Democracy Alert

Truth & Transparency = A Stronger Democracy

December 21, 2016 by Ted Leave a Comment

Poisonous Plutocracy Pushes Economic Inequality

The biggest political issue receiving no attention by the Democratic and Republican presidential candidates is the powerful plutocracy that has captured the government to produce rising economic inequality.

Both major parties have enabled, promoted and supported this Upper Class plutocracy. Myriad federal policies make the rich super-rich and the powerful dominant in both good and bad economic times. Meanwhile, despite elections, the middle class sinks into one big Lower Class as the plutocracy ensures that national prosperity is unshared.

Why no attention? Why no explicit reference to a plutocracy that makes a mockery of American democracy? Simple answer: because both major parties and their candidates are subservient to numerous corporate and other special interests that use their money and influence to ensure that their elitist priorities prevail. Make no mistake. Barack Obama with all his slick rhetoric is just as much a supporter and benefactor of this Upper Class plutocracy as Hillary Clinton and John McCain.

Everyone that is not in the Upper Class who votes for any of these presidential candidates is voting against their own interests. They have been hoodwinked, conned, brainwashed, exploited and manipulated by campaign propaganda. They elect people for the visible government while they remain oblivious to the secret government - the powerful pulling the strings behind the stage. Money makes more money, financing more political influence.

One of the biggest delusions of Americans is that if they retain their constitutional rights that they still live in a country with a working democracy. Wrong. American democracy is delusional because the two-party plutocracy makes citizens economic slaves. This represses political dissent. It is 21st century tyranny. Two-party presidential candidates, unlike our nation's Founders, lack courage to fight and revolt against domestic tyranny. Placebo voting distracts citizens from the political necessity of fighting the plutocracy.

Economic data show the plutocracy's assault on American society. Consider these examples.

The top 20 percent of households earned more, after taxes, than the remaining 80 percent in 2005, while the topmost 1 percent took home more than the bottom 40 percent.

No American state has seen the gap between rich and poor widen faster than Connecticut. From 1987 through 2006, the top fifth of the state's households saw their incomes increase by 44.8 percent, after inflation. Incomes for the bottom fifth fell 17.4 percent. On the other coast, just three of every 1,000 Californians in 2005 reported at least $ 1 million in income. But they got $ 213 of every $ 1,000 Californians earned in 2005 income. The state's top 1 percent - average income $ 1.6 million - pay 7.1 percent of their incomes in income, sales, property, and gas taxes. The poorest fifth of California households pay 11.7 percent.

Real hourly wages for most workers have risen only 1 percent since 1979, even as those workers' productivity has increased by 60 percent. Higher efficiency has rewarded business executives, owners and investors, but not workers. What's more, American workers now work more hours per year than their counterparts in virtually every other advanced economy, even Japan, and without universal health care.

A typical hedge fund manager makes 31 times more in one hour than the typical American family makes in a year. In 2007, the top 50 hedge fund income-earners collected $ 29 billion - an average of $ 581 million each. John Paulson took home $ 3.7 billion from his hedge fund labors. These figures do not count profits from selling shares in their companies. Importantly, hedge fund players contributed nine times more to the Senate Democratic fundraising arm than they gave to Senate Republicans in 2007.

In 2009, Americans who make over $ 1 million a year will save an average $ 32,000 from the Bush tax cuts on capital gains and dividends. The average American household will save $ 20.

Between 1986 and 2005, the income of America's top 1 percent of taxpayer jumped from 11.3 to 21.2 percent of the national total. Their federal income taxes dropped from 33.13 percent of total personal income in 1986 to 23.13 percent in 2005. From 2001 to 2008, the net worth of the wealthiest 1 percent grew from $ 186 billion to $ 816 billion.

Economic inequality and injustice reflect a political disaster, even with regular elections. It has resulted from government decisions on tax cuts, spending, trade agreements, deregulatory measures, labor unions, corporate handouts, and regulatory enforcement. All crafted to benefit the rich and powerful and leave the rest of us behind. It has happened under Democratic and Republican presidencies and congresses. Bipartisan domestic tyranny propels greed driven plutocracy.

What do we desperately need? A national discussion and referendum on inequality-pumping plutocracy, that none of the major presidential candidates shows any interest in having. Certainly not Barack Obama with his vacuous talk of change (but not about the political system) and John McCain's incredulous talk of reform.

And it is delusional to think that populist global Internet connectivity producing what is called personal sovereignty threatens plutocracy. Networking among the rich and powerful strengthens the global plutocracy, placing it above national sovereignty. More than produce an army of revolutionaries to overturn the system, the Internet has fragmented every imaginable movement. Individuals indulge themselves with their own or social websites or fall victim to conventional politicians. Technology and media owned and controlled by plutocrats serves them while it shackles and deceives the multitudes.

Only one presidential candidate sees our core national problem and the need for revolutionary thinking and action to correct the system: Ralph Nader who said recently, "We need a Jeffersonian revolution." Plutocrats should heed these wise words of John F. Kennedy: "Those who make peaceful revolution impossible will make violent revolution inevitable." With all the guns and pain Americans have, the ruling class should worry and start reforms. To start, let third party and independent candidates into televised presidential debates. If the stage can be filled with a bunch of primary season candidates, why not more than two in the general election?

For electoral dissent, stop being a presidential romantic; use your vote to fight the plutocracy. Reject the Democratic and Republican presidential candidates. Put an end to serial disappointments. Time is running out. Talk is cheap. Action is crucial. Violent revolution is an option.

[Contact Joel S. Hirschhorn through http://www.delusionaldemocracy.com]

Filed Under: Plutocracy Tagged With: Economic, Inequality, Plutocracy, Poisonous, pushes

October 6, 2015 by Ted Leave a Comment

Economic Collapse: Peter Schiff Delivers Reality Check on U.S. Economy

Economic Collapse: Peter Schiff Delivers Reality Check on U.S. Economy
Schiff has long been skeptical of America's economic recovery. In his view, the U.S. has been going through a transformation of the economy from a lot of full-time jobs to part-time jobs. Government statistics, Schiff argues, hides the real story of ...
Read more on Profit Confidential

Vanishing Canada: Why we're all losers in Ottawa's war on data
Government interfering in statistical gathering is both unusual and unacceptable, says Denise Lievesley, social statistics professor and dean of faculty at King's College London and former director of statistics at UNESCO: “We were quite shocked when ...
Read more on Macleans.ca

Filed Under: Government Statistics Tagged With: Check, Collapse, Delivers, Economic, Economy, PETER, Reality, Schiff, U.S.

June 23, 2015 by Ted Leave a Comment

Economic Crisis Resulting in a Return to Personal Preparedness


Minneapolis (Vocus) February 19, 2009

Signs and wonders of the growing global economic disaster continue to emerge. No one is pretending to imply that things are going to be OK anytime in the near future. Millions of jobs are being vaporized. Home and real estate values are plummeting. Assets are disappearing into thin air and lives are being turned upside down.

Up to 40 million people will lose their jobs in 2009 according to the International Labor Organization. Over a quarter of a million western companies are expected to fail, representing record levels of insolvency. More than $ 10 trillion has been pledged by the U.S. alone toward solving the crisis.

Safecastle LLC owner Victor Rantala said, "Economic failure and cultural devolution are the best-case scenarios we have to work toward right now. The worst case?--the real possibility of the outbreak of major warfare, disease, and/or natural catastrophe that would coincide with the current demise of the economic system as we know it."

Scores of politicians, commentators, and experts from all walks of life have been toiling to get the word out in the last several months. The message is that people need to do what they must to be ready for a world that is about to be far less kind and gentle.

Names like economics and business Professor Nouriel Roubini, economic commentator and broker Peter Schiff, ShadowStats economist John Williams, economic strategist Barton Biggs, Wall Street Journal writer Brett Arends, former National Security Advisor Zbigniew Brezinski, engineer and author Dmitry Orlov, not to mention officials from various US government agencies are among the many who have used their positions of influence to sound the alarm about the dangers we are facing.

Said Rantala, "Many, many people have taken heed of the warnings and allocated precious funds into resources that are substantive and actually meaningful in the emerging, new reality. Assets like precious metals and storable food are in demand like at no other time in history. That move toward traditional value is continuing to accelerate."

In spite of this growing awareness of the need to reallocate resources and to stock-up on tangible supplies, inevitably there are going to be countless people left behind. The suffering ahead will possibly be unprecedented.

Rantala said, "The reason I started Safecastle LLC was to enable as many people as possible to be prepared for crisis situations. We're now facing the largest magnitude of crisis in our lifetime and we at Safecastle remain committed to helping others while we can. So we are now offering the best possible deals we can put together on the number-one selling, highest quality emergency storage food in the world — Mountain House freeze dried food in #10 cans."

US consumers are encouraged to take advantage ... for two weeks, from February 21 to March 6, Safecastle is offering cases of Mountain House food at 25%-off discounts, as well as free shipping to the continental United States.

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Filed Under: Shadowstats Tagged With: Crisis, Economic, Personal, Preparedness, Resulting, Return

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