The bitter truth is that poverty and income inequality have always been a political football. The reason for that is simple. The poor don't have an active and viable political lobby to fight for their interests.
Europe is the land of generous social programs with not as much inequality as in the U.S., right?
If the European Union (EU) is taken as a single country, economic data show that the EU and the U.S. have similar levels of inequality.
To develop a strong economic recovery and avoid another decade of stagnant income, we need a more equal distribution of income that would promote the strong consumption spending required for full employment.
What I hear Occupy Wall Street saying is "We will follow the rules. But let's make the rules fair." The system is rigged. It wasn't designed to be rigged but has bit-by-bit, step-by-step, become rigged.