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OWS has the facts on its side

December 20, 2011
The Daily Freeman Journal

To the Editor:

The Wall Street Occupiers are trying to draw attention to the class warfare that is happening in the United States. Ronald Reagan's trickle down economics have finally trickled down alright - to a lot of poverty in the U.S. One of every two American's is now poor or has low income. One million children are homeless and/or have no health insurance.

The Wall Street Occupiers have the facts on their side and need to be heard not peppered sprayed and thrown in jail.

The Congressional Budget Office recently released information about the state of our economy. Between the Reagan era in 1979 and 2007, the richest Americans saw their wealth increase. The poor and middle class saw their wealth decrease. The Economic Policy Institute director stated recently "that the richer one is, the richer one gets." If you were in the top 0.1 percent, your income grew by 390 percent in the last 30 years. Middle and low income Americans saw their incomes decline in that same period.

The Republicans are correct when they say that the wealth in the U.S. has been redistributed but it has been from the poor and middle class to the rich. The U.S. now compares to Russia and Iran in income inequality.

The Banksters on Wall Street remain unaccountable. Our politicians have been bought and paid for and the wealth gap continues to grow every year.

The Occupiers need our help not our disdain. The U.S. belongs to the 99 percent.

Joanne Pohlman

Webster City

 
 

 

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