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Income Inequality

Half of America owns only 2.5% of the wealth. Top 1% owns 33.8% of the wealth.

Distribution of Wealth in the US

It is not getting better. One of the most disturbing trends in this country is the rise of extreme wealth and income inequality. Most of us are not free men. We are shackled by our impossible financial deficits that makes it necessary to do anything to earn our daily bread. Anything beyond that is only a dream. Welcome to the Matrix.

As the charts show, America is rapidly becoming a country of a few million overlords and three hundred million serfs. How did we get here? You need to take the red pill to explore the reasons and the underlying mechanism that perpetuates world wide modern day slavery.

Unfortunately, this issue has been politicized, which means that people don’t think about the implications of it — they just start yelling.

But extreme inequality is bad for everyone, even the overlords.

Why?

Because when inequality gets bad enough, serfs don’t have much money to buy products from overlords. This hurts the overlords’ ability to get even richer.

(That’s what’s wrong with the American economy right now. The serfs are tapped out. The overlords are responding by firing more serfs, to increase profits. Unfortunately, because one person’s “costs” are another person’s “wages,” this is making the problem worse.)

The best way to fix inequality is not to tax most of the overlords’ money and give it to the serfs. That just inflames “class warfare” and gets people yelling about “socialism.”

The best way to fix inequality is to persuade the overlords that it is in their best interests to share more of their wealth by paying their employees more for their hard work (work that, not incidentally, is what makes the overlords rich).

In other words, the best way to change this is to persuade companies that it’s better to focus on creating value rather than just profit.

Persuading America’s overlords to do this will take a while, though.

In the meantime, it’s important that everyone understand just how extreme the inequality in this country has become.

It’s way worse than most people think it should be. And it’s way worse than most people think.

Read more:

http://www.businessinsider.com/wealth-and-income-inequality-in-america-2013-4

http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4

http://www.businessinsider.com/new-charts-about-inequality-2011-11

23 Charts Of Rising Inequality That Will Make You Worried About The Future

http://www.businessinsider.com/charts-on-us-inequality-2014-4

 

http://rockcenter.msnbc.msn.com/_news/2012/07/19/12842350-investigation-reveals-claims-of-unmanageable-debt-by-for-profit-college-students

A comment posted in above link summarizes the issue:

It is unfortunate that many people find themselves in a position to repay more debt than they earn income necessary to maintain concurrent payments. I too was ignorant of the repercussions associated with using financial aid and taking out student loans. Additionally, I had no clue where to start researching schools which offered the best program for my desired profession.

After working for one of the named for profit universities I became well educated of the do’s and do not’s of financial aid. This information is readily available to all students online. After assisting many other students decide on a program and curriculum to fit their needs I saw the importance of researching a school as a consumer.

It seems the responsibility falls on the government and the consumer. Financial aid funds are given and the government enables students to abuse the privilege of education as a means to gain income.

Responsible borrowing is not being practiced. It seems a futile battle to pursue judgement against for profit universities, wasting money investigating their bottom dollar rather than educating the consumer. How many of us who need financial aid understand how to use it?

It is the student’s responsibility to seek an education which will appropriately prepare them for their future career. Education is an investment and given the state of the economy many investments do not have a good payout. Some majors will ensure a job after college and some will not.

Ultimately it boils down to the individual. Buyer beware. Supply and Demand. Demand a better education for your dollar and research which schools will provide what you need.

The utter failure of the American people to stand up in a sustained manner was a message to the elite, that the rape of the nation would not be opposed.

Soon the next round of bailouts will commence, it too will be met with stone faces and feet of clay.

What is wrong with the American Empire? How did we get here, to a system of Corporate Dictatorship that only seeks profit and power yet does not care about the average folk? Chris Hedges explains.

 

You think that’s air you are breathing?

You think that’s news you are watching?

The American media control by global elite is nowhere more effective than the news about Israeli-Palestinian conflict. One of the missions of the Jewish lobby (mainly AIPAC) is to keep the American public in the dark, in a dream, in an illusion that keeps Israel’s image in good standing, so that the U.S. government can continue to support Israeli policies without concern about public backlash. Most of the world is aware of the illegal occupation of West Bank and the blockade of Gaza and various human rights offenses that rival Nazi war crimes. UN has condemned Israel numerous times and U.S. has unilaterally blocked U.N. action against Israel in each and every case.

Here is a documentary that tells how the media keeps the Americans in the dark so that Israel may enjoy their continued support:

Educational system, as we have it today, indoctrinates the public to become obedient workers at increasingly shittier jobs and make them believe that that is how life is supposed to be. We are thought to know our place in the hierarchy and be passive, subservient resources that can be utilized, pushed around and laid off for  maximum profit. Creativity, critical thinking, questioning the authority is left out of the system. Students go to college, pile up excessive debt that will take years to get out of, and then they graduate with little options but take any job that pays very little when debt payments are considered.  The availability of loans are pushing education expenses higher so that more and more students have to borrow if they hope to get ahead in the rat race. Then they end up paying hard earned money for interest + principal, the money that was created out of thin air by the banks at the time they borrowed. Half the population who could do the work for themselves (in employee owned corporations) end up working for companies owned by the rich elite. Many see no problem in borrowing at interest from private bankers to fund their education, to buy their car, to buy their house, to fund their business because nobody thought them how money is created in our society.

Here is an interesting video: Noam Chomsky discusses the purpose of education, impact of technology, whether education should be perceived as a cost or an investment and the value of standardised assessment.

Presented at the Learning Without Frontiers Conference – Jan 25th 2012- London

More from Chomsky: Education is Ignorance

The American Dream

“There’s a reason education SUCKS, and it’s the same reason that it will never, ever, ever be fixed. It’s never going to get any better, don’t look for it, be happy with what you’ve got. Because the owners of this country don’t want that. I’m talking about the REAL owners, now. The REAL owners, the BIG WEALTHY business interests that control things and make all the important decisions — forget the politicians. The politicians are put there to give you the idea that you have freedom of choice. YOU DON’T. You have no choice. You have OWNERS. They OWN YOU. They own EVERYTHING. They own all the important land, they own and control the corporations; they’ve long since bought and paid for the Senate, the Congress, the State houses, the City Halls; they’ve got the judges in their back pockets, and they own all the big media companies so they control just about all the news and information you get to hear. They gotcha by the BALLS. They spend billions of dollars every year lobbying — lobbying to get what they want. Well, we know what they want — they want MORE for themselves and less for everybody else. But I’ll tell you what they don’t want. They DON’T want a population of citizens capable of critical thinking. They don’t want well-informed, well-educated people capable of critical thinking. They’re not interested in that, that doesn’t help them. That’s against their interests. That’s right. They don’t want people who are smart enough to sit around the kitchen table and figure out how badly they’re getting FUCKED by system that threw them overboard 30 fuckin’ years ago. They don’t want that. You know what they want? They want OBEDIENT WORKERS. OBEDIENT WORKERS. People who are just smart enough to run the machines and do the paperwork, and just dumb enough to passably accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime, and the vanishing pension that disappears the minute you go to collect it. And now they’re comin’ for your SOCIAL SECURITY MONEY. They want your fuckin’ retirement money. They want it BACK. So they can give it to their criminal friends on Wall Street. And you know something? They’ll get it. They’ll get it ALL from you sooner or later — ‘cuz they OWN this fuckin’ place. It’s a big CLUB. And YOU AIN’T IN IT. You and I are NOT IN the big club. By the way, it’s the same big club they use to beat you over the head with all day long when they tell you what to believe. All day long, beating you over the in their media telling you what to believe — what to think — and what to buy. The table is tilted, folks. The game is rigged. And nobody seems to notice. Nobody seems to care. Good honest hard-workin people — white collar, blue collar — doesn’t matter what color shirt you have on. Good honest hard-workin people CONTINUE — these are people of modest means — continue to elect these RICH COCKSUCKERS who don’t GIVE a fuck about them. They don’t give a fuck about you, they don’t GIVE A FUCK ABOUT YOU. T HEY DON’T CARE ABOUT YOU — AT ALL. AT ALL. AT ALL. You know? And nobody seems to notice, nobody seems to care … that’s what the owners count on, the fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that’s being jammed up their assholes every day. Because the owners of this country know the truth — it’s called the American Dream … ‘cuz you have to be asleep to believe it.”

George Carlin on “The American Dream”. The greatest 3 minutes of his career, and the final 3 minutes of his career.

Watch on Youtube:

Watch other George Carlins Videos here.