From AlterNet:
9 Pictures That Expose This Country's Obscene Division of Wealth. Author and blogger Dave Johnson uses imagery and rhetoric to illustrate the terrible inequity of America's New Gilded Age. The examples he gives are of luxury cars, luxury hotels that charge $20-30,000 per
night, yachts, private jets, private islands, and other
luxury items.
Luxury cars?
And doesn't everyone - who
is someone own a yacht? This baby goes for a cool $90 million!
Here's an example of a luxury home:
This modest home(it actually is, for the neighborhood it is in) is offered right now at only about $8 million. I ride my bike past it on my regular exercise route, while I think about how the top tax rate used to be high enough to have good courts, schools & roads and counter the Soviet Union and we didn't even have deficit
Johnson goes on to list the negatives effects of this concentration of wealth, here he quotes Theodore Roosevelt:
Teddy Roosevelt,
speaking to the educators about "False Standards Resulting From Swollen Fortunes," warned that while teachers believe their ideals to be worth sacrifice and so do non-renumerative work for the good of others, seeing great wealth makes people think that obtaining wealth is itself a lofty ideal,
The chief harm done by men of swollen fortune to the community is not the harm that the demagogue is apt to depict as springing from their actions, but the effect that their success sets up a false standard, and serves as a bad example to the rest of us. If we do not ourselves attach an exaggerated importance to the rich man who is distinguished only by his riches, this rich man would have a most insignificant influence over us.
I do suggest reading the
entire article; Johnson's done a very good job of discussing the deleterious effects of extreme inequality on U.S. society. He lists some good resources for studying the issue in more detail:
Dave Johnson's blogs at
Seeing the Forest. He's also a contributor to
The Campaign for America's Future