C-Realm Radio 047
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Keith Preston of Attack The System
KMO welcomes Keith Preston back to the program to discuss the difference between absolute and relative poverty. There are a lot of people who make less than the national average, but most of the so-called poverty in the US is relative poverty. Even so, social stratification and wide disparities between rich and poor, even when the poor are not facing starvation, erodes the sense of shared national identity and makes democratic government difficult to maintain.
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The psychologist Keith refers to is Jonathan Haidt.
http://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp
…”This raises an interesting question: Who exactly are the 1%? The surprising answer: If you’re an American, you don’t have to even be close to being uber-rich to make the list.
Ranking by Income
According to the Global Rich List, a website that brings awareness to worldwide income disparities, an income of $32,400 a year will allow you to make the cut….”