Wednesday, July 20, 2011

Prison Planet.com � Raging Inequality May Cause Unrest and Violence In America and the Rest of Western World

Prison Planet.com � Raging Inequality May Cause Unrest and Violence In America and the Rest of Western World: "Preface: While conservatives are against redistribution of wealth and liberals want to tax the affluent, conservatives and liberals, the affluent and the less well-heeled should all agree that we have to stop the surge in inequality from risingfurther:

* As Robert Shiller said in 2009:

And it’s not like we want to level income. I’m not saying spread the wealth around, which got Obama in trouble. But I think, I would hope that this would be a time for a national consideration about policies that would focus on restraining any possible further increasesin inequality.

* The father of modern economics – Adam Smith - didn’t believe that inequality should be a taboo subject

* Warren Buffet, one of America’s most successful capitalists and defenders of capitalism, points out, “There’s class warfare, all right, but it’s my class, the rich class, that’s making war ….”

* Conservatives – as well as liberals – are against rampant inequality. But all Americans underestimate the amount of inequality in our country"

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