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We’ve been brainwashed by the rich

"many who value highly government programs like Medicare don't realize that they are in the public sector."

3:25 PM Jun 15 2012

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This part really brings it home for me:

It is clear that many, if not most, Americans possess a limited understanding of the nature of the inequality in our society: They believe that there is less inequality than there is, they underestimate its adverse economic effects, they underestimate the ability of government to do anything about it, and they overestimate the costs of taking action.

This is why rich people aren't really in favor of educating everyone else.

If everyone else is educated, they wise up.

4:31 PM Jun 15 2012

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It's a bummer that this article is in Salon, which is part of the echo chamber. It needs to be an infomercial, in between reruns of Everybody Loves Raymond.

5:32 PM Jun 16 2012

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"Only 42 percent of Americans believe that inequality has increased in the past ten years, when in fact the increase has been tectonic."

BusinessInsider has these fantastic satellite pictures of income inequality.

But the real illustration of the past decade's inequality comes from Business Insider's Dear America, You Should Be Mad As Hell About These Charts:

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[Read more...]

What's wrong with the economy?

9:26 AM Jun 22 2012

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"One suggested explanation is that when inequality is as large as it is in the United States, it becomes less noticeable—perhaps because people with different incomes and wealth don’t even mix."

It's pretty much true. Tagging along when my parents and grandparents cleaned up after billionaires, the idea would have been preposterous for us and them to mingle for any reason. It was evident that we were allowed onto the premises solely to tend to their whims, and if we did they'd be kind enough to provide payment for services rendered. Being a child with a child's penchant for wandering and possessing a basic grasp of English, I overheard ugliness to be ever wary of the wealthy.

4:59 PM Sep 05 2012

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