Economy poverty map

Published on July 28th, 2012 | by Rhonda Winter

5

United States is Now the Most Unequal of All Industrialized Nations

 

The US poverty rate has increased to 15.7%, the highest that the measure has been in nearly fifty years. The Associated Press reported that this estimate of the growing number of impoverished citizens translates to one in six of us, or 47 million people, who are now living below the poverty line. Many of the newly poor are also living in regions which have little infrastructure to deal with it, particularly in the suburbs.

poverty map

This map from the US Census Bureau three years ago illustrates how badly poverty had spread across our nation. Now the economic situation for many of us is even more dire, as the enormous wealth gap between rich and poor continues to grow even wider.

 

Billionaires Write Our Financial Rules

 

Last week Jon Stewart spoke with Nobel Prize-winning economist Joseph Stiglitz about how the extreme concentration of wealth in the hands of a few plutocrats is destroying the very principles upon which our country was founded. Stewart explains how the mega rich have the resources to hide their wealth in offshore tax shelters, as well as the financial influence to manipulate monetary regulations for their benefit:

 “It seems like people are not angry at wealth or success, they get frustrated by what appears to be an entirely different set of rules put in place by the wealthy, who then say: ‘Hey man, I’m just playing by the rules’, as though those rules were an arbitrary design of the free market.”

In his new book, “The Price of Inequality“, Stiglitz argues that the United States has now become the most severely unequal of all industrialized countries. Watch the entire Daily Show interview here:

www.thedailyshow.com
Exclusive – Joseph Stiglitz Extended Interview Pt. 2
www.thedailyshow.com






MAKE SOLAR WORK FOR YOU!





Next, use your Solar Report to get the best quote!

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,


About the Author

was raised by wolves, and subsequently has difficulty interacting with other humans; she can also be found on and Twitter.



Back to Top ↑
  • Other IM Network Sites

  • Connect w/ EcoLocalizer

  • Featured: City Planning

  • Featured: Urban Renewal

  • Featured: Bike / Walkability

  • Advertisement

  • Search the IM Network

  • The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by, and do not necessarily represent the views of Sustainable Enterprises Media, Inc., its owners, sponsors, affiliates, or subsidiaries.