Free corporate trade treaties are a massive income redistribution scam, from the 99 to the 1 percent. The difference between the old higher US wages these jobs paid and the new lower overseas wages are redistributed into the pockets of the 1 percent via higher corporate profits, rising share prices and surging dividends.
These treaties also pave the way for US businesses to create jobs overseas, rather than here, which once again, redistributes income form the 99 to the 1 percent. The point is that while over 1.5 million US jobs have been shipped overseas so far this year, when one counts the massive number of jobs that US corporations are able to create overseas rather than here because of these treaties, the number of US jobs pushed off the US shore is far greater than the actual number of jobs exported. The combined total is probably around three million jobs.
This is why the Dow Jones Industrial have surged over 16,000 this year, while the US economy is incredibly weak, with an unemployment rate of over 7 percent. In reality, using the same criteria as was used say, 50 years ago, the US unemployment rate is closer to 15 percent today.
The numbers have been gradually adjusted downward so as to keep the US public unalarmed and uninformed.
President Barack Obama and Wall Street Senators Ron Wyden and Mitch McConnell apparently think their jobs are to enrich the 1 percent, Wall Street, junk food and chemical corporations, and other US corporations by redistributing income from the 99 to the 1 percent by using these income redistribution treaties, which they call free trade treaties. They know what they’re doing.
They support the largest income redistribution treaty in history, which is being negotiated as we speak. It’s called the Trans Pacific Partnership and involves twelve nations.
By the way, when US companies ship jobs overseas, and manufacture stuff over there, they ship that stuff back to the US, which creates the trade deficit the US has. In other words, the US trade deficit has been created by redistributing income from the 99 to the 1 percent. Way to go Wyden!
i’m beginning to believe dooms day preppers isn’t such a bad thing
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[…] manufacturing jobs were sent overseas. Several million more have been offshored since 2009, with 1.5 million in the first nine months of last year. 51,000 plants were closed in the US between 1998 and 2008. Now these are just manufacturing jobs […]
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The thing I find most interesting is a great majority still believes they can win the “capitalism lotto”, when in fact they are just wage slaves. They defend (or are apathetic or scared of) the system that is clearly against them. Their bosses make them smile and compliment their new expensive suit and look in awe at their new Tesla. Their boss’s boss gives the masses the enjoyment and appreciation of art, building a tax haven museum and letting them watch their potential salary be siphoned off into art. Workers are then allowed to “enjoy” the cultural enrichment. They stare at this money/profit that they made, which is now an interpretation hanging on a wall. Are they oblivious to this dark irony?
The worst are those who advocate removing the minimum wage arguing supply and demand will take over. Why are there so many people at the minimum wages already? The wages will drop like a rock leaving people trapped even further in wage slavery.
Don’t think for a second that Americans will not lose the “American Dream.” You CAN be exploited into nothing. The rich will delude themselves into thinking they have your best interests in heart. The rich have no problem keeping you impoverished and reliant on “handouts” or “charity”. The more desperate for work you are, just to live, the more you are willing to give up.You CAN have your standard of living eroded into nothing. America can EASILY (and is) become significantly less than what we have now. Do not be fooled into thinking you are immune from becoming a impoverished nation. Do not think that the robber barons exploited workers are a thing of the past.
There cannot be the rich without the poor being exploited. An easy solution is to make sure that workers are not just compensated for their time, but also given ownership of their work. How do the rich make money ? Ownership. Yes, the owner took the risk, and so they will have a significantly larger portion of the ownership. But, the smallest loyal worker should still be compensated for the giving up their entrepreneurial opportunity-cost, through shares and profit sharing.
****Without the worker, the Entrepreneur would be NOTHING.****
It doesn’t matter if labor is interchangeable, they would still be nothing without their workers.
The workers own fear, lethargy, and greed has blinded them to this fact.
I am not advocating unions, I am advocating ownership.
-Stop the greed.
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I think you are right.
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[…] by a small percentage of Americans) have absolutely no loyalty to America. They have, would and are shipping the well paying jobs out of the US to make more profits. They are also warehousing trillions of dollars overseas to protect those profits. Or finding ways […]
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