01 Jul '11, 7am

Senator Bernie Sanders Stands Up For the Rest of Us | Care2 Causes

Senator Bernie Sanders Stands Up For the Rest of Us | Care2 Causes

Senator Bernie Sanders (I-VT) has a letter posted to President Obama on his website that proclaims the U.S. “has, by far, the most unequal distribution of wealth and income of any major country on earth.” Nicholas Kristoff stated in a November 2010 New York Times op-ed piece that the wealthiest one percent of Americans earn almost 24 percent of the total income, a nine percent increase from 1976. Kristoff also stated that CEOs of the largest companies in the U.S. earned an average of 531 times more than the average worker in 2001, but in 1980 only earned 42 times more. More than four-fights of the increases in U.S. incomes went to the wealthiest one percent from 1980 to 2005. “It is absolutely imperative, however, that as we go forward with deficit reduction we completely reject the Republican approach that demands savage cuts in desperately-needed programs for working fam...

Full article: http://www.care2.com/causes/senator-bernie-sanders-stands...

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