Welcome

Welcome to the learning community designed and managed by Ms. Rita Callahan, instuctor of economics and mathematics. Most of you are current or former students from my classes. I trust you will enjoy this attempt to connect our studies to the real world. From time to time I will make observations on my experiences and things I read. I hope you will comment and add your observations as well.


There is much to learn form others, especially those whose experiences may differ from our own. As I mention elsewhere in this blog, this is my attempt to incorporate 21st century learning formats into the educational experience of my students. Perhaps this will invite some interesting discussions.





Wednesday, March 28, 2012

Threats from income inequality

Today I read an interesting item from USA Today dealing with the importance of concern over the growing income inequality in the US.

I understand the argument that the American dream requires wealth accumulation appear attainable for everyone, but is that really the case? In my 20s and 30s as we were working digently to accumulate what little wealth we have attained, I was idealistic and believed that the moon and stars were ours to attain with hard work and prudent spending. My husband and I have acutally built a family savings that should make us comfortable, if no major crisis in the markets occurs in the next 30 years. That said, experience and observation also lead me to worry about concentrated power in the political and financial arenas of this great nation.

I am not a history buff, but my general education did include some knowledge of the French and Russian revolutions. When wealth and power are concentrated in the hands of a few who exploit and dismiss the larger portion of the citizens, havoc ensues and "heads roll". Perhaps this is why I am watching and waiting to see where we are headed as a nation. Will the power brokers gain more and more by hoodwinking the majority of the voters? Will those who believe they are part of the elite wake up and see where they actually stand?

I stood on the sidelines of the protests of the 60s, but many of the changes provoked by my peers turned out ot be best for the nation. Today, I know I am not among the 1% and never will be. Do I stand with Occupy Wall Street or the Tea Party? Which message resonates with my experience? I'll take my chances with the young people in the Occupy movement.

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