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Wealth Inequality in America Solution is Either Localization or Revolution

April 16, 2011


The war against working people should be understood to be a real war…. Specifically in the U.S., which happens to have a highly class-conscious business class…. And they have long seen themselves as fighting a bitter class war, except they don’t want anybody else to know about it.

– Noam Chomsky

There are several very good resources on the status of wealth in America in this post. They are listed further below. My own views on how to change this dynamic are several. Here they are and they are all doable and must be done to save ourselves from plutocracy – corporatism, oligarchy, and privatization. The only other way is to have upheaval and possible revolution like the French revolution when the French people rose up and killed the oligarchs and outlawed corporations; and with good reason – they were predators feeding off the masses. I am afraid we have arrived at such a point.


– Skip over buying at companies like Wal-Mart, Target, Verizon, etc. Stop buying from large corporations as many are involved in tax dodging, overseas hiding of assets, investing in overseas labor, labor lawsuits, and lobbying efforts against the betterment of the everyday American in their quality of life. They are anti-tax, anti-union, anti-environment, anti-regulation, anti-public healthcare, and anti-civil-rights. Verizon is on the list as they helped the Bush administration spy on Americans post-911 and they are against net neutrality.

– Refrain from investing in the stock market where large corporations and banks benefit the greatest from small investors and 401k contributions, thus empowering them even more.

– BUY LOCAL FROM LOCAL COMPANIES TO KEEP THE MAJORITY OF WEALTH IN THE LOCAL ECONOMY. The goal is to strengthen LOCALIZATION currently running in parallel to Globalization; LOCALIZATION must become the locus of our labor efforts AND spending habits. It is the key to shifting wealth back to the majority of everyday Americans because we all live locally.

These three things could turn the tide in wealth distribution. When we spend money locally at locally owned small businesses (a small business in America is deemed by the SBA as making $25 million a year or less), that money will stay largely in the local economy. We are shifting where we spend our money and that will make all the difference in the world – literally.


15 Mindblowing Facts About Wealth and Inequality in America — see these charts

Here is one chart from the Nation as shown in the article:

– The Richest 1% Have Captured America’s Wealth — What’s It Going to Take to Get It Back? click here to read

Excerpt: just look at the first full year of the crisis when workers lost an average of 25 percent off their 401k. During the same time period, the wealth of the 400 richest Americans increased by $30 billion, bringing their total combined wealth to $1.57 trillion, which is more than the combined net worth of 50% of the US population. Just to make this point clear, 400 people have more wealth than 155 million people combined.

Meanwhile, 2009 was a record-breaking year for Wall Street bonuses, as firms issued $150 billion to their executives. 100% of these bonuses are a direct result of our tax dollars, so if we used this money to create jobs, instead of giving them to a handful of top executives, we could have paid an annual salary of $30,000 to 5 million people.

Why Obama’s Economic Plan Will Not Work—And a Better Planclick here


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