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Should the 1% head for cover?

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Asking the question "should the 1% head for cover?" The answer may well be that Americans will not stand for the status quo much longer before there is rebellion.

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Most Americans are fed up with the extreme skewing of wealth in America that has forced Middle Class decline and has increased poverty without relief. That news comes from Ezra Klein at The Washington Post, backed by Gallup Poll data.

The situation holds little immediate hope because:

  1. The government remains dysfunctional.
  2. Republicans, backed by powerful lobbyists and wealthy Americans are fighting for the status quo.
  3. There is insufficient work by intellectuals and political parties on sustainable economics that hold the future and solutions.

See the annotated list.

“1. Top story: Is America turning against the 1 percent?

Two thirds of Americans say they are dissatisfied with the distribution of income and wealth.

"This includes three-fourths of Democrats and 54% of Republicans...Republicans, at 45% very or somewhat satisfied, express the highest satisfaction with the current wealth disparity in the U.S. Democrats are much less satisfied, at 24%, with independents closer in satisfaction to Democrats, at 28%.

Furthermore, almost half (43%) of Democrats and independents express strong dissatisfaction with the current state of wealth and income distribution...54% of Americans are satisfied, and 45% dissatisfied, with the opportunity for an American "to get ahead by working hard."

This measure has remained roughly constant over the past three years, but Americans are much less optimistic about economic opportunity now than before the recession and financial crisis of 2008 unfolded. Prior to that, at least two in three Americans were satisfied, including a high of 77% in 2002." Rebecca Riffkin for Gallup.”

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/01/21/wonkbook-how-americans-feel-about-inequality/

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