by John Hively
The United States rates 75th in the world in terms of income inequality. That means a tiny minority receive a huge portion of all the income earned in the United States.
Back in 1979, the top one percent received about 7% of the total income generated in the USA. Nowadays, that slice of the income pie has grown to around 24 percent. And it’s getting bigger. There is only one reason for this increase.
To a big degree, government determines income distribution. It’s the golden rule in action. He who has the gold makes the rules. That’s why the rich have gotten more affluent as their political power has expanded, not only into government at all levels, but into the court system. In fact, the rich have created the corporate wing of the supreme court. It’s the best court that money can buy.
So I’m going to publish a series about income distribution and how government and the courts use their powers to redistribute income from working people to the rich. I’ll show you how politicians, such as Congressman Earl Blumenauer of Wall Street, and Senator Ron Wyden of Wall Street, provide votes to redistribute income.
I’m picking on Wyden and Blumenauer because they have reputations as good liberals of the people, while their actions show them to be Wall Street and Koch Brother Bitchboys.
This is going to be a weekly series. We’ll first look at the recent free trade agreements with South Korea, Colombia and Panama and their coming impact on the USA, or maybe we’ll look at NAFTA. Then we’ll look at inflation as an income transfer scheme, and move on to other con games of the rich and their politicians. We can’t, of course, forget the supreme court.