"Economic inequality has yawned ever wider in recent times, especially in the United States, source of the current crisis. Since 1968, when U.S. society was at its relatively most equal, the gaps have increased sharply, at the expense of the middle groupings. Average worker earnings there are now worth less than in 1973, while CEOs, who made 45 times as much as workers then, now get 300 times as much. This has long been a blatant sign of moral rot. It is now at a point where the economic implications are severe, too. How so?
Some of it is the amounts involved. Citizens for Tax Justice says 'the Bush tax cuts saved the top 1 per cent nearly half a trillion dollars' from 2001 to 2008. Their 2008 tax cuts were larger than the combined U.S. federal budgets for education and environmental protection. The relatively few, really, really rich are now a serious source of diverted public spending.
Comparable places, including Canada, have so far avoided this extreme polarization through progressive taxation and mild redistribution via social programs. The U.S. now profiles more like an underdeveloped country where the gap feeds on itself. The absurdly rich use their wealth to buy politicians who will further cut taxes on them, and cut social programs, too, since they can afford their own health care, education etc. The poor at the far other end lack resources to fight back. What's the alternative? Narrowing that gap, by rebuilding a healthy middle or working class that can't afford its own health care or education and sees the benefits of taxes, well spent. But how?"
and (the unionization thing is big, since a lot of the problems faced by the United States derive from its anti-union politics, starting with Reagan's 'breaking' of the air traffic controllers union):
"There is an easy, non-violent solution: Move some of their excess wealth to the people in the middle, since it all, according to the stats, came from there anyway. It can be done democratically - via taxation and redistribution through social programs. And otherwise, like making unionization easier, since unionized workers tend to earn 30 per cent more than non-union ones. That means they wouldn't need to plunge into heavy debt to fulfill their duty to consume, which would, in turn, undercut the 'financialization' of the economy that led to the banking-credit fiasco. And, of course, the maximum wage."
The current American financial problem is income distribution (along with the costs of fighting Wars For The Jews, a problem that can be easily fixed by stopping fighting Wars For The Jews!). The current American solutions seem to consist in giving incomprehensibly vast sums of money to the same people who caused the problem, with much of that money being immediately siphoned off to off-shore bank accounts. The United States won't be righted until the very rich are hung by their ankles and shaken until all that stolen money comes loose.