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Monday, November 8, 2010

Quote of the day--on our banana republic

"You no longer need to travel to distant and dangerous countries to observe such rapacious inequality. We now have it right here at home — and in the aftermath of Tuesday’s election, it may get worse.
The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an excellent series on inequality, the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana."  --Nicholas Kristof, Columnist, The New York Times




Link to original post:  http://www.nytimes.com/2010/11/07/opinion/07kristof.html?_r=1&WT.mc_id=OP-SM-E-FB-SM-LIN-OBR-110810-NYT-NA&WT.mc_ev=click

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