Martin Luther King Jr. began a war on poverty and lost his life in the process. However, when King was assassinated in 1968, the 1 percent received about 8 percent of the nation’s total yearly income and owned roughly 8 percent of the nation’s assets. Now those figures for the 1 percent are roughly 32 percent of income, and 42 percent of all wealth. Those figures continue to grow because the 1 percent own the federal government and use it like a customer would a prostitute. For more on King and his war on poverty, check out the links below.
Posts Tagged ‘Martin Luther King’
Posted in Economics, income redistribution, Politics, Uncategorized, wealth redistribution, tagged bill moyers, income distribution, Martin Luther King, war on poverty, wealth distribution on Jam4000000amThu, 11 Apr 2013 09:06:42 +000013 10, 2010 | Leave a Comment »
Posted in corruption, Economics, Economics, recession, income redistribution, Politics, Recessions, Uncategorized, tagged Barack Obama, comparison, Crown Brothers, income redistribution, Jr., Martin Luther King, poor people's campaign, South Korea Free Trade Treaty on Jpm1000000pmMon, 21 Jan 2013 17:29:39 +000013 10, 2010 | Leave a Comment »
“In early 1968, the Rev. Martin Luther King Jr. and other civil rights leaders planned a Poor People’s Campaign in Washington, D.C., for the spring. The group planned to demand that President Lyndon Johnson and Congress help the poor get jobs, health care and decent homes.
Campaign organizers intended the campaign to be a peaceful gathering of poor people from communities across the nation. They would march through the capital and visit various federal agencies in hopes of getting Congress to pass substantial anti-poverty legislation. They planned to stay until some action was taken.”
For some unknown reason, King was diverted to Memphis, Tennessee to help with the strike by sanitation workers. One bullet in Memphis ended his campaign to help create a more just society.
Barack Obama has one thing in common with King: the color of his skin. Obama entered politics under the supervision of the billionaire Crown Brothers, shareholders of General Dynamics, a maker of military drones.
Obama’s economic policies have a gone a long way toward redistributing more income and wealth from the 99 to the 1 percent. King would have been aghast.
In 2010, the 1 percent took home 93 percent of all income growth in the US. Their total share of the national income is over 30 percent, compared to about 8 percent when King became a participant in the Poor People’s Campaign.
Most of Obama’s policies have followed this path. Drop drones on unsuspecting people in Pakistan rewards the makers of those drones, his buddies, the Crown Brothers. The South Korea, Colombia and Panama free trade treaties allow more US corporations to ship jobs overseas (including the Crown Brothers), and redistribute the difference between the old, higher, US wages and the new wages to rich shareholders. Obamacare does much the same thing for the health insurance industry, and the long list goes on and on.
Other than the color of their skins, Obama and King had nothing in common with respect to morals and values. They were men moving in opposite directions on behalf of different sets of people.
Perhaps King said it best, “What are you doing for others?” Obama is using war and legislation to rob from the 99 percent and give to the 1 percent. That says it all.
Related Story below.
http://www.npr.org/templates/story/story.php?storyId=91626373 The Poor People’s Campaign–NPR
Check out the link below for the complete story about Obama and his relationship to the Crown Brothers.
Posted in Uncategorized, tagged Al Sharpton, Chase Bank, Martin Luther King, New York City, Occupy wall street, Thousands march on Jpm10000000pmSat, 15 Oct 2011 14:46:50 +000011 10, 2010 | Leave a Comment »
Thousands of protesters marched in New York and Washington on Saturday as part of a global day of “outrage” against corporate greed that has seen rowdy demonstrations in dozens of countries.
In New York, the protesters headed to Chase Bank in support of around 14,000 workers sacked by the lender in the wake of cutbacks made after a government bailout totaling $94.7 billion.
Students, families with strollers and trade unionists, minded by a large police presence, then walked towards Wall Street carrying placards, stating: “We are the 99 percent,” “We are the people” and “Mr Obama we need you support.”
The Occupy Wall Street movement, buoyed by a decision Friday to halt plans to kick them out of the New York park they have called home for a month, intended to stage two other demonstrations in the Big Apple.
One would mark the 10th anniversary of the US-led invasion of Afghanistan and another gathering was to be held at Times Square at 5:00 pm (1700 GMT).
In the US capital, between 2,000-3,000 protesters assembled at the National Mall on the eve of the inauguration of a memorial to slain Nobel peace laureate Martin Luther King, Jr.
His son, Martin Luther King III, told the crowd: ” We have bailed out the auto industry, and we should have. We bailed out Wall Street. Now it’s time to bail out working Americans. That’s what this is about.
“I believe that if my father was alive, he would be right here with all of us involved in this demonstration today.”
The Reverend Al Sharpton also spoke at the event.
“Occupy Wall Street, occupy Washington, occupy Alabama! We’ve come to take our country back to the people,” he said.
Around 200 demonstrators in Washington had earlier marched to a branch of Bank of America where they had also planned to close accounts. However, they were not allowed inside and the bank was hastily closed.
Hollywood actor Sean Penn became the latest celebrity to offer his backing to Occupy Wall Street, a group of demonstrators who on September 17 took up residence in New York’s Zuccotti Park and began their ongoing campaign that has since seen related protests sweep the globe.
“I applaud the spirit of what is happening now on Wall Street,” Penn told interviewer Piers Morgan on CNN late Friday.
“This generation — and this does begin, I think significantly with the Arab Spring — is starting to tell the world that we cannot be controlled by fear any more and we will not be denied.”