Class Warfare

Posted on 2:55 PM by Isaac | 2 comments

In my evening perusal of the various news outlets i ran across this piece of information from WorkingAmerica.org

source

Increasing income disparity in the US puts us worse than or on par with much of Latin America in that category.

A former economic advisor to George W. Bush and John McCain is advocating lowering the minimum wage.

Someone making $100 million per year pays a tax rate just two points higher than someone making $175,000 per year.

Wall Street bonuses are expected to rise this year.

Businesses with rising profits are not hiring more workers.

CEOs who lay off more workers get paid more.

Senator David Vitter represents a state where the average household income is $43,635, but he looks out at an audience and tells them that a plan to repeal a tax cut for households making more than $250,000 per year would affect “virtually everybody in this audience.”

Senator Jon Kyl is fighting to protect tax cuts to the wealthiest. He also fought to block an extension of unemployment benefits to struggling families in an attempt to get an estate tax bill that would benefit…you guessed it, the very wealthiest families.

55% of all adults in the workforce say that since the recession began they have been unemployed, had their pay cut or their hours reduced, or become involuntary part-time workers.

Former House Majority Leader Tom DeLay says jobless workers don’t go back to work because of unemployment benefits.

JPMorgan Chase pretty much agrees with DeLay.


i would encourage you to look through the links. Indeed, this is what class warfare looks like. Historically, Capitalism has never really been a whole lot of fun for the Diaspora. Slavery was economic it was free labor, post reconstruction Jim Crow segregation was economic and is apart of the continuing practice of locking the Diaspora out of the economic system and creating an underclass.

I personally have always viewed capitalism along with any other gov't institution or entity as a tool. Something to be manipulated by those in position. And as a result the focus for me as been how do we put ourselves in that position, because lets face it at this point its an inescapable reality of our existence here. With this recession showing me how vulnerable we really are, showing me how vulnerable i am to the fluctuations of a market that was put in peril by people who will be insanely rich irrelevent of the my condition, of our condition has really pushed me further toward smashing the whole fucking thing.

As the Owl of the Asylum would say. The only God in this country is Adam Smith. It way overdue for us to start making move on several levels.

2 comments:

Owlasylum said...

55%? Over half of the workforce has had to reduce their income from half to none, or hopes of unemployment insurance? Dude...

I knew it was bad, but I didn't realize how bad. The Middle class can either realize they are simply cogs in a machine being driven by a very greedy and desperate few who would work to dry this planet of every ounce of life if it meant they could live in luxury for five seconds more than the rest of us. Damn.

Indeed...and in deed...the Owl of the Asylum would definitely say Adam Smith is the US' god...and what a lord he is...

Isaac said...

this recession is a major exposure of just how much of a lie upward movement social mobility and capitalism really is and the rabbit hole only gets deeper and deeper. This capitalist system is turning into what looks like corporate feudalism.