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To: Jim McMannis who wrote (274339)9/9/2010 12:40:38 AM
From: Broken_ClockRespond to of 306849
 
Truly, Mission Accomplished....

[edit. What will jo-puppy say when he reads that Chavez is running his country better than Bush II and Bush III ? lol! ]

Income More Unequal In U.S. Than In Parts Of Latin America
Categories: National News, Economy
02:14 pm

September 8, 2010


by JJ SUTHERLAND

There's a fascinating series being published over on Slate by Timothy Noah. It explores the growing income inequality in the United States. Really interesting stuff worth a read. One paragraph really popped out at me.

All my life I've heard Latin America described as a failed society (or collection of failed societies) because of its grotesque maldistribution of wealth. Peasants in rags beg for food outside the high walls of opulent villas, and so on. But according to the Central Intelligence Agency (whose patriotism I hesitate to question), income distribution in the United States is more unequal than in Guyana, Nicaragua, and Venezuela, and roughly on par with Uruguay, Argentina, and Ecuador. Income inequality is actually declining in Latin America even as it continues to increase in the United States. Economically speaking, the richest nation on earth is starting to resemble a banana republic. The main difference is that the United States is big enough to maintain geographic distance between the villa-dweller and the beggar. As Ralston Thorpe tells his St. Paul's classmate, the investment banker Sherman McCoy, in Tom Wolfe's 1987 novel The Bonfire of the Vanities: "You've got to insulate, insulate, insulate."

npr.org