Inequality is much worse than we're led to believe by a dismissive business media. The numbers are hellish, and they're growing.
Great article, as usual, by Paul Buchheit.
It’s difficult for the US Populace to be aware of these chicaneries when the Media, that many Citizens depend on, is completely owned by the Very People who are doing the “Klepping”.
“Those who cannot remember the past are condemned to repeat it.” --George Santayana
I’m remembering 18th century France, myself. Guillotines, invest now…
Nice job on the data, and while a financial speculation tax may be helpful, it’s kind of like pouring a thimble of water on a burning house and calling it a day. The problems articulated in this article are systemic in nature, and nothing short of systemic change will ultimately resolve them.
Thimble of water on the fire, indeed !
The too big to fail banks that controlled 25% of US bank assets when they crashed the economy in 2008 now control 50% thanks to “their friends in Congress” and the White House who put US taxpayers on the hook for more than $20 trillion in bailout schemes rather than putting them under gubmit control the way POTUS Ford and Congress did to successfully reform railroads in the northeast in 1976…
“You can have concentrated wealth or you can have democracy, but you can’t have both” - SCOTUS Justice Louis Brandeis. His words are more applicable today then they were when he uttered them a century ago.
Paul and all, here’s a plutocrat to know more about:
His record here abandoning party is impressive, worthy of note,
falls short here only on Obama SC nomination.
Another alligator-mouthed justice of the peace,
showing his teeth. Won’t applaud Grassley initiatives.
Pence probably expects Armageddon.
Thus the naval buildup and armament waste.
56 Tomahawks $190million produced little.
It’s only saving grace, lives not lost.
Tomahawks wasted or misused wisely.
I hope you guys appreciate my posts.
I read and appreciate most in a discussion string.
I’d say we’re yet closer to IMPEACHMENT
(say that word LOUDLY)
Let’s argue Scott Walker doesn’t like the (Made in USA) product,
the Amtrak Cascades Talgo trainsets and new class Cab design,
a project Walker cancelled first thing sitting in the Governor chair.
And let’s be clear hear: these problems, being systemic in nature, go way beyond the false dichotomy of blue vs. red politics. Both the republicans and the democrats are neck-deep in this systemic corruption, and therefore simply voting for democrats like Obama and Clinton only postpones the inevitable disasters that loom if we continue down the path of “business as usual” in America.
Duh. Who was elected Prez in 2008 and what party was in control of Congress. Just askin’.
Yes, and I feel another bail out coming very soon. We tax payers are very generous.(just to the wrong people)
Coyote, It is exactly that point you make, which shows those of us who are educated or informed enough to realize the Media’s collusion to subvert the truth that oit has fallen to us to help educate and inform those who are less aware they are being lied to and used.
Did that make any sense?
“The 1%” may not be as big a problem as the .001%. It owns the media and just about everything else. Deathly afraid of democracy, it easily forms the public opinion that “wealth inequality is not a problem”.
They have already taken control of PBS and NPR. We will be lead like lambs to slaughter until we take back control of the public airwaves.
Bernie called out income inequality as though it was a mantra.
He called out both Rs and Ds as enablers of the billionaire class.
Establishment Dems didn’t like him pointing it out amidst the Obama ‘recovery.’
Ds ARE ENABLERS OF THE BILLIONAIRE CLASS.
Ds ONLY PRETEND TO CARE ABOUT THE WORKING CLASS.
Ds WOULD RATHER LOSE RUNNING OSSOFFS THAN WIN RUNNING NINA TURNERS.
Horatio Alger does a headstand
We will see a repetition of France in 1789, or Russia in 1918, or China in 1949. At some point, the oligarchy will be either extirpated or it will have to consent to be taxed back into the middle class. Corporate capitalism has long since outlived its utility–there are fewer than half the companies traded on the exchanges that were there 30 years ago. Corporate capitalism has become a cannibal.
Indeed. And what’s worst, so little is understood about it from the majority of the people. The propaganda and the indoctrination (the system’s best weapon) are working majestically. Not very different from the ones in the Eastern Block’s communist dictatorships.
Corporate, monopoly or crony capitalism is likely to consume itself. But without system change, it will rear its ugly head once again.
… dang, look at the upside down boots with materials made by someone and manufactured by someone else worn by him in a collaborative environment within which he found shelter within which to pull them on. whadda terrific regular joe!
Beyond Civilization: Humanity’s Next Great Adventure
One of our most fundamental cultural beliefs is this, that Civilization must continue at any cost and not be abandoned under any circumstance. This notion seems intrinsic to the human mind --self-evident, like The shortest distance between two points is a straight line. Implicit in this belief about civilization is another: Civilization is humanity’s ULTIMATE invention and can never be surpassed. Both these beliefs exemplify the cultural fallacy, which is the notion that one’s beliefs are not merely expressions of one’s culture but are intrinsic to the human mind itself. The effect of this fallacy is that it’s almost impossible for the people of our culture to entertain the idea that there could be any invention beyond civilization. Civilization is the end, the very last and unsurpassable human social development.
TARP was $770 billion, not $20 trillion. Our federal debt is $20 trrillion. Please get your facts straight.