The severing of our society into a plutocracy and a peasantry is so far along that statistics almost cease to have meaning. But the facts have to be told, to help explain the sickening sense that we’re becoming a nation without a middle class, paralyzed by the inequality deniers and excuse makers who refuse to admit there’s something wrong with their free-market capitalist system. The extremes are becoming almost intolerable.
1. A Broken System of Compensation: The Combined Salaries of 350,000 Pre-School Teachers Is Less Than That of Five Hedge Fund Managers
Pre-school teaching may be our nation’s most important job. Numerous studies show that with pre-school, all children achieve more and earn more through adulthood, with the most disadvantaged benefiting the most.
Hedge fund managers, at the other extreme, are likely to bet on mortgages to fail or on food prices to rise.
It’s a frightening commentary on our value system that the total income of over a third of a million pre-school teachers is less than the combined income of just five big-money speculators.
2. Diminishing Support for Society: The 1% Made More From Their Investments in 2013 Than the Entire Cost of Social Security, Medicare, Medicaid, and the Safety Net
America’s wealth grew […]