62 People Own Half the Wealth of the World

In a global economy where money isn’t infinite and 62 people own half the wealth of the world, debt is used to fill the income gap to maintain the facade on our standard of living in order to benefit a few.  This is not sustainable.

Buzzwords like “socialism”, “communism” and “capitalism” only serve to divide and conquer while governments and politicians are just pawns with the exception of a very few.

Where is all the money going? Not to the masses. Yet those few who benefit continue to push for more spending cuts and austerity measures that will never recuperate what a few take out of the global economy. This doesn’t even take into account the human cost, diminishing middle class. or the rise of extremism that comes with economic hardships.  Many of the financial problems that plague countries are only symptoms.  The main cause is income inequality.  You can’t make a middle class out of a sow’s ear. Don’t be fooled.

Here are the debt clocks of the world’s two largest economies as of September 29, 2016:

National Debt of China

National Debt Clock: China

National Debt of the United States

National Debt Clock: United States

In a global economy where money isn't infinite and 62 people own half the wealth of the world, Debt is used to fill the income gap to maintain the facade on our standard of living which is not sustainable.

National Debt Clocks
Oxfam: 62 people own the same as half the world
The Guardian: China’s debt is 250% of GDP and ‘could be fatal’, says government expert
The National Interest:The World’s Number 2 and 3 Economies Have a Massive Debt Problem
The Wall Street Journal: Congress Passes Spending Bill to Keep Government Running Through Dec. 9

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The Reality:

At a time when Americans are facing an income gap and childhood poverty not seen since 1929, contrary to what Republicans are saying it’s not public assistance programs that are driving up state deficits.

It’s Medicaid. And death should not be the only option. The only way to rein in costs is for the government to do so. Private for profits don’t look after American’s well-being. The government should instead of catering to corporations’ well-being.

For all the criticism, any access to healthcare is better than none.

Ignorance is not bliss.  It’s costly and dangerous.


Source: The National Association of State Budget Officers

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D-Day II, Republican National Convention, Cleveland, Ohio July 18, 2016

D-Day II,  #RepublicanNationalConvention #Cleveland, Ohio  July 18, 2016(For the young ones, D-Day was June 6, 1944 in World War II on which Allied forces invaded northern France to liberate Europe from the Nazis.  Now it’s time to liberate America.)

Throughout history when there are economic hardships it has led to extremism.

The struggling American working class is no exception.  However, we must learn from history and stop its spread in every state.

2016 US House of Represenatives

All 435 US House seats are up for election this November: http://www.270towin.com/2016-house-election/

As if the usual tax breaks for the wealthy and cuts for the poor weren’t bad enough:

 Here’s the  2016 GOP Platform:

Build “The Wall”
A 2,000-mile wall along the Mexico border

“Mexican government must assume responsibility for the cost. Trump says he will impound remittances derived from illegal wages and increase fees on some temporary visas and border crossing cards until Mexico agrees. Trump often says the cost of the wall is “a tiny fraction of the money” the United States loses to Mexico in trade deficits.”  How about protecting workers instead?

Christian Bible required reading in public schools as part of “American History.”
Akubar Republican?

Seeks to overturn the Supreme Court’s ruling making same-sex marriage legal in America.
So much for no government intrusion, liberty and the pursuit of happiness.

Amendment endorsing anti-gay ‘conversion therapy.
Hitler’s SS Dr Carl Værnet didn’t succeed either.

Proposal calling for a complete end of governmental intervention in parenting.
This will defacto allow parents to keep their children not vaccinated, uneducated, and give them free rein to beat their offspring to their heart’s content.  Aside from stupidity, note the hypocrisy. i.e. Marriage, women’s’ rights..

Declaring pornography a “public menace” and “public health crisis”;
not mentioned are lack of healthcare, guns, or homelessness

Other proposals called for Federal land to be gifted back to the states, and that food stamps are unconstitutional.
What?? Makes as much sense as Sarah Palin.

Declares coal “an abundant, clean, affordable, reliable domestic energy resource”.
I presume they’ve never heard of black lung disease.

Emerging Republican Platform Goes Far to the Right

The Republican Party Has Released Their Platform For The 2016 Convention, And It Is INSANE

The GOP Platform Draft: The Stuff Nightmares are Made Of

The actual 2016 GOP Platform sugar coated version chopped up into sections as if it were trickle down economics:

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Employer-based Retirement Plan Access and Participation across the 50 States

At a time when 30 million WORKERS report they do not have access to an employer-based retirement plan while companies are doing exceptionally well

Employer-based Retirement Plan Access and Participation across the 50 States

And Social Security changes cut income for retirees instead of expanding it to fill the gap,

I’m voting for Bernie Sanders because you cannot maintain a middle class with a sow’s ear.

Having two opposite objectives simultaneously are not possible if we want our seniors to live with dignity and not poverty.

We need to change our priorities as a nation and government has to be the catalyst, because the trickle down economic catalyst of 34 years is a failure.

If politicians want to run the country like a corporation, then do it.  You don’t fleece a corporation and expect it to have success.  The same goes for this country.

Republican Moocher. Mooch: to get or take without paying or at another's expense; sponge:


Could I have more ice, Flo?..

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Millennials: Don’t Blame Baby Boomer Voters


Many Millennial are perplexed by Baby Boomer choices in the current election cycle considering the State of the Union and economy.

Barring any personality or religious reasons, there are several things to consider:

Baby Boomers grew up during a prosperous and more equitable time in America’s history when it was possible for the majority to be self-sufficient and there was an economy to sustain it.

Anyone who wasn’t self-sufficient had to “try a little harder” and it wasn’t necessarily a fallacy for the majority.  Thus their disconnect from current economic realities.

Baby Boomers owe their prosperity to their parents, “The Greatest Generation” who grew up in the United States during the deprivation of the Great Depression.  Many of baby boomers’ parents remembered the economic hardships of The Great Depression (1929-39) which was the deepest and longest-lasting economic downturn in the history of the US as young adults.  It was baby boomer’s parents that helped ushered in The Great Society that was a set of domestic programs in the United States launched by President Lyndon B. Johnson (D) in 1964–65. One of the main goals was the elimination of poverty.

But since Baby Boomers grew up during the Cold War and a time of prosperity, they forgot their parent’s struggles; not unlike we’re facing today.

Odd Bedfellows: The Cold War and the Wealthy

Did the United States really win the Cold War?  Without a single missile, a warped ideology of communism and capitalism has facilitated in the demise of the American middle class.

Most of us who grew up during the Cold War have a tendency to forgive abuses or unfairness when it comes to capitalism, but when it comes to the well-being of others or the nation, we vote against our own interest.  Political parties play into this for financial gain.  How many times have we heard the words “socialism”, “communism” and “dictator” over the last few years?
But why?

William Felice of Eckerd College traces America’s social ills back to the Cold War, when “human rights” were equated with political rights and civil liberties—not to economic and social rights, which were associated with the values of communism. The right to an adequate standard of living was not seen as the government’s special province and instead was left up to private enterprise and market forces.

The trend toward privatization is evident in President Bush’s domestic agenda, which is focused on restructuring the government-sponsored social safety net created by FDR—including the capstone of the New Deal, Social Security. Meanwhile, the gap between the super rich and the common working person continues to widen—to the point where the top 1 percent of U.S. citizens now possess more wealth than the combined incomes of the bottom 90 percent. A recent New York Times investigation of class in America revealed that despite the nation’s greater affluence, it has become even harder for Americans to move up from one economic class to another. “Americans are arguably more likely than they were thirty years ago to end up in the class into which they were born.”
Source: Carnegie Council

This Cold War mentality added with globalization has created a global Gilded Age on steroids and we’re all paying the price if we don’t change the status quo soon.

History repeats.  Let’s learn from history.

67 People Are As Wealthy As The World’s Poorest 3.5 Billion
Source: Forbes
The Richest 400 Americans have $2.29 trillion in wealth, up $270 billion from a year ago.
Source: Forbes


And we know what happened in 2008…

Income InequalityDebt has been used to fill the income gap

Debt has been used to fill the income gap of the last 30 years to benefit a few.

25 graphics showing upward redistribution of income and wealth in USA since 1979

Republican Moocher. Mooch: to get or take without paying or at another's expense; sponge:


Um, um…We need a “Religious Freedom Bill”!!

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Three words everyone should know: Income Gini coefficient

In a world where just 62 people own as much wealth as half the world’s population

62 people own as much wealth as half the world’s population

The words “communism” and “capitalism” are just buzzwords to stir emotions for world’s elite.
The words everyone needs to be aware of are: Income Gini coefficient

In an era of globalization, governments are mere nuisance but we’re all paying the price to the benefit of a few.

Cases in point:

“Communist” China gets richer but more unequal
with a Gini Index of 46.2

Just as “capitalist” America is the richest, and most unequal, country
with a Gini Index of 45.0

GINI index (World Bank estimate)

GINI index (World Bank estimate)

The amount of income disparity worldwide has exploded since 1980 with the United States and China being the biggest catalyst.

Income Gini coefficient
World, 1820–2005
Year World Gini index[10][28][32]
1820 0.43
1850 0.53
1870 0.56
1913 0.61
1929 0.62
1950 0.64
1960 0.64
1980 0.66
2002 0.71
2005 0.68
2015 0.915[33]

The United States and China have used debt to fill the income gap of the last 30 years to benefit a few.  Neither country can no longer afford to do so.

For an industrial country, a Gini Coefficient of .46 or greater is considered by economists to be a trigger for social unrest.

Surprise!  This brings us to 2016:

China on strike

China protestors

Sanders and Trump rallies showcase election’s anti-establishment spirit

Trump protest

And like Bernie says….

"A nation based on greed will not survive morally, economically or politically." ~Sen. Bernie Sanders (I-VT.)It’s good advice.

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