Wednesday, February 2, 2011

Link: "Income Inequality... Worse Than... Egypt"... "Say You, Say Me"... Lionel Richie... More

Photo (by NS) of a Childrens Book Cover:  "Jack and the Beanstalk"

Something I read - that has been bothering me...] a few days ago [For more info click on the link...]:

"Protests in Egypt continued for a seventh day today, and pro-democracy demonstrators are organizing a “march of millions” to take place tomorrow. As financial markets dip across the Middle East, financial prognosticators are trying to divine what continued unrest will mean for the economies of the Middle East and the price of oil.

One of the driving factors behind the protests is the decades-long stagnation of the Egyptian economy and a growing sense of inequality. “They’re all protesting about growing inequalities, they’re all protesting against growing nepotism. The top of the pyramid was getting richer and richer,” said Emile Hokayem of the International Institute for Strategic Studies in the Middle East.

As Yasser El-Shimy, former diplomatic attach√© at the Egyptian Ministry of Foreign Affairs, wrote in Foreign Policy, “income inequality has reached levels not before seen in Egypt’s modern history.” But Egypt still bests quite a few countries when it comes to income inequality, including the United States:

According to the CIA World Fact Book, the U.S. is ranked as the 42nd most unequal country in the world, with a Gini Coefficient of 45.

In contrast:

– Tunisia is ranked the 62nd most unequal country, with a Gini Coefficient of 40.

– Yemen is ranked 76th most unequal, with a Gini Coefficient of 37.7.

-- And Egypt is ranked as the 90th most unequal country, with a Gini Coefficient of around 34.4.

The Gini coefficient is used to measure inequality: the lower a country’s score, the more equal it is. Obviously, there are many things about the U.S. economy that make it far preferable to that in Egypt, including lower poverty rates, higher incomes, significantly better infrastructure, and a much higher standard of living overall. But income inequality in the U.S. is the worst it has been since the 1920′s, which is a real problem.

Currently, the top one percent of households make nearly 25 percent of the total income in the country, after they made less than 10 percent in the 1970′s. Between 1980 and 2005, “more than 80 percent of total increase in Americans’ income went to the top 1 percent.”

According to the latest data, “the gaps in after-tax income between the richest 1 percent of Americans and the middle and poorest fifths of the country more than tripled between 1979 and 2007.” And there’s even a stark divide within that one percent. “The share of the nation’s income flowing to the top one-tenth of 1 percent of households increased from 7.3 percent of the total income in the nation in 2002 to 12.3 percent in 2007,” the Center on Budget and Policy Priorities noted...."

Part of an article by Pat Garofalo; "Sourced from "ThinkProgress"; Copied and Pasted (with minor editing for placement here) from "AlterNet" [1/31/2011 Posting]:;


I'm pretty burnt out today...

But what - "Say You..."

["Lionel Richie - Say You Say Me [ High Definition ]"; as submitted to You Tube by XVirusHD; ]

About "These Dreams" [?????]

Economic Equality?
Fairness and Ethical Behavior in regard to Information Gathering and Distribution?
Child Safety in the US of A?
Women's Rights in the US of A?
True access - for all - to the "American Dream"?
Caste (be they overt or covert...) systems.................................................. ?
The chance that there will ever be "peace on Earth"?

What do you think about the face in the mirror?

What do you think about the child [ren] left behind?

What do you see............................. as solutions ?????

No comments: