People Want Jobs, Meaningful Work, Not Riots In The Streets: 40 Yrs of Wealth, Income Loss, Poverty
Last edited Mon Sep 21, 2020, 05:39 PM - Edit history (1)
'How Hypocrites in High Places Have Contributed to the Riots in the Streets.' The 4-decade losses in wealth & job income have contributed to the poverty numbers, & to violent reactions. By Paul Buchheit, Common Dreams, Sept. 21, 2020.
- The redistribution of wealth to the richest 1% over the past 45 years is hard to comprehend.
A perception exists among much of White America that young Black men would rather loot a store than work a job. This perception serves a lot of wealthy people well, deflecting attention away from their own failures to support the needs of society. But it’s a dangerously twisted perception. People want jobs. They want meaningful work. Given the opportunity, heads of households use their money to support their families, to provide for the essential needs of life. Numerous studies back this up.
About 90% of America has been largely unheard since 1975. So what has kept this from happening? A decades-long wealth grab by the richest Americans has left millions of Americans on the brink of poverty—and poverty begets violence, as numerous reputable sources suggest. And the lack of living-wage jobs has contributed to violence, as suggested by numerous other sources.
- Martin Luther King said: "I think that we’ve got to see that a riot is the language of the unheard." About 90% of America has been largely unheard since 1975. -
- Who’s Responsible for the Poverty that Has Led to Rioting in the Streets? The redistribution of wealth to the richest 1% over the past 45 years is hard to comprehend. In a Time report on a study by the Rand Corporation, it is estimated that the $50 trillion shift from the bottom 90% to the top 1% would pay every working American an additional $1,144 a month, every single month, year after year. If wealth distribution since 1975 had continued in the same manner as between 1945 and 1975, today's $35,000 salary would be over $60,000. It's little wonder that so many Americans are lashing out at the broken system.
Hypocrisy kicked in during the 1970s and through the Reagan years, when the infamous Laffer curve and a 'trickle-down' philosophy gave Congress the justification to cut tax rates for corporations and the super-rich, and to deregulate the financial industry. "Trickle-down" never worked, but the delusion persists among its beneficiaries. More recent hypocrisy. With the 2017 corporate tax cuts came the lofty assurances that money would be freed up for new investment in jobs and R&D. So what happened?...
More, https://www.commondreams.org/views/2020/09/21/how-hypocrites-high-places-have-contributed-riots-streets
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'Tom Cotton: Democrats 'rioting in the streets' as supreme court battle heats up,' The Guardian, Sept. 20, 2020.
https://www.theguardian.com/law/2020/sep/20/tom-cotton-democrats-rioting-streets-supreme-court-ruth-bader-ginsburg-trump
