Wall Street Protests

[tw]

Originally Posted by piercehawkeye45

While it does slightly invalidate OWS's argument, especially against the argument that the top 1% weren't affected by the recession at all,

A 40% loss among the 1% is only chump change. Virtually no adverse affect. A 10% loss among the lower 50% is a major financial problem.

The American standard of living and resulting economic power comes from the lower 50%. Who are, BTW, the source of most future jobs. When the 99% got richer, American was more powerful. When income disparity increases, recessions are created. Jobs are lost. And the country recedes economically, militarily, and becomes politically less stable.

One reason why American was so desireable to immigrants. The little people are the source of American wealth, innovation, and power. A diminishing reality since America has lately and slowly started to become more like other less desireable countries. Where the rich get wealthy at the expense of all others.