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Saturday, January 08, 2011

POVERTY AND WEALTH

American patriots like misguided patriots elsewhere in the world are fond of holding up "their" country as a paragon of fairness and equality, but where is the equality in the following figures quoted by the ultra patriotic CNN? "The richest 1% of U.S. households had a net worth 225 times greater than that of the average American household in 2009, according to analysis conducted by the Economic Policy Institute, a liberal think tank. That's up from the previous record of 190 times greater, which was set in 2004." (CNN Money.com, 23 December) The truth is that the USA like every other country in capitalism has a wide gap between the haves and the havenots. RD

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