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Tuesday, June 03, 2014

Toward The Total Paralysis Of An Unequal Society

The pauperisation of the American middle class is already complete with the theft of jobs, homes, retirement accounts and hope; now the peasants are being taught by the MSM that it is O.K. to live in and eat out of dumpsters… and that they had better get used to eating insects

PRESS TV
06/02/2014

The severing of our society into a plutocracy and a peasantry is so far along that statistics almost cease to have meaning. But the facts have to be told, to help explain the sickening sense that we're becoming a nation without a middle class, paralyzed by the inequality deniers and excuse makers who refuse to admit there's something wrong with their free-market capitalist system. 


Welcome home, America
The extremes are becoming almost intolerable.

1. A Broken System of Compensation: The Combined Salaries of 350,000 Pre-School Teachers is Less Than That of Five Hedge Fund Managers.

Pre-school teaching may be our nation's most important job. Numerous studies show that with pre-school, all children achieve more and earn more through adulthood, with the most disadvantaged benefiting the most.


Hedge fund managers, at the other extreme, are likely to bet on mortgages to fail or on food prices to rise.

It's a frightening commentary on our value system that the total income of over a third of a million pre-school teachers is less than the combined income of just five big-money speculators.

2. Diminishing Support for Society: The 1% Made More from their Investments in 2013 than the Entire Cost of Social Security, Medicare, Medicaid, and the Safety Net.

America's wealth grew by almost $9 trillion in 2013. The richest 1% own 34 percent of the wealth, or about $3 trillion of the 2013 gain.

That is far more than the budget for Social Security ($860 billion), Medicare ($524 billion), Medicaid ($304 billion), and the entire safety net ($286 billion for SNAP, WIC [Women, Infants, Children], Child Nutrition, Earned Income Tax Credit, Supplemental Security Income, Temporary Assistance for Needy Families, and Housing).

3. Capital's Long-Term Dominance of Labor: Since 1900, a Dollar of Labor has Grown to $127, a Dollar of Stocks to $1,247.




There's a good reason why the super-rich are cleaning up in the stock market. Thomas Piketty explains that, barring war or depression, the return on capital far outpaces economic growth, causing average workers without a stock portfolio to drop further and further behind. A look at stock market growth over 114 years (Page 60) confirms that a dollar of capital is now worth ten times more than a dollar of labor value.

In recent years, the gains from continued worker productivity have gone to the 10% of Americans who own almost 90 percent of all stocks excluding pensions (which are fast disappearing).

4. The Walmartization of America: A Few Super-Rich at the Top, then Everyone Else.


Dinnertime for the peasants - the lucky ones
Just like at Walmart, a few big moneymakers are ruling over a great majority of increasingly low-income workers. Low-wage jobs ($7.69 to $13.83 per hour) made up 1/5 of the jobs lost to the recession, but accounted for nearly 3/5 of the jobs regained during the recovery. And it's getting worse. Nine out of ten of the fastest-growing occupations are considered low-wage, generally not requiring a college degree.


The descent into Walmart-like employment is disproportionately hurting minorities. In 2013, an astonishing 55.9 percent of employed black recent college graduates were underemployed, working in an occupation that typically does not require a four-year college degree.

At the other end of the Walmartization, families in the top 5% made anywhere from $300,000 to $40 million -- in just one year.

5. Toward Third-World Status: Our Shrinking Middle Class Gets a Smaller Cut of National Wealth than Anywhere except China and India.

From a global perspective, we're becoming the type of country that we used to dismiss as "third-world." Among developed and fast-rising nations only the middle classes of China and India get a smaller cut of their country's wealth than in the United States. Both of them are rapidly catching up to us.

Antidote

Thomas Piketty recommends a global wealth tax to help reverse inequality. But a financial transaction tax (also called speculation tax or Robin Hood tax) would be easier to implement, more efficiently regulated, and a source of massive revenues at little cost to financial traders.

Whatever method we choose, progressive thinkers in the US and around the world will need to unite on a single cause, much as the Tea Party did in its crusade against government. We can't afford to disagree among ourselves as paralysis sets in.

AGB/AGB


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ANDREW KREIG: EXPERTS REJECT FIRE AS CAUSE FOR 9/11 WTC COLLAPSES

The real truth on 9/11 slowly continues to bleed out

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Technical experts are mounting major challenges to official U.S. government accounts of how three World Trade Center skyscrapers collapsed in near-freefall after the 9/11 attacks 15 years ago.

Many researchers are focusing especially on the little-known collapse of

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The Geopolitics Of The United States, Part 1: The Inevitable Empire

The Empire and the inevitable fall of the Obama criminal regime

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STRATFOR Editor’s Note: This installment on the United States, presented in two parts, is the 16th in a series of STRATFOR monographs on the geopolitics of countries influential in world affairs.

Like nearly all of the peoples of North and South America, most Americans are not originally from the territory that became the United States.

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Geopolitics Of The United States Part 2: American Identity And The Threats of Tomorrow

A look back at 2011 predictions for the future in order to put events of today into perspective

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We have already discussed in the first part of this analysis how the American geography dooms whoever controls the territory to being a global power, but there are a number of other outcomes that shape what that power will be like. The first and most critical is the impact of that geography on the American mindset.

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By Robert S. Finnegan

This e-mail outlines and confirms the acts of espionage against Indonesia and Indonesians by Akiko Makino and the others involved both in Kobe University and in AI Lab at University of Airlangga, Surabaya; Bahasa Indonesia original follows English translation...

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UPDATED 01/07/2015 : New Analysis Challenges Tamiflu Efficacy; Hong Kong Corona Virus Outbreak

UPDATED 01/07/2015 : FOX NEWS CORPORATE PHARMA SHILL MEGAN KELLY AND FOX NEWS QUACK DOCTOR NOW PUSHING TAMIFLU FOR PREGNANT WOMEN AND CHILDREN;

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THE 5TH ESTATE UNEQUIVOCALLY WARNS THE PUBLIC NOT TO TAKE OR GIVE THIS PROVEN DANGEROUS, INEFFECTIVE DRUG TO ANYONE

Obama criminals now resulting to biowarfare in quest to destroy Chinese and ASEAN economy; "novel virus substrain" points directly to a Kawaoka / Fouchier / Ernala-Ginting Kobe lab virus weaponized and genetically altered to specifically target and infect the Asian population: Ribavirin...

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The 5th Estate has just purchased a library on H5N1 "Novel" virus pandemics, there are dozens of PDF and Exel documents we feel will assist you in saving lives following intentional releases of the H5N1 and now MERS viruses; we will begin by printing those that appear to be extremely relevant here: H5N1 Kobe-Kawaoka-Ernala series continues soon with more "Smoking Gun" e-mails from Teridah Ernala to The 5th Estate . . .

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By Robert S. Finnegan

On October 12, 2002 the Indonesian island of Bali experienced a terrorist attack that rocked the world. It was unquestionably well-coordinated and executed, the largest in the country's history.

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