cent. Working
classes: Factory workers, artisans, soldiers, sailors: 4 per cent.
Peasants: Landed and landless farmers: 82 per cent.
Pre-revolution
France:
"The
rent was to high, and the price on bread was above people's economic
ability to pay".
Is
the recent fast food worker strike the baby steps of an impending
social upheaval in this country or will the market system adapt to
save itself? Oligarchs are not known for their ability to
sacrifice short term gain for long term stability.
This
Forbes article is revealing.
“That
leaves the bottom 80 percent with a meager 7 percent of the wealth,
or, to look at it another way, the wealthiest
40 Americans
have the same combined wealth of the nation’s poorest –more
than 150 million people,
which is almost half the population. So, no matter how you slice it,
when it comes to income
and wealth in America,
the rich get most of the pie and the rest get the crumbs.
Posted
by Paul Hunter
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