At first glance there may seem to be no connection. In fact, there is no connection whatsoever. It is the glory of The Journal's "money and investing" section that these two items were placed next to each other on the same page.
One story notes that dollar stores are in heated competition with each other and may be cutting prices below
Is there anything more we need to know about the economy? Doesn't that say it all?
There are so many poor people in need of cheap plastic items that
This column will mention the 1 percent only in passing because they know who they are and we apparently don't. But as we get closer to the crucial, all-important, vital midterm elections in November, income inequality is going to smite us in the face every day. The desperate Democrats, who live in mortal dread of losing control of the
Certainly, we have become aware of the plight of fast-food workers who earn an industry average of
But there are other aspects of the income-inequality debate that haven't gotten as much attention.
It is not true that Americans are as bad off as they were in the 1920s when robber barons controlled most of the wealth. Millions of Americans today have cars, televisions, smartphones and Internet access. The elderly have
But we feel worse off than we used to feel, before we began paying huge cellphone and cable TV bills, before we assumed we would have meat on the table every night, before our cars were air-conditioned, our children needed after-school care and a short stay in the hospital cost thousands of dollars.
Is it right that the top 1 percent have 13 percent of after-tax income? Of course not. Is that something an election can change? Not a chance. Is it realistic to think government will take away the wealth of the rich? Nope.
But here is where we need a serious, legitimate debate. What can and what should government do to create a better climate for jobs? Privatize
Rightly or wrongly, too many people think that this bleak scenario is what Republicans now stand for, when they are not denouncing
Unless they provide new ideas, it may be that we will have another meaningless election that solves nothing and simply reinforces the polarization of our nation.
It may well be that
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