Posts Tagged ‘inequality’

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We are ruled today by billionaire psychopaths who have captured the government, the regulatory processes, the foreign policies, and the tax code. Both parties are responsible, and it’s a fairly straight line to hell.

#PLUTOCRACY

#OLIGARCHY

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Telesur – Here is a photo of a young Stephen Hawking (with the canes) in London marching against the war in Vietnam in 1969.

More than 30 years later he spoke out fervently against the war in Iraq. He also joined the BDS movement against Israel, calling the situation “like that in South Africa before 1990. It cannot continue.”

He wasn’t just one of the most brilliant minds of our times, he was also someone with a social conscience and critical of capitalism, saying:

“If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever-increasing inequality.”

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NYT:
A Tax Plan to Turbocharge Inequality

Also known as “Heads I win; Tails you lose.”

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While the ignorant put a billionaire in power, oblivious to the realities of the economy, what’s dragging America down rapidly is this inequality between rich and poor. Trump’s scapegoats: foreigners, blacks, liberals, Muslims, do not have anything at all to do with the rigging of the economy by the predatory rich. His finger pointing is a Hitler-like propaganda technique from a Hitlerian little demagogue who needs to go a.s.a.p.

World Inequality Report

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OXFAM recently noted:

Since 2015, the richest 1% has owned more wealth than the rest of the planet … Eight men now own the same amount of wealth as the poorest half of the world

AN ECONOMY FOR THE 99%

False assumption #1: The market is always right, and the role of governments should be minimized. In reality, the market has failed to prove itself the best way of organizing and valuing much of our common life or designing our common future. We have seen how corruption and cronyism distort markets at the expense of ordinary people and how the excessive growth of the financial sector exacerbates inequality. Privatization of public services such as health, education or water has been shown to exclude the poor, and especially women. 2.

False assumption #2: Corporations need to maximize profits and returns to shareholders at all costs. Maximizing profits disproportionately boosts the incomes of the already rich while putting unnecessary pressure on workers, farmers, consumers, suppliers, communities and the environment. Instead, there are many more constructive ways to organize businesses that contribute to greater prosperity for all, and plenty of existing examples of how to do this. 3.

False assumption #3: Extreme individual wealth is benign and a sign of success, and inequality is not relevant. Instead, the emergence of a new gilded age, with vast amounts of wealth concentrated in too few hands – the majority male – is economically inefficient, politically corrosive, and undermines our collective progress. A more equal distribution of wealth is necessary. 4.

False assumption #4: GDP growth should be the primary goal of policy making. Yet as Robert Kennedy said in 1968: „GDP measures everything except that which makes life worthwhile.‟ GDP fails to count the huge amount of unpaid work done by women across the world. It fails to take into account inequality, meaning that a country like Zambia can have high GDP growth at a time when the number of poor people actually increased. 5.

False assumption #5: Our economic model is gender-neutral. In fact, cuts in public services, job security and labour rights hurt women most. Women are disproportionately in the least secure and lowest-paid jobs and they also do most of the unpaid care work – which is not counted in GDP, but without which our economies would not function. 6.

False assumption #6: Our planet’s resources are limitless. This is not only a false assumption, but one which could lead to catastrophic consequences for our planet. Our economic model is based on exploiting our environment and ignoring the limits of what our planet can bear. It is an economic system that is a major driver of runaway climate change.

 

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Trump’s 17 cabinet-level picks have more money than a third of American households combined

 

Read that again. And again until it sinks in.

When tiny-hands makes the laws “great” again, ask yourself great for whom?

Not you.

This collection of wealth is greater than that of the 43 million least wealthy American households combined—over one third of the 126 million households total in the US.

In some ways, Americans are so dumb and detached from reality they deserve whatever they get, I suppose.

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You see that line on top? It’s going up. If you’re reading this, you’re probably not in that group. It is a deliberate program of increased INEQUALITY. That is who is in charge. And it’s about to get worse.

More charts:

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More

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Here’s How NASA Thinks Society Will Collapse

Elites grow and consume too much, resulting in a famine among Commoners that eventually causes the collapse of society.”

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Streep’s equal opportunities plea virtually ignored by Congress

The existence of Streep’s letter was first revealed in June. “I am writing to ask you to stand up for equality – for your mother, your daughter, your sister, your wife or yourself – by actively supporting the equal rights amendment,” she wrote.

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US wealth inequality – top 0.1% worth as much as the bottom 90%

There are words for this:

Plutocracy
Kakistocracy
Aristocracy
Fascism
Wealth Inequality
Bad Policy
Class War
Corruption

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Just so you know where all the money went after that “crash” of 2008. It seems not everyone crashed. In case you haven’t been paying attention…

According to Oxfam, the world’s rich are getting richer, leaving hundreds of millions of people facing a life “trapped in poverty” as global “inequality spirals out of control”.

Number of global billionaires has doubled since the financial crisis