We are, right now, in the middle of a class war–one that threatens to destroy the social contract that has made this country what it is today. The statistics are grim. Today, American workers’ take-home pay represents a smaller share of the nation’s total income than at any time in the last forty years. At the same time, corporate profits as a share of national income are at an all-time high. In all, the top 1 percent of Americans–those who make on average $1 million a year or more–owns a larger percentage of the nation’s wealth than at any time since the Great Depression.

This entry was posted on Wednesday, May 23rd, 2007 at 6:04 am and is filed under Points to Ponder. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.