What’s the deal with all this Occupy Wall Street stuff in the news?
What exactly are people protesting?
Coincidentally, the non-partisan Congressional Budget Office (CBO) just prepared a report that may provide some answers to these questions. The CBO maintains that tax and spending policy enacted over the last 30 years has contributed to much greater gains in income for richer households in the United States. The implication is that people in middle and lower income households actually make less money (adjusted for inflation) comparatively than they did 30 years ago. The complete report is called: “Trends in the Distribution of Household Income Between 1979 and 2007” and can be also be accessed using the Catalog of U.S. Government Publications.
Do you agree with the CBO’s findings?
Is income inequality worth protesting?
What are some of the other issues the Occupy Protests bring up?