Due to unusual circumstances that I won’t even get into, I found myself at a ritzy event, surrounded by wealthy individuals. I happened to be standing near the door, and I saw members of the one percent walk in.
For the most part, they were polite and just like you and me. However, the exceptions were numerous enough to notice.
Depending on whom you ask, the housing crisis is over, still going on, or entering a new and far more sinister phase.
Regardless of what happens to the housing market in the near future, we Latinos are doing our part to bolster this crucial component of the U.S. economy. In fact, Hispanics “are thriving during a record low housing market. In the past decade Latino homeownership has risen 2%.”
“There’s class warfare, alright. But it’s my class, the rich class, that’s making war. And we’re winning.”
—Warren Buffett
Eat the rich!
—Aerosmith
In Manlio’s Argueta’s gripping novel, One Day of Life, soldiers of a repressive Central American government beat and abuse poor villagers. The peasants’ crime, as one militaristic thug puts it, is that “they don’t love the rich.”
It’s a rather harsh reaction to expressing displeasure with the ruling class. We haven’t come to that in the United States, at least not yet.
Still, the concept of class warfare, invoked primarily by right-wing politicians, holds that middle-class and poor people are simply jealous of rich individuals, or that they are being riled up to hate the wealthy.
Well, that was close.
A couple of years ago, it looked like the United States was in real economic trouble. But now everything is great… yeah, just great… yup.
As of right now, America still has a functioning economy. We’re not sure if we can pay all our bills, of course, and maybe China will just take ownership soon and have a fire sale on things we never use, like national parks and the state of North Dakota.
But for now, we’re still standing. That fact means different things to different people, however.
For example, the gap between Hispanics and prosperity has rarely been so vast.
