Friday, November 17, 2006

Jim Webb, new champion of the middle and lower class? (Sounds good to me).

Senator-elect from VA, Jim Webb, had an amazing op-ed piece in the ... ready? ... Wall Street Journal highlighting the ever-widening income inequality in the USA. An excerpt:

"The most important--and unfortunately the least debated--issue in politics today is our society's steady drift toward a class-based system, the likes of which we have not seen since the 19th century. America's top tier has grown infinitely richer and more removed over the past 25 years. It is not unfair to say that they are literally living in a different country. Few among them send their children to public schools; fewer still send their loved ones to fight our wars. They own most of our stocks, making the stock market an unreliable indicator of the economic health of working people. The top 1% now takes in an astounding 16% of national income, up from 8% in 1980. The tax codes protect them, just as they protect corporate America, through a vast system of loopholes."

This could be the start of something good.

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