Yesterday, Wall Street Senator Ron Wyden voted to increase the already lopsided income and wealth inequality in the US when he introduced Fast Track legislation to the US Senate. Fast Track Authority paves the way for the Trans Pacific Partnership (TPP) to sail through congress with little debate, no amendments, and no filibuster in the senate. Fast Track is the only way the TPP will get through congress. TPP is a massive income and political power grab on behalf of the 0.01 percent. Here’s what the senator voted for;
* TPP will give incentives for US corporations to export millions of US jobs. The Federal Reserve estimates that 28 million US jobs were exported between 1990 and 2010. Wyden wants to increase this number. Jobs are the biggest US export product. Wyden likes this.
* TPP will increase US income and wealth inequality. The 1 percent have already taken 95 percent of all income growth in the United States since 2009. Currently, the 1 percent are stealing 36+ percent of all income produced in the USA, compared to only 8 percent in 1980. International trade scams and other federal legislation have brought inequality about. For example, when the above jobs were exported, the difference between the old higher US wages and the new lower wages will go straight into the pockets of the 1 percent via higher corporate profits, rising dividends and surging share prices. Wyden is a principle architect of this inequality.
* Those lost jobs will no longer be paying the taxes for our infrastructure, K-12 education, higher education (tuition and fees will go up), social safety nets, schools, fire, police, public transportation, social security taxes, but those lost jobs will push the stock markets higher.
* TPP will effectively eliminate your voting rights on local and state issues since it will unconstitutionally grant investors of the 0.01 percent special privileges to challenge labeling and health and safety local laws and regulations of the 99 percent, which most people call voter suppression, but in this case it should be called voter elimination.
* TPP will eliminate millions of jobs in Latin America, which will drive millions of more people illegally into the United States and depress wages here.
* TPP will raise pharmaceutical prices by extending patents forcing the 99 percent to pay more for big pharma’s products.
* TPP will override Wall Street regulations, as if the mostly ineffective US regulations inhibit Wall Street profits and illegal activities.
Yes, believe it or not, Wall Street Senator Ron Wyden supports this massive income and political power redistribution scam, and it’s not because the TPP will create a lot of export jobs, and he’s not the dummy he pretends to be in public. He know it won’t create jobs. And he knows the TPP will mainly destroy US jobs.