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Above is Caracas, Venezuela. The shacks on the left are called \u201cranchos\u201d and are home to over 80% of the population of Caracas.<\/span><\/div>\n
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Pretty graphic, eh? Now you might be surprised as I was to learn that the gap between rich and poor is similar in the US, although the poor often live a bit better. For now. Which also means that the super wealthy here are even wealthier.<\/span><\/div>\n
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If you\u2019re interested, check out this article by Nicholas Kristoff, \u201cOur Banana Republic.\u201d<\/a>\u00a0<\/span>\n
\u201cThe richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976.\u201d<\/span><\/p><\/div>\n<\/div>\nAnd with the developments in the dreaded Mid Terms, it\u2019s likely to get worse. <\/span>For example<\/span>, take the upcoming tax cuts (while we have a deficit of $100 gadzillion).\u00a0<\/span><\/div>\n<\/div>\n\u201cThe richest 0.1 percent of taxpayers would get a tax cut of $61,000 from President Obama. They would get <\/span>$370,000 from Republicans,<\/a> according to the nonpartisan Tax Policy Center.\u201d<\/span><\/span><\/div>\n