America, Americans, Big Pharma, capitalism, CEOs, corruption, Economic inequality, Economy, Elite, fraud, GDP, Goldman Sachs, greed, Gross domestic product, inequality, Lehman Brothers, Medicare, mega-banks, mega-corporation, middle class, oligarchs, Payroll tax, plutocracy, Poor, power-hungry, Social Security, tax evasion, taxes, U.S, United States, Urban Institute, Wealthiest
If there’s any way capitalism can work, it has to be regulated. Otherwise greed takes over.
Too many Americans are unaware of the extreme disparities that have been caused by the unregulated profit incentive of capitalism. Our winner-take-all system is flailing away at once-healthy parts of society, leaving them like withered limbs on a trembling body, even as the relative few who benefit promote the illusion of opportunity and prosperity for all. Concerned citizens armed with facts are not fooled. Instead, the more they learn the angrier they get. And as in revolutions of the past, discontent leads to change.
Hacking Off the Poor Half of Society
Some wealthy and uninformed individuals have referred to the lowest-income 47% of Americans as the “takers,” who enjoy government benefits at the expense of the high-earning one percent. But their claim is meaningless. The total amount paid out in ‘welfare’ (Temporary Assistance for Needy Families) is less than the investment income of just three men in a single year.
The monthly TANF income for a family of four is less than what the average member of the Forbes Top 20 made in one second at the office.
The 47% don’t own stocks. They don’t own anything. The so-called ‘takers’ have ZERO wealth. The value of any assets owned by nearly half of the country is surpassed by their debt.
Slashing the Security of the Elderly
Recipients of ‘entitlements’ are accused by the uninformed of getting something for nothing. The opposite is true. According to the Urban Institute, the typical two-earner couple making average wages throughout their lifetimes will receive less in Social Security benefits than they paid in. Same for single males. Almost the same for single females.
Getting something for nothing? Yes, the rich are. Tax expenditures, which are deductions and exemptions that primarily benefit the highest-earning individuals, cost about 8% of the GDP, the same percentage that goes to Social Security and Medicare.
Slicing Up Justice
In the last few months American citizens, some of them children, have been arrested for:
· Looking for Indian arrowheads on federal land.
· Throwing peanuts on the school bus.
· Lying about a home address to get the kids into a better school.
· Sitting on a milk crate.
Meanwhile, not a single banker was arrested for these actions:
Severing the Head from the Global Body
If you could gather together the world’s 200 richest individuals, ask each one his or her net worth, get the actual numbers from Forbes, and then add it all up, the total would be more than the total wealth of half the population of the world, 3.5 billion people.
The U.S. is one of the greatest contributors to this shameful disparity. It’s no coincidence that we’re both the third least taxed developed country and the fourth highest in wealth inequality among all nations. It’s also no surprise, with so little revenue going to the general public, that our country is the fourth worst in the overall well-being of its children.
Castrating the Taxman
Corporations have doubled their profits and cut their taxes in half in ten years. The burden of taxes, which Oliver Wendell Holmes called the price of a “civilized society,” has been shifted to workers. For every dollar of employee payroll tax paid in the 1950s corporations paid three dollars. Now it’s 22 cents.
Globalization has allowed U.S. corporations to stop paying for national defense and infrastructure and all the benefits of the U.S. legal and educational systems. All of the following companies had sizable U.S. revenues, but they claimed losses here while declaring billions of dollars of profits overseas.
· Bank of America, with 82% of its revenue in the U.S., declared $7 billion in U.S. losses and $10 billion in foreign profits.
· Citigroup, with 42% of its revenue in North America (almost all U.S.), declared a $5 billion U.S. loss and a $28 billion foreign profit.
· Pfizer, with 40% of its revenues in the U.S., declared almost $7 billion in U.S. losses to go along with $31 billion in foreign profits.
· Abbott Labs, with 42% of its sales in the U.S., declared a $256 million U.S. loss and $12 billion in foreign profits.
· Dow Chemical, with 32% of its sales in the U.S., declared a $15 million U.S. loss against foreign profits of over $5 billion.
If there’s any way capitalism can work, it has to be regulated. Otherwise greed takes over. Blind greed. The sneering head at the top of the body watches limbs being chopped off, but it doesn’t seem to recognize that we’re all bleeding to death.
Background check, Barack Obama, Colo, Denver, dictatorship, Federal Government, Founding Fathers, Freedom, government, greed, gun control, gun grab, guns, Obama, plutocracy, power, power-hungry, restrictions, Second Amendment, totalitarianism, tyranny, U.S. Bill of Rights, U.S. citizens, U.S. Constitution, United States
President Obama wants you to know that nothing he’s attempting to do as head of the Executive Branch has been improper – or will ever be improper – because, after all, he’s constitutionally prohibited.
During a speech in Denver, Colo., in early April, the president – in town to push, not-so-ironically, his gun control agenda, told an audience he was “constrained” in his ability to act alone on the issue “by the system our founders put in place,” while verbally thrashing Second Amendment advocates who dare to say gun ownership is not just a matter of self-defense but also as a bulwark against government tyranny (as our founding fathers intended. And he did so using a now-familiar technique, and one that he has often used when pushing his agenda – hijack the language in a way that frames opponents as imbalanced and extreme.
Opponents of some of these common-sense laws have ginned up fears among responsible gun owners that have nothing to do with what’s being proposed and nothing to do with the facts, but feeds into this suspicion about government…
You hear some of these quotes: “I need a gun to protect myself from the government.” We can’t do background checks because the government is going to come take my guns away.
Well, the government is us. These officials are elected by you. They are elected by you. I am elected by you. I am constrained, as they are constrained, by a system that our Founders put in place. It’s a government of and by and for the people.”
1984, Abuse, corporations, corruption, Economic inequality, Elitists, federal courts, Federal Government, fraud, government-filtered mass media, greed, inequality, mass media, mega-banks, middle class, military, Orwellian, plutocracy, Police State, politicians, Poor, power-hungry, scam, scheme, socialism, totalitarianism, wealthy
This should explain how things REALLY operate in the U.S. and the rest of the world!
agriculture, America, Americans, Barack Obama, bill, bribery, citizens, Civil Liberties, Civil Rights, communism, Constitution, corporate, corporations, Corporatism, corruption, crops, D.C., Deadly, Death, defense, democracy, Department of Defense, economic collapse, Economic inequality, economic meltdown, Economy, email, erosion, failure, Failures, farmers, federal courts, Federal Government, Federal government of the United States, food, food supply, Fountain City Wisconsin, fraud, GMO, GMO seeds, GMOs, grandkids, greed, greedy, H.R. 933, Human Rights, immoral, kids, Legislation, legislators, Lethal, mega-corporation, middle class, monopoly, Monsanto, Monsanto Protection Act, New World Order, Obama, Occupy Monsanto, phone, plutocracy, poisonous, Poor, population, population control, power, power-hungry, President, Rights, Section 735, seeds, Sequestration, socialism, spending, Toxic, Traitor, U.S, U.S. Bill of Rights, U.S. Constitution, U.S. Defense, U.S. Defense budget, U.S. Government, U.S. House of Representatives, U.S. Senate, unethical, United States, United States Department of Agriculture, United States Department of Defense, United States of America, unprotected, Voters, Washington D.C., Wasteful Spending, White House
I regret to inform you that late Tuesday night, March 26, 2013, President Barack Obama, signed bill H.R. 933 into law which had the biotech rider known as the “Monsanto Protection Act” in it. Now, the citizens of the United States have NO protection from the evils of Monsanto’s poisonous GM seeds!
(In 2007) Obama Promises to Label GMOs: http://www.youtube.com/watch?v=zqaaB6NE1TI&list=PLswFQy8PadF8VupmNAy5Gr2l7MvYAGtU8&index=5
Our highest elected official not only ignored the will of over 90% of Americans, but he systemically and systematically continued to strip away the rights afforded to citizens under the U.S. Constitution and Bill of Rights! Obama just handed Monsanto a very early Christmas present by allowing them to completely overstep our federal courts, and continue to plant their toxic seeds. Now, nothing stands in the way of Monsanto’s goal of global monopolization of the food supply! There could not have been a worse outcome for the U.S. at a time of extreme idealism and rampant corruption never seen in the history of the world! Hundreds of thousands of phone calls to the president on Monday, March 25, 2013 appeared to do nothing to convince Obama to at least strike Section 735 containing the “Monsanto Protection Act” from H.R. 933 by sending it back to congress for removal.
By the way, H.R. 933 is a defense SPENDING bill of almost $1 trillion for fiscal year ending September 30, 2013 during a time of Sequestration! Don’t worry though, because President Obama will take more from the middle class and poor to pay for an already over-bloated defense budget! This will just make even more Americans dependent on the U.S. Government, and that is exactly what happens during a switch to socialism in a plutocracy not a democracy. Soon enough, the rights of the American people will be more eroded than a communist nation as the New World Order comes to power!
It is time to let your president know that what he signed into law is completely unacceptable, immoral and unethical! Do you want to eat genetically modified food that is slowly killing you? That’s exactly what it is doing! Our government likes to think of it as population control. Do you want your kids and your grandkids eating toxins that will bring about a slow and painful death? Call or write President Obama today to let him know that he needs to listen to the will of the citizens of the United States of America, and he must stop acting upon corporate interests and greed over a country on the verge of total economic collapse!
Take action here:
President Obama’s email address: http://capwiz.com/politicsol/mail/?id=3181&lvl=F&chamber=P
White House phone number: (202) 456-1111
*NOTE* Check my archives for more information on our government’s love affair with Monsanto!
by John Loeffler – Fountain City, Wisconsin