Sunday, March 24, 2019
In 1982, when Ronald Reagan's massive tax cuts for the wealthy took effect, America's aggregate wealth was around $10 trillion. Since then, it's increased ten-fold, and the concentration of wealth has surpassed the Gilded Age of the 1900s. America's richest families, the Kochs, Mars, and Waltons, inflated their wealth by 6,000%, while the median American family treaded water. African-American households got clobbered with a 50% decrease in median household wealth. And after all that growth, 40% of American adults don't have the cash to handle a $400 emergency expense. Clearly, the trickle down theory does not work. On the other hand, dividing today's $100 trillion American pie evenly among its 125 million households would give each household $800,000. Any claim the pie isn't big enough to provide for all Americans is a lie.
By definition anything the US says or does is in support of peace, freedom and democracy, but it must always be consistent with US Corporate objectives or its not peace, freedom and democracy.
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