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  #1  
Old 09-20-2012, 09:52 AM
Franc Tireur Franc Tireur is offline
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America’s Great Divide Between Rich and Poor

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In 1962, Michael Harrington’s “The Other America” exposed the nation’s dark side, saying:

“In morality and in justice, every citizen should be committed to abolishing the other America, for it is intolerable that the richest nation in human history should allow such needless suffering.”

“But more than that, if we solve the problem of the other America we will have learned how to solve the problems of all of America.”

Jack Kennedy was concerned enough to ask Walter Heller, his Council of Economic Advisor chairman, to examine the problem.

In his January 8, 1964 State of the Union address, poverty levels also got Lyndon Johnson to say his administration “today, here and now, declares unconditional war on poverty in America.”

In fact, he barely scratched it. However, he got Congress to enact measures helping America’s poor.

Inequality then was severe. Today, it’s unprecedented and growing. Wealthy elites are richer than ever. Census data show around half of US households impoverished or bordering on it.

In fact, government data consistently over-estimate good news and understate the bad. As a result, unprecedented numbers of US households are impoverished under protracted Main Street Depression conditions.

Political Washington’s austerity harshness causes greater harm. Shocking bipartisan indifference to human need and suffering is criminal.

In the world’s richest ever country, poverty is highest among industrialized nations. Homelessness and hunger levels are unprecedented. Over 20% of US families haven’t enough money to buy food and need help.

Over half of US children need food stamps to eat. Tens of millions have no health insurance. Those with it pay double the cost in other developed nations. Policies enacted under Obama assure tougher times ahead.

Unemployment approaches record highs. Manipulated government data hide it. Those employed work longer for less. Home foreclosures and bankruptcies affect millions. Adjusted for inflation, median income’s no higher than in the 1970s.

In their book titled, “Winner-Take-All Politics: How Washington Made the Rich Richer,” Jacob Hacker and Paul Pierson explained how unprecedented wealth transfers to America’s rich destroyed middle class households. It also deepened poverty and created a permanent underclass.

Last September, Forbes magazine’s annual report on America’s richest 400 showed net worth soaring to over $1.5 trillion, up 12% from 2010. At the same time, poverty and human need spiral higher.

Studies Show Shocking US Inequality

Last November, The New York Times headlined, “Middle-Class Areas Shrink as Income Gap Grows, New Report Shows,” saying:

A Stanford University study titled, “Growth in the Residential Segregation of Families by Income, 1970 – 2009,” said households living in middle income areas declined sharply since 1970. Rising income inequality left once better off ones mostly low-income or poor.

In fact, data through 2007 were examined before today’s economic crisis began. Conditions now are much worse. Study author Sean Reardon said income shifts have far-reaching implications for future generations if present trends continue. Children are especially disadvantaged without access to good schools, preschool, child care, and support networks.

Former solid middle class areas are now low-income or poor. Income differences have profound effects. One example shows up on standardized test scores. The differential between rich and poor children is 40% greater than in 1970.

Moreover, the gap between rich and poor college completion (a key predictor of future success) is 50% greater than the 1990s. Over half of children from higher income families finish college compared to less than 10% of those in lower income households.

According to Harvard sociologist William Julius Wilson:

“Rising inequality” produces a “two-tiered society….in which the more affluent citizens live lives fundamentally different from middle and lower-income groups. This divide decreases a sense of community.”

In October 2011, the Congressional Budget Office (CBO) published after-tax income data from 1979 – 2007, saying it grew:

275% for the top 1%;

65% for the next 19%;

less than 40% for next 60%; and

just 18% for the bottom 20%.

Data were adjusted for household size differentials. However, inflation adjusted measures weren’t provided. They show far greater differences between rich and poor. According to Professor Paul Buchheit, America’s top 1% tripled their after-tax income from 1980 – 2006, while the bottom 90% saw theirs drop over 20%.

“(O)ur economy,” he said, “allows a tiny percentage of us to take an inordinate amount of money from society, at an increasing rate.”

According to economists Emmanuel Saez and Thomas Piketty, America’s income inequality was the highest in recorded history in 2007 before the current crisis began, and Census data way understate it.

One Dollar for Life/economics public school teacher Robert Freeman said “(b)etween 2002 and 2006, (an) astounding three-quarters of the economy’s growth was captured by the top 1%.”

In his January 2010 Common Dreams article, he said it had “70% of all financial assets,” a record high. Moreover, the bottom 40% own nothing and have a combined zero net worth.

In December 2011, the Congressional Research Service (CRS) reported on income differentials from 1996 – 2006, saying inflation adjusted it grew 25%. However, averages obscure variations. America’s poorest 20% saw income levels fall 6%, and if measured since 1979, it would have been much greater.

In contrast, top 1% earners saw incomes double from 1996 – 2006. Middle income ones experienced a 10% increase. In addition, income inequality as measured by the Gini coefficient increased 9% before taxes and 11% after-tax.
http://www.globalresearch.ca/america...rich-and-poor/

According to you, what will make America less divided between rich and poor?
 
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  #2  
Old 09-20-2012, 10:46 AM
rahulbangar rahulbangar is offline
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Capitalism sucks!
 
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  #3  
Old 09-20-2012, 10:57 AM
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Jim Gillum Jim Gillum is offline
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Quote:
Originally Posted by rahulbangar View Post
Capitalism sucks!
Did you want to explain you sudden outburst?.......

BTW...Internet marketing is capitalism......
 
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  #4  
Old 09-20-2012, 01:54 PM
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Quote:
Originally Posted by rahulbangar View Post
Capitalism sucks!
If you're basing that on what's going on in the world today, you should know that the system we have is not capitalism.
It's crony capitalism or corporatism. You could even call it fascism.
But you definitely can not call it capitalism.
 
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  #5  
Old 09-20-2012, 03:47 PM
Franc Tireur Franc Tireur is offline
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I will define the US system like Economist Jeffrey Sachs: Corporatocracy
 
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  #6  
Old 09-20-2012, 04:48 PM
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Bob Barr Bob Barr is offline
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IMHO, one thing that's worse than having a large gap between the rich and the poor is having a government powerful enough to mandate and force the elimination of that gap.
 
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Old 09-23-2012, 02:35 PM
Franc Tireur Franc Tireur is offline
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Quote:
Originally Posted by Bob Barr View Post
IMHO, one thing that's worse than having a large gap between the rich and the poor is having a government powerful enough to mandate and force the elimination of that gap.
It depends where you are in the spectrum but I don't think we need this extreme. Unfortunately when inequality hit people, the radical and extreme on each side are getting more echoes.

I believe that today, they are strechning the system to a dangerous rupture point. It could be here in US, but also in Europe.

I think Putarch get it right:

"No beast is more savage than man when possessed with power answerable to his rage."

Plutarch
 
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  #8  
Old 09-23-2012, 03:09 PM
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Bob Barr Bob Barr is offline
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Quote:
Originally Posted by Natural Elements View Post
I think Putarch get it right:

"No beast is more savage than man when possessed with power answerable to his rage."

Plutarch
I tend to prefer quotes from more recent, domestic sources.

Quote:
"Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master."

George Washington
 
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  #9  
Old 09-23-2012, 03:57 PM
Franc Tireur Franc Tireur is offline
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Quote:
Originally Posted by Bob Barr View Post
I tend to prefer quotes from more recent, domestic sources.
That's the point to take an older quote, history repeat itself and people didn't learn from it.
 
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  #10  
Old 09-25-2012, 08:47 AM
Franc Tireur Franc Tireur is offline
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Iceland is really an example to get out of this crisis, there are other ways to fix the problems and it worked.

[YT]ds6Rmg9Uzf4[/YT]
 
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  #11  
Old 09-25-2012, 09:13 AM
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Quote:
Originally Posted by Natural Elements View Post
[YT]ds6Rmg9Uzf4[/YT]
Judge Napolitano is a true patriot! You guys are lucky to have him.
 
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  #12  
Old 09-25-2012, 09:18 AM
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Breeze Wood Breeze Wood is offline
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distribution of wealth is a natural function of a Democratic Society through its gov't within a Capitalistic economy, otherwise leads to Dictatorship.
 
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  #13  
Old 09-25-2012, 09:34 AM
Franc Tireur Franc Tireur is offline
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Quote:
Originally Posted by Breeze Wood View Post
distribution of wealth is a natural function of a Democratic Society through its gov't within a Capitalistic economy, otherwise leads to Dictatorship.
Right now the distribution of wealth stays on the top because the wealthy don't want to take the loss. By the way, did you hear any presidential candidate talking about freedom and liberties? Because I don't.
 
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Old 09-25-2012, 10:05 AM
adsonmycar adsonmycar is offline
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Isn't it as easy as fixing the tax system? I guess the 1 percent has more power on how the tax system should be.
 
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Old 09-28-2012, 08:33 AM
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Quote:
Originally Posted by Natural Elements View Post
Right now the distribution of wealth stays on the top because the wealthy don't want to take the loss. By the way, did you hear any presidential candidate talking about freedom and liberties? Because I don't.
Yes I have: Jill Stein
 
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  #16  
Old 09-28-2012, 09:01 AM
Franc Tireur Franc Tireur is offline
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Quote:
Originally Posted by bxy View Post
Yes I have: Jill Stein
There is an interesting article about Jill:

Meet Jill Stein
http://www.usatoday.com/news/opinion...ial/57837680/1

The problem is that most mainstream media owned by the two main political parties are controlling access of the political debates and good luck for the outsiders to be heard by the public. The mainstream media are just a gigantic machine of propaganda and indoctrination.

The whole thing is rigged!

Last edited by Franc Tireur; 09-28-2012 at 09:28 AM.
 
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Old 09-28-2012, 10:18 AM
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A little to go along as in compliment with NE's observation. Jill Stein qualified for matching funds, certainly a milestone, and our illustrious gvt admits she qualifies, but these funds have not been delivered.
 
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