BEYOND FED TRANSFERS AND DEBT: 95% Of Americans Are Getting Poorer Every Year

[stockholmer]

Here's the Great Game: mask the nation's rising wealth inequality with Central State spending that keeps the debt-serfs passive--all funded by debt, of course.
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While we may not make that much stuff in America any more, we can say that the nation's gigantic wealth inequality is totally Made in the U.S.A.

Before we examine the data in some charts, I want to stipulate that great wealth in and of itself does not make a person an "enemy of the people" or threat to democracy. I confess to having generally lumped the top 1% of wealth holders into one category, something I have decided to stop doing, as this misses two critically important distinctions:

1. Not all wealth is created equally. Compare Steve Jobs, who is a billionaire for developing and selling "insanely great" mass-market technologies that people willingly buy because it enhances their lives, with a person who made his $1 billion by insider trading or misrepresenting the risk of his company's stock (basically the same thing). (If you need a hint here, think "Countrywide" or "Enron.")

Clearly, there is a distinction between those two fortunes: one created value, employment for thousands of people, and tremendous technological leverage for millions of ordinary people. The other enriched one crooked insider via trickery and deception.


Read more: http://www.businessinsider.com/made-in-usa-wealth-inequality-2011-7#ixzz1SH4Dc5S3

just some of the many charts:






Here's a snapshot of just how debt-based that phony "prosperity" was:

[midnight]

1. It does not matter to our elected officials... They still want us to

believe we owe the richest an easier time....

[NYC_SKP]

2. Wow. If the top 5% had 25% of the wealth, it would be really, really disturbing... But...

the top 5% have 73%.

Or, three times what would be merely "really, really disturbing".

Need another adjective...

x(

[OHdem10]

3. Economic Conservatism in Both Parties--This is the plan.

Please listen when they say we must compete with China.

The Bunch in DC talk out of all corners of their mouth.
Listen to the Governors.

Making this a Right to Work COUNTRY is no pie in the
sky. Kasich has explained. States have to compete
with each other. According to Kasich, Jobs leave
Ohio to go to RTW States. Ohio has to be able to
compete to bring jobs to OHIO.

Globalization Goal: to equalize standard of living
around the world. Greed in this country drove Trade
Policy(no mgt or oversight) Deregulation --the Mfg
base was gutted. Jobs sent overseas. Instead of
insisting that 3rd world countries standards be lifted
the first world is now lowering their standard of
living.

We can thank Conservative Economic Fundamentalis
(FREE Market Principles) also known as no taxes
and no Regulations.

The Conservative Republicans and Conservadems just
asked for a bigger shovel instead of trying to get
out of the hole.

[Starry Messenger]

4. recommend.

[Wilms]

5. ^

[kenny blankenship]

6. And the Bubble Blowing continues! QE3 has been announced (hasn't started yet)

ALL that funny money is going straight into markets for paper assets without passing through the real economy. Who will pay for the bill for continuing the speculative adventures of the already rich? You know who!

[Scuba]

7. K & R