A PPSh assembly line, probably somewhere behind the Ural moutains.
"Statistics from South Carolina highlight the lottery’s reliance on low earners: people in households earning under $40,000 made up 54 percent of frequent players, while constituting only 28 percent of the state’s population. Meanwhile, a PBS report earlier this year showed that, for America’s very poorest, the lottery is a heavy expenditure: Households that earn at most $13,000 a year spend 9 percent of their money on lottery tickets."
The Immorality of What Mitt Romney is Selling
When will we face the fact that no one will ever cost us more jobs than Wall Street did in 2008-2010 and that no one will ever kill more Americans than the 45,000 who die every year for lack of insurance? Our enemies are corporate greed and those pretend that such greed is patriotism.
It’s easy to become distracted by Mitt Romney’s mendacity and obvious lies. I’m beginning to think this is his plan because, when you look at what Mitt Romney is offering the American people, the immorality of it is staggering.
Forget that Mitt Romney thinks the lesson of the Bush crash was that Wall Street should be regulated less, that Medicare needs to be privatized and cost more and that public education needs to be replaced with a giant taxpayer giveaway to corporate interests that will create even bigger disparities between the super poor and the super rich. Forget all that.
Look at two key points of Mitt Romney’s economic plan:
- Households that earn more than $1,000,000 a year will receive an average $250,000 tax cut, an even larger tax cut than the unconscionably large Bush tax cuts for the rich
- Government spending on programs on things like Pell grants, health care for poor kids and food stamps will be cut by 30 percent as the defense budget, which is already near $1,000,000,000,000, grows.
It is vile immorality to suggest that in the middle of a depression for the working class we should take from the general welfare of 99 percent of all Americans to transfer billions to the richest one percent.
Bolding added, because basically, that’s what this comes down to.
Your unemployment crisis is breaking news when it hits 8.2%? Tell me what that level of economic security is like.
The chart to the right is one that I made a while back about the whitewashing of the “wage gap” as it is commonly talked about in the u.s. The stats used are:
- White women 6.5%
- Black women 14.0%
- Latina women 10.7%
- White men 6.1%
- Black men 14.5%
- Latino men 9.7%
- Overall 7.1%
- White women 4.7%
- Black women 10.9%
- Latina women 8.4%
- White men 4.9%
- Black men 11.9%
- Latino men 8.0%
- Overall 5.6%
- White women 3.6%
- Black women 7.1%
- Latina women 6.8%
- White men 3.4%
- Black men 8.0%
- Latino men 5.0%
- Overall 4.0%
- White women 7.7%
- Black women 13.8%
- Latina women 12.3%
- White men 9.6%
- Black men 18.4%
- Latino men 12.7%
- Overall 9.6%
Note that these are conservative counts by the u.s. Dept. of Labor.
So this is breaking news to whom?
In definitely sucks being a black man looking for a job in America *sigh*
"Unfortunately, a lot of young folks haven’t had the opportunity to really understand how the economy works, and what it takes to put people to work in real jobs, and why we have banks, and what banks do. It’s a very understandable sentiment. If you don’t find a job, and you can’t see rising incomes. You’re going to be angry and looking at someone to blame."
Mitt Romney to WBTV in Charlotte, N.C., discussing the protests at Bank of America.
Oh, we young people don’t understand “real jobs” and “what banks do,” yeah?
I argue we do. There’s a lot of us working two and three minimum wage jobs, going to school, graduating, barely surviving, or some combination of the above.
We’re consistently screwed by people like you, Mitt, who gambled with our parents’ retirement, who ensured most of us can never retire, who foreclosed on our families, who laid us off in the name of savings, who pissed away bailouts in executive bonuses and back slaps, as you grin in your expensive suits and tell us repeatedly that we DON’T GET how it works, as you reach into our back pockets for yet another checking account usage fee because we can’t keep a minimum balance, let me tell you…
WE GET IT.
We are fully proletarianized, working ourselves to the bone, paying the same tax rate as you, and praying to whatever is sacred that we do not get sick or injured because we are one paycheck or missed unemployment check away from completed ruin, while you and your cronies line up for another spin at the roulette wheel, your wallets fat from the products of our intellectual and physical labor.
FUCK YOU and your patronizing condescension. Fuck you with the all the fucks my exhausted self has left to give.(via cognitivedissonance)
"Now, just as there was in Teddy Roosevelt’s time, there’s been a certain crowd in Washington for the last few decades who respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If only we cut more regulations and cut more taxes – especially for the wealthy – our economy will grow stronger. Sure, there will be winners and losers. But if the winners do really well, jobs and prosperity will eventually trickle down to everyone else. And even if prosperity doesn’t trickle down, they argue, that’s the price of liberty.
It’s a simple theory – one that speaks to our rugged individualism and healthy skepticism of too much government. And that theory fits well on a bumper sticker. Here’s the problem: It doesn’t work. It has never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible post-war boom of the 50s and 60s. And it didn’t work when we tried it during the last decade."
President Obama, Obama on ‘Trickle Down’ Economics: ‘It Doesn’t Work, It Has Never Worked’ (via darkjez)
‘ENEMIES OF THE FIVE YEAR PLAN’
VIKTOR DENI, 1931.
It’s sad because it’s true… I’m not so sure the social wedge issues are going to whip up the same old base as much anymore. 2012 will be interesting.
Whatever you do: don’t hurt the job creators!
"Rich people hate class warfare because it’s the only kind of warfare they can’t get poor people to fight for them."
Mike Drucker (via dirkhanson)
A Harvard business prof and a behavioral economist recently asked more than 5,000 Americans how they thought wealth is distributed in the United States. Most thought that it’s more balanced than it actually is. Asked to choose their ideal distribution of wealth, 92% picked one that was even more equitable. Check out the rest of our inequality charts here.