imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Subscribe Calendar Publish RSS
Tell the NSA: StopWatching.US

Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

CopWatch LA

ABCF LA

Activist Video

Dope-X-Resistance-LA List

LAAMN List





IMC Network: www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech
printable version - json version - email this article - view hidden posts - tags and related articles
link:

Social Inequality in America

by Stephen Lendman Saturday, Feb. 02, 2013 at 9:19 AM
lendmanstephen@sbcglobal.net

injustice

Social Inequality in America

by Stephen Lendman

Islamic Awakening requested an article on this topic. Later publication will follow. Specific questions were raised.

Related issues include imperial priorities, permanent wars, political injustice, wealth and privilege at the expense of popular needs, and deepening hardships affecting millions of Americans.

America's social contact is targeted for elimination. Bipartisan complicity plans it.

Fiscal cliff doublespeak duplicity conceals what's planned. Robbing poor Peter to pay rich Paul is policy. Much worse lies ahead.

Feeding America addressed how yearend agreement terms affect hunger. Severe harm was inflicted or plans are to do so. Food stamps and other anti-hunger programs will be cut when they're most needed. Nutrition programs weren't renewed.

Charitable deductions will be limited. Less will feed hungry people. Food banks already struggle to cope. Demand way exceeds resources.

Destroying America's social contract matters more than public need. Social injustice is official US policy. Class war raged for decades.

Corporate giants, super-rich elites, Washington, states and local communities waged it against ordinary Americans and won.

Since the 1970s, taxes were shifted inordinately onto middle and low income earners, as well as others most disadvantaged.

Super-rich Americans game the system. Clever lawyers and accountants ease their burden. New ways are found to pay less.

Major corporations pay minimal taxes. Nominal rates are 35% of profits. Out of sight and mind, Obama, Republicans, and key Democrats agreed to 28%.

In the past two years, about 12.4% of profits were paid. Expect much less ahead.

Some profitable companies pay nothing. Others get large rebates. They benefit from tax laws they write. Ordinary Americans bear greater than ever burdens. The worst is yet to come.

Californians did the unthinkable. Last November, they backed a ballot initiative to raise taxes. Ordinary people pay it. Rich ones and corporations game the system to avoid it. Tax laws make it easy to do.

Social inequality in America is unprecedented or close to it. It matches or exceeds 19th century harshness. Protracted Depression conditions affect Main Street.

Poverty, unemployment, homelessness and hunger approach record levels. Millions struggle to get by. Credit cards are maxed out to do it. Retirement savings are tapped.

They're used to pay bills or get loans. Vanguard is one of the largest 401(k) money managers. It said households using either method rose 12% since 2008.

HelloWallet offers Americans "institutionalized financial advice." It said 30% of households earning less than $50,000 annually used one method or the other.

Aon Hewitt surveyed 110 large employers. Nearly one-third of their employees had outstanding loan balances against retirement accounts. Nearly 7% had hardship withdrawals. About 42% cashed in plans when changing jobs. Doing so harms retirement security.

Last November, the Center on Budget and Policy Priorities published a report titled "Pulling Apart." It discussed growing US income inequality.

It said growth "since the late 1970s has not been a geographically isolated phenomenon."

"Nationwide, income gaps between the richest households (as well as) poorest (and) middle-income (ones) widened significantly since the late 1970s."

"The incomes of the country’s richest households climbed substantially over the past three decades, but middle and lower income households have seen only modest increases or actual declines after adjusting for inflation."

Realized capital gains were excluded. Study authors warned its "results show somewhat less inequality than would be the case" by including them.

Findings were bad enough. "Nationally, the richest fifth of households enjoyed larger average income gains in dollar terms each year ($2,550 inflation-adjusted) than the poorest fifth experienced during the entire (previous) three decades ($1,330)."

In the late 1970s, the America's richest fifth households had 5.2 times as much income as the poorest one-fifth. By the mid-2000s, it was 8.3 times. Disparity rises annually. It may now exceed 10 times. In another decade or less it could double today's level.

Socially destructive government policies bear full responsibility. Wealth and privilege alone matter. Ordinary households are sacrificed. Popular needs go begging.

Inequality is institutionalized. Around 100 million working age Americans are jobless. Most others are underemployed. Millions struggle to pay rent, service mortgages, cover medical bills, heat homes, and manage other daily expenses.

America's 1% has more wealth than the bottom 95%. Income inequality is greater than in almost all other developed countries. Chile, Mexico and Turkey alone rank higher.

Until the mid-1970s, younger generations outdid older ones financially. Wages rose in real terms. They no longer keep up with inflation.

High-paying jobs disappeared. Offshoring lost them. Low-paying/poor benefit ones replaced them. Most are temp or part-time. Many don't pay enough to live on.

Plans call for increased harshness. Paul Craig Roberts says America's "economy is not going anywhere but down." Government/corporate race to the bottom priorities assure it.

"Media spin" manufactures "recovery out of thin air." says Roberts. Hard-pressed Americans can explain things better than talking-head economists paid to lie.

Protracted crisis conditions exist. Worse times lie ahead. Social benefit cuts sustain Wall Street, other corporate favorites, militarists, and America's super-rich.

Ordinary households sacrifice to enrich them. They're held hostage. Their future includes neo-serfdom and debt peonage.

For decades, real wages haven't kept up with inflation. Benefits steadily eroded. High-paying manufacturing and service jobs went offshore. Low-wage countries got them. Automated production claimed more.

Technology driven productivity pressures workers to toil longer for less pay and fewer benefits. Corporate monopolies and oligopolies control production, commerce and finance.

Class war isn't new. Today it rages. Popular interests are no match for wealth and privilege priorities.

America's middle class is disappearing. The criminal class in Washington is bipartisan. Complicit with Wall Street and other corporate favorites, the economy was wrecked. Ordinary households were sacrificed for profit.

Capitalist excess bears full responsibility. It's too corrupted, dysfunctional, and exploitive to fix. Political criminals and corporate crooks run America. They benefit at the public's expense.

America isn't fit to live in. Change depends on dismantling it and starting over. Key is putting money power back in public hands where it belongs. Social justice depends on making banking a regulated public utility.

Banks too big to fail shouldn't exist. Insolvent ones should be shut down. Others should be broken up and regulated. Banksters profiteering from fraud should be prosecuted and imprisoned.

America's resources should be used for growth. Job creation should be prioritized. People with money spend it. Corporations and super-rich elites should bear the greatest tax burden.

Popular needs should be responsibly addressed. America's manufacturing base should be rebuilt. Neglected infrastructure rebuilding is vital.

Social Security, Medicare, Medicare, public pensions, and other vital social benefits should be protected, sustained, strengthened, and improved.

Anti-trust laws with teeth are needed. Monopolies and oligopolies should be broken up and controlled. Energy, healthcare, communications, and other vital industries should be regulated as public utilities.

Profiteering at the public's expense should be criminalized. A better world is possible. Wishing won't make it so. Nor will elections throwing out old bums for new ones.

Ordinary people are responsible for their own well-being. Their futures lie in the balance. Sustained commitment can assure better ones. If that's not worth struggling for, what is?

Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net.

His new book is titled "Banker Occupation: Waging Financial War on Humanity."

http://www.claritypress.com/LendmanII.html

Visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

http://www.progressiveradionetwork.com/the-progressive-news-hour

http://www.dailycensored.com/social-inequality-in-america/
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Local News

Kassim Alhimidi convicted of murder A17 8:33PM

Members of Bundy Family Explain Bundy Ranch Stand-Off With Bureau of Land Management (BLM) A17 1:03AM

Here's some interesting privatization connections in regards to the LAUSD District 1 race A15 4:25PM

Rock, Rap & Speakout vs Poverty, Prisons & War A13 3:16PM

Report Back: 4th Annual Hahamongna Walkabout A13 2:33PM

Pacifica Exe Director position is in confusion still putting KPFK at risk A10 3:52PM

Bernard Duncan, prior GM of KPFK is still in play A08 5:01PM

San Diego May Dai Workers Film Festival A06 5:11PM

Southern California Joins Worldwide Wave Of Action A05 2:31AM

Pacifica board members named here, who attempted ousting ED A04 1:06PM

LA Weekly promotes a slanted view of Pacifica/ KPFK A04 10:36AM

More Info about Pacifica, which holds KPFK's license, etc. A03 2:08PM

Listen to KPFK's staff talking to Pacifica Exe Director M29 7:31PM

Pacifica IS also KPFK, so let's not ignore what going on M29 5:42PM

Reported excerpts of Pacifica's - and that's KPFK's - incidents happening - update M29 5:14PM

Repost from Counterpunch re Pacifica - KPFK too involved M29 2:10PM

Forever intertwined: KPFK, WBAI, Gary Null ? M28 4:10PM

Why is KPFK still failing to thrive ? M28 3:32PM

GLOBAL DAY of ACTION for the Indonesian Rainforests! M27 3:06PM

Opponents of SB County Jail's Letter Ban to Share Progress, Next Steps M27 9:58AM

Pacifica Radio, Rwanda, and DR Congo M26 2:29PM

International Multicultural Literary Magazine Features Armenia in Spring Issue M25 11:14AM

Why is KPFK still failing to thrive ? M24 9:10PM

Home-less-free occupying is not a free ride either M24 8:46PM

The US Occupy Movement - Since the Eviction from the Squares M21 6:32AM

Protest Against Latest U.S. Meddling M20 9:17PM

FOIA Request Results for LVIMC M20 12:22PM

black activista, white racists meet to discuss civil rights M01 12:55PM

More Local News...

Other/Breaking News

Arythmie du capital A19 5:33AM

Dissent within after article, Profound Arrogance at UN. A19 4:20AM

Arythmie du capital A19 4:06AM

Dissent within after article, Profound Arrogance at UN. A19 3:25AM

Kiev Violates Four-Party Agreement A19 12:50AM

Fake Donetsk Letter Circulating A19 12:49AM

Dissent within after article, Profound Arrogance at UN. A18 7:43PM

Michael Ruppert dead. A18 6:17PM

Pacifica voting in secret with no accountability? Is this part of KPFK ? A18 3:39PM

Flashback to 2003: "Major combat in Iraq is over, U.S. warns rogue Syria" A18 11:40AM

Supreme Court Hears Argentina Predatory Hedge Fund Discovery Case A18 10:28AM

The Shortwave Report 04/18/14 Listen Globally! A17 4:50PM

Four-Party Agreement on Ukraine A17 1:35PM

An Event for All Musicians... and Bring Your Dad for FREE! A17 11:08AM

LION ARK ROARS AND THE AUDIENCE PURRS: RESCUE DOCUMENTARY PICKS UP SIXTH AWARD A17 11:03AM

Ukraine on the Brink A17 12:39AM

More NATO Forces for Eastern Europe A17 12:36AM

Obama Heads for War in Ukraine A16 12:44AM

Israel Seeks Regional Anti-Iranian Alliance A16 12:39AM

Duplicitous Human Rights Misinformation on Ukraine A15 12:12PM

The Augean Stables Of US Justice From Prosecutors To Supreme Court A15 9:21AM

Paraphysique des droites A15 8:51AM

Public Relations - Propaganda as an Economic Branch A15 5:44AM

Duplicitous Obama Civil Rights Hyperbole A15 12:48AM

Ukrainians Resist A15 12:47AM

Navi Pillay: US Imperial Tool A14 12:55PM

The Neoliberal Model: Profits without Investments A14 5:46AM

Celebrate the RH victory in the Philippines, continue the struggle A14 2:21AM

More Breaking News...
© 2000-2003 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy