EQUALITY - ECONOMICS



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THE SYSTEM WORKING
Socialism Jobs
Inequality Wages
The Poor Taxes
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Socialism


7/16/18

David Pakman explains Social Democracy




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10/6/17

Conservatives are always screaming "Capitalism!" and "Down with Socialism!"
Meanwhile, the Big Oil companies elbow their way to the front of the line ...

to slop up all those taxpayer handouts

Don't let their army of zombies get away with that crap.
Everywhere you find them posting those deceptive lies ...

Beat the snot out of them (verbally, of course)


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9/30/17

Here is a popular email that was recently circulating

And here is Snopes' investigation of the email

I'm not particularly interested in the issues Snopes was investigating.
What is important though, is that the points brought up in the email
about Social Security were true;
and they make a devastating rebuttal to Fox News morons
when they spout their misleading propaganda about Socialism.
To better prepare yourself for the lies that Conservatives will attempt to bury you with,
you can update your knowledge of the Social Security system ...

Here


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9/5/17

Conservatives try to argue that Nazis were Socialists because that's what they called themselves.
Well, North Korea calls itself the Democratic People's Republic.
So much, for how much value can be attributed to a name.
The Nazis had as much in common with Socialism as North Korea has with Democracy.

There was nothing socialistic about the Nazis nor their dictatorship

And here is another fact that Conservatives don't want you to know ...

Hitler was snubbed by the real German Socialist Party


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7/20/17

The pros and cons regarding the concept of a "basic income"

UPDATE - 9/20/17

The bad news for opponents of a basic income
is that it has already been tested in the real world.

It did not cause inflation in Mexico as some had predicted


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1/11/17

Who are the true welfare queens?

Banks (5:56)


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3/12/16

Which states are the most Socialist?
(hint: it's not the blue (Democratic) states)



So how do Republicans convince people to vote against their own interests?
(if anyone figures it out ... please let me know).


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10/1/14

How expensive is German college tuition?

It's free

And the story is the same in many E.U. countries.
(and you don't even want to know about their health care)

In those two areas, education and health care,
America is 35th in literacy and 34th in life expectancy
despite being the richest nation on Earth.

I smell rats ... big ones


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3/29/12

75 ways that Socialism benefits all of us

And the ones who demonize Socialism the most
are almost always the same ones ... who benefit the most.


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Economic Inequality


10/11/18

Why do "blue" states have higher inequality than "red" states?

Well, you can get one theory from Sean Hannity, or ...

David Pakman can explain it to you (5:02)

That's like being asked to choose which car you want to win ...

A new Ferrari or a restored Ford Edsel


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7/30/18

Bill Gates and Warren Buffett are the founders of "The Giving Pledge."
Members of The Giving Pledge have promised, that when they die,
they will contribute a majority of their wealth to philanthropic causes.
Click on Bill's picture to see the list of rich people who have pledged to donate.


Bill Gates Warren Buffett


I would like to see a breakdown by political affiliation.
I am curious to see if there are ANY Republicans on the list.


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7/29/18

Inequality is not affecting Western Europe nearly as badly as the U.S.

And it all started around the time of Reagan ... God's gift to the rich.


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5/16/18

In order for the 1% to be able to plunder the masses
they are forced to share with their enablers ...

The Top 10% (3:04)

Another perspective on The Top 10% (7:57)


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1/22/18

It was only 8 years ago that income inequality had become so bad
that the 388 richest people owned as much as HALF the world's citizens.
As we begin 2018, Trump has assembled a government
poised to strip away as much wealth as possible from Americans
and transfer it into the pockets of the wealthy.
As this process begins, where does wealth inequality stand right now?

Half the world's population now have as much wealth as the richest ... 42 people




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10/29/17

Since the 1980's, America can best be described by the popular board game "Monopoly."

Players start off with equal chances to win.
But eventually only one survives ...

That would be the one who took everyone else's money




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8/13/17

Question ...

"We have waited for "Trickle Down Economics" to trickle down for almost 40 years.
But be patient. The same people who brought you trickle down economics
are also the same people who, on a daily basis, bring you Jesus ...
and they've been waiting for Him for almost 2,000 years.

Any bets on which one will arrive first?"


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4/2/17

Killing their own people for profit; it's what Oligarchs do.

That is as true in Russia ... as it is in the United States

Mortality skyrockets as economic inequality increases.


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11/29/16

Wealth inequality is getting worse and worse
and the American people just turned over the entire American government
to the Conservatives who made it this way.



The next 4 years will likely be considered the greatest in America's history ...

for the rich


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10/28/15

Wealth inequality not only includes income and property ...

but retirement benefits as well


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10/22/15

The "Human Development Index" is a metric
composed of life expectancy, education, and income.
It is published yearly by the United Nations,
and is used to rank the world's nations.



I found it odd that America,
which ranks in the 30's in both life expectancy and education could come out #10.
The only explanation would be the superior economic condition of America.
When America's riches are added in, we moved almost to the top.

But that is very misleading.
If you continue reading the article
you come to the Human Development Index.
When the vast inequality of America is factored in,
we come in at number 19 ... barely beating out Slovakia.

For the richest nation on Earth ... that ain't too impressive

Here are two more relevant wiki articles

International Inequality

Worldwide Distribution Of Wealth


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10/9/15

You've heard it from me,
but to avoid the appearance of an "Appeal to Authority" ...

now you can also hear it from Stephen Hawking

(Hopefully - you got the sarcasm above)


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1/19/15

How bad are things getting for 99% of the human race?

We are rapidly returning to a primitive social system
in which life is brutal for those who aren't born lucky ...

but Heaven for those who are




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11/18/14

This story about income inequality might make you puke.
But don't feel bad ...

you won't be alone


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10/3/14

The world's richest country (that would be us ... America)
has an infant mortality rate typical of a third-world country.
Scientists have discovered a socioeconomic link ... economic inequality.

What's behind the high rate of infant deaths in the U.S.?


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8/27/14

So what is income inequality's toll on the Middle Class?

About $18,000 a year

The Koch brothers thank you for your support


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8/12/14

Economic Inequality ... straight from the horse's mouth (20:26)




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2/8/14

The State of the Union - 2014




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2/3/14

Here are some examples of markets self-regulating

It doesn't work. That's why we need government regulations:
to force them to do what goes against their profit motive.


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11/20/12

As long as the Oligarchs can continue to convince Americans
to keep government weak and ineffective,
they will continue to bask on the decks of their yachts
and dine on caviar and champagne;
while the rest of us save half of our McDonald's Happy Meal ...
for tomorrow night




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The Poor


4/25/18

Republicans continue to find ways to fund their tax giveaway to the rich ...

by taking it from the poor

I just love this part ...

"The legislative proposal seeks to restore dignity and self-sufficiency to tenants ....

If any one of you actually believe that the purpose of jacking up the rents of poor people
was for the purpose of restoring their dignity and self-sufficiency,
please leave this web site and never come back ...

You do not belong here


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4/3/18

When Republicans try to convince you how great the economy is doing,
these are the kinds of facts they are hiding from you ...

A Third of College Kids Go Hungry

#MAGA !


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3/9/18

Martin Shkreli has been sentenced to 7 years in prison,
not because he jacked up the price of medicine so much
that many people who couldn't afford it, died ... that's perfectly legal;
but because he defrauded wealthy people, which is the real crime.



In all the time that has elapsed since Shkreli jacked up the prices for life-saving drugs,
has Congress taken any action at all to save the lives of the poor who will die without them?

(Big Hint: They have better things to do - like eliminating taxes for the rich)


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5/8/17

Since the Oligarchs returned to power in 1980
(after being deposed for almost 50 years)
the life expectancy gap in the U.S. has gotten a whole lot worse.

And those who suffer the most are those people trapped in the "Red States"

I know it's tempting to say those people deserve it
for being stupid enough to keep in power, the same people who are killing them.
But we must find a way to help these people, in spite of themselves.
They don't possess the rational thinking skills to protect themselves ... but we do.

Battle Stations!


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4/11/16

Inequality in America from another angle:

The wealthy live longer than the rest of us ... and not by just a little




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12/16/15

Income inequality hurts us in many ways.

American IQ's suffer more than countries that are more socialistic

And the dumber Americans get,
the more easily they can be controlled by the rich;
as we see on the news nearly every day.

It is a vicious cycle


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1/12/15

Here is a heartwarming story that gives me hope for America

New Orleans finds homes for homeless veterans


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11/25/14

We don't hear a whole lot about the AIDS epidemic anymore.

So - how's it going?

They're dying because they can't afford treatment

I got the distinct impression that the author was downplaying
the reason why people aren't getting treated.
It is obvious that dying people would seek help if they could afford it.
This article might as well have been written by Fox News.


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9/18/14

How generous are the Waltons when it comes to charity?

Their underpaid employees should give you a big hint


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5/17/14

In the 21st century, the Confederacy is still working children ...

in tobacco fields

I thought they fixed that crap a century ago.

WTF is wrong with those people?


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2/6/14

The war being waged by the rich on the poor, the sick, the elderly,
and any other group that make up the weakest
and most vulnerable members of our society,
should turn your stomach.
If it doesn't, it's probably because you are either a Conservative or ...
just a heartless bastard



Most interestingly, the biggest supporters of the rich are ...

Evangelical Christians


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History


6/28/17

This video is an hour and a half long.
But if you are interested in economics
it is worth every minute of your time.

Richard Wolff on Capitalism ... and its cure

The cure is Democracy ... the greatest enemy the Oligarchy has ever faced.


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1/11/17

Don't blame Millennials ...

thank Baby Boomers for the predicament we're in

We also left future generations with a massive national debt which they will have to pay off;
a planet that is heating up, melting the snow, and causing the oceans to rise;
and a dim future for finding meaningful work to support their families.


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12/23/16

The media doesn't want you to know this, but ...

life is getting better for humanity

The media thrives on sensationalism: "If it bleeds ... it leads."
The reality of daily life is too boring and doesn't sell.
That's why everyone is led to believe that the end is near.

Historical global poverty


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2/15/16

TED TALK: Yanis Varoufakis (former finance minister for Greece) ...

Capitalism incompatible with Democracy (19:51)

I'll side with Democracy


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6/30/13

Milton Friedman won the Nobel Prize in Economics for his "Trickle-Down" theory.
History has proven that his theory was a complete failure ...

for everyone except the rich

If it were up to me, I would have Friedman's remains exhumed,
pay to have someone pry that Nobel Prize from his skeletal fingers,
have it melted down, sold, and then send the proceeds to our veterans.


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9/2/12

Which party is best for the economy?



To put that chart above, in a format that gets the author's point across ...

I created this spreadsheet

Even the worst performing Democratic president
outperformed the best Republican president;
which isn't hard to understand once you realize
that Republicans represent big business and the rich ...

and ONLY them


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2010

History of Usury in America

It should be pretty obvious from that depressing article
that Congress doesn't work for the voters, but for the ...

Big Boys who fill their campaign war chests


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10/3/08

The "Bailout" - or as it was officially known ...

The Emergency Economic Stabilization Act of 2008

The greatest transfer of wealth in history from the masses to the rich.


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11/6/91

Yeltsin dumped Socialism for Capitalism ... with disastrous results.



" Yeltsin transformed Russia's socialist economy into a capitalist market economy,
implementing economic shock therapy, market exchange rate of the ruble,
nationwide privatization and lifting of price controls ...
However, due to the sudden total economic shift,
a majority of the national property and wealth
fell into the hands of a small number of oligarchs.
Rather than creating new enterprises,
Yeltsin's policies led to international monopolies hijacking the former Soviet markets,
arbitraging the huge difference between old domestic prices for Russian commodities
and the prices prevailing on the world market.
"

It's the same old story, repeated over and over, in which the rich and powerful
use unrestrained capitalism to strip the masses of their wealth.


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1940's-1970's

The Great Compression

But the prosperity was short-lived
as the Oligarchs have restored nearly everything to the way ...

it was meant to be


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1930's

How well did the world's only Communist state (Russia) do during The Great Depression?

A lot better than we did

I'm no fan of Communism. But almost anything is better than unrestrained Capitalism.


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Jobs


3/23/18

Trump played the hicks of rubes of small town America
by promising them lots and lots of jobs.
What Trump didn't tell them was that ...
many of those jobs would be going to cheap foreign imported laborers.



Aren't the rubes precious?

They imagine themselves to be so smart,
while reality blows blissfully by them ...

without them even noticing

UPDATE - 4/28/18

Trump tries to soften the blow for the morons

I just loved the part about the lackluster  applause.
A few of the brighter morons probably turned to the others and said ...

"Are we supposed to clap? "

That reminds me of the time when Trump said to a crowd of supporters
that he could shoot someone on 5th Avenue ... and not lose a vote.
They cheered that, not realizing how badly he had just insulted them ...

right to their faces


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2/7/18

The Koch Brothers have demonstrated that they own Trump's ass.
They made that clear when they blocked Trump's attempt to destroy Obamacare.
So now their little lap dog (Trump) is dancing to their tune ...

Trump attacks solar power while retaining subsidies for Big Oil


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1/24/18

Toys R Us is closing 182 U.S. stores ...

MAGA!

I just can't take all of this "winning."


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8/14/17

Trump brags that the economy has added a million jobs
during his first half-year in office, which is true,
but it’s a slower pace of job creation than we enjoyed in ...

2016, 2015, 2014, 2013, or 2012

(he kinda leaves that part out)


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6/2/17

The Jobs Report for May, 2017 is in



The misleading headline should read that since Trump took office
job gains have slowed by over 30% compared to the past year.
But the bigger news, buried within the story,
is that Job Participation is at its lowest level since the 1970's.


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1/25/16

Here's yet another tactic that the big corporations have been using
to increase profits for shareholders, while destoying American lives.

H-1B visas

This began in 1990 under president Bush Sr. (you know - the smart Bush).

So not only do the rich ship millions of American jobs overseas
but they import cheap labor to take our remaining jobs.

Keep voting Republican ... the rich sure do appreciate your support!


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12/9/15

How many jobs has Wal-Mart outsourced to China?

About a half million ... and they're just gettin' started

Keep voting Republican and Make America Great Again!

Just a thought:
I wonder why Oligarchs (like the Waltons)
take away hundreds of thousands of good-paying jobs from American Christians
and give them to Communist Buddhists thousands of miles away?

Comically (or tragically, depending on your point of view)
Conservative American Christians are the biggest supporters
of the very people who are stripping them of their wealth and livelihood.


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11/10/15

When does the American economy do best:
when the president is Democrat or Republican?

It isn't even close

Keep voting Republican ... the rich sure do appreciate your support


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2/10/15

Unemployment is a major cause of suicides worldwide

Hip Hip Hooray for unfettered Capitalism
and the Oligarchs who run it.

Hip Hip Hooray for the top 85 families
who own as much as the bottom 3 billion people.

And Hip Hip Hooray for mortuaries, without whom,
the Oligarchs would have to bury the poor ... themselves


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12/5/14

So who are the "job creators?"

Not the Republicans


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4/2/13

National Institutes of Health to get $100 million to conduct brain-mapping project

Oh no. Obama is spending $100 million on brain research
when we desperately need that money for ... oil and guns.

Whatever happened to the good old days
when scientists who wanted to spend all our money on stem cell research,
were stopped dead in their tracks by George W. Bush
who used that money instead for ... oil and guns.


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5/17/12

This rich dude tells you who the real "job creators" are ...

and was rewarded by T.E.D. by having this video banned.



It's extremely disappointing that an organization like T.E.D.
would jeopardize their reputation by backing down from political controversy.

Thankfully, it's gotten almost 3 million views - so the word is getting out.


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Wages


5/9/18

Federal employees' pensions get hit hard ...

in order to pay for Trump's tax giveaway to the rich

And the hits just keep on comin'.

To all you Federal employees who voted for Trump:
Now your stupidity is hitting you hard ...

and right where it hurts the most


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2/12/18

Tipping has racist roots (2:19)




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10/25/17

U.S. productivity v. wages (since WW2)

Productivity has continued to increase.
But all the benefits from that productivity ...

now go to the rich


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10/24/17

Why wages aren't growing despite increased productivity

Wages have risen 0.2% per year over the last 45 years.
Inflation has averaged about 4% per year during that same period.
Most Americans don't realize that the rich have been cutting their pay drastically
while reaping the benefits of increased productivity and record-setting profits.

You are being hosed America ... and yet you keep reelecting the wolves.
To quote our current president (the top wolf) ...

#SAD

Now here is a quote from a truly great thinker (Cicero)
A man who was WAY ahead of his time:

" A nation can survive its fools, and even the ambitious.
But it cannot survive treason from within.
An enemy at the gates is less formidable,
for he is known and carries his banner openly.
But the traitor moves amongst those within the gate freely,
his sly whispers rustling through all the alleys,
heard in the very halls of government itself.
For the traitor appears not a traitor;
he speaks in accents familiar to his victims,
and he wears their face and their arguments,
he appeals to the baseness that lies deep in the hearts of all men.
He rots the soul of a nation, he works secretly and unknown in the night
to undermine the pillars of the city,
he infects the body politic so that it can no longer resist.
A murderer is less to fear.
"


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5/2/17

Republicans pass a bill allowing employers to decide ...

whether to pay overtime or give time off

Republicans - pimping exclusively for the rich since 1980

From our second president, John Adams:
"Government is instituted for the common good;
for the protection, safety, prosperity, and happiness of the people;
and not for profit, honor, or private interest of any one man, family, or class of men
"

My, my ... how times have changed


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12/1/16

So did Republican doomsday predicters get it right
when Seattle raised its minimum wage to $15 an hour?

They were about as accurate as your local astrologer


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8/15/16

Among the biggest thieves in society ... are employers



Did you catch the part near the end
where Congress blocked Obama's attempts to help the people?

Is anyone surprised that Republicans protected the employer's right
to steal from the people?


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11/3/15

Very cool interactive, inflation-adjusted, historical ...

minimum wage chart


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4/13/15

Why do the rich underpay their employees so badly?

Because they know that the taxpayers will be forced to foot the bill ...

that THEY should be paying




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2/16/15

Why are people paid so poorly in America?



Redistribution

Conservatives have no problems with redistribution
as long as it goes where they want it to go.
Where do they want government handouts to go?
To Churches, the Military, Big Oil, Big Pharma, Big Corporations,
Wall Street, Big Banks, and lots and lots of tax breaks for rich dudes.

They are only against redistribution
when it is earmarked for the poor, the sick, or the elderly.


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11/6/13

The depressing economic situation for U.S. workers.



I took away something different from this story.

Think about what those two lines represented.
The red line was the average income
while the blue line represented the median.

Let's say you have 11 people: 1 ceo and 10 employees.
The ceo earns 1 million dollars per year.
Each employee earns $20,000 per year.

What is the average?
$1,200,000 / 11 = $109,091 per person.
They are living large, huh?

What is the median?
To find the median,
you locate the middle person and use their salary.
Employee #6 earns $20,000 per year,
therefore that is the median.
Not living so large now, are they?

The average is high because it is disproportionately affected by the rich.
It is the median that most people live on.

The America that existed after WW2, up until about 1980,
was famous the world over for its large middle class; everyone prospered.
The "average" and the "median" were much closer together.

Since around 1980 America has been on a downward spiral.
Our society now has one of the greatest disparities between rich and poor,
of any industrialized nation on Earth.

Our middle class is disappearing fast.
Very few are moving up ... most are moving down.

That graph illustrates a sick, sick country.


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Taxes


6/22/18

Governor Rick Snyder celebrates 8 years of transferring wealth from the people ...

to the big corporations

Now Trump is doing to America, what Snyder did to Michigan.


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6/12/18

One of the two richest men in the world (Jeff Bezos)
and his company Amazon (one of the richest in the world)
are headquartered in a state where they pay NO income tax.
So what did they do when Seattle tried to get them to contribute to a tax
that would help relieve the homeless problem in that city?

They strong-armed the city into backing down

I'm sure that is exactly what Jesus would have done.


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4/24/18

How's Trump's tax "reform" working out?

Fannnnn-tasic!

for the rich

"Pass-Throughs" are their newest gimmick.


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1/10/18

California Governor Jerry Brown inherited a $27 billion deficit in 2011.
He raised taxes, and in 2018, he will leave California ... with a $6 billion surplus.



Oligarchs and Republicans are going into overdrive trying to figure out how to spin this one.


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10/10/17

Robert Reich explains the dismal history of ...

Trickle-Down economics (3:06)

It doesn't trickle down folks: never has ... never will.
Yet Conservatives continue to fall for the lie no matter how long it fails.
They believe that someday, the rich will grow a conscience and share with them.
I would put my money on the return of Jesus ... before that happens.


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5/8/17

The Republicans are NOT working on tax "reform."
They are working on a massive transfer of wealth
from the pockets of most Americans
into the off-shore bank accounts of the ultra-rich.

THIS ... would be tax reform

Every time America is compared to other advanced nations (in any category)
we come out looking like a pair of jeans that just got pulled from a wood chipper.
(However, there are 2 exceptions: nobody does Guns & Bibles ... like we do)


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1/24/17

Republican history of cutting taxes is ...

dismal


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1/20/16

For-profit NFL teams feed at the socialistic trough, greedily stripping taxpayers of billions.
But hey - on the plus side you only have to pay about $100 for each seat to get into the game ...

and don't forget about those great hot dogs

average NFL ticket prices


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1/11/17

The Oligarchs have legalized theft and now pay about the same tax rate as ...

regular earners


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9/25/15

Interview with Noam Chomsky

Worldwide, fossil fuel subsidies reach about 5 trillion annually

Oil & Gas tax breaks (socialism)

Conservatives try to pass the American economy off as Capitalistic to all its "useful idiots"
who don't understand what Conservative experts already know ...

Our capitalism is funded in large part by taxpayers (socialism)


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2015

Corporate Tax Rates

Corporate Tax dodge known as "Earnings Stripping"

Earnings stripping (related to inversions)
refers to a practice by which a foreign-based parent corporation
loans large sums of money to itself by loaning, on paper,
the money to one of its own U.S. subsidiaries.
Then the corporation gets to deduct the interest it is paying (again, to itself)
and cancel out, dollar for dollar, taxes on profits it owes our government.


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12/11/11

The property tax scandal (5:07)

The rich ALWAYS win. Why?
Because they are the ones ... rigging the game.


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3/22/09

So which states slurp the most from the government trough?

The Red States

And how much are they slurping?

What a bunch of hypocrites


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Money


5/4/18

California is now the 5th largest economy ...

in the world


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1/3/18

Mike Maloney reports on cryptocurrencies (from Bitcoin to Hash Graph)



The Oligarchs aren't going to like this.

Also, I would suggest that you read through the comments
as many viewers had a major issue with Hash Graph not being "open source"
and thus, it could possibly be controlled by the Big Banks
which would take us right back to square one (which is where we are right now).


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2017

Introducing the world's Top Ten economies ...



Note: California would be #6 (ahead of France) ... just sayin'


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6/25/14

Would you like to learn how money is created?
Would you like to learn how Congress gets money from the Treasury?
Would you like to learn about exponential growth?
Well, if you invest the time to watch this video (56:25) ...

you won't be disappointed

There are 3 main categories of financial instruments:
1. Stocks (i.e., equities or shares)
2. Debt (i.e., bonds and mortgages)
3. Derivatives

Derivatives include such things as forwards, futures, options, swaps,
and variations of these such as
synthetic collateralized debt obligations and credit default swaps.

Inflation must always be taken into account when discussing money:

U.S. historical inflation rate


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3/28/14

The National Debt Explained by Richard D. Wolff




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10/20/09

A strong warning of impending economical doom was ignored
in the years leading up to The Great Recession of 2008 (56:07).

Brooksley Born

It never hurts to educate ourselves ...

Derivatives


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1996

When I saw that this video ran 3 1/2 hours, I hesitated,
then decided to just watch the beginning.
Within minutes I was hooked and watched the whole thing ... twice.

The Money Masters (1996)

I would strongly recommend that you watch the video before reading ...

My analysis (2 pages)

And here is a historical look at ...

the U.S. national debt vs. GDP


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