Wednesday, September 8, 2010

America's Increasing Inequality and warnings from 2 500 yrs Ago

America's inequality has of late resurfaced, with worrying concerns, hence why the American model can never be a model for a free world. Inequality of income tells you a real story, far more than does say having elections, having elections is often a gimmick for the wealthy to say to the less wealthy you participated, for those with power to fool others into believing they are part of some decision making process. Latest available figures are for 2007/ 2008, be sure that after this recession the figures are much worse.

Quoting from an article written by Timothy Noah for Slate magazine, entitled "The United States of Inequality", "Today, the richest 1 percent account for 24 percent of the nation's income. What caused this to happen?"

When one looks at the Gini Coefficient one finds that the USA is the richest country in the world with the 42nd most unequal distribution of income, Cameroon, Cambodia, China, Malawi all have a more equal distribution of income. This is simply caused by policies that are more business friendly rather than citizen friendly, where a business has more rights than an individual, where in the case of America, business can demand protection from tax payer in the name of the US Army invading countries to make it safe for American interest, whilst exporting jobs away from the very system that protects them and demand a tax break and tax loop holes for exporting those very jobs.

Noah also says "Yet few of these experts have much idea how to reverse the trend. That's because almost no one can agree about what's causing it." Argue along and destroy the individual, because even 2 500 years before these economists Chinese philosophers knew there was a problem, the likes of Plato, Aristotle, Socrates, of course did not care for this, these are people who favored slavery and called it their fate to be slaves, that is a Western mentality, but Chinese philosophers where very much concerned about income inequality at the same time when the likes of Plato said it is ones fate to be a slave and have no income to speak of income inequality, to answer Noah's concern, Plato, Aristotle, and Socrates would say it is their fate that income is so unequally distributed. Do not read these people if you want to be mature mentally.

Quoting from Ta Hsueh and Chung Yung, "Thus it is that whenever wealth is concentrated in the hands of the few, the people will be scattered; and when wealth is dispersed widely, then the people are brought together." America every election is getting more and more polarizing, it does not matter if one is right or wrong any more, it only matters his skin color and political affiliation, because the wealth is concentrated on so few, it will, it must tear that Empire apart, because America is an empire, built over the lands of such peoples as the Apache, Cherokee, Shawnee, Comanche, and countless others, it is an Empire, all Empires are built on the subjugation of the locals, as the Roman Empire, subdued, the French, Germans, and Britons, but had the heart not to wipe them out like vermin.

The only thing that can save American Empire, even if it says Republic, it is a Republic Empire then, is the free market, but where there is honesty there can be no free market, the honest fact that when one receives billions of dollars like Wall street they should be grateful, instead they immediately claim the government is hindering their progress, the same government that just saved its skin, never have the such as Goldman Sachs walked the earth, Obama a Hitler after giving you money, therefore when somebody gives you wealth for nothing they are still evil, it is not enough. Insurance companies where given billions to survive now say they must raise rates because the very government that bailed them out is introducing bad policies, when they should be out on the streets without the shirts they are wearing, such hypocrisy is not good, but it is good for Russia and China, as they have internationally and domestically actually been truthful. With America out of the way, there might be a more compassionate world, therefore maybe to them income inequality is fantastic, keep up the propaganda Forbes, say it is genetic superiority and then go and rob the tax payers it might be good for the world in the long run. Help them along tea party, billions might be grateful, do not give the small and medium sized business' tax cuts because a black president supports it, please keep denying that exports of jobs has nothing to do with trade theory because a black said financial crises not caused by banks but by slowly degrading the middle class and exporting their jobs, try and steal it back from wall street.

Bhekuzulu Khumalo

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Bhekuzulu Khumalo

I write about knowledge economics, information, liberty, and freedom