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How the Ultra-Rich .01% Have Sucked Up Even More of America's Wealth Than You Think


Business  (tags: society, law, money, law, lies, politics, class warfare, inequality, economy, dishonesty, corporate )

Cal
- 119 days ago - alternet.org
An extensive analysis of economic conditions and government policy reveals that the need for significant systemic change is now a mathematical fact. Corruption, greed and economic inequality have reached a peak tipping point.



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Comments

Gene Jacobson (255)
Saturday August 23, 2014, 10:48 am
" In the present economy, under current government policy, 70% of the population is now sentenced to an impoverished existence."

The article says it all. It is true and though by the end of the day the Koch brothers and their many "outlets" will have attack ads up all over condemning it as class warfare, this exponential slide into a two class society will continue to accelerate. No society with this great a gap between the richest and the poorest has ever survived, neither will ours. They have all collapsed from within - it is not terrorists we need fear, it is, as Pogo said, US. We are the enemy and the 1% are taking us all out. Until the people have had enough and rise up against the chains, symbolic chains? No, they're real, they are just economic. There was a time when our egalitarian goals were close to achievement - a relatively short period historically, perhaps the mid-1800s to 1970 when Ronald Reagan began what we see now in our society. Redistributing the wealth from most of us to 1% of us. That they do NOT see the danger in this is just beyond me. They have far more to lose, or have taken, than any of the rest of us. If we do not fix this disparity, it will eventually mean the end of our way of life, all that we have cherished will fall apart from within - to be replaced by? That is the question isn't it? Anarchy? Theocracy? Sharia? Those and many other "doctrines" will fight here, on our soil, for dominance until one emerges victorious. This the end toward which the republican party and our 1% are driving us. Is it what we want? I don't think so and they're too dumb to see it coming. But this tidal wave will sweep them and their wealth into the dust bin of history if they do not mend their wicked ways. I just don't believe them capable of doing so of their own volition. And for that I am truly sorry, because a peaceful resolution would be my hearts desire, it is just that history teaches us that is not possible, that the wealthy and the privileged never give up a cent freely, economic change must always come through bloodshed as in the blood that was shed as our democracy was born. It needn't be that way but the greed and selfishness of our 1% seemingly has no end but a very bad one they don't see coming. But I do. And so does history. On their heads be it.
 

Birgit W. (152)
Saturday August 23, 2014, 12:46 pm
They own our whole globe, and we are their slaves. But this is going to change soon. Thanks Cal.
 

Freya H. (313)
Saturday August 23, 2014, 10:24 pm
The only thing necessary for Evil to triumph is for the forces of Good to do nothing. Or for Evil to distract Good with half-assed pop culture. I hope that we can still turn things around peacefully--
 

june t. (66)
Saturday August 23, 2014, 11:43 pm
the rich never stop being greedy
 

Roger Garin-michaud (113)
Saturday August 23, 2014, 11:49 pm
noted, thanks
 

Alfred Donovan (46)
Sunday August 24, 2014, 1:36 am
Well said Gene.The never was a truer statement that the rich gets richer and the poor get poorer.
 

Lois Jordan (58)
Sunday August 24, 2014, 3:43 am
Noted. Thanks, Cal. Well, at least I see many more rising up in opposition to the greedy wealthy. People are getting sick and tired of nothing even trickling down anymore.....it's all flowing upward.
 

Maria Teresa Schollhorn (44)
Sunday August 24, 2014, 4:45 am
Noted. Thanks Cal for posting.
 

Thomas M. (7)
Sunday August 24, 2014, 9:05 am
Thanks for your comments, Gene. I was laboring over what to say in response to the article and find you said it best. I have felt for a long time that the American middle class and poor are being intentionally abused financially, socially, and emotionally by the 1% and bribed politicians. Our founding fathers forewarned us by statements and in writing what would happen if the wealthy gained control. The 1% have infiltrated federal and state governments and our key segments of our society to maintain control of their wealth, including bribes to politicians and campaign funding. Reagan's trickle down bullshit was a big lie and most of us peons knew it. The only choice is revolution with the hope of getting rid of the oligarchy and regaining our Republic as it was meant to be. I wish Thomas Jefferson, Teddy Roosevelt and FDR were still around. The most unforgivable aspect of all of this is the outright stupidity and ignorance of many of our so called citizens who don't have the fortitude or time to study the issues and politicians. There are people who would die to cast their votes and those who are to ignorant to care. Then there is the Supreme Court: five of them support corporations over people. Says it all doesn't it. Then you have the militarization of local law enforcement entities. Think about it. Our governments know many of the People are restless. The future of America really rests in the hands of the middle class and poor: the majority of our people. Are we up to it or will we lie down and be totally controlled by wealth of the few?
 

Barry T. (902)
Sunday August 24, 2014, 9:48 am
Noted. Thanks for posting Cal.

The title of the article is appropriate. I live under no illusions (or delusions) in the regard and have been well aware that this process was underway - and has been for decades, thanks to Reagan, Bush Sr, Clinton, Bush Jr and yes, even Obama but ... I did not know that it was quite as bad as it was ... way beyond socially sustainable, this leaves merely socially unsustainable like small dot in the rear view mirror.

William F Buckley, decades ago, defended capitalism by pointing out - at that time - that if you pooled the wealth and divided it evenly out to every household, it was enough to make a difference but not as massive as one might expect ... again, at that time. I think the numbers were something like a couple of years income ... nothing to sneeze at but also nothing like $712k.

Gene Jacobson is absolutely right as is often the case ...

For those who haven't already read these two articles, I highly recommend them. The first is an editorial by Michael Thomas titled "There Will Be Violence, Mark My Words", written in 2011:

The other is an article about Goldman Sachs titled "The Great American Bubble Machine"

"From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again"

"The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates."


http://readersupportednews.org/opinion2/279-82/9142-the-big-lie

http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine


 

Barry T. (902)
Sunday August 24, 2014, 9:52 am
Please note that the Obama administration is heavily loaded with former Goldman Sachs executives ... and Monsanto executives as well.

My opinion: Don't let anybody off the hook, Democrat or Republican, conservative or liberal.
 
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