I actually know quite a few people who work part time (most of them not by choice). But I don’t know any that even make a decent living wage, let along six figures or more. Of course, this man was already wealthy, living in a gated community on a golf course. So the adage seems true enough. I mean there is always plenty of circumstantial evidence to support this claim that the rich are getting richer. America’s wealth is getting more and more concentrated at the top of the economic food chain. And poverty in our country is expanding like some kind of a mushroom cloud.
To be honest, I haven’t questioned the claims. I just accepted them. My own family is definitely worse off financially. And I can see that my money went into someone else’s pocket. But why? What are the reasons for this? What keeps Americans – who live in the richest country on earth - trapped in poverty? What facilitates the transfers of wealth from the poor and middle class to the rich? For many years now, I’ve observed the world around me and drawn my own conclusions about why this might be.
(Sources: U.S. Immigration Bureau, U.S. Dept. of Education, CNN, Wall Street Journal, Bloomberg)