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Archive for November 28th, 2014

United States Senator Bernie Sanders is considering a run for US president.

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Overall, the USA rates 75th highest in the world in income inequality, just behind Ghana and Turkmenistan, but ahead of Senegal, Thailand and Zambia, although only nine nations are compared in the graph above. Those are industrialized nations in the graph. Naturally, among those nine the USA is dead last. Why is the USA last among those industrialized nations?

Liars of the corporate news media and their pundits will tell you it is because of technology and automation, as if China, Germany, Sweden and other nations in the graph above don’t have the exact same issues. They do. Yet income inequality in those nations are far less than in the USA.

As you can see from the graph, severe income mal-distribution peaked just before the Great Depression in the USA. That mal-distribution caused the Depression because it weakened the demand for goods and services by the 99 percent.

You can see that a  massive rise  in mal-distribution began in the USA with the so-called Reagan Revolution, which was essentially, something of a coup since the 1 percent essentially stole control of the US government via treason. See The Real October Surprise Really Happened–Christian Science Monitor .

The 1 percent took complete control over the corporate news media around the same time, and sold us a ton of lies, such as trickle down economics, which redistributed income from the 99 to the 1 percent and gave more money to the 1 percent with which they corrupted government. The government redistributed income by signing free trade treaties and other legislation that allowed the 1 percent to ship jobs overseas, and pocket the difference between the higher old wages and the new lower wages.

The press continues to lie to us about a number of things. One of them is that our biggest trade deficit is with the nation of China. No it is not! Our biggest trade deficit is with US corporations as a whole that ship jobs overseas, or create them there which they would otherwise not be able to do without these corporate trade treaties. US corporations also hire foreign contractors and or sub-contractors to manufacture goods and services, rather than US contractors and subcontractors, thanks to these so-called trade treaties. In all of these cases, goods and services are exported to the United States from foreign nations by US corporations such as Apple, Microsoft, General Motors, General Electric, Fannie Mae (call centers in India and Pakistan), Capital One, and many others. The result is a massive United States trade deficit. This is the primary conduit through which income is redistributed from the 99 to the 1 percent.

Wall Street President Barack Obama plans to increase income and wealth inequality in the USA through the Trans Pacific Partnership, the largest income redistribution treaty of all time. Incoming Wall Street Senate Majority Leader Mitch McConnell is completely with the president on this scam. So is Democratic Liberal Wall Street Senator Ron Wyden. The game is completely rigged against the 99 percent, but the fight’s not over.

In other words, income inequality has been brought about by an inequality of political power in government and in both major political parties.

We can stop the madness. There are a great many Democrats in congress who want to get reelected, and so a few simple phone calls by a large number of constituents can sway them. The same is true of many Tea Party Republican members of the US House. Call them and protest. Let you voices be heard. Let them know you’ve had enough of these income redistribution scams.

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