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It’s no coincidence that the big banks backed away from new debit card fees.
The Occupy Wall Street protesters are just one manifestation of broad discontent.
The Occupy phenomenon is fascinating on several levels.
Journalists write every day about wrongs and injustice, hoping that somebody will care enough (or be embarrassed enough by the glare of publicity) to do something.
We’ve seen the poor catalogued in increasing numbers, and we know food banks and nonprofits are scrambling to care for them.
We also know – and Warren Buffett confirms – that the wealthy get a pretty good shake, taxwise.
Not that there’s anything wrong with being rich. We still applaud the self-made man or woman. We still celebrate success.
Most of us understand that profitable businesses provide paychecks.
This is about imbalance – too much in the hands of too few. Their slogan, “We are the 99 percent,” says it all.
For the last 20 years, according to polls by the Pew Research Center, a large majority of respondents agree that in the United States, “the rich get richer and the poor get poorer.”
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