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avivajazz  jazzaviva

Plutonomy, Plutocracy, and Wealth And Inequality In America | Business Insider - 0 views

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    15 mind-blowing facts about wealth and inequality in America: A slideshow from "Business Insider." Click on "VIEW AS 1 PAGE" unless you want to go insane, viewing 1 slide at a time.
avivajazz  jazzaviva

Moshe Adler: Without a Debt Deal, Obama Can Make the Rich Pay - Truthdig - 0 views

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    In the debate about the proper size of government, an agreement should be easy to reach: If the government stops serving the interests of the rich, the rest of us will not need to rely on it to dress the wounds that it inflicts.
avivajazz  jazzaviva

Daily Kos: Poverty in America and Class Warfare - 0 views

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    It's intellectually dishonest to have a discussion over the fairness of the tax code and welfare programs without FIRST addressing the inherent inequality of our labor markets, capital markets, access to education, access to the judicial system, access to infrastructure, and intellectual property laws. Fundamentally, if a business leader makes his profits from paying his employees minimum wage at $7.50/hour in an area where a decent livable wage is $15/hour, but where workers have little negotiating leverage and few other options, then it is RIGHT to expect government to tax the business/owner at a high percentage and the workers at a low percentage, and to use tax funds to provide the under-compensated workers with housing and food assistance, as well as other forms of aid. In that scenario, the scenario in which most of our country operates (accounting also for middle-class wage-earners that are under-paid), it is disturbingly unfair to demand that "equality" be applied only at the tax code (even moreso that it only be leveled at the income tax, specifically), as if wealth is earned solely in proportion to some fantastical Randian ideal of personal worth and NOT heavily influenced by real-world power dynamics.
avivajazz  jazzaviva

Occupy Wall Street finally releases their one demand « OntheWilderSide - 0 views

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    KW writes: My goodness. In a wise, creative, and mischievous response to the nasty rhetoric of the press, the Occupy Wall Street folks have answered propaganda with poetry. What a graceful maneuver in the struggle for social change. Beautiful and heartwarming! For a discussion on the media's quest for one, clear demand from the Wall Street protesters, the group created the following consensus document: A Message From Occupied Wall Street (Day Five) Published 2011-09-22 07:51:42 UTC by OccupyWallSt at OccupyWallStreet.org This is the fifth communiqué from the 99 percent. We are occupying Wall Street. On September 21st, 2011, Troy Davis, an innocent man, was murdered by the state of Georgia. Troy Davis was one of the 99 percent. Ending capital punishment is our one demand. On September 21st, 2011, four of our members were arrested on baseless charges. Ending police intimidation is our one demand. On September 21st, 2011, the richest 400 Americans owned more than half of the country's population. Ending wealth inequality is our one demand. On September 21st, 2011, we determined that Yahoo lied about occupywallst.org being in spam filters. Ending corporate censorship is our one demand. On September 21st, 2011, roughly eighty percent of Americans thought the country was on the wrong track. Ending the modern gilded age is our one demand. On September 21st, 2011, roughly 15% of Americans approved of the job Congress was doing. Ending political corruption is our one demand. On September 21st, 2011, roughly one sixth of Americans did not have work. Ending joblessness is our one demand. On September 21st, 2011, roughly one sixth of America lived in poverty. Ending poverty is our one demand. On September 21st, 2011, roughly fifty million Americans were without health insurance. Ending health-profiteering is our one demand. On September 21st, 2011, America had military bases in around one hundred and thirty out of one hundred and sixty-five countrie
avivajazz  jazzaviva

New Aristocracy Gets Unjust Desserts - 0 views

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    A new aristocracy is reaping huge unearned gains from our collective intellectual wealth. Our celebrated entrepreneurs and money men are hoisting a cherry to the top of an already existing sundae-and then laying claim to the entire ice cream parlor. Knowledge is the primary source of our national wealth, with or without the elites at the top who claim the lion's share.
avivajazz  jazzaviva

Bailout for the People || Basic Income Guarantees || Cancerous Monetary System in USA - 0 views

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    Isn't it fiinally time to enact a "basic income guarantee"? The lack of individual and family income security in the midst of a highly-developed economy is a travesty under any circumstances. But the contradiction of "poverty in the midst of plenty" that has plagued the world since the start of the Industrial Revolution is becoming much more grave in the U.S. and abroad. The problem, of course, is one of distribution of earnings, and excess production capacity relative to available income... Winston Churchill gave eloquent testimony to this conundrum of the modern age when delivering the Romanes Lecture at Oxford University on June 19, 1930. This was a few months after the crash of the U.S. stock market marked the start of the Great Depression. Churchill said: "Who would have thought that it would be easier to produce by toil and skill all the most necessary or desirable commodities than it is to find consumers for them? Who would have thought that cheap and abundant supplies of all the basic commodities would find the science and civilization of the world unable to utilize them? Have all our triumphs of research and organization bequeathed us only a new punishment: the Curse of Plenty? Are we really to believe that no better adjustment can be made between supply and demand? Yet the fact remains that every attempt has failed. Many various attempts have been made, from the extremes of Communism in Russia to the extremes of Capitalism in the United States. They include every form of fiscal policy and currency policy. But all have failed, and we have advanced little further in this quest than in barbaric times. Surely it is this mysterious crack and fissure at the basis of all our arrangements and apparatus upon which the keenest minds throughout the world should be concentrated.
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