http://www.oftwomind...r08/USA-TW.html
Wealth inequality in the United States has a Gini coefficient of .82, which is pretty close to the maximum level of inequality you can have.The richest 10 percent of families own about 85 percent of all outstanding stocks. They own about 85 percent of all financial securities, 90 percent of all business assets.The U.S. is atypical in that inequality has risen so sharply over the last 25 or 30 years. Bottom 50% owns 2.5% of the nation's net worth.
As the economy falters, a vast prison-state/gulag acts to control petty criminals and provide patronage-rich public-worker positions. Sell a gram of cocaine, go to jail for 25 years. The prison guards union is one of the most powerful and feared lobbying organizations in the state of California, surpassing even the mighty Teachers Union and trial lawyers for political power. More prisons? You can bet we need them....
As secure, decent-paying jobs vanish, the working poor turn to the Military for secure jobs with benefits. Over one million Americans have served "in theatre" in Iraq, and despite the grueling war there, the Armed Forces have met their recruitment goals in every category but retention of mid-rank officers-- chief petty officers, lieutenants and captains (Army and Marines). Where else can you nail down $50,000 - $60,000 in benefits and earn cash re-enlistment bonuses? And in 20 years, you'll have earned a bulletproof pension and Veterans Administration benefits--oh, and if you haven't noticed, the VA is now the best-run large-scale medical services organization in the U.S.
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USA a Third World Country ?
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