Kudos to Congresswoman Kaptur (D-Ohio)!!! This is the first time I have seen someone hold this man's feet to the fire. Too bad it's so late in the game. I hope this administration and Congress plan some drastic corrections.
Is it any wonder that, according to Sam Pizzigati, associate fellow at the Institute for Policy Studies in Washington D.C., income inequality has grown to an absurd level.
"Over the past 30 years, the income of the top 1 percent, adjusted for inflation, doubled: the top one-tenth of 1 percent tripled, and the top one-one-hundredth quadrupled," says Pizzigati. "Meanwhile, the average income of the bottom 90 percent has gone down slightly. This is a stunning transformation."
. . .
"There won't be a restructuring of the economy unless we take on executive compensation," concludes Pizzigati. "Outrageously large rewards give executives an incentive to behave outrageously. If we allow these incentives to continue, we will just see more of the reckless behavior that has driven the global economy into the ditch."
