Redistribution started with Reagan, How do you like the economy now?

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    Jun 27, 2012 2:30 PM GMT
    Poverty has a new address: Suburbia

    There are now 2.7 million more poor households in the suburbs than in cities, thanks to long-term trends that have accelerated in the current economic downturn.

    Here's a revealing comment that sums up the story. by 21HillsSt

    Redistribution of wealth. It already happened and the government didn't do it. Unions were given a bad name, eliminated and companies took advantage. Your pension disappeared and you were told to fund your own 401k - that's a pay cut. Companies didn't force health care companies to control cost, they just passed it on to you - that's a pay cut. Workers were laid off and if you were lucky to survive, you worked longer hours without compensation - that's a pay cut. Did your company eliminate any other employee benefits - pay cut. And where did the money go? To that "special talent" that runs the company.

    The recession will end when the Middle Class gets paid what they should. The money is there. The redistribution that has already happened needs to be reversed.

    Here's the article;

    For years, the food pantry in Crystal Lake, Ill., a bedroom community 50 miles west of Chicago, has catered to the suburban area's poor, homeless and unemployed. But Cate Williams, the head of the pantry, said earlier this year that she has noticed a striking change in the makeup of the needy over the past year or two.

    Some families that once pulled down six-figure incomes and drove flashy cars are turning to the pantry for help. A few of them donated food and money to the pantry before their luck soured, according to Williams.

    "People will shyly say to me, 'You know, I used to give money and food to you guys. Now I need your help,'" Williams told The Fiscal Times. "Most of the folks we see now are people who never took a handout before. They were comfortable, able to feed themselves, to keep gas in the car and keep a nice roof over their head."

    Suburbia always had its share of low-income families and the poor, but the sharp surge in suburban poverty is beginning to grab the attention of demographers, government officials and social service advocates.

    The past decade has marked the most significant rise in poverty in modern times. One in six people in the U.S. is poor, according to the latest census data, compared with one in 10 Americans in 2004. This surge in the percentage of the poor is fueling concerns about a growing disparity between the rich and poor -- the 99% versus the 1%, in the parlance of the Occupy Wall Street movement.

    But contrary to stereotypes that the worst of poverty is centered in urban areas or isolated rural areas and Appalachia, the suburbs have been hit hardest in recent years, an analysis of census data reveals. "If you take a drive through the suburbs and look at the strip mall vacancies, the 'For Sale' signs, and the growing lines at unemployment offices and social services providers, you'd have to be blind not to see the economic crisis is hitting home in a way these areas have never experienced," said Donna Cooper, a senior fellow at the Center for American Progress, a progressive think tank.

    In the wake of the Great Recession, poverty rolls are rising at a more rapid pace in the suburbs than in cities or rural communities. From 2000 to 2010, the number of suburban households below the poverty line increased by 53%, compared with a 23% increase in poor households in urban areas, according to a Brookings Institution analysis of census data.
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    In 2010, there were 2.7 million more suburban households than urban households below the federal poverty level, according to the Bureau of Labor Statistics. That was the first time on record that America's cities didn't contain the highest absolute number of households living in poverty. There are many reasons for the dramatic turnabout in the geographic profile of poverty.
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    Jun 27, 2012 2:42 PM GMT
    The rich get richer and poor get poorer. Thats how the fat cats like it!
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    Jun 27, 2012 3:01 PM GMT
    catfish5 saidThe rich get richer and poor get poorer. Thats how the fat cats like it!

    That's why the very rich keep buying legislation for policies that direct the money in their direction and away from the 'underlings' having living wages and safety nets to keep them from falling into surfdom to the very rich.

    The very rich think they need more. What they seem to forget is when the average man has money to spend the rich make money too and the economy is more vibrant and everyone benefits. When the money is only in the hands of a few, the economy stagnates and gets worse.
  • rnch

    Posts: 11507

    Jun 27, 2012 9:19 PM GMT
    how ironic that (at the time) vie-president George H. W. Bush referred to "trickle down economics" as "Voodoo economics" wayyyyy back in the early 1980's..