The Root of Rising Inequality: Our “Lawnmower” Economy (hint: we’re the lawn)

STRAIGHT LINE LOGIC

In a global economy in which debt is the foundation (see Debtonomics Archive), it should come as no surprise that debt merchants have done better than most. It should also come as no surprise when myriad debt bubbles eventually pop and the global economy is put through the wringer. From Charles Hugh Smith at oftwominds.com:

This predatory exploitation is only possible if the central bank and state have partnered with financial Elites.

After decades of denial, the mainstream has finally conceded that rising income and wealth inequality is a problem–not just economically, but politically, for as we all know wealth buys political influence/favors, and as we’ll see below, the federal government enables and enforces most of the skims and scams that have made the rich richer and everyone else poorer.

Here’s the problem in graphic form: from 1947 to 1979, the family income of the top 1% actually expanded…

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Militant Socialism in America | American Thinker

“…For the past four years, the Obama administration has created a Franco-German welfare state whose sole purpose is to forge a majority political coalition wedded to the Democratic Party.” The explosion of food stamps, the bailouts — all translated into an ‘I got mine, not gonna worry about anybody else‘ mentality that has ruptured this country into two camps:  There are those who pay and there are those who expect the payment without any effort on their part…

Which is why the 1952 piece by Elia Kazan titled “Where I Stand” needs to see the light of day again…” click here: Militant Socialism in America

“Atlas Shrugged” | Hal Lindsey Report for 11/16/2012

click here to jump to video at Hal Lindsey’s site

A Looming Tax Grab Will Also Have A Significant Impact On Middle-Class Americans | IBD

Imagine if your taxes tripled — literally overnight.

The so-called Bush tax cuts are set to expire at the end of the year. That means that all of the current income tax rates will rise to pre-2001 levels overnight. The lowest rate will jump from 10% to 15% and the highest from 35% to 39.6%. Although Congress extended all of the cuts at the end of last year, some Democrats have pledged to let the tax cuts expire for the “rich” — individuals making $200,000, and $250,000 for families. Continue reading