We must call it what it is; Class Warfare. The middleclass have been pilfered by the top 2% for the last 30 years. It is not about class or wealth envy. It is about survival. It is about survival of the middleclass. It is about survival of America as we know America should be.
The form of Capitalism being practiced in the United States is a clear and present danger to our society. Many refer to it as crony Capitalism. It is more dangerous than that. Crony capitalism would assume simply an incestuous relationship between our government and our corporations. What we have however is an incestuous relationship between our government, foreign governments, and our corporations.
The American middleclass has become a commodity that must work for slave wages simply to keep corporations employing in our country else they take their jobs overseas where governments ensure low wages, low social standards, and low environmental standards. Our corporations continue to coerce our regulatory structure to further maximize their profits at the expense of our environment and well-being.
Our tax laws ensure that the working man will never have the opportunity to enter the class of the wealthy. After-all, income of the common man as wages is taxed at a much higher marginal rate than capital gains from investments which is a major form of income for the wealthy. In other words, a wealthy investor sipping tea at his pool will make more and pay less in taxes than someone who wakes up every morning and performs a solid day’s work.
Until Americans stop buying the cool aid that the wealthy given a tax cut will create jobs, severe suffering and continued wealth and income disparities will continue. After-all no real jobs of consequence were created under the current Bush tax rates. The middleclass must ask themselves one simple question. If supply-side Capitalism (Reaganomics/Voodoo Economics) practiced in America was successful, why is it that during the 30 years of this type of Capitalism on steroids did the middleclass wealth and income fall while the top 2% went up by orders of magnitude.
My Book: As I See It: Class Warfare The Only Resort To Right Wing Doom
Book’s Webpage: http://books.egbertowillies.com – Twitter: http://twitter.com/egbertowillies