wpe50.jpg (1913 bytes)      TigerSoft News Service    10/19/2009         www.tigersoft.com    
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                             THE MURDEROUS CONSEQUENCES
                       OF AMERICAN INEQUALITY


                    "La majestueuse égalité des lois, qui interdit au riche comme au pauvre de
                     coucher sous les ponts, de mendier dans les rues et de voler du pain."

                     Translation:
                    "The Law, in its majestic equality, forbids the rich, as well as the poor, to sleep
                    under the bridges, to beg in the streets, and to steal bread." (Le Lys Rouge)
                    Anatole France also wrote: "
Of all sexual aberrations, chastity is the strangest."


                                   wpe2521.jpg (38213 bytes)

                    "In our country ... one class of men makes war and leaves another to fight it.
                     General William Tecumseh Sherman, 1820-1891.   Returning American
                     veterans are committing suicide at the rate of 120 a week. (CBS-11/17/2007)

                    ""I had other priorities in the '60s than military service." VP Cheney, architect,
                     promoter and beneficary of the American War on Iraq.                      

                    “There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class,
                     that’s making war, and we’re winning.”

                   
"The rich are tolerable only so long as their gains appear to bear some relation to
                      roughly what they have contributed to society.
"   John Maynard Keynes



        This Essay and Study Will Grow and Grow Each Day, I Promise.

                                              by William Schmidt, Ph.D.

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            THE STARKLY BLEAK CONSEQUENCES OF 
             ACCELERATING AMERICAN INEQUALITY:

  Wealth, Earnings, Education, Health, Housing and Opportunity

                                                     by William Schmidt, Ph.D.

                    For thirty years, a class war has been waged in the US.
           Now we see what happens when one side barely fights back.
           Real wages in the peaked in 1978. How would you like to
           feel going 30 years without a wage increase?  And it was not
           because workers did not get better or more productive. 
           Productivity per worker more than doubled since 1978.

             
             
wpe16E.jpg (4319 bytes)
                 ( Source )
     

               
The US has the bleak distinction of being the 3rd most
           unequal country in the world, according to a new UN study.
           The Grand Canyon sized gap between the rich and the poor
           is worse only in Hong Kong and Singapore.  Why do I say this
           is so terrible?  Please, if you have to ask, you need to see how
           the other 90% live and ask basic questions about why we
           pretend t be a Democracy. Preponderant Inequality means
           preponderant poverty.   It means suffering, ill health, frustration,
           anger, high crime, social fear and early deaths.  It means wasted,
           unproductive, uneducated lives.  It means lazy, self-indulgent,
           seld-centered, hypocritical   hedonism, where servility to the
           rich are placed at a higher value than hard work and creativity.

                                  Economic Canabalism
          
          The "middle class" is slipping, closer and closer to poverty.
          A woman wrote me today about how over-whelmed she feels.
          She has $3000 in expenses and $600 in income.  Her business
          has evaporated.  In desperation, she is selling a multi-level|
          marketing legal services plan to other people, as desperate
          as she is.  When one worries about money, every hour of the
          day, it's not much of a life.   Anger and frustration grow.  If
          there is not a dramatic improvement in incomes and jobs
          very seen, the murder rate, the divorce rate and the child abuse
          rate will go up to levels that will shock the compacent.   Here is
          a poster someone put up in London recently.  This is not
          what Americans want.  But people can only be pushed so
          far and so long.

                      classwar_05.gif (7842 bytes)

         
          One thousand individuals were worth a BILLION Dollars. 
          Who needs a billion dollars?   Who needs a 10 million dollars?
          What if all this private wealth was taken away and used to create
          universal health care and education, a job guarantee for everyone,
          and an immediate repairing of America's exhausted infrastructure
          of bridges, railroads, dams and levees?   The media does not
          ask these questions?   Apparently, these people are too frightened
          by their bosses and advertisers to ask these questions.  Because
          no one asked these questions, the rich have won the undeclared
          class war... until now. 

           A new Harvard study says that 45,000 are killed each year by
           the lack of health insurance.   This is more than drunk driving
           and homicide combined. Adults 64 and younger who lack health
           insurance have a 40% higher rate of dying. A similar study in
           1993 found a 25% high risk of death.  There are millions more
           now who lack health insurance and so wait until they are very
           sick to get medical attention.  Sadly, the study did not show how
           much at risk are those with $5000 deductibles also of dying because
           they also cannot afford to see a doctor or get prevetative checkups.
           This is murder!  Shame on those who tolerate this in the name
            of capitalism.   Capitalism should be liberating, not murderous. 
            My brother is in this situation. But, at least, he can drive 500 miles
            to a VA hospital in Montana.

                                    Malnutition and Hunger

            The US Agricultural Dept. reports that last year one in seven American
             households was not getting enough FOOD to live.  Lack of jobs,
             exhaustion of all financial resources, onerous qualifying conditions
             to get food stamps, Food Stamps' inadquacy as food prices rise
             and the lack of homeless shelters and food banks are to blame.
             Nearly 17,000,000 children do not get enough food!  (Source. )


                                   Trillions for Wall Street Con-Men. 

           Disillusionment with Obama is growing.  Millions feel betrayed
           by his subservience to Wall Street.  

           Geithner Aides Reaped Millions Working for Banks, Hedge Funds  Bloomberg
              Goldman Sachs: Overlords-R-Us
              Goldman Sachs has announced  that it is more than double its bonus pool:
              from 11 billion in 2007 to 23 billion in 2008. 

           Not surprisingly, the man who is now the Inspector General of the
          TARP bailout billions loans for banks admits that  "
the Treasury's actions
           in this regard have contributed to damage the credibility of the
           program and of the government itself, and the anger, cynicism
           and distrust created must be chalked up as one of the substantial,
           albeit unnecessary, costs of TARP.
" Barofsky said public suspicion
           was fed by the Bush and the Obama Treasurys' decision not to
           require banks to report how they used their "rescue money" and
           its "less-than-accurate" statements describing the financial
           condition of nine large banks that benefited from large infusions of aid
           ( Source )

           Conservatives, too often, see a trade off between Equality
           and Growth and Corporate Profits.  Personally, I think that
           Wall Street capitalism has failed and must be changed dramatically.
           Wall Street execitives are paid 100 to 1000 times their social
           value.  But leaving that aside, it can readily be shown that
           America simply cannot afford to ignore the chasm between
           the rich and poor if it still wishes to compete internationally
           and not waste limited public resources on prisons,  subsistence
           tokens for millions and crowded emmergency rooms serving
           those who cannot afford basic preventative care.  The main
           reason there is a financial crisis now is because so many people
           have so little money to buy basics. 

           Imagine for a minute if we had a truly democratic Government.
           If the 3 trillion dollars given so quickly to banks by the Government
           had instead gone to the 300 million Americans, each of us would
           have received a checl for $10,000.  The 95% that own only 5%
           of the country's wealth would almost certainly have spent every
           penny of it on basics.   None of them would be speculating on
           Gold.  The Dollar would be stronger.   This spending of $2.8 trillion
           dollars would have given the economy a huge lift-off boost.
           Lay-offs would have stopped.   The Federal Government would be            
           collecting taxes instead of printing paper.  And Wall Street prices
           would still have risen sharply, because corporate profits would
           have quickly rebounded.   The only difference would be that we
           would live in a world no longer run by Goldman Sachs, Bank of
           America or Citi Group.   They would be defunct.  They would have
           failed and local banks would have been given a chance to take
           their place.      

            Read the 1994
Children’s Defense Fund's  (CDF)
             “Wasting America’s Future: The Children’s Defense Fund Report on the Costs of Child Poverty.”
                       
                      Conservatively, they reckon that the yearly costs associated with future reduced
               worker productivity and employment due to poverty among children may 2.5% of GDP.
               That's $325 billion dollars in "lost economic activity".   Sadly, this study makes
               no effort to account for the losses stemming from the long-term health effects of poverty,
               nor does it include the resulting much higher costs of crime or incarcerating 1% of the
               entire population!   Source.