Posts Tagged ‘wealth’

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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

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Super rich are getting super richer

“Data confirm that the shares of income and wealth held by affluent families are at modern historically high levels,” the report said. “The gains in income and wealth shares have been concentrated among the top few percentiles.”

The report also looked at Americans’ earnings. While the median income of all Americans fell by 5% between 2010 and 2013, the mean income increased by 4%. That means gains by the wealthiest segment of the population pulled up the average.

Happy Labor Day (not)

Posted: August 29, 2014 in -
Tags: , , , , , ,

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Kick off Labor Day weekend with some depressing charts

This is what happens when a large chunk of the working class takes their marching orders from billionaire fronts – Fox, right wing think tanks, etc.

Dear deluded right wing working class person–

The billionaires hate “big government” the kind that helps people in need, because they are not people in need. It is not in their interest to have revenue flow toward people who are not them.

You, on the other hand, will likely be in need, particularly as you age and find that food, shelter and medicine are unaffordable. Without Social Security, Medicare and other “big government” assistance, which is social insurance, you may find yourself on the street being eaten by wild dogs. That’s what “big government” has grown up to prevent from happening — THE WAY IT USED TO BE.

Government needs to be exactly as big as it needs to be to do the most good for the most people. The problem is that the priorities are largely focused on doing harm, erasing civil liberties, waging perpetual wars, and getting away with murder and pillage around the world.

Charts like the above don’t happen in a vacuum. They are the product of numerous changes, including globalization, the rigging of the tax code in favor of billionaires and hiding money off-shore. As more wealth is sucked out of the economy into private, off-shore accounts and foreign investments YOU, the American workers, grow poorer. Your environmental protections and worker safety laws are attacked in order to make you more like a third world worker who has no rights, breathes toxic smog without complaint, earns peanuts, and is disposable (THE WAY IT WAS RIGHT HERE PRIOR TO THE 1930S).

And that’s the way it is…

 

 

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World economic system is ‘madness’, puts money ahead of people, 

It’s enough to get me to go to church. You go, Pope Francis…

“We discard a whole generation to maintain an economic system that no longer endures, a system that to survive has to make war, as the big empires have always done,” he said.

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So this is what our western civilization has come to…

 

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There are so many movies, but so few good ones, that I was happy to stumble upon Oscar Wilde’s tale of debauchery and Faustian bargains. For free on Hulu right now: http://www.hulu.com/watch/562422

Colin Firth and Ben Barnes really breathe life into this classic tale. The production is raunchy enough to do Wilde proud, and a modern score pulses and warps the world. They could have gone even more exploitative but opted instead to retain a bit of class. It’s an interesting story, and it can be viewed from several angles.

In one sense Dorian is the ultimate English aristocrat, with power and wealth, and he exists above the law. With these perks his moral compass slides off into oblivion. Unrestrained by the rules that apply to most, the young and attractive lord becomes a Nietzschean superman. Inevitably his excesses lead to regrets and misery. Yet he soldiers on.

From another angle it’s a Frankenstein’s monster story, one of a social mentor and apprentice. Jolly good show.

4/5