Worst. King. Ever. “Game of Thrones” Joffrey Baratheon. “You can’t talk to me like that. The king can do as he likes!”
HBO’s “Game of Thrones” is the best show on TV. Unfortunately, powerful people behaving badly isn’t only the stuff of fiction.
Out of 141 countries, the U.S. has the 4th-highest degree of wealth inequality in the world, trailing only Russia, Ukraine, and Lebanon.
In 1983 the poorest 47% of America had $15,000 per family, 2.5 percent of the nation’s wealth.
In 2009 the poorest 47% of America owned ZERO PERCENT of the nation’s wealth (their debt exceeded their assets).
Inequality is stifling our economy, because the customers business depends on are broke. The Consumer Confidence Index dropped 8 points this month, as Washington politicians imposed austerity and higher taxes on what’s left of the middle class. There are still 12 million Americans who need jobs. Most Americans have experienced unemployment at some level in the past five years. Yale Economist Robert Shiller warns that the massive losses suffered in the housing market won’t be made good anytime soon.
We need jobs and a stable economy. All we’re getting from Washington is budget cuts and more talk of dismantling Social Security, Medicare, and Medicaid. The “Affordable Care Act” is going to make health insurance less affordable.