By: Juan Reynoso, activist - voteforamerica@gmail.com
http://anticorruptionact.org/. STAND FOR AMERICA http://www.teaparty.org/
"Americas must realize that self-scrutiny is not treason. Self-examination is not disloyalty."
Fellow Americans let’s end this corporate greed.
Fellow Americans, since President Lyndon Johnson waged the war on poverty 50 years ago, Poverty in America is worse. Today more than 50 million Americans live below the poverty line, the poor are worse today than when President Obama took office in 2008.
According to the United States Census Bureau, it reported that the income inequality between the richest and poorest people grew to its widest in 2012, as the census recorded 46.2 million people living in poverty, today is 50 million and more. According to Michael Cembalest, the chief investment officer of JPMorgan Chase, as of 2011, corporate profit margins have reached levels not seen in decades and reductions in wages and benefits of the American worker’s compensation is now at a 50-year low relative to both company sales and US GDP. From 1992 to 2007 the top 400 earners in the U.S. saw their income increase 392% and their average tax rate reduced by 37%. The share of total income in America going to the top 1% of American households after federal taxes and income transfers increased from 11.3% in 1979 to 20.9% in 2007.
The 2013 study by Thomas Piketty and Emmanuel shows that the rise in the share of total annual income received by the top 1%, which has more than doubled since 1976, has had a significant effect on overall income inequality in America. Also in 2013, the Economic Policy Institute noted that even though corporate profits are at historic highs, the wage and benefit growth of the vast majority of Americans has stagnated. The fruits of overall growth have accrued disproportionately to the top 1%.
Who are the top 0.1 percent; they are executives, managers, supervisors, city managers, Police chief, Fire Dept. Chief and financial professionals. More than half of them work in closely held businesses; the five most common professions being managers, physicians, administrators, lawyers, and financial specialists. Doctors are more likely than any other profession to be in the 1 percent. According to PolitiFact and others, the top 400 wealthiest Americans have more wealth than half of all Americans combined.
Rising income inequality has been linked to the political polarization in Washington DC. Corporate USA control Washington. According to a 2013 study published in the Political Research Quarterly, elected officials are more responsive to corporate influences and the upper income bracket and ignore lower income groups.
Fellow Americans, the big picture is the enslaver of the American working class, the monetary incentive to protect the concentration of wealth on the rich, is aimed to the government, key lawyers, the Army and law enforcement. Americans need to wake up and see this ill economic strategy to control the US and world economic. We need to connect the dots, since Ronald Reagan they start this aggressive take over by the use of military intervention, free trade treaties, the outsourcing of jobs and control of foreign government by bribery and corruption, for the purpose of controlling the natural resources of the third world nations. We become the world’s bully and the economic predators of the world and deprive Americans and the world working class of a humane living wages.
Fellow Americans, Let’s end this shameful history of American exploitation we must demand a just compensation for the people that create wealth for the rich capitalist sector. The truth is that wealth is created by labor and capital, 70% labor and 30% capital, labor comprises of physical energy, intellectual input and life of the worker, money is the means to capitalized capital equipment and infrastructure. To provide an environment for peace and prosperity we must value humanity and introduce a minimum wage, this will countervail a decline of wages in the low-pay workers. A minimum wage could also be good for the economic because the poor will expend in goods and services and re-store the dignity of the American worker, let’s face it; Americans do not want charity they want to be self-sufficient; this is an opportunity for the government to limit payments for welfare benefits. Moreover, a minimum wage would, motivate employees to be more productive.
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Sources for this article include:
War on poverty is worse with Obama. 50 million Americans living below poverty line
http://www.newsmax.com/Newsfront/poverty-line-grows-under/2014/01/08/id/545892/
American labor history
http://www.dol.gov/dol/aboutdol/history/chapter1.htm
Race poverty and exploitation
http://reimaginerpe.org/node/856
America's new "Black Gold": Exploitation of African-Americans for Corporate Profits
War Workers: Exploited to Toil on U.S. Bases in Afghanistan
http://www.democracynow.org/2014/3/10/war_workers_vulnerable_foreign_laborers_swindled
Declaration of Human Rights
Article I
All human beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood.
Article 2
Everyone is entitled to all the rights and freedoms set forth in this Declaration, without distinction of any kind, such as race, color, sex, language, religion, political or other opinion, national or social origin, property, birth or other status.
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