Wednesday, November 9, 2011

What the 99 Percent Are Fighting For: Three Reasons There Are Two Americas

Nice video posted by an activist group attempting to demonstrate what "the 99%" are fighting for.  Their discussion focuses on the growing inequality - the rich are getting richer, the poor are getting poorer, and the middle class is getting nothing.  Supposedly.  It's a claim presented with little in the way of proof, though they do cite measurements that the median income is falling.

In one scene the people at a rally are chanting "we are the 99%" and it sounds like a great rallying cry. That is, until you think of it as an affirmation.  That statement is one which affirms a given status, and supports the belief in division between 99%/1%.

The 99 Percent Movement is spreading, and their gripes are legitimate. How did we get to a place where the richest 1 percent of Americans control 40 percent of the country's wealth, own 50 percent of U.S.-owned stocks and bonds, and earn 24 percent of total income? Where the middle class is shrinking, to the point that the share of income going to the middle 60 percent of Americans fell five percentage points in the last 30 years. And where many millionaires pay less in taxes than their employees? In this video, the Center for American Progress identifies three factors that contributed to the creation of two Americas, one for the top 1% and one for the rest of us.


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