Posts tagged wealth distribution
“’I think what a lot of Republicans want to see is that we have a standard bearer that bears our standards.’ House Speaker Paul Ryan said on Thursday,”
Perhaps “Republican Standards” are the standards of the rich and elite. American wealth is moving toward the few (.8% now) at an unprecedented rate of flow (up). American wage earners have experienced their standard of living dropping whilst Congress spends such a lot of time bickering and fighting each other. Perhaps the other 99.2% are just fed up.
For example: “For most workers, real wages have barely budged for decades”
http://www.pewresearch.org/fact-tank/2014/10/09/for-most-workers-real-wages-have-barely-budged-for-decades/ and yet; there are now more than twice as many millionaire households than there were in 1996. http://www.cnbc.com/2015/03/09/more-millionaires-than-ever-are-living-in-the-us.html
48.00% of Americans earn less than $25k a year.
“In 2011, the majority of low-income working families (61 percent) spent more than one-third of their income on housing, exceeding an accepted guideline for what constitutes affordable housing.” http://www.prb.org/Publications/Articles/2013/us-working-poor-families.aspx
A low-income family is: “those earning less than twice the federal poverty line. In 2011, the low-income threshold for a family of four with two children was $45,622.” That means the poverty level is $22,811. So nearly ½ of American families (2 adults and 2 children) are living in or very near poverty. “In 2011, the top 20 percent of working families received 10.1 times the total income received by the bottom 20 percent of working families, up from 9.5 in 2007.” I’m sure that in 2016 at least 50% of American families are earning below the poverty line.
For quite a while I’ve heard the over-ripe saying that “The rich get richer and the poor get poorer.” I always thought it was just an over exaggeration. Not anymore.
As I posted on Facebook Friday, “Fanaticism is bred by hopelessness and despair”
I think it is safe to say that almost half the American population despair of ever rising above the poverty line. Then along comes Trump! But Trump is a millionaire.
Does this really make any sense?
Keeping the Wild
This book might be a great help in understanding why humans are destroying Nature. The quote below makes a connection that has gone over my head until a few days ago.
“From time immemorial, just as today, the underclass and the powerless have been forcibly limited from accessing resources for their own material advantage. It is thus injustice toward the more-than-human world – stripping it into being-for and value-for people (“resources”) that constitutes the foundation of social injustice and inequality.” Eileen Crist in “Keeping the Wild”
This book might be a great help in understanding why humans are destroying Nature. Is it not rather bizarre and crazy-making that whilst we, as just one species of many, have given ourselves the right to slash and burn, poison and desecrate as we choose whilst energetic and physical essence that we depend on for our very existence has no rights whatsoever?
With wealth comes power
“When I started to look at what we are doing—the numbers were so boggling. I did some long division to make it more understandable. It came down to every four to four-and-a-half days, there’s a million more of us on the planet. That just doesn’t seem like a sustainable figure, and that’s pretty much where we are unless we start to do something about it.”
A CONVERSATION WITH ALAN WEISMAN http://littlebrown.com/countdown.html
John Kerry: “The future… will be defined by the combination of stability and economic growth”
(Sky:) Economic growth for whom? Every four-and-a-half days, there’s 990,000 more of us who will see poverty in their lifetimes.
“The remaining 91.6 percent of humanity splits around 17 percent of the wealth.”
“The planet overall minted around 2 million new millionaires last year.”
“Taken together, the bottom half of the global population own less than 1 percent of total wealth. In sharp contrast, the richest 10 percent hold 86 percent of the world’s wealth, and the top 1 percent alone account for 46 percent of global assets.”
How To Avoid Raising Taxes on the Middle Class or Cutting Programs the Middle and Poor Depend On
By Robert Reich
Nation of Change
“The real median wage is only slightly higher now than it was 30 years ago, even though the economy is twice as large.”
“Wealth has become even more concentrated than income (income is a stream of money, wealth is the pool into which it flows).
The richest 1 percent now own more than 35 percent of all of the nation’s household wealth, and 38 percent of the nation’s financial assets – including stocks and pension funds.
Think about this: The richest 400 Americans have more wealth than the bottom 150 million of us put together. The 6 Walmart heirs have more wealth than bottom 33 million American families combined.
So why are we even contemplating cutting programs the middle class and poor depend on, and raising their taxes?
We should tax the vast accumulations of wealth now in the hands of a relative few.”
Why do we vote for millionaires who then write bills that further their aims to become billionaires?
I’m sorry, perhaps I misspelled Democracy.
“Oligarchy (from Greek ὀλιγαρχία (oligarkhía); from ὀλίγος (olígos), meaning “few”, and ἄρχω (archo), meaning “to rule or to command”) is a form of power structure in which power effectively rests with a small number of people. “http://en.wikipedia.org/wiki/Oligarchy