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democracy


No party has a monopoly on wisdom

No party has a monopoly on wisdom. No democracy works without compromise. I want to get this done and we can get it done. But when Governor Romney and his friends in Congress tell us we can somehow lower our deficit by spending trillions more on new tax breaks for the wealthy — well, what did Bill Clinton call it? You do the arithmetic. You do the math. I refuse to go along with that.

Democratic National Convention - September 6, 2012

92% Of Americans Are Socialists They Just Don’t Know It

Bottom 40% of Americans own 0.2% of the wealthWealth inequality is as extreme today as it was during the Great Depression years. In real terms, the wealthy hold the majority of this nation’s wealth and income. The problem in this country is mass disillusionment. In a recent study by Duke and Harvard University they found many Americans believe that the top 20% of our nation’s wealthiest own 60% of the wealth. The real figure is the top 20% own 84% of our nation’s wealth and it is increasing every year.

When the respondents were asked to pick an unlabeled pie chart “How much should the top 20% own?” 92% of them preferred the Swedish model of income distribution over the current American economic model. The Swedish economic model, which is the top 20% own 36% of the nation’s wealth.

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