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Posts Tagged ‘treaties’

The one percent are set to own over 50 percent of the world’s wealth sometime next year if current trends continue, according to a new report by Oxfam, a poverty fighting group. The report notes that this extreme inequality “is the consequence of political choices. Extreme poverty and inequality are the result of a skewed economic and political system that favors the few at the expense of everyone else.”

Basically, the folks at Oxfam are saying that the golden rule is the cause of inequality; “he who has the gold makes the rules.”

Currently, the top 1 percent own about 48 percent of the world’s wealth, up from slightly above 44 percent in 2010. Much of this rapid growth is due to free trade treaties which place downward pressure on wages.

Wealth, by the way, are things that you own. It’s different than income, which is money you have coming in, either in the form of income, or capital gains.

There is an important connection between income and wealth. You cannot accumulate wealth without getting the income to do so. So in that sense, the massive difference between the wealth owned by the 1 and the 99 percent is caused by a massive income inequality, which is nothing more than a function of inequality of political power, which is the root cause of wealth inequality.

The Oxfam report notes that the wealth of the world’s 80 richest people has doubled from 2009 to 2014. Most of the world’s billionaires get their money primarily from industries such as investments, banking and pharmaceuticals, which coincidentally, amazingly, are industries that will prosper even more if the Trans Pacific Partnership (TPP) becomes law. We know this because of leaked documents. 600 corporate lobbyists are helping the negotiators secretly construct this deal, and it’s literally a done deal. The TPP is a perfect example of how the rich use their political clout to redistribute income from the 99 percent to themselves.

For more on the Oxfam report, click the link below.

http://www.oxfamamerica.org/static/media/files/Wealth_Having_it_all_and_wanting_more.pdf

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President Ronald Reagan’s tax cuts for the rich opened up a flood of money into politics aimed primarily to redistribute income from the 99 to the 1 percent, such as privatization and deregulation scams and free trade treaties that shipped jobs overseas and redistributed the difference between the old higher US wages and the new lower wages into the pockets of the 1 percent via higher corporate profits, surging dividends and booming share prices. This, in turn, gave the 1 percent even more money to corrupt government at all levels and turn the levers of power against the 99 percent.

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We’ve been lied to over and over again that free trade treaties protect people working in third world sweat shops like Guatemala. However, that’s another lie foisted on us by supporters of free trade treaties, such as Wall Street Senators Ron Wyden, Orrin Hatch and Mitch McConnell, Wall Street President Barack Obama, and Wall Street Congressman John Boehner.

“A report published in January by the Institute for Global Labour and Human Rights and the Center for Studies and Support for Local Development (CEADEL) offers a detailed case study of the corruption, abuse and shameless profiteering that often exemplify the global supply chain, demonstrating that globalization and “free trade” do not “lift all boats” but instead builds more yachts for the 1%, which is Wyden’s only goal in the senate, Boehner’s in the house, and Obama’s in the White House.”

The sad thing is that their goal is never ending, since their goal primarily supports the Ponzi Scheme known as Wall Street.

Check out the complete story below.

Fashion Faux Pas Free Trade and Sweatshop Labor in Guatemala-Truthout

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Look at the graph below. Almost 30 million US jobs have been shipped away since the signing of NAFTA, according to the Federal Reserve. That’s your tax base for schools, police and other government services. That’s why classes are overcrowded and school district’s are finding it difficult to keep up with constantly rising prices.

The total number of jobs exported since Nafta was enacted into law in 1994.

When jobs are shipped overseas, the difference between the old higher wages and the new lower wages are redistributed into the pockets of rich corporate shareholders via rising corporate earnings, soaring share prices and skyrocketing dividend payments. That means the wages of nearly 30 million jobs and the tax base these jobs used to support have been redistributed into the pockets of the 1 percent. That’s precisely why CEO pay has gone up and up since Nafta and other free trade treaties have been enacted. Check out the graph below. Notice that the massive rise in CEO pay began in 1994.

It should also be pointed out that free trade treaties not only pave the way to redistribute your child’s education to the .01 percent richest of Americans, these income redistribution treaties also pave the way for US companies to create jobs overseas, rather than here, where they belong.

The US propaganda media tells us that the jobs are going away because of automation. This is a lie because nobody would have a job nowadays since automation has been occurring since the industrial revolution began, and for the most part, more jobs are always created by new technologies and automation. Think about computers. They replaced typewriters. Computers support far more jobs and job creation than typewriters ever did. Where do you think all that software comes from? The Internet wouldn’t exist without computers. So why is there a jobs crisis? Check out the graph below. According to the Federal Reserve, every year one to two million jobs are shipped away. That doesn’t count the jobs US corporations create overseas, rather than here, due to free trade treaties.

US corporations continue to ship millions of jobs overseas, and they continue to create them overseas due to free income redistribution trade treaties. Almost three million jobs were shipped away in 2009 and 2010. Probably another two million were shipped away in 2011, and even more in 2012. Did automation do that? I don’t think so. Otherwise, China would have an employment problem, but they don’t, since they have the jobs that used to be in the USA. Did automation sign a free trade treaty so that US corporations could create jobs overseas rather than here? I doubt it.

Look at the graph of the Dow Jones Industrial Average below. Notice that when NAFTA was signed into law by President Bill Clinton in January 1994, the Dow took off, from just under 4,000 to up and up. Opening Mexico to free trade allowed US corporations to move production there and redistribute massive amounts of income from working people to the 1 percent in the process. It also paved the way for US corporations that produced goods in extremely low paying places like China to ship those items to Mexico, and in the process, this crushed Mexican production in such things as shoe manufacturing, but it was profitable for American companies, and the 1 percent. Record corporate earnings, due to redistributing income from working Americans to the 1 percent, has pushed the Dow Jones to record levels.

The Dow is over 14,000 nowadays. One reason is because of record corporate profits. How can that be since we have a weak economy? The world economy is also weak. So what can possibly explain the rise in the Dow? Since the demand for goods and services are historically pathetic, the only way for corporations to bid up their share prices has been to ship jobs overseas, and that means millions of them.

The result of free trade income treaties have been a financial miracle for the top 1 percent, and especially so for the top .1 percent. Those are the people who own the federal government, sheep dogs like Wall Street Senator Ron Wyden. Notice that a massive shift in income going to the 1 percent began, oh, judging by the graph, about January 1994, when Nafta was signed into law. That’s the result of your free trade treaties.

The rest of us are being driven into banana republic status since our income is being redistributed to the 1 percent.

One other point needs to be made. The graph below only goes to 2007. Since then the 1 percent has been stealing well over 95 percent of all income growth. That means the 1 percent are now stealing over 37 percent of all the income earned in the USA.

This is why free trade treaties are so popular among the 1 percent. This is why their propaganda machines, like Fox News, MSNBC, the Oregonian newspaper, the New York Post and the New York Times and all the major and cable propaganda networks love free trade treaties and why they lie to us by telling us that automation is the great job destroyer.

So we know free trade is the great job destroyer, the primary vehicle of income redistribution, and the great conduit of wealth redistribution.

More income means more wealth. So the 1 percent now own over 40 percent of all wealth in the US compared to 8 percent forty-five years ago. Take a look at the video below to get a good idea about the actual distribution of wealth, which are assets. The US is the 75th most unequal nation in terms wealth inequality in the world, and that was several years ago. It’s gotten much worse since then. And it’s getting worse. Want to reverse this trend? Take action. Get involved. Stop the newest trade treaty that’s being negotiated; the Trans Pacific Partnership. The Guardian newspaper calls it “NAFTA on Steroids.”

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The great American scam in the war against the middle class. What do Wall Street Senator’s Orrin Hatch and Ron Wyden and all of the Republican Party and 80 percent of the Democratic Party do for a living? They sponsor legislation that outsources and off shore American jobs, and the difference between the old higher wages and the new lower wages goes into the pockets of their masters, the 1 percent, via higher corporate profits, rising share prices and surging dividends.

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That the economy added only 96,000 jobs in August is considered bad news, but nobody in politics, business or the media ever tells us why.

The answer is simple and would probably cause US citizens to get angry or at least wonder what the hell is going on. Some would wonder, “What kind of Ponzi Scam is Wall Street running?” Others might think, “What have we gotten ourselves into?” Or worse, at least from the point-of-view of the scam artists of Wall Street, average citizens in large numbers might suggest we do something about this scam.

To keep the Ponzi scam known as Wall Street from collapsing, the US population always needs to increase. That’s because corporate profits must always grow in the long run, because if they drop in the long run, corporate shares would nose-dive and corporate bond values would plummet. The shares of publicly traded limited liability corporations would then collapse to zero or nearly so, and this includes such heavyweights as Apple Inc. and Microsoft. The wealth of the 1 percent would vanish, and could evaporate nearly overnight. Wall Street would lay in ashes and the 99 percent of US citizens would be better off with the Wall Street parasite dead, but the plutocrats of the US government, like Wall Street Senator Ron Wyden, doesn’t like the idea of not worshiping and serving the interests of the almighty dollar.

One of the ways to keep the value of corporate shares constantly rising in the long-term is to keep the underlying population growing. More mouths to feed means more demand for goods and services, and this helps to keep corporate shares moving up, which keeps Wall Street in business. A decline in population would mean less mouths to feed and clothe and would send Wall Street reeling into a financial abyss until it became “valueless,” which is the same as saying “dead.”

That is why adding 96,000 jobs in August is considered bad. That number doesn’t keep up with population growth and it doesn’t help the current excess surplus of labor (the unemployed) obtain jobs already shipped away or destroyed by government income redistribution schemes. These scams redistribute income from the 99 to the 1 percent via federal legislation, such as free trade treaties, deregulation and privatization. (Those scams, by the way, are also intended to keep the values of stocks traded in the financial markets moving upward. But that’s a different story.) More importantly, from Wall Street’s point-of-view, people are less willing to immigrate to the USA if there are not enough jobs to support themselves. That idea sends chills up the spines of the parasites of Wall Street.

The US population continues to grow by tens of millions every decade. Does anybody think that’s a good thing? Endless population growth? The Chinese don’t, so they enacted policies more than a decade ago to limit population increases. But like a drug addict, Wall Street needs greater and greater population to sustain its Ponzi scam. The 99 percent doesn’t need the growth, not at all.

The US population pretty much leveled out a few decades ago, and so that’s why most of the US population increase since then (over 90 percent) has come from immigration. Immigration, both legal and illegal, serves corporate and Wall Street interests in two ways; immigration keeps the population and mouths to feed growing, thereby serving the needs of Wall Street; and it puts downward pressure on the wages, salaries and other compensation of US citizens, and the difference between the old US wages and the new goes into the pockets of the 1 percent via higher corporate profits, dividends and share prices.

In other words, the quest for ever rising corporate profits are what drive the need for population and GNP growth. Yes, it’s all about more and more money for the 1 percent; the necessary ingredient to keep the Ponzi scheme known as Wall Street afloat and prosperous. But it does so while driving more and more of the 99 percent onto the poverty rolls because it’s nothing more than an income redistribution scam.

See related story below.

Woe to the Democrats: The US Added Only 96,000 jobs in August–The Guardian UK</a

Thank you George W Bush for the Tax Cuts that Created the Lost Decade of the Middle Class — JohnHively.wordpress.com

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Ask Him
John Schmitt and Janelle Jones of the Center for Economic and Policy Research reached a conclusion from their research. Their conclusions are incorrect, but the information is still impressive. A synopsis is below.

“The U.S. workforce is substantially older and better-educated than it was at the end of the 1970s. The typical worker in 2010 was seven years older than in 1979. In 2010, over one-third of US workers had a four-year college degree or more, up from just one-fifth in 1979. Given that older and better-educated workers generally receive higher pay and better benefits, we would have expected the share of “good jobs” in the economy to have increased in line with improvements in the quality of workforce. Instead, the share of “good jobs” in the U.S. economy has actually fallen. The estimates in this paper, which control for increases in age and education of the population, suggest that relative to 1979 the economy has lost about one-third (28 to 38 percent) of its capacity to generate good jobs. The data show only minor differences between 2007, before the Great Recession began, and 2010, the low point for the labor market. The deterioration in the economy’s ability to generate good jobs reflects long-run changes in the U.S. economy, not short-run factors related to the recession or recent economic policy.”

The reason why so many good jobs are gone is simple; they’ve been redistributed to the rich. Enact a free trade treaty, ship jobs overseas. The difference between the old higher wages in the US and the new lower wages is pocketed by the affluent via higher corporate profits, rising dividends and surging share prices. This income redistribution scam is achieved by manipulating the political markets, i.e. purchasing the rules of the game. That’s precisely how the 1 percent have stolen nearly 30 of the total national income compared to about 8 percent back in 1980.

When the jobs are shipped away and the income from them is redistributed to the 1 percent, opportunities are lost for the rest of us, and more so than just the loss of the jobs. When those jobs are exported via bribed-enforced legislation, we lose our tax base and government jobs go away, like police, firefighters and teachers. There are less opportunities for accountants, mechanics and attorneys in government.

And illegal free trade treaties are just one way the one percent manipulate the legislative process to achieve income redistribution from the 99 percent. There’s a ton of other ways. Deregulation, for example, allows corporations to jack up the prices they charge at will. The difference between what prices would be under real competitive conditions and the manipulated prices go into the pockets of the rich via the same route as free income redistribution treaties.

Related Stories

Wall Street Twit Romney Wants to Use Tax Policy to Redistribute Income From the 99 to the 1 Percent

Income Redistribution–That’s Why the Federal Deficit is So Big

US Poverty Has Increase As Income Is Redistributed From Working to Rich People

Nafta on Steroids; The Trans Pacific Free Trade Income Redistribution Treaty

Where Have All The Good Jobs Gone? Center for Economic and Policy Research

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