Posted 2 years ago on Dec. 14, 2012, 5:13 p.m. EST by therising
This content is user submitted and not an official statement
UPDATE: Be sure to check out this short article and short video. Both will MAKE YOUR DAY!!! :) http://sue-adams.hubpages.com/hub/iceland-shows-how-to-solve-economic-crisis
A friend of mine is a well-meaning democrat who is fiscally conservative. He says the leaders of our nation need to tell citizens that austerity is coming and we need to lower our expectations. He thinks it's sad and unfair but that we just have to get used to it because "these entitlement programs are just dragging us down and the good jobs aren't coming back." Sound familiar? The narrative occurs at all levels (from the Economist down to USA Today). The 7 corporations that own the mainstream media in the world have drilled this narrative into our heads.
If you're one of those well-meaning folks who are sad about austerity but doesn't see any other choice, well then here is my message to you:
In nations across the world, many corporations and the wealthiest among us pay little or no taxes yet huddle behind the rallying cry of austerity (more than enough money for us but Grandma's got to eat cat food). Example: 5 members of the Walton family have as much wealth as the poorest 40% of American citizens combined -- as much as 120 million people! Walmart made a net profit of $15 billion last year and yet taxpayers give a $1 billion subsidy to Walmart annually (80% of Walmart workers are paid so little that they are on some type of public assistance). Something is seriously unbalanced here. The richest 1% have more than 30% of the wealth (a figure that's climbing). And 90% of that wealth is inherited. So much for pulling ourselves up by those bootstraps.
Most of the people in the country have been distracted from this bigger picture by the back and forth between the two parties. The seven corporations who own all mainstream media make sure of this. The result is that most of the citizens are so immersed in the folly of the duopoly that they haven't noticed much larger problem that BOTH parties have been bought off by corporations.
You and many smart well-meaning people are saying the press and leadershi