Saturday, May 10, 2014

INCOME INEQUALITY ON STEROIDS

I  get this feeling of nausea when people (especially Republicans) talk about income inequality as if it's what makes capitalism so great; being able to go from rags to riches by merely picking yourself up by your bootstraps, thinking to yourself, "yes I can" and shouting "America Strong" a dozen times.


As I look around I wonder how many Americans are still able to live in this fantasy world; at least without drugs.


True. America was once the "dream come true" capital of the world. People flocked here from all 4 corners of the planet intent on making the dream come true; and many did.


But that was then. This is now.



Tell me. How many Americans will be able to go from here;



To here;






Let alone, here;







“The game is rigged,” writes Senator Elizabeth Warren in her new book A Fighting Chance. It’s rigged because the rich and their lobbyists have rigged the rules of the game to their favor. The rules are reflected in a tax code and bankruptcy laws that have seen the greatest transfer of wealth from the middle class to the rich in U.S. history.
America has the most billionaires in the world, but not a single U.S. city ranks among the world’s most livable cities. Not a single U.S. airport is among the top 100 airports in the world. Our bridges, road and rail are falling apart, and our middle class is being guttered out thanks to three decades of stagnant wages, while the top 1 percent enjoys 95 percent of all economic gains.
Who feels it the worst?
  
To determine the 10 states with the most skewed growth in incomes, 24/7 Wall St. reviewed income growth figures from 1979 to 2007 from “The Increasingly Unequal States of America,” a study by Estelle Sommeiller and Mark Price published by the EPI. 

These are the 10 states where income inequality has soared. Read more: Ten States Where Income Inequality Has Soared - 24/7 Wall St. http://247wallst.com/special-report/2014/02/27/ten-states-where-income-inequality-has-soared/#ixzz31LqdTJ2M 
Some Americans; especially those in the top 1%, call this Marxism rather than " worldwide ethical mobilization" a term the Pope coined in a speech to the UN.
Pope Francis called for governments to redistribute wealth to the poor in a new spirit of generosity to help curb the "economy of exclusion" that is taking hold today.

Francis made the appeal during a speech to U.N. Secretary-General Ban Ki-moon and the heads of major U.N. agencies who met in Rome this week. Latin America's first pope has frequently lashed out at the injustices of capitalism and the global economic system that excludes so much of humanity, though his predecessors have voiced similar concerns.



Francis called for the United Nations to promote a "worldwide ethical mobilization" of solidarity with the poor in a new spirit of generosity. He said a more equal form of economic progress can be had through "the legitimate redistribution of economic benefits by the state, as well as indispensable cooperation between the private sector and civil society."


Francis voiced a similar message to the World Economic Forum in January and in his apostolic exhortation "The Joy of the Gospel."


That document, which denounced trickle-down economic theories as unproven and naïve, provoked accusations in the U.S. that he was a Marxist.


Francis urged the U.N. to promote development goals that attack the root causes of poverty and hunger, protect the environment and ensure dignified labor for all.


"Specifically, this involves challenging all forms of injustices and resisting the economy of exclusion, the throwaway culture and the culture of death which nowadays sadly risk becoming passively accepted," he said.


One thing is certain. If Americans continue to elect politicians that pander to the needs of the wealthy (mostly Republicans) nothing will change and/or probably get worse.


Republicans are boldly predicting that they will regain control of the Senate in the coming mid-terms which in essence would seal the fat of the 99% of Americans who have been "excluded' or disenfranchised of the American dream.


The ones to feel the pain the most are the very ones who fail to show up and vote in mid-terms; the younger, working class voters who Republicans count on to be pre-occupied and distracted; no time to vote, too busy chasing the dream.


Time to wake up folks!