If the $81.8 trillion were divided equally among the 318 million people who live in the United States, there would be just over $250,000 for every man, woman and child. Poverty would be virtually abolished at a stroke. Hunger, homelessness and other forms of social deprivation would be dealt a death-blow.
But under capitalism, a social order based on profit and the accumulation of vast private wealth, such an equal division of society’s resources is unthinkable. Instead, America in 2014 is a spectacle of ever-increasing riches at the top and steadily worsening conditions of life for the majority of the population.
Income
inequality grows four times faster under
Obama than Bush
The study noted that, in the aftermath of the Great
Depression, the US undertook policies “during the New Deal [that] permanently
reduced income concentration until the 1970s.” In contrast, the study noted a
striking absence of any measures to reign in social inequality in the present
crisis. Far from it, the Obama administrations’ bank bailouts, austerity
program and wage-cutting policies have vastly expanded the prevalence of social
inequality.
SOARING POVERTY IN AMERICA – SOARING PROFITS FOR WALL STREET
CRONY CAPITALISM: HOW OBAMA KEPT HIS PROMISE TO MAKE THE
RICH RICHER AND VOTING ILLEGALS GET OUR JOBS, WELFARE AND LA RAZA SUPREMACY OFF
THE GRINGOS’ BACKS.
OBAMANOMICS AT WORK:
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