Wednesday, October 29, 2008

Heads must roll and butts go to prison, real prison for very long times.

"We the people of the United States, in Order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare and secure the blessings of liberty to ourselves and our posterity do ordain and establish this Constitution for the United States of America."
 
There have always been Social classes in the United States. In the Colonies there were Nobility, Gentry, Middle class, Lower Middle class, and Slave class. In modern America we had Upper class, Middle class and Lower class. With the rise in the number of millionaires and billionaires Upper class subdivided into Upper class – Old Money, Upper class – New Money and we are now moving towards super-rich (1%) and sub-rich (99%).
 
Anyone who speaks of inequality in America is branded a "Marxist." But it doesn't take a Marxist real or alleged, to see that America is being polarized between the super-rich few and sub-rich everyone else. Since 1979, the share of pretax income going to the top 1 percent of American households has risen by 7 percent to 16 percent and at the same time, the share of income going to the bottom 80 percent has fallen 7 percent.
 
One financial journalist thinks "as long as the middle class is still trudging along and the poor are not starving flamboyantly in the streets, what does it matter if the super-rich are absorbing an ever-larger share of national income?"
 
In that view whether professional athletes get 100 times or 200 times what I earn is irrelevant.  
 
The professional athlete example hides the reality that a great deal of the wealth at the top is built on the low-wage labor of the poor.
 
A lot of today's wealth is being made in the financial industry by means mysterious to the average American and does not appear to involve much labor; we are all paying the price via the "bailout."
 
The super-rich bid up the price of goods that ordinary people also need --- housing for example. The urban poor are being moved into overcrowded suburban ranch houses, while billionaire's horse farms displace the rural poor and middle class. The rich can pay tuition's of $40,000 and up making college education increasingly a privilege of the upper classes.
 
The concentration of wealth at the top is routinely used to tilt the political process in favor of the wealthy.
 
Those who threaten the security of our country whether by acts of terror or war, by criminal acts or acts of greed must be held accountable.  Deregulation of financial companies only works if those in control are honest, ethical, and moral which has proven to not be the case.
 
Heads must roll and butts must go to prison, real prison for very long times.
 
 
 


Regards,
John Jenkins
865-803-8179 cell
Gatlinburg, TN
Email: jrjenki@yahoo.com 

Fibonacci: It's as easy as 1,2,3.

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