Saturday, January 28, 2012

Why We Occupy

You may have heard, in the past 30 years the top 1%’s income has doubled along with the economy itself. Middle class income during that same time has barely increased due to inflation. That increase in income has given the top 1% – 40% of the nations wealth and that has given them a wealth of political power. Power for which they have used to get the amount of taxes that they pay, lowered. Because of this, tax revenues for the federal government is down to less that 15%, the lowest it has been in the last 50 years. These lower tax revenues results in huge government deficits and because of these deficits we have over crowded schools, hospitals, unemployment lines. All of this leads to an increasingly fearful and depleting middle class. People are down right scared. We all feel as we are competing for the very few jobs/$’s. All of this fear leads to unions fighting with the non-union, public employee vs. non-public. We become fearful and close our borders and judge all by difference.
Fewer middle class jobs not only depletes tax revenues further but having few and few jobs also limits the ability for the middle class to borrow. It has been the ability of the middle class to borrow that has always lifted us out of economic crisis. The loss of middle class will essentially rob us all of a healthy and prosperous economy.

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