In two separate reports issued over the past week, a strange thing happened in the fight over America’s economic future: The nation’s big-city mayors and Wall Street got on the same page about the need for broad-based economic fairness.
The division between the 99 percent and the 1 percent extends to the U.S. Olympic team. The United States sent 529 athletes to compete in 25 sports. The gaping income inequality seen in the wider society is stark even amongst this group carrying the nation’s pride in London. Sure, Gabby Douglas just garnered a multi-million dollar endorsement deal from Kellogg’s with her two gold medals. Millionaires populate the US Olympic Basketball Team. The seven-figure Williams sisters dominate Olympic tennis.