99 to 1. How Wealth Inequality Is Wrecking the World and by Chuck Collins

By Chuck Collins

Over the earlier thirty years, we have seen a thorough redistribution of wealth upward to a tiny fraction of the inhabitants. the following, activist Chuck Collins explains the way it occurred and marshals wide-ranging information to teach precisely what the 99/1 percentage divide ability within the genuine global and the wear it explanations to contributors, companies, and the earth. most crucial, he solutions the burning query, what might be performed approximately it? He bargains a commonsense advisor to bringing a couple of society that works for everybody: the one hundred pc. it is a fight that may be received. in the end, the percentages are ninety nine to at least one in our desire.

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Additional info for 99 to 1. How Wealth Inequality Is Wrecking the World and What We Can Do about It

Example text

In the last year, however, the conversation about economic inequality has dramatically changed. The Occupy Wall Street movement contributed to a huge shift in the conversation with the “We are the 99 percent” movement. But other threads have also emerged from around the planet, such as street protests and rebellions across the Arab world and Europe. S. and global inequality. More important, it offers paths forward in how we will reverse these inequalities. The first part of the book answers two questions: Who are the 1 percent and the 99 percent?

9 Another young woman writes that she is unable to save for her February wedding because she’s working in a restaurant busing tables for $8 an hour to help her father pay off $23,000 in student loans and medical bills. I want to start a family someday, but the future looks dim. I’m not even 20 years old yet and I already feel like debt will consume my whole life. I am the 99%. “We are the 99 percent” has become the rallying cry for a new way of looking at the economy. Through the lens of 99 versus 1, we can ask questions such as: Will this policy help the bottom 99 percent?

Preface Extreme inequalities of wealth are undermining much of what we hold dear. Our society is in the throes of an inequality death spiral as disparities of wealth and power compound and worsen. This polarization is wrenching communities apart, undermining democratic institutions, making us sick and unhappy, and destabilizing our economy. For twenty years, I’ve been part of efforts to educate the wider public about the dangers of these extreme income and wealth inequalities. It has been a discouraging time.

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