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Income inequality is getting worse in the United States, and some new data from Pew Research shows this to be true.

An analysis that weighs the U.S. against 11 countries in Western Europe shows that America holds the tiniest middle class, with just 59% of the United States’ population falling between rich and poor on the income scale. By contrast, 72% of the German population falls into that middle-income bracket — defined by Pew to be between two-thirds the country’s median income and double the median — as does 80% of the Danish population.

“Countries with higher income inequality tend to have smaller middle classes,” said Rakesh Kochhar, the associate director of research at Pew Research Center. The US rates 93rd worst when it comes to income inequality. That’s because the vast majority of new income in the United States is being redistributed from the 99 to the 1 percent, and because the rich control virtually all levers of government that determines income and wealth redistribution.

Tens of millions of US jobs have been exported thanks to Free Trade Treaties since 1990, for example. The difference between the old higher US wages and benefits and the new lower third world wages with no-benefits go straight from the pockets of the middle class to the super wealthy via higher corporate profits, soaring share prices, and surging dividends.

There’s one interesting wrinkle to the Pew data: While the U.S. middle-income segment is smaller than in European countries, it takes a higher income overall to make it into that group. The median income for a middle-class household in Italy is $35,608. It’s $44,000 in France and $46,000 in Denmark.

But in the United States, it’s $60,084. That, however, simply measures how badly income inequality has become in the US since income inequality in the US badly skews the data. Pew defines the middle class to be between two-thirds the country’s median income and double the median. The median is the midpoint. So if the highest earner in a nation earns $1.2 billion a year and the lowest worker earns $50,000, the midpoint is $599,950,000.

The median is the midpoint. So if the highest earner in a nation earns $1.2 billion a year and the lowest worker earns $50,000, the midpoint between the two is $599,950,000. Whereas, if the highest earner garners $1 million while the lowest worker earns $100,000, then the median income is $450,000. The higher income inequality, the more money it takes to get into the middle class. The less income inequality is, the less cash it takes to be in the middle class.

 

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Knowing the truth can set you free. Knowledge of the forces that constrain you is the first step toward achieving freedom. Great spirits always encounter violent opposition from mediocre and bought off mouths and minds.

So here’s economic myths numbers four and five.

4. Myth: Free trade is good, but only if you’re rich.
Fact: International income redistribution agreements are falsely marketed as free trade agreements. These agreements are perhaps the biggest reason why the 99 percent receive only 66 percent of the income created in the United States nowadays, compared to 8 percent.

5. Myth: The United States is a democracy in which all the people are represented.
Fact: The United States is a plutocracy, which is a government of the rich, by the rich, and for the rich. At times in the past, the USA has had a national government that represented most of the people, but never all of the people. When this has occurred the rich only received 8 percent of national income. Today the rich steal 36 percent of the total national income.

In other words, income distribution is solely linked to political power. Whosoever has the gold makes the rules.

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In a new Associated Press Poll, 68 percent of Americans think taxes should be raised on the rich. According to the poll, most people think the middle class pays too much in federal taxes.

President Obama recently declared that the rich should pay more in taxes, as well. However, it should be pointed out that this was the furthest thing from the president’s mind when his Democrats had control of the House of Representatives and 59 votes in the US senate. It’s easy to propose something when it has no chance of succeeding under Republican domination of both houses of congress. In other words, the president is saying something that cannot occur in an attempt to rally the troops for the 2016 elections, especially since Democratic voters stayed home in the last election, in part because of the failure of the Democrats to want to help the middle class. Will the grassroots be fooled again in 2016? Maybe, but most likely not.

Check out more from the poll at the link below.

Findings from the Latest Associated Press Poll–Associated Press

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Pope Francis: “The Powerful Feed Upon the Poor”

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It should also be pointed out that tax cuts for the rich destroy jobs, because the rich take their ill gotten gains, and purchase legislation from politicians to ship jobs overseas, which does not create jobs, but destroys them, at least here in the United States. That’s just one of the ways tax cuts for the rich destroys jobs. There is not one iota of evidence that any tax cut for the rich has ever created a single net job in US history.

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There is a straight forward relationship between tax cuts for the rich and growing income and wealth inequality. The conduit for financial inequality is the political markets. Tax cuts for the rich allowed them to corrupt the federal and state governments to the core. The rich used their ill gotten gains from Reagan’s tax cuts to purchase legislation in the political markets that redistribute income and wealth from people like you and me and “Aunt Millie” to the CEO’s and shareholders of corporations, namely the 1 percent. This legislation included free trade treaties that shipped jobs overseas, reducing labor costs while increasing profits. The legislation included privatization scams, deregulation schemes, and actions toward war, such as in Iraq, and Afghanistan, both of which are extremely profitable to the one percent. The rich also purchased the No Child Left Behind Act, which benefited only the major publishing corporations of educational books and tests, such as McGraw-Hil, and the McGraws have been neighbors and best friends of the Bush’s since the Great Depression. Yes, that’s precisely how corrupt President George W. Bush was. There are a ton more legislation that has been purchased by the one percent to redistribute income and wealth to themselves from the 99 percent, but I don’t have that much space. That’s why the economic and political markets are a rigged game.

The press has been a tool of the 1 percent, used to mislead and lie us into wars, deregulation, free trade agreements, privatization, anti-labor union tirades, as well as poisoning ourselves with GMOs by claiming they’re harmless, regardless of what all independent studies show. Yes, they lie to us a lot.

All of this corruption has sent the Dow Jones higher, as well as the NASDAQ and other financial markets. All of which benefits the 1 percent.

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