Friday, November 24, 2006
Wealth gap swallows up American dream
An interesting overview in case you've wondered why the White House keeps bragging about its greatly improved economy. If you are one of the megarich - It's the truth!
"There's the rich, and then there's everything else, in terms of the economy but also in terms of social class," says Edward Wolff, a New York University professor and expert on the wealth gap. He likens it to the social divisions of the 1890s, adding: "If you don't counteract the extreme inequality trends, I see some social upheaval coming. That's my worst fear."Link to source article