Income inequality is at record levels in the United States today, levels not seen since 1929 immediately before the Great Depression. If you think this is no problem then consider what happened last time inequality in the Unites States was at these levels and then remember the credit crunch of 2008.
A great inequality in income undermines the stability of a nation. A large and comfortable middle class can provide stability. When the middle class begins to feel the pinch and looks around to see the pain is not shared equally they get angry and they become motivated to change things. Social mood changes from one of comfortable preoccupation with trivial entertainments to angry and violent demonstrations. It was a great disparity in income that led to the French Revolution. We cannot afford to ignore history's lessons.
Between 1920 and 1929 the top 1% of the American population increased their incomes by 75% while the nation as a whole only increased their incomes by 9%. It is widely recognised that the great inequality in income prior to the Great Depression was a major contributing factor to the following decade of economic catastrophe. Since 2000 income inequality has been rising rapidly in the Unites States. It is no coincidence that this comes hand in hand with a faltering economy.
If you believe the hype that we are in the beginning phases of an economic recovery you will be sadly mistaken. What's just around the corner will surprise many people and the best course of action is to be well prepared. Download our How To Survive The Economic Depression today. It's free. It contains invaluable advice that can help your family prepare for the worst.
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