Thursday, October 7, 2010

Economic Equality - Why The Hell Didn't We See This Story on Prime Time News?

This was a shock. A Study: Most Americans want wealth distribution similar to Sweden | Raw Story conducted by the Harvard Business School and Duke University says that a whopping 92% of Americans would prefer the Swedish distribution of wealth over our own! This story was carried by National Public Radio (NPR) today, but it is not on any other single major news source. It's not on CNN, Fox, MSNBC, ABC, CBS, U.S.A Today, Wall Street Journal, CNBC, New York Times or Washington Post. You really have to ask, "Why?"

Of course, the story is fresh off the presses; it's a 2005 study! And, the alternate news picked it up just last month! We can't expect the major news sources to be prompt. So, we'll have to wait to see if the major media picks it up. But, isn't it obvious why they, the prime time media, haven't so far? It is because the owners of those news corporations, the haves, want to keep the have-nots ignorant of the true wealth distribution in this country. They are afraid they'll lose what they have. They may have to pay another one-percent in taxes. According to the study, "they," the top 20% of the wealthiest own 84% of the wealth in America. Whew! I feel left out!

Ironically, if given a choice, 92% of Americans, including the wealthy, would choose a more equitable distribution. That is like saying to Sarah Palin and Glenn Beck, and all their friends, including Republicans, "shove it." I wish they would.

Here's the study (PDF):

Sweden, by the way, has a robust capitalistic-style economy, with just as much freedom as we do, so you really don't have to pee in your pants about socialism, although there is a bit of that too, that is if you consider taking care of your citizens socialism. You're more likely to "make it" in Sweden than you are here in America.


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