In 2005, 21.2% of all the income earned in the United States was taken in by the top 1% of the population, while the bottom 50% of the United States population earned just 12.8% of the total wealth, according to new data released by the IRS.
http://money.cnn.com/2007/10/12/news/economy/income/index.htm?section=money_latest
According to the report, this is the widest the gap has been between the rich and the poor since the 1920's, an era ill-famed for the great depression. It's common sense that when the super wealthy take too much of the pie for themselves while the majority of the population struggles to survive economically, a time will come when demand cannot afford supply, when there simply will not be enough money in the lower classes to support the production put forth by the elite. The economy will stall as a result and we could face another great depression. This is where president Bush and the wealthy elite are deceptive when claiming our economy is thriving. It is, but only for a select few, with the rest getting screwed over as a result.
For the record, president Bush blames the income disparity on "skills gaps" between the classes, a distorted viewpoint which offends the intelligent. Without economic opportunities which lead to educational opportunities, the lower classes of society are not given a chance to compete on the same stage as the classes born into wealth and opportunity. A child born in the inner city will not receive the same opportunities and examples to live by as a child born into wealth. This is not a result of the failure by the parents of the inner city child nor the school system of the child as Bush infers. It is a failure by our government in reworking the tax laws as they did under Reagan, which cut back taxation for wealthy corporations and individuals, redirecting money away from social priorities like education and health care into the pockets of the wealthy. It is a result of flawed tax laws which disproportionately favor wealthier neighborhoods, where higher income areas are able to afford higher quality education. It is all connected and deceptively intended. Our current tax laws favor the elite, offering tax breaks and incentives which take away from the social framework of our society.
The tax breaks given to the Elite in the last 30 years in this country have served to elevate the upper class so far above the other classes, that they can simply afford to bribe politicians and pay for propaganda, deceiving our nation into this current murderous rampage in the Middle East. None of the wars we have escalated or become involved with since WWII have been just or noble campaigns, though they have been a profitable enterprise for our deceptive Elite, and the disparity between the classes, the unequal profit taking occurring over our heads, has led us down this path. There is no democracy when one class so thoroughly dominates the others, where money makes right and backs down to no fight. This is why we are in Iraq. It's also why we went to Afghanistan. Wake up America. Our Elite are the bad guys. They invoked the Taliban to strike for the role our government played in the Afghanistan civil war, not only for spurring on the war, but retreating after the Soviet Union fell apart and refusing to partake in rebuilding the land that our country and economy used and destroyed. It does not matter that this happened behind our backs, it matters that it happened and nothing has been done about it. There is a real connection between the role of the wealthy and the process of politics, between the conservative tax codes and the super concentrated wealth. We're being taken to the bank, and it's high time America realizes what is occurring and why it is. This is no report to take lightly.
digg it
http://digg.com/political_opinion/The_rich_getting_richer_destroying_democracy
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment