Is it really 99% v 1%? It has become the rallying cry of the Occupy Wall Street movement – and the Occupy protests around the world. But is it true?
This is the data behind this animation, produced by Guardian interactive designer Mariana Santos. And that data does show some people have done better out of America’s economic booms of the last 20 years than others – as this report from the Congressional Budget Office shows too.
When Americans are asked how US wealth is distributed, they think the very richest fifth should own up to 40% of the national wealth – and that includes 90% of Republicans surveyed. In fact, that richest group owns 85% of the nation’s wealth. Those surveyed also thought the bottom 120 million people should own around 10% of the national wealth. The reality: 0.3%
Go to the Guardian link for more details, including an interactive map of poverty levels in various states.
A teabagger showed up at an Elizabeth Warren event Wednesday and in the course of yelling at her because he’d been out of work for a year and a half, called her a “socialist whore” for her support of the Occupy Wall Street movement. He also referred to the president as Warren’s “foreign-born” boss.
“I actually felt sorry for the guy. I really genuinely did,” Warren later told the Huffington Post. “He’s been out of work now for a year and a half. And bless his heart, I mean, he thought somehow it would help to come here and yell names.”
She also added: “I’m not angry with him, but he didn’t come up with the idea that his biggest problem was Occupy Wall Street. There’s someone else pre-packaging that poison — and that’s who makes me angry.”
I wonder who’s pre-packaging the poison to an uninformed member of the electorate? Could their initials be G-O-P or F-O-X-N-E-W-S?
They seem to be spreading in various cities. They’ve been in Wall Street for several weeks. Word is, they’ve moved into Washington Square Park in New York.
They’re in Washington as Occupy DC. They were in McPherson Square and Freedom Square, not far from the White House. And they were on the Mall this weekend. Here’s one sign bearer in the middle of the street in front of packed stairs of protesters at the National Air and Space Museum on Saturday:
And they’re occupying a number of other cities across America.
So what’s the story? They’re telling you if you are willing to listen. They aren’t encouraging. In a lot of cases, they’re pretty desperate. And they’ve gotten that way because the economic system has collapsed and the future is looking dark. They blame corporate greed, political indifference and media neglect.