Wednesday, March 28, 2012

Mommy, What's a Gated Community?

Yessiree boys and girls, it's the land of opportunity. America is the place to be if you want to have a chance to 'get ahead'. And if you don't believe me, just ask any branch of Occupy Wall Street. Here in America, if you work hard, get good grades and get hired by a Wall Street hedgefund, you can become wealthier then you could have imagined in your wildest dreams. Otherwise, not so much. Yep, if you don't make the Wall Street grade, or don't come up with the formula for the next great electronic gizmo, you get to share in an annual increase in wealth of around seven percent of the total of income growth. Sounds great doesn't it. 7% of the total growth of wealth and you get to share in it, along with 99% of the total population. Remember that guy that sat next to you in school? The one who went to work for a Wall Street firm? Well he's now part of the one percent that gets to share 93% of the income growth in the country. He's become a one percenter. Way back in prehistory, the early 1990s, that same 1% was able to share only 45% or the growth of wealth, but now they've managed to eek out an additional 48%. Not a bad days work, wouldn't you say? But heck, back in 1970, the top 1% garnered only about 5% of the total wealth increase. And look at the important work these hedgefund managers do. Why they're arguably the lifesavers of our country. Yep, these poor hardworking folks who only earn a measly million plus per year. How can the subsist? So they deserve to get the lion's share of increase in wealth. And on average they got an increase of $118,000 per year while you and I, we shirkers, got an astounding $80 per year increase. We should be ashamed of ourselves. Think what that $80 could have bought  a rich man? A new pair of socks or a couple of hankies. But no, because or our greed we took that $80 and squandered it on bread and milk and other such luxuries. Will injustice never end? The only hope left is Congress. Can they enact further tax cuts for the wealthy? Can Congress save the day for these downtrodden few souls so mistreated and misunderstood in our midst? Well fortunately they don't have to remain in our midst. There are places for them now-a-days. These places are known as gated communities. And remember, all gated communities are not alike.

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