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OverseaVisitor

(296 posts)
2. Reality
Fri Jul 13, 2012, 11:50 PM
Jul 2012

Income equality in Us and around the world is very troubling.
The general public is left with a very small slice.

However the greedy minority which grab the larger portion do not want to pay their fair share for that huge slice.

Medicine and medical service are basic needs of the general public.
A for profit model generally means higher cost. How else can one generate profit if they do not take from all and keep it for them self.
In short it is really taxing everyone on an equal rate and giving to a few.
And the few wants more discount to keep a large portion of this tax.

Hence no tax cut after a Bush tax cut and austerity cut are really income transfer. It makes it worst for the general public.



This video show trend. It is an ugly picture of how the reality shift for the general public.

http://www.economist.com/blogs/newsbook/2010/08/government_and_private_debt_after_crisis

This little compilation allows you to see the shift in debt

http://www.economist.com/blogs/newsbook/2010/08/government_and_private_debt_after_crisis

Click on US, here you can see trend from 1952 till 2009. Note the relation between government spending and household debt.

In short the privatization of basic services by the government to businesses are merely transfer of income to the few.

http://www.economist.com/blogs/newsbook/2010/08/government_and_private_debt_after_crisis

Elizabeth Warren frame this one very well.



Education is also under attack. It is sad to see how investment in everyone future can be commercialize to the extend that the young get cripple with a life time debt.

I for one any austerity cut that impact basic needs ( safety net is not by the people for the people ) are merely income transfer for the many to the few.

Why bailout the bank. Bailout the people. Cut on safety net for the many it actually a tax.

These are the real issue. The rest are merely divisive issues that was created to ensure that the general public get so divided that they forget about intelligent discourse on the real problems.


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