The Dems and their candidates have all jumped on the income inequality thing….they have set about outlining so many different programs that will eliminate this growing problem if they are elected……to that I has Bullsh*t!
Why would I say that?
They are lying…..they are promising something they cannot deliver….all to get a vote and to go to the Big House of government…….
It will get worse before it gets better…if it ever does……
We’ve all heard about rising income inequality, and for good reason: It’s a huge problem. Just consider the fact that the wealthiest 1% of Americans accounted for roughly 21.2% of all earnings in 2012, compared to just 8.9% in 1973, according to UC Berkeley’s Center for Equitable Growth.
But far less obvious is the eventuality that things will get much worse before they get better. Don’t believe it? Here are a couple of specific reasons why we’re in for more darkness before dawn, plus some ideas on how we can fix the underlying problems.
Source: Why Income Inequality Will Get Worse Before It Gets Better | Alternet
All I see is darkness here….and a profound lack of insight.
Reblogged this on The Militant Negro™.
I appreciate the help….chuq
Morning Chuq….hope your Thursday is a wonderful day.
Thank you my friend and may the day be a joy for you also….chuq
The problem with the Democrats and income inequality is that they helped create the problem in the first place. They are supporters of these trade agreements that lead to the loss of well paying jobs in this country. Plus, they, along with their Republican peers, allow the banks to do what they please and bail them out when they screw up.
Thanx for the visit and the comment…you are completely correct…I have been writing about the cowards for years…..Bernie helped bring it to the news and the masses….pls stop by often I appreciate the participation….chuq
Have you seen this article?
https://www.laprogressive.com/containing-neoliberalism/?utm_source=LA+Progressive+Newsletter&utm_campaign=265b5260d5-LAP_News_17April12&utm_medium=email&utm_term=0_9f184a8aad-265b5260d5-286762221
The article was unsurprising, in that it assumes that there is something to be done. There isn’t. Any capitalist system will eventually do the same. It also ignores the simple fact those who make the money aren’t going to want to give it up, and will defend the systems which allow it….
I’m afraid Lady P. is right, above; there is nothing to see in the entire system of money that will lend itself to being fixed, and nobody seems willing to acknowledge the fact the whole thing is a mistake….. That’s the lack of insight she points out…. and, THAT certainly isn’t going to improve….
gigoid, the dubious
I will agree…I want people to see that promises are not reality….chuq
I am going to have to disagree that something cannot be done. What we have is not a capitalist system. It is a system that has been rigged to benefit special interests. If it was a true capitalist system, we would not have things like TARP, the FED, and regulations that are there to keep new players from entering the market. What can be done is actually to do nothing and let the market be more free than what it is today (the government still needs to address issues of fraud and coercion).
You’re actually serious, and that amazes me…. How is doing nothing doing something? Of course, it needs to address fraud and coercion; that’s what our government is best at these days, as it is all about the corporate influence, and keeping the bottom line solid.
Capitalism is a system of delusion, placing value on an idea, equating human desire to some sort of real thing, rather than a figment of our mind. And, giving more freedom to corporate influence is, I’m sorry to say, no kind of answer at all, unless you want to view George Orwell’s boot in your face, forever….And, remember, it’s forever…
I hope you’re enjoying your slavery; you have been brainwashed thoroughly, if you believe the corporate line….
I’d wager you support the TPP? If so, it’s too late, my friend. Your mind has gone to a permanent lunch…
Sorry to sound harsh, but, anyone who believes that giving corporations MORE influence is just plain silly, and not thinking with their own mind…
gigoid, the dubious
I think you are misunderstanding me. When I say that we should do nothing, I mean that we stop picking winners and losers. Unlike conservatives, when I use that cliche, I mean it in the absolute sense. This means no more bailouts for corporations that fail, no more corporate welfare, no more FED to manipulate the market, and an end to regulations that keep entrepreneurs out of the market. I would also add that this would mean that the government keeps its nose out of the employer/employee relationship. Overall, this would a reduction of corporate influence.
The problem is not capitalism. The problem is that there are too many people who are greedy and even psychopathic which is a problem for socialism as well. Neither system is perfect and the best that can be done is to mitigate cronyism which is how these people manipulate the system for their benefit.
All things being equal, it’s really just a case of simple math. Unfortunately, nobody can do math anymore because Siri does all the thinking for them.
If American A gets $250,000 a year and American B gets $25,000 a year, then that’s a $225,000 per year difference. Ten years on, American A has $2.25 million more than American B. That’s a pretty big gap all on its own!
But then consider that most of American B’s income goes to providing the basic necessities of life. Meanwhile, American A can live a much more lavish life and STILL have more money in a year to invest than American B earns. This fact accelerates the growth in the income gap.
For example, if American A did nothing more than put half of 1 year’s income into a bond earning a piddling 1%…. that’s an additional $12,500 over the course of 10 years. That modest, no risk, move represents HALF of American B’s annual income. Imagine the gap a more profitable investment would incur.
Now, toss in the corrupt tax system where clever Riches can often pay less tax than their maids who don’t have the capability. Now toss in the access to education advantages the Riches have that others don’t. Etc. Etc.
It’s not exactly rocket science. This income inequality is just Capitalism working as it was designed to, benefiting those with (Spoiler Alert!!!)….more Capital.