I Have it All, But I Want the Rest: The 1% who own us all.

Posted: March 7, 2011 in Uncategorized

The redistribution of wealth occurring at such a rapid pace in the world at the moment is comprised of basically two elements.  One– a push (prompted and perpetuated by ideological argumentations of “freedoms”  and unsound economic theory) to tax the upper 1% moneyed class, and corporations, less (and subsidized them more); and, two, the inclination to privatize all public money, letting these upper 1% of individuals and corporations obtain the last economic bits which they have no control over.

For One, the redistribution of wealth to the upper classes:

What The Redistrubution of Wealth looks like.

And, regarding point Two,  Micheal Moore delivers a speech about the grab at the section of the economy the upper 1% want to lay their hands on (and note the statistic quoted here, 400 people in the US have more wealth that the combined lower 155 million Americans! Or put another way the upper 1% have more than the bottom 50%.):

America is not broke.

Contrary to what those in power would like you to believe so that you’ll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It’s just that it’s not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.

Today just 400 Americans have more wealth than half of all Americans combined.

Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer “bailout” of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can’t bring yourself to call that a financial coup d’état, then you are simply not being honest about what you know in your heart to be true.

And I can see why. For us to admit that we have let a small group of men abscond with and hoard the bulk of the wealth that runs our economy, would mean that we’d have to accept the humiliating acknowledgment that we have indeed surrendered our precious Democracy to the moneyed elite. Wall Street, the banks and the Fortune 500 now run this Republic — and, until this past month, the rest of us have felt completely helpless, unable to find a way to do anything about it.

‘America Is NOT Broke’: Michael Moore Speaks in Madison, WI — March 5, 2011

____________________

And If the Memes of Bad Economic theory (Give it to us and we promise too share: “supplyside economic” theory) and “Freedom is only Capitalism” don’t work just buy the democratic state:

The Story of Citizens United v. FEC (2011)

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