Increasing wealth and income inequality in the United States is the great moral and economic issue of our time. It speaks to whether we will be a nation with a vibrant and growing middle class, or an oligarchic form of society in which a handful of incredibly wealthy families control our economic and political life.
In America today, the top 1% owns 38% of our country’s financial wealth. The bottom 60% owns all of 2.3%. In the last several years, 95% of all new income has gone to the top 1%. Sadly, we recently learned that in 2012 the top 40 hedge fund managers in the country earned $16.7 billion dollars, as much as 300,000 public school teachers combined — almost a third of all high school teachers in America. How’s that for national priorities!
In recent months, world leaders from the president to the pope have been speaking out on this long ignored, but critical issue. Several months ago a number of us in the Senate and House urged President Obama to issue an executive order to raise the minimum wage for federal contract workers from $7.25 to $10.10 an hour. Recently, the president did just that. I applaud him for taking this important step forward. But much more needs to be done.
1) Demand the Citizens United be abolished
2)No more spending money to be elected-
3) No more Corporate (“corporations are people”) mentality
4) Restrict elected officials to only two terms -No more free rides $174,000 is too much try a dollar a year (and we’ll pick up your expenses -with a receipt of course)
5)Tell the billionaires that belong to Kappa Beta Phi that the USA is not for sale at any price!