Intelliigence Shop - Data research rankings
Top 100 Officials: Mayors

On-Demand Webinars

From Operations to Politics: A Township, a City and a County, all use Private Cloud
Learn from three local government officials discussing real world considerations to make the Cloud a reality.

Your Path to the Cloud: A Virtual Conference
Steps to help your government organization become cloud-ready.

More Webinars

Featured White Papers

Reality Check: Three Local Governments Who Moved to the Cloud
Learn from the experiences of governments who have moved some or all of their operations to the Cloud.

Tips and Best Practices for Grant Applicants
Applying for grants can be a daunting task. This white paper contains some of the top tips you should utilize during your search for funding.

More White Papers

American City & County analyzes and concisely explains important issues facing cities, counties and states.

Get the latest information on government trends, policies, best practices and case studies.

Subscribe Now

Municipal Cost Index

Municipal Cost Index graph

The Municipal Cost Index, developed exclusively by American City & County, is designed to show the effects of inflation on the cost of providing Municipal services.

View the Municipal Cost Index and other indexes

Used Equipment - Buy, Sell, Save!

Current Bids & More Lots

Editor’s Viewpoint: The ‘hang in there, baby’ economy

Today’s disenfranchised now include Tea Partiers and Occupiers


       
Editorial Director Bill Wolpin

America works just fine until it stops working for you. We wouldn’t be having tea parties, pitching tents in the streets and blaming rich people if tens of millions of us weren’t concerned about our futures. By the way, I’m convinced there’s no future in blaming people who make more money than me. I don’t resent them or even envy what they have (OK, maybe their cars and beach homes), but I understand why so many people do.

While most Americans in the past 40 years viewed education and hard work as their road to secure the middle class package plan (home ownership, retirement funds), they discovered their investment didn’t yield the expected return. Meanwhile, the super rich — who have political, social and economic power — have become large and convenient targets. Consider the stunning increase of their income reported by the Congressional Budget Office in late August: “For the 1 percent of the population with the highest income, average real after-tax household income grew by 275 percent between 1979 and 2007.” That compares to roughly a 40 percent growth rate during the same time for a majority of Americans (60 percent). Living at the summit of that 1 percent are the 400 wealthiest Americans who now possess more net worth than the bottom 150 million citizens combined.

The concentration of wealth at the top of the Israeli food chain resulted in an Occupy Wall Street-type outbreak in August, when reportedly 300,000 people marched to protest the economic inequality that has developed in that country. According to a Bank of Israel report, 10 businesses account for 30 percent of the economy and use that clout to borrow money to create an intricate web of other businesses designed to keep competition at bay. The prime minister quickly created several committees to recommend policies to offer average families some economic relief as well as regulate those companies from becoming monopolies in their industries.

If you ask Boomers or their highly educated, under-employed children why they are members of the Tea Party or marching in the streets, you would get dozens of answers.  However, the sentiment boils down to this: Their lack of jobs and retirement security tells them that the system isn’t working for them the way it does for those wealthy or powerful enough to have some control of it. And, feeling like they are just hanging on, they want to see changes to the economic game’s ground rules — because at the very least, they suspect those rules are rigged against them.

What do you think? Tell us in the comment box below.

Related Stories


Acceptable Use Policy
blog comments powered by Disqus

Want to use this article? Click here for options!
© 2012 Penton Media Inc.

Register now for "Delivering Coordinated Emergency and Incident Response to Achieve Smarter City Operations"
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Browse Back Issues