As the American worker's buying power continues to decline and U.S. poverty continues to rise, the workers' relative loss of income from the fruits of their labor translates into a gain for the wealthy. The workers' decreased wages means increased profits for stockholders in a stockmarket boon that creates more millionaires than ever. To top it off, Bush's taxbreaks for the wealthy come at the expense of slashing public health programs, while the taxes are increasingly slated to subsidize corporations and lavish incomes to their wealthy shareholders, even while some of those very corporations experience record profits.
Of course, the current U.S. regime and their corporate media pundits continue the big lie that the economy is in great shape when, even without adjusting for deficit spending, it's tragic for the average American. The current regime deceptively cites a rise in jobs, productivity, and the stockmarket. What they omit: the job increase is an increase slave wage jobs that won't support a family; increased productivity comes from a combination of increased use of machinery to replace good paying jobs for humans and from more sweat and blood from the worker who isn't compensated for working harder; a rising stockmarket only benefits a tiny percentage of the population, despite the fact that nearly half the population has some sort of stock.
The equation is simple: Install corporate party politicians (democrats and republicans) who agree to a scheme of steeling from the poor to give to the rich. This is otherwise known, simply, as the "Reverse Robinhood" effect.
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1 comment:
Very true and well written.
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