Listen to this man. Seven years of college, you know. Trying to reason with 2020 and, now, 2022.

Wednesday, November 16, 2011

Who Are the One Percent?

These are the folks the Occupy Movement is fighting.

They are considered to be the 1%; the number the 99% are against. Their lair seems to be especially strong in that zone known as Wall Street. The main thing I'm alarmed about is the widening gap between rich and poor.

From the Nov. 2nd Chicago Tribune "Widening U.S. income gap could have far-reaching effect" by David J. Lynch. Bloomberg.

"Since 1980, about 5 percent of annual national income has shifted from the middle class to the nation's richest households. That means that the wealthiest 5,934 households last year enjoyed and additional $650 billion--about $109 million apiece...."

"'We are the 99 percent that will no longer tolerate the greed and corruption of the 1 percent,' says the OccupyWallStreet.org website."

I'm not sure of the 1% number being correct, but I am mad about the rich getting richer, the poor getting poorer and the rapid erosion of our country's middle class. I hold the hedge funds, Wall Street, speculators and investment bankers for bringing on this really bad recession (or is it the Great Recession as I have heard it called).

I don't know what the Occupy Movement will accomplish, but hopefully, at minimum, the GRBs as I call them now know that "we" know what they're all about.

Even better, maybe the government will come to "see" as well and maybe stop their attacks on the Occupiers.

Where Will This Lead? --RoadDog

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