(door Paul Buchheit en ondersteunt door onze redactie)
AMSTERDAM-NOIR- Disposable Americans: Extreme Capitalism and the Case for a Guaranteed Income(Critical Interventions). Poetin is de Bliksemafleider van armoede veroorzaakt door de kussende EU en NL Graai en Naai-Elite.
While wealth continues to rush, not trickle, upwards, low-income families are going backwards as the average net worth for the poorest half of America decreased from $11,000 to $8,000 since the 2008 financial crash in the US. In Nederland is het niet veel anders sinds het aantreden van de ‘Omgekeerde-VVD Robin Hood Rutte’(Video) en zijn afwisselende ‘Judas-Partijtjes PvdA, CDA, D66, CU, SGP en GroenLinks’.
Thirty+ trillion ‘Blood- dollars’ over de rug van 15 miljoen kinderen die jaarlijks streven van de honger(Video)
That’s nearly a third of ALL our current wealth, newly created and distributed to the richest 10%, who are mostly white Elite-Gangster millionaires. These fortunate takers profited mainly from the stock market, which has more than tripled in value since the end of 2008.
The Stunning Numbers:Prinses Mabel Schatrijk met beursgang Adyen & Prins Bernhard Schatrijk met Huisjesmelken& King Willem 300 miljoen per jaar in Wonderland(Video).
Wealth statistics since the recession are provided in the Credit Suisse Global Wealth Databook. A summary of relevant data can be found here.
Post-recession data shows that about $33 trillion went to the richest 10%, who are overwhelmingly millionaires (13 million millionaires, 12.6 million U.S. households!). That nearly doubled the wealth of each member of the richest 10%. Average net worth is now $14 million for each 1% household, and the greater part of a million for even the ‘poorest’ household in the top 10%. In comparison, average net worth for the poorest half of America decreased from $11,000 to $8,000 since the recession.
A Gift to Rich White (and Asian) Households
The conclusion that $30 trillion went to white households is based on various reliable sources. The Washington Post references Federal Reserve data that estimates combined Black/Hispanic households as about 7% of all millionaire households (about 2% of 40 million Hispanic and Black households), and thus accruing about $2.5 trillion of that total $33 trillion decade-long gain. Statista, on the other hand, estimates that Black/Hispanic households make up 15% of all millionaires, which would represent a $5 trillion gain since the recession. Asian-Americans, with just 7 million households, are millionaires at about the same rate as white Americans. By the best estimates, the ten-year gains by White/Asian households is close to $30 trillion.
Instead of Reparations, an Economic Lynching
About halfway through the post-recession decade, in 2013, the National Association of Real Estate Brokers estimated that African-Americans had lost over HALF their wealth because of the sub-prime mortgage scandal and the loss of jobs. Although a Federal Reserve survey found that Black and Hispanic households had regained up to half their losses by 2016, Pew Research concluded that the median net worth in 2016 for middle-income Blacks and Hispanics and lower-income whites was still only half as much as in 2007. Other sources make it clear that the wealth gap between whites and the two main minority groups have grown significantly since 2008.
There’s no question that Blacks and Hispanics have lost more than white families since the recession. And it’s getting worse. A shocking recent report from Prosperity Now and the Institute for Policy studies calculates that based on current trends median wealth for black Americans will HIT ZERO in the next 35 years — Latino Americans two decades later.
A USA Today story says it best: “A century and a half of progress wiped out.”
How Did It Happen?
At least since Ronald Reagan the emphasis has been on individual gains, and on blaming poor people for being poor. Rich white Elite-gangsters Americans&Dutch have continued to redistribute wealth to themselves through the stock market. People who relied on middle-income home ownership and savings accounts went backwards.
There is considerable evidence for the correlation between increasing wealth and decreasing empathy for less fortunate people. Privileged white Americans generally believe they deserve everything they have, because they feel they’ve worked harder than others; thus they’ve steadily lost the ability to see the great disparity in opportunity that has drained wealth from the bottom half of America and Holland and the EU.
What Do We Do?
Elect progressive candidates in November. Get Sanders and/or Warren in the White House in 2020. Help non-white and poor white Americans to understand that this is the only path to opportunity, and eventually to greater equality. En stem in Nederland op de Stem van de Straat partij en wordt Wakker en kijk naar de Stem van de Straat/SaltoTV.
American Wars: Illusions and Realities.
When many Americans hear that the US may go to war against another nation, they tend to believe there’s probably a good reason for it or that no viable alternatives existor they don’t think about it at all. They trust their leaders to represent them and defend their values. They accept their leaders’ claims that war is to ensure their safety when others wish to harm them. The parties of war play on Americans’ basic values to bring them online. The media reassures them that the reasons for war are altruistic that Americans wish to spread democracy and allow others to adopt their way of life. But is this the case? With 24 compelling illustrations, maps and graphs, this book is intended to serve as a tool for peace advocacy. Well known peace advocates respond to 19 of the most common illusions held by the American public which weaken their opposition to Washington’s wars. “The American way of war offers a nonstop supply of illusions—while imposing horrific realities far away and, ultimately, at home too. This book is intent on dispelling key illusions and coming to terms with human realities. Between the covers of American Wars, the result is a compendium of insights and hard-won knowledge of the sort you’ ll rarely find in the daily paper or the evening news. The writers are myth-busters who challenge the conventional lack of wisdom that drags the United States into one war after another and keeps us lethally mired in a warfare state. This collection provides us with an array of vital perspectives, opening up a crucial topic that usually remains shut down— what American wars are doing to humanity, under false pretenses and with calamitous results, around the world and in our own neighborhoods. The future is at stake. This book helps us to understand the perils and opportunities of the present moment. —NORMAN SOLOMON, author of War Made Easy “With the War on Terror threatening to go on for decades, it’s critical for Americans to examine the myriad ways our government has tricked us into supporting unjust wars, with catastrophic consequences for all sides. American Wars uncovers a tragic pattern that must be broken. Read it and act.” —MEDEA BENJAMIN, Code Pink “This country needs a moral revolution where supporting work for peace and justice is not seen as weakness. The voices heard in this work truly “speak truth to power.” This book addresses issues that will empower the reader to more fully appreciate the ethical challenges America faces and to effectively participate in this change. Its accessibility will attract, inform and inspire the next generation of peace activists.” —RAY PARRISH, Vietnam Veterans Against the War
Paul Buchheit is a college teacher, an active member of US Uncut Chicago. His latest book is, Disposable Americans: Extreme Capitalism and the Case for a Guaranteed Income. He is also founder and developer of social justice and educational websites (UsAgainstGreed.org, PayUpNow.org, RappingHistory.org), and the editor and main author of “American Wars: Illusions and Realities” (Clarity Press). He can be reached at paul [at] UsAgainstGreed [dot] org