INEQUALITY IN AMERICA – USA #1 IN WEALTH INEQUALITY AND #1 IN INCOME INEQUALITY
INEQUALITY IN AMERICA – Of, by, and for the American People.
USA #1 IN WEALTH INEQUALITY IN DEVELOPED WORLD
USA #1 IN INCOME INEQUALITY IN DEVELOPED WORLD
“The American people are beginning to catch on that there`s something fundamentally wrong in our SOCIETY when so few have so much and so many have so little”
— SENATOR Bernie Sanders (I)
INEQUALITY HAS GROWN THE LAST 10 YEARS:
85 Wealthiest = 50% of WORLD’s Least WELL TO DO’s Wealth = PURE EVIL!
THERE ARE MILLIONS OF GREAT HUMAN BEINGS WITH IDEAS!
THIS IS OLIGARCHY AT ITS WORST!
Source: Oxfam Reports 01/21/2014
Massive Worldwide Economic Inequality
Oxfam’s “Working For The Few” report
Credit Suisse’s “Global Wealth Report 2013”
Forbes’ list of the world’s billionaires from 2013
1% of World Population = Controls 50% of World’s wealth.
World’s 85 richest = Own same amount as bottom 50% of Global Population
FEW = Massive concentration of resources = significant risk to societal breakdown
Oxfam says leaders at 2014 Davos = Must tackle growing inequality = a living wage + progressive taxation.
Income disparity = one of the “Ten Global Risks of Highest Concern in 2014.”
10.7% DROP in AVERAGE INCOME for the bottom 90% from $34,067 to $30,439.
76.2% JUMP in AVERAGE LOOTING for the Top 30,000 Americans (or O.O1%) from $12,240,438 to $21,569,156.
22% was the INFLATION over the last 10 years.
“American dream is a myth … the income and wealth gaps widen … the clear trend is one of concentration of income and wealth at the top, the hollowing out of the middle, and increasing poverty at the bottom.”
— JOE STIGLITZ, Nobel Prize Winner
PROGRESSIVE HUMAN SPIRIT CALLS FOR CHANGE FOR THE 99%!
+392% increased INCOME for TOP 425 TAX DODGING $BILLIONAIRES
– 37% decreased Tax Rates for TOP 425 TAX DODGING $BILLIONAIRES
“POVERTY is the worst form of violence.”
— Mahatma Gandhi – $BILLIONAIRES ATTACK ELDERLY
“Extreme Inequality in the US is weighted very heavily to literally O.1% of the population, mostly Hedge Fund Managers and CEOs of Major Corporations. But the phenomenon is basically WORLDWIDE.”
— NOAM CHOMSKY
THE RICH GET RICHER BY CHEATING THE 90+% OF AMERICANS:
INEQUALITY HAS GROWN THE LAST 10 YEARS:
10.7% DROP in AVERAGE INCOME for the bottom 90% from $34,067 to $30,439. +22% was the INFLATION.
76.2% JUMP in AVERAGE LOOTING for the Top 30,000 Americans (or O.O1%) from $12,240,438 to $21,569,156.
“This country does a great job of creating wealth, but not a great [job] of distributing it.”
— Lloyd Blankfein, Goldman
We have 100,000,000 Americans living at or below the POVERTY Line!
We have 153,000,000 Americans living POOR!
We have 1,600,000 CHILDREN without a HOME.
We have 50 million Americans who can’t see a doctor when they’re SICK.
We have 24 million Americans who can’t find full-time work.
We have 47 million Americans who need government help to feed themselves.
We have 15 million Americans who owe more on mortgage than the home’s value.
We have 1st most-unequal distribution of wealth in entire developed world.
We have 4th most-unequal distribution of wealth in entire world like Zimbabwe.
We have HUNDREDS OF MILLIONS DROWNING in debt – debt slaves.
We have MILLION(S) of Americans living in their cars.
If lower taxes actually resulted in more jobs, we’d have help wanted signs littering the sidewalks.
GROWING GULF BETWEEN RICH AND POOR
OBAMA SECRET TRADE DEAL WITH 600 MULTI-NATIONAL CORPORATIONS AND 12 ASIAN PACIFIC RIM COUNTRIES WILL MAKE INEQUALITY EVEN WORSE.
SLAVE LABOR IN ASIA WILL BE MADE EASIER TO ROB MORE AMERICAN JOBS – MAKING THE MULTI-NATIONAL RICH EVEN RICHER – A MASS MULTI-NATIONAL ASSAULT ON DEMOCRACY IN ASIA.
Obama pressured Congress for extra-constitutional “Fast Track” authority to complete the SECRET DEAL without congressional scrutiny or amendment.
50% of American wage earners made less than $30,000 last year – SSA
$27,010 = Federal Poverty Line for a family of five in 2012.
24.2% of Americans make $10,000 or less = 37 million Americans
32.2% of Americans make $15,000 or less = Min-wage employee 40 hours / week
53.2% of Americans make $30,000 or less
73.4% of Americans make $50,000 or less
92.6% of American make $100,000 or less
99% of American make $250,000 or less = Top 1% makes $250,000 or more
894 people $20 Million or more = 99.99989% of those living in America = $37 Billion
Source: the Social Security Administration.
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WHITE = THE PREDOMINATE FACE OF POVERTY = “the INVISIBLE POOR”
19 MILLION WHITES IN POVERTY = DOUBLE POOR BLACKS
41% of those in POVERTY ARE WHITE making $23,021/year for a FAMILY of 4
60% of POVERTY IS WHITE = Appalachian states’ in the East – worst is Buchanan COUNTY, in SOUTHWEST VIRGINIA where 99% of those in POVERTY are WHITE, Industrial Midwest, and from MISSOURI, ARKANSAS and OKLAHOMA up through the Great Plains.
GOP = AYN RAND UTOPIA! CORP DEMS ALWAYS HELP THEM!
80% OF US ADULTS = JOBLESS + NEAR-POVERTY RELY ON WELFARE TO SURVIVE!
90% RISK OF NON-WHITES BEING lN POVERTY
76% RISK OF WHITES BEING IN POVERTY – BIGGEST JUMP IN LATEST DATA
85% FOR ALL AMERICANS BY 2030!
“Poverty is no longer an issue of `them’, it’s an issue of `us.'”
— Mark Rank, a PROFESSOR at Washington UNIVERSITY
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12% Decline in median worker wages from 2001 and 2011
80% Jump in Corporate Profits from 2001 and 2011
300% Jump in upper-level management Incomes from 2001 and 2011
18% Inflation from 2001 and 2011
95% of income gains have gone to the top 1% from 2001 and 2011
$32 Trillion in cash TAX DODGED offshore (Romney-Cayman-Style) benefits of Asian Slavery and Zero%-interest money to set up massive scams
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“In America today, the top 1 percent owns 38 percent of our country’s financial wealth. The bottom 60 percent owns 2.3 percent. The increasing wealth inequality in the United States has become the great moral issue of our time.
In America today, one family, the Walton family of Wal-Mart, owns more wealth than the bottom 40 percent, and the top 400 individuals have more wealth than the bottom half of our country — over 150 million people.
In terms of income, the top 1 percent earns more than the bottom 50 percent, while the wealthiest 16,000 Americans, who make more than $10 million a year (the top 0.01 percent), saw their income increase by nearly a third between 2011 and 2012.
According to a recent study, from 2009 to 2012, 95 percent of all new income went to the top 1 percent. Meanwhile, since 1999, median family income declined by more than $5,000 after adjusting for inflation.
Today, a record-breaking 46.5 million people live in poverty in the United States. At 21.8 percent, we have the highest rate of childhood poverty in the industrialized world. One out of four of our kids now lives in a family that receives food stamps.
Poverty among seniors is growing. Over 9 percent of seniors lived in poverty in 2012, higher than in 2009. More American seniors were living in poverty last year than in 1972.
In recent years, while median family income has declined and poverty has increased, the number of millionaires and billionaires has grown at an extraordinary rate. In 1996, there were 121 billionaires in America. Today, there are 442.”
— Senator Bernie Sanders
“We must recognize and proclaim that whatever the form of government may be, so long as human society continues to be divided into different classes as a result of the hereditary inequality of occupations, of wealth, of education, and of rights, there will always be a class-restricted government and the inevitable exploitation of the majorities by the minorities.”
— Mikhail Bakunin
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