Fri, Aug 12, 2011 - 5:03am
Knowledge is power, and the key to dismantling our current dynamic and replacing it with a better one is understanding exactly where we are at.
"After extensive analysis, it is evident that World War III is a war between the richest one-tenth of one percent of the global population and 99.9 percent of humanity. Or, as I have called it, The Economic Elite Vs. The People... US millionaire households now have $38.6 trillion in wealth, plus $6.3 trillion hidden in offshore accounts. They'll see a 225% increase to $87.1 trillion by 2020. To put it in perspective, last year the cost of feeding all 40 million Americans on food stamps was $65 billion... A highly complex and largely discrete set of laws and exemptions from laws has been put in place by those in the uppermost reaches of the US financial system. It allows them to protect and increase their wealth and significantly affect the US political and legislative processes... To further demonstrate how the mega-wealthy have seized control our political process, consider that the richest 400 Americans paid 30% of their income in taxes in 1995, but they now pay only 18%. The cuts in taxes for the mega-wealthy have... led to record wealth inequality and resulted in a record national deficit. Meanwhile, to make up for the deficit that the richest one-tenth of one percent of the population has created, Democrats and Republicans are committed to making draconian budget cuts to vital social services, which target the poor, middle class, elderly and sick, while handing out billions more in corporate welfare annually."
Edited by: Biochar on Nov 8, 2014 - 5:04am