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Sunday, September 20, 2020

It’s Not The Race Inequality; It's The Economic/Income Inequality Stupid

Let us examine the graph, shown below, which clearly demonstrates that the income gain of, for example, the U.S. was anything but fair.  In fact, inflation outstripped the gain shown for the 'Bottom 20%, and middle 60%, resulting in a net loss for the period in question (1979 -2016).  In fact, the bottom 20% (who paid little or no taxes) fared better than the middle 60%.  The top 1% gains are totally out-of-line, they too pay often little or no taxes, thanks to their tax attorneys.

 Income Gains at the Top Dwarf Those of Low- and Middle-Income Households 

To level the playing field, the bottom 20% and the middle 60%, should not pay any income taxes; the ultra rich (individuals and corporations) must be forced to pay their fair share of taxes, thus supporting the very system that allows them to earn these astronomical incomes.  These extreme wealth accumulators are, in the main, not beneficial to any democratic society because they suck the wealth out of the economy, for the purpose of hoarding it for consumption by their equally 'Schmarotzer' descendants.

Schmarotzer m (genitive Schmarotzers, plural Schmarotzer, female Schmarotzerin) (biology) parasite. (derogatory) freeloader, sponger (male or of unspecified sex)  https://en.wiktionary.org/wiki/Schmarotzer 

This current economic inequality cannot go on for ever; the great depression thought this lesson already, however, the top 1% are so blinded by their riches that the fail to understand that their game will come to an end, sooner than later.  Revolutions of the past did not end well for the wealthy.  So far, the super rich (including corporations) managed, through the media, and their hired agitators, to misdirect the public, by making it a race issue instead of identifying the root cause of the social problems facing the public at large, namely, economic inequality.  As throughout history, sooner or later, the people will awake and realize that they have been had, and then much hell will break loose, when people of all races will join together to eliminate the power brokers.  The police and military will ultimately join the people, and help eliminate all the 'Smarotzers' of the world.

Instead of sucking the life-blood out of the economy, the wealthy must share their ill-gotten financial resources, by paying their proportional share of taxes, and not cheat the country of which they are a citizen of, by operating with off-shore shell companies, to avoid taxes altogether.  The reason they can do this, is with the help of the paid politicians, who write laws for the average citizen, who is taxed on his/her world income (pensions incl.), whereas the rich are treated preferentially, and they can hide their income by classifying it as fake offshore income, using Shell companies, and legally at that, apparently because the rigged system looks the other way.

Black Lives Matter is nothing but an Oxymoron because as Christians, Muslims, Buddhists, etc. and humans as a whole, we know that all live is precious, and therefore matters, the skin color has nothing to do with it.  Divide and conquer is nothing new, the worse that could happen to the greedy rich is that people of all races unite against them.  Therefore, their priority will always be to seed discourse among the people, let us face it, their survival depends on it.  As long as, we fall for this strategy they have nothing to fear, and their exploitation will continue.

 

2 comments:

  1. After publishing this article, I found on Netflix, while browsing for something interesting to watch, their original video, 'Saving Capitalism', which is based on a book written by Robert Reich, a former Secretary of Labor under Clinton, entitled, 'Saving Capitalism'.

    I highly recommend it, for it goes into greater detail about the U.S. problem of economic inequality. Robert Reich has spoken out about this unfair rigged system of the U.S. capitalism for years, apparently, but nobody would listen, he says.

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  2. The 1% has paper-profits in the massive stock bubble, but it can't be kept from popping much longer.
    Then, when they, the upper managerial class, are forced to face losses and disruption of the model, we will get some new economic model patched together.
    There will be a marketing team to decide what to call it.
    They already rejected "Democratic Socialism".
    There will be focus-groups amidst the carnage.
    Grow vegetables!

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