U.S. Income Inequality Has Reached Pre-War Europe Levels

[Crabtownboy]

We are in trouble and headed for more if the GOP gets its way.

If we could attach a scale to inequality -- like Homeland Security's phased-out system of colors and vague words to indicate the potential for terrorism -- America's level of income inequality could be labeled "Pre-War Europe." And that seems a precarious level.

But where does this fall on the total scale? Does this mean we're headed for a 21st-century Archduke Ferdinand powder-keg scenario? Or will inequality eventually level off without dramatic upheaval?

http://www.fool.com/investing/gener...x?source=ihpsitota0000001&lidx=8#.UrODC_RDuSo

 

[Revmitchell]

...The vast majority of the population have suffered a decline in living standards over the past three years. Between 2009 and 2012, the income for the bottom 90 percent of the population fell significantly, by nearly 2 percent. The bottom 99 percent saw a negligible increase (0.4 percent), while the top 1 percent increased 31.43 percent and the top 0.01 percent increased nearly 50 percent (see Figure 2).

http://www.wsws.org/en/articles/2013/09/12/ineq-s12.html


And it happened under Obama's watch.

 

[InTheLight]

Ahem... Please explain why income inequality is dangerous.

 

[Crabtownboy]

Ahem... Please explain why income inequality is dangerous.

Read you history.