(Washington’s Blog) 
Cheat Sheet on Inequality
Talk about inequality has been in the news recently, but the truth is more stunning than you think:
- Americans consistently underestimate the amount of inequality in our country. They would be shocked to learn the truth
- It’s a myth that conservatives accept runaway inequality. Conservatives are as concerned as liberals regarding the stunning collapse of upward mobility
- Inequality in America today is twice as bad as in ancient Rome , worse than it was in in Tsarist Russia, Gilded Age America, modern Egypt, Tunisia or Yemen, many banana republics in Latin America, and worse than experienced by slaves in 1774 colonial America
- Staggering inequality in America has become permanent
- There are 2 economies: one for the rich, and the other for everyone else
- The economy has only recovered for the 1% … the rest of the country is more or less stuck in a depression
- The super-rich are raking in more than ever
- On the other end, more and more people are going sliding into poverty
- 1 out of every 5 households in the United States is on food stamps
- It’s worse in America than in any other developed nation
- The middle class has more or less been destroyed
- Bush was horrible, but income inequality has increased even more under Obama than under Bush
- A who’s who of prominent economists and investors say that inequality causes crashes and hurts the economy
- Extreme inequality helped cause the Great Depression, the current financial crisis … and the fall of the Roman Empire
- Inequality isn’t just happening due to unforeseeable or uncontrollable reasons. Bad government policy is responsible for runaway inequality
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