This from Mother Jones:
A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90% of us ? $31, 244. The richest 10% controls 2/3 of American's net worth. From 2007 through 2009 Wall Street profits soared 720%. Unemployment rose 102%. American's home equity dropped 35%. The average CEO pay is 185 times bigger than the average worker. In 1985, THE FORBES 400 were worth $221 billion combined. Today, they're worth $1.13 trillion -- more than the GDP of Canada. The median household income has meanwhile stagnated at around $44, 000. In 2005, there were 9 million American millionaires. In 2005, 25.7 million Americans received food stamps. A minimum wage employee who works 40 hours a week for 51 weeks a year goes home with $10, 506 before taxes. Such a worker would take 7000 years to earn Oracle CEO Larry Ellison's yearly compensation. And this from John Steinbeck (author of The Grapes of Wrath): "Our royalists really think they own the world." Now this from St Basil: "The rich take what belongs to everyone, and claim they have a right to own it, to monopolize it." Virtually every American and virtually every State in the Union is struggling to survive -- excepting the super-rich. So why not ask the trillion dollar question? Forget getting rid of the infamous Bush tax-cuts. Why not ask the super-rich to come to the aid of America and Americans? Why not ask them to just give us the two trillion or so they've got stashed away? They've scored a mighty big hit on America -- so why can't they ask what they can do for their country? Can't we promise them, when things turn around and the middle-class is thriving again, that we'll build a monument for them in the National Mall?
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AuthorRobert Daniel Smith was privileged to serve the homeless and marginalized for 30 years in California. He is living now almost within shouting distance of the Twin Cities. He is a poet, artist, writer, and long-time Companion of the Way still dreaming... Archives
May 2022
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