The CEO of one of the worlds richest banks, Lloyd Blankfein, was recently interviewed by CBS news and had this to say: “...too much of the GDP of the country has gone to too few of the people...If you grow the pie but too few people enjoy the benefits of it, the fruit, then you’ll have an unstable society.”
Read an analysis of the issue and watch a video of the full interview at the link. The income inequality comments are at 4:30 minutes into the interview.
http://thinkprogress.org/economy/2014/06/13/3448679/goldman-sachs-income-inequality/
It's important to vote for candidates who understand why inequality matters and will work to do something about it.
About Me
- Getting Informed and Involved
- I created my first blog Involved Voters in July 2008 while living in SE Michigan to inform local voters and support Democratic candidates. I currently live in New Jersey, having recently moved from 5 years in California. A couple of years ago I shifted the emphasis of the blog to focus on educating Involved Voters about reforming the US financial system and getting big money out of politics. With the election of Donald Trump as POTUS, I decided to create a second blog for the purpose of holding his administration accountable.