Friday, October 28, 2011

Income inequality

As I talk to people they do not think income inequality is a big deal. We can make it. We can move up. Why is it easier in Brazil to move up to a higher economic class than the US? Most of Europe today is more upward mobile than the US. We have our dream and it is just that. Reality is that we will start life and end life in right about the same income/economic class. Yes our genius, creative people can move up-the Steve Jobs, Mark Zuckerburgs, Larry Paige etc that are exceptional creative people. Our country allows the genius class to move up. What about the middle class? A hard working average intelligence, can that person be a millionaire? Can a poor person, work really hard and be a billionaire that just works hard, but has no special skills. I work 80 hours a week, have a master's degree and think of things to make money and to improve. Where does my hard work get me? One missing paycheck from poverty. When 400 families have more wealth than 155 million people, there is a problem. When the rich are destroying unions, when people have to work off the clock, when people can't get health benefits, this inequality is a problem. We need to bring back the middle class. We need to reduce the gap.

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