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California: better to KILL the poor than TAX the rich

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California: better to KILL the poor than TAX the rich
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Quite frankly, people are going to die,” says Bonnie Castillo of the California Nurses Association. “The vulnerable, the sick, children, the elderly, are all going to have the rug pulled out from under them.” [link here]


Here's a second quote, this one being words of wisdom more than 2,000 years old.


An imbalance between rich and poor is the oldest and most fatal ailment of all Republics.” - Plutarch



I would guess there are one or two readers out there who would find this title offensive. Hopefully, there are a much higher number of readers who are more interested in the truth. The truth is that for at least the last 30 thirty years, the filthy-rich have become steadily filthier. Except for a very small cross-section of moderately wealthy Americans, everyone else has been getting steadily poorer for decades.

 


For further evidence of the preference in U.S. society to kill the poor, instead of taxing the rich, I offer CNN's latest mindless musings from June 10th:


The Golden State's only real option is to make big cuts now and balance its books.”


As I just finished pointing out, the billionaires and members of the hundred-million “club” are sitting on more than enough hoards of plundered wealth to bail-out California from this fiscal catastrophe. California's government lacks the will to tap into these idle billions, while California's residents lack the wits to force their government to engage in the only humane means of dealing with the crisis. This despicable fact is true in all of the world's wealthiest nations, the trend is simply even more extreme in the United States.


The numbers don't lie.


The top 1% of the U.S. population holds 35% of all wealth, and 56% of all stocks. Now you understand why U.S. government-puppets place such enormous importance in propping-up U.S. equity markets. However, this isn't the end of this “demographic horror-story”.


The top 20% of wealthiest Americans hold 85% of all wealth. Put another way 80% of all Americans hold only 15% of the wealth. These are wealth-distribution numbers which you would expect for a poor, Third-World nation.


It is long past time for Americans to jettison several “conservative” myths which are invariably reported as facts in the U.S. corporate-media. Let's start with the “grand-daddy” of all conservative myths: the “trickle-down theory”.


This economic tripe peddles the ridiculous concept that our economies should be structured in order to enable the accumulation of vast, individual fortunes. The justification for these gross concentrations of wealth is that for each dollar the rich obtain, a few pennies will slip through their greedy fingers into the hands of the impoverished masses.


Of course, right-wing propagandists never explain it in those terms. This is simply how the “trickle-down theory” actually operates in the real world.


Again, referring to the numbers above, for every new dollar of wealth generated in the U.S. , 35 cents goes to 1% of the population, 45 cents goes to the next 19%, while for the majority of Americans (which includes not only all the poor, but the entire “middle class”), roughly 80% get to divide up 15 pennies. Now you know why the propagandists choose the word “trickle”.



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