Forum Post: Barrack

[-] 2 points by ModestCapitalist (2342) 12 years ago

The most profitable industries in the world (energy, healthcare, finance) have been given billions in government handouts and tax breaks. Meanwhile, they keep raising charges causing hardship for millions. With all those massive handouts, tax breaks, and obscene charges, profits rise to record high levels. Millions in bonuses are paid to the executives. With record high profits, record high dividends are paid. 1/2 of all dividends in the United States are paid to the richest one percent. The bottom 95 percent of Americans share about 3 percent (that's three percent) of all dividends. The rest are paid to the top 5 percent and foreign investors. All of this causes a gradual concentration of wealth and income. This results in a net loss for the lower majority who find it more and more difficult to cover the record high cost of living, which again, is directly proportional to record high profits for the rich. As more and more people struggle to make ends meet, more and more financial aid becomes necessary. Most of which goes right back to the health care industry through Medicare, Medicaid, and a very expensive prescription drug plan. This increases government spending. This has been happening for 30 years now. During the same time, tax rates have been lowered drastically for the richest one percent. Especially those who profit from investments. These people pay only 15 percent on capital gains income. As even more wealth concentrates, the lower majority find it more difficult to sustain there share of the consumer driven economy. Demand drops as more and more people go broke. Layoffs results. Unemployment rises. This results in less revenue and more government debt.

Massive subsidies and tax breaks for Wall Street, massive tax breaks for the super rich, heavy concentration of wealth, record high charges along with record high profits and record high cost of living, more hardship for the lower majority, more government spending in the form of financial aid to compensate, more concentration of wealth, less demand, layoffs and unemployment. All of this results in slower economy and less tax revenue. At the same time more and more financial aid becomes necessary. It's a horrible downward cycle which gradually pushes the national debt higher and higher.

The other big factors are the wars in the Middle East. One of which was waged to secure one of the largest oil reserves in the world. The oil industry has not contributed one dime to the effort. Instead, they reap record high profits and lobby congress for continued tax breaks and subsidies.

This post is not intended to excuse those who sit on the couch collecting welfare, make no attempt to find work, or squease out kids they can't provide for.

http://m.youtube.com/index?desktop_uri=%2F&gl=US#/watch?v=XgygaG87rZY

This site is being ruined by trolls. It's no accident. It's no game. It's about money and PR. The rich don't want our messages read. They don't want people to understand. They don't want to accept responsibility for any of this. They will say or do anything to divert our attention.

Don't let them get away with it.

Search the AM dial day and night for local call in talk radio shows. There are dozens of them. Call in and be heard by thousands at once. Its easy. I've done it over 800 times. Just don't bother with Limbaugh, Hanity, Levin, Beck, Ingraham, Savage, Doyle, Harley, Mcnamera, Bortz, or Bruce. Those guys are a waste of time. The others are ok. You are welcome to use anything I post. The quotes and statistics are accurate.

By the way, the video is compelling. It's Robert Reich addressing OWS.