"To secure these rights, the working class must be organized in a political struggle that takes direct aim at the wealth and prerogatives of the financial aristocracy. Capitalism, which ensures the inalienable right of the rich to profit, must be overthrown and replaced with socialism, the reorganization of society on the basis of equality and social need."
TRUMPERNOMICS:
THE SUPER RICH APPLAUD TWITTER’S TRUMP’S TAX CUTS FOR THE SUPER RICH!
"The tax overhaul would mean an unprecedented windfall for the super-rich, on top
of the fact that virtually all income gains during the period of the supposed
recovery from the financial crash of 2008 have gone to the top 1 percent income
bracket."
Macron Losing Police: Interior Minister Meets Unions as Cops Complain of Cuts, Strain, Threaten ‘Go Slow’
1:06
PARIS (AP) – France’s interior minister is to meet with representatives of police unions, following complaints about strained resources in the wake of five straight weekends of violent protests.
Christophe Castaner has said on Twitter that he is to meet union representatives Tuesday evening.
Two police unions complained Monday about working conditions and strained resources in light of the past few weeks of protests, which have seen officers sent in to clear road blockades and control demonstrations.
Breitbart TV
The Alliance union has urged the government to invest in law enforcement while calling for a work slowdown Wednesday to protest planned cuts in the national police budget.
Another union, UNSA, said its members would only provide minimum services Tuesday and has asked to meet with French President Emmanuel Macron.
Why Don’t We Riot Over Wealth Inequality?
Tell people their gas
taxes are going up and they will riot, literally. Tell people that 62 individuals hold the same amount
of wealth as the 3.7 billion people who make up the poorest half of the world’s
population and we don’t
blink an eye. Okay, maybe we do a hard blink but
we certainly don’t riot. Or perhaps gas tax
riots are actually severe wealth inequality
riots in disguise?
we certainly don’t riot. Or perhaps gas tax
riots are actually severe wealth inequality
riots in disguise?
France has been
embroiled in mass and violent protests to proposed diesel and gas tax increases
that have forced France’s government to suspend its plans to increase taxes and
to also immediately freeze prices on electricity and home heating fuel. The
proposed taxes, meant to curb climate change by weaning motorists off petroleum
products and to generate funding for renewable energy projects, were received
negatively by several sectors of the French population. Their message carried
out by the “gilets jaunes” (yellow vest) movement resulted in violent protests
in Paris and caused four deaths.
A number of U.S.
publications chimed in on the French protests claiming they show a Global Carbon Tax Revolt, claiming that people from Washington to Ontario to France are
saying no to taxing carbon. But what they conveniently portray as a revolt on
carbon taxes (which happens to match their ideological opposition to climate
action) I see as a sign of frustration and impotence over massive wealth
inequality.
Let me explain.
Wealth inequality has
widened all over the world, leaving many people struggling who previously
enjoyed more secure prosperity. In the U.S. and France the cost of living
continues to increase while wages and earnings stagnate for most. At the same
time the top earners seem to accumulate all the wealth: in 2017 Oxfam reported that the top
one percent secured 82 percent of all wealth while the bottom 3.7 billion who make
up the poorest of the world saw no increase in their wealth. Favorable tax policies for the rich in the U.S. and France’s recently approved budget show signs of exacerbating wealth inequality in those
countries, leaving people with scarce resources contributing greater amounts of
their income to basic necessities like housing, food, health care, education,
and transportation. And when government needs to step in to rescue someone from
economic collapse, it seems to only bail out corporations like banks,
automakers, and utilities. Regular citizens do not seem to enjoy the same level of concern
from decision makers about our economic well being.
But why do people
riot over gas taxes and not massive wealth inequality? Because we feel the
economic pain from a gas tax increase more intensely and immediately than
structural systems that help a very small set of people to accumulate wealth.
All people can understand a gas tax increase. Very few people can explain the
income ramifications from the 2017 tax reform approved in the U.S., the largest
tax reform of last 31 years.
In my opinion, the
French gas tax riots stem from the same place as growing resentment towards
immigrants globally, increased scrutiny over social welfare and entitlements,
and growing right wing populist movements: scarcity. People wouldn’t riot over
a gas tax if they could afford it. Instead, people in France are rioting and
some media outlets in the U.S. blame it on the French elite supposedly pushing
their climate agenda on the people. They are wrong.
My proof is California. In the world’s fifth largest economy, residents of California
have made it abundantly clear that we want our state government to act on
climate. We’ve been pricing carbon since 2013, collecting over $8 billion from
polluters to invest in our state to
fight climate change. In our most recent election we also soundly defeated an effort to
repeal a gas tax approved by the California legislature in 2017, which has invested almost $10 billion to
improve the state transportation infrastructure. And there is no sign of our residents slowing down our ambition
and urgency to combat climate change, having recently approved an effort to generate 100%
renewable energy by 2045.
And while all these
actions are good news for climate policy and California, there are warning
signs from France’s gas tax riots. California has not been able to address our
own income inequality challenges, and while our residents continue to support ambitious government
action to fight climate change we have to be very intentional about implementing
strategies that fight poverty and pollution at the same time. In fact, we are not pricing carbon nearly high enough to ramp
down our use of fossil fuels; so if we want California residents to continue to
support our fight against climate change we must address income inequality. We
must do this not so people can afford to pay higher taxes on fossil fuels but
so that people can afford to live, work, play, learn, and prosper in a world
that is healthy, resilient, equitable and thriving. Meaning a world free of
fossil fuels.
This work is licensed
under a Creative Commons Attribution-Share Alike 3.0 License
WILL THE GLOBALIST DEMOCRAT PARTY FOR “CHEAP” ILLEGAL LABOR ULTIMATELY
DESTROY AMERICA?
“Kansas
City is getting more liberal now. The cancer is
spreading everywhere!” Yesterday,
a Townhall columnist
wrote a steadied piece on the full-on Democratic takeover
of Virginia in the last decade, too. I visited there last year—it
felt like Los Angeles, only worse. Americans are finding
that there are fewer places where they can flee from
state’s oppressive governments.
BILLIONAIRES FOR wider OPEN BORDERS TO KEEP WAGES DEPRESSED and AMERICA
FLOODED WITH FOREIGNERS.
But Benioff’s cheap-labor
importation plan would also shrink the income and careers sought by millions of
American college graduates, many of whom will vote in 2020 for or against
Trump.
The nation’s workforce now includes roughly
1.5 million foreign college-graduate contract-
workers who are imported via the H-1B, L-1,
OPT, O-1, J-1, and other visa programs. These
outsourcing workers are not immigrants, but
instead, they are contract workers hired for
one to six years, at lower wages, to take jobs
that would otherwise go to American
graduates.
1.5 million foreign college-graduate contract-
workers who are imported via the H-1B, L-1,
OPT, O-1, J-1, and other visa programs. These
outsourcing workers are not immigrants, but
instead, they are contract workers hired for
one to six years, at lower wages, to take jobs
that would otherwise go to American
graduates.
The Americans’ salary loss, however,
would be a gain for the CEOs who see their profits rise and their
stock options spike as middle-class salaries decline.
EUROPE IN REVOLT!
AMERICA’S PROTECTED CRIMINAL BILLIONAIRE CLASS HEADS FOR THEIR BUNKERS
UNDER WALL STREET.
AMERICA FACES REVOLUTION, CIVIL WAR II OR REVOLUTION AGAINST THE RULE BY
BILLIONAIRES AND WALL STREET
"Vast popular hardship and suffering, on the one hand, and
almost indescribable wealth and social indifference, on the other.
Two parties of the corporate oligarchy, dedicated to war and
political reaction. The impossible economic and political conditions
must produce sooner rather than later the greatest social upheavals
in American history."
"A series of recent polls in the US and Europe
have shown a sharp growth of popular disgust with capitalism and
support for socialism. In May of 2017, in a survey conducted by the Union
of European Broadcasters of people aged 18 to
35, more than half said they would participate in a
“large-scale uprising.” Nine out of 10 agreed with the statement, “Banks and money rule the world.”
35, more than half said they would participate in a
“large-scale uprising.” Nine out of 10 agreed with the statement, “Banks and money rule the world.”
"A
defining expression of this crisis is the dominance of financial
speculation and parasitism, to the point where a arrow international
financial aristocracy plunders society’s resources in order
to further enrich itself."
REVOLUTION STIRS IN AMERICA
“It will more likely come on the heels of
economic dislocation and dwindling wealth to redistribute.”
"Between 2002 and 2015
annual earnings for the bottom 90 percent of Americans rose
by only 4.5 percent, while earnings for the top 1 percent grew by
22.7 percent, according to the Economic Policy Institute. Under the Obama administration, more than 90 percent of income gains since the
so-called “recovery” began have gone to the top one percent."
*
“Our entire crony capitalist
system, Democrat and Republican alike, has become a kleptocracy
approaching par with third-world hell-holes. This is the way a great
country is raided by its elite.” ---- Karen McQuillan THEAMERICAN
THINKER.com
"A defining expression of this crisis is
the dominance of financial speculation and parasitism, to the point
where a narrow international financial aristocracy plunders society’s
resources in order to further enrich itself."
THE BILLIONAIRES’S GLOBALIST DEMOCRAT PARTY FOR WIDER
OPEN BORDERS
the true cost of all that “cheap” labor is passed
along to the middle class.
"This doesn't include the costs
of illegal immigration to society, which provides health care, housing, education, child
care, and legal services to illegal aliens. Even though immigration
advocates claim that illegal aliens do indeed pay taxes, the dollar
amount pales
in comparison to
the cost of the many services they receive."
https://mexicanoccupation.blogspot.com/2018/11/the-globalist-democrat-party-for-wider_29.html
Meanwhile, despite the
highest taxes in the nation, California is $1.3 trillion in debt – unemployment
is at a staggering 11%. California's wacko giveaways to illegals
include in-state tuition, amounting to $25 million of financial
aid. Nearly a million illegals have California driver's
licenses. L.A. County has
144% more registered voters than there are residents of legal voting
age. Clearly, illegals are illegally
voting.
WALL STREET AND THE SUPER RICH PREPARE BUNKERS FOR THE REVOLUTION
BANKSTERS AND BILLIONAIRES
PREPARE FOR THE WORST.
REVOLUTION IS IN LOOMING AND
WILL MARCH RIGHT DOWN WALL STREET FIRST.
"A series of recent polls in the US and Europe have shown a sharp
growth of popular disgust with capitalism and support for socialism. In May of
2017, in a survey conducted by the Union of European Broadcasters of people
aged 18 to 35, more than half said they would participate in a “large-scale
uprising.” Nine out of 10 agreed with the statement, “Banks and money rule the
world.”
"The
ruling class was particularly terrified by the teachers’ walkouts earlier
this year because the biggest strikes were organized by rank-and-file
educators in a rebellion against the unions, reflecting the weakening grip
of the pro-corporate organizations that have suppressed the class struggle
for decades."
“The yearly income of a typical US household dropped by a massive 12 percent, or $6,400, in the six years between 2007 and 2013. This is just one of the findings of the 2013 Federal Reserve Survey of Consumer Finances released Thursday, which documents a sharp decline in working class living standards and a further concentration of wealth in the hands of the rich and the super-rich.”
"The American
phenomenon of record stock values fueling an ever greater concentration of
wealth at the very top of society, while the economy is starved of
productive investment, the social infrastructure crumbles, and working
class living standards are driven down by entrenched
unemployment, wage-cutting and government austerity policies, is part of
a broader global process."
"A defining expression of this crisis is the dominance of financial speculation and parasitism, to the point where a narrow international financial aristocracy plunders society’s resources in order to further enrich itself."
Americans,
Learn From The Yellow Jackets: Stop Running And Start Fighting Back
In
France, the Yellow Jackets (or “Gilets Jaunes” in French) have rushed into the
streets in massive numbers. They are not protesting cuts in the generous
entitlements. They are not throwing fits because they fear
losing one-month paid vacations. The fight is about the increased
fuel taxes—exorbitant taxes on top of the
already high cost of fuel.
But it’s
more. The Macron government,
an aloof, elitism regime, is pushing a globalist, pro-EU agenda, one
which is crippling the quality of life for working Frenchmen, especially in
rural areas and small towns. Mass
migration, bureaucratic wrangling, massive crime and unemployment with
minimal police presence are raving the country. Sadly, this is history
repeating itself as farce. Like now, Western and Northern
France rebelled during the French revolution. The bloodthirsty Jacobins, lead by cat-like
Robespierre, seized power from the French King, but
their so-called reforms in the name of social justice ended up hurting
the very working people they claimed to care about.
The
unrest is also targeting the inflexible, unaccountable EU
bureaucracy. Belgian Yellow Jackets are protesting the main
offices in Maastricht and Brussels. Europeans have started to realize that the
federalization of the continent is not working out as they had hoped. A common
currency, a common market has turned into communistic micromanaging. The
economically stronger countries are expected to carry the costs of the
fiscally weaker nations. The central
planners want open borders, cheap labor, and the resolute silencing of any
disagreement to their plans. A federalized Europe is not working out.
A Frenchman cannot run to Portugal, Spain, or Italy to escape the moral and
fiscal ruin of his home country. French voters have no choice but to fight back
for their rights and dignity in their home countries.
France’s
Yellow Jacket revolt is spreading into the Netherlands as well. The Dutchmen
are just as animated, but less violent, expressing pent-up outrage over similar
issues: excessive taxes, open borders, but also a stifling culture of political
correctness. This subtle anti-free speech tyranny has inhibited a healthy
exploration of difficult issues, but has hindered public safety. Islamic
militants among the teeming masses of refugees are overwhelming Europe,
undermining the tenuous social fabric of the Western World and bringing rampant
acts of terrorism in their wake. Islamic preachers call publicly for full-on
conquest Europe, the imposition of Sharia law, and with it the casting out of
freedom, the democratic process, and civil rights for all. However, law-abiding citizens face criminal penalties for criticizing
Islam, Allah, or for calling out the violent tendencies advocated for in the
Koran. This injustice cannot stand any longer, so the people are taking to the
streets.
Even in
Canada, a small yet growing contingent of Yellow Jacket protests are gathering
in different urban centers, including Calgary, Alberta and
Ottawa, Ontario: the federal seat of the national government. They
are protesting Liberal Prime Minister Justin Trudeau’s carbon tax scheme. They
are also rising up against Trudeau’s lax defense and border control policies.
Seven conservative provincial premiers are pushing back against the
federal government’s insistence on taking in large numbers of Middle Eastern
refugees, but refusing to pick up the costs for this program.
Throughout the
Western World, people are clamoring for the freedom to speak out
against Islam, against the aggressive secular agenda invading their
schools and the government. In general, they are
forcefully denouncing the rogue cult of
progressivism. As the taxes and dead bodies pile up, as the
degradation of the public square becomes more prominent, the citizens are
pushing back.
Contrast
these European uprisings with the United States. Instead of
fighting big statism, Americans are fleeing their home
state in droves. Californians are in mass exodus, including
members of my own family. If they don’t like the blue
state bureaucracy, American citizens enjoy the luxury
of moving to a red state. And yet, this intra-migration
process is hitting a brick wall. Some reliably red states
have been trending blue over the last ten years. After Election
2018, progressives are targeting more of them.
One
contact from New Mexico just witnessed this Democratic
resurgence. The lone Republican Congressman, Steve Pearce, lost
his bid for governor, and his seat flipped blue (likely due to
voter fraud, but no one’s fighting it). “I am planning on moving out
of here,” she told me. But I had to ask: “Where do you plan to
go?” Arizona suffered some Democratic wins. Wisconsin and Michigan will
have Democrats installed in statewide offices next
year. Republicans still control those state legislatures for now, but
for how much longer? Even ruby-red Kansas just
elected a Democratic Governor. Another friend (who had relocated
to the Sunflower State) expressed shock and disdain, even though he enjoys
the much lower cost of living. “Kansas City is getting more liberal now. The
cancer is spreading everywhere!” Yesterday, a Townhall columnist
wrote a steadied piece on the full-on
Democratic takeover of Virginia in the last
decade, too. I visited there last year—it felt like Los Angeles, only
worse. Americans are finding that there are fewer
places where they can flee from state’s oppressive governments.
Americans better learn
the lesson and follow the example of their Yellow Jacket peers: assert
your rights in your home states. Running to Texas is not
the final answer. Texas is combatting a blue
undercurrent already. The seduction of socialism, which gives way to the
specter of communism, has possessed the minds of college students there as well
as in California, Oregon, and Washington State. Don’t flee, fight back,
Americans. It’s time to Make America Great Again, not just find a
redder state to retire in.
The
Founding Fathers didn’t pull up stakes and flee west of the Appalachian
Mountains when the British Empire exacted higher taxes while denying the
American colonists’ equal representation in parliament. If American
citizens don’t like what they see happening at the local level or the state
level in their home states, they need to start fighting back, because there are
fewer places to run to.
Another day, another horror in
America: Five children killed in "
Youngstown, Ohio, house fire
America: Five children killed in "
Youngstown, Ohio, house fire
11 December 2018
Daybreak Monday brought
news of yet another horrific tragedy in the United States. Fire officials in
Youngstown, Ohio, confirmed that five children had been killed, and their
26-year-old mother, America “Amy” Negron-Acevedo, severely injured after fire
engulfed their home late Sunday night.
Negron-Acevedo has been
transferred to the MetroHealth Burn Center in nearby Cleveland. She survived
the fire by jumping out of a second-floor window. Residents on the block were
alerted to the fire as Negron-Acevedo ran down the street, injured, screaming
for help to save her children.
The five deceased
children have been identified as Aleysha Rosario, 9; Charles Gunn, 3; Ly’Asia
Gunn, 2; and Brianna and Arianna Negron, one-year-old twins. Two of the
children were found dead by firefighters who rushed into the house at 434
Parkcliffe Avenue, while three died later at the hospital.
According to neighbors,
the family had only been living in the house for less than half a year.
Negron-Acevedo works for Century Container, a plastic container manufacturer
half an hour’s drive outside Youngstown, where the average wage for a shift
supervisor is less than $13 an hour. Even if she were making this amount, at
full time it would have placed Negron-Acevedo and her children well below the
poverty line, leaving her with the only option of renting substandard housing.
Two firefighters were
injured in the rescue effort, one serious enough to be taken to the hospital
for treatment. Youngstown City Fire Chief Barry Finley told reporters that the
tragedy had also taken a heavy emotional toll. “It’s extremely hard. We have a
relatively young department, and most the guys have children. So, it hits
pretty hard, and the fact that it’s so close to Christmas hits even harder.”
While the immediate
cause of Sunday’s fire remains under
investigation,
temperatures in Youngstown fell into the low 20s
Fahrenheit over the
weekend. During the winter months,
families often turn to unsafe space heaters to avoid high heating bills or
to keep warm when utilities have been shut off over unpaid bills,
contributing to a higher number of house fires.
The tragedy that struck
Negron-Acevedo’s family is not an isolated event. More than 3,400 people were
killed in structure fires across the US in 2017. The majority died in their
homes. Earlier this year, a blaze that consumed a house in Chicago’s Little
Village neighborhood killed ten children between the ages of three months and
16 years old. In that case, there were no functional smoke alarms in the home
to alert the sleeping children to the fire.
Whatever the specific causes and circumstances, such
tragedies arise out of definite social, economic and political processes.
Youngstown is one of
many cities across the Midwest that has been devastated by four decades of
deindustrialization and the destruction of tens of thousands of decent paying
jobs in steel mills and machine shops. Since the day in September 1977, known
as Black Monday, when the Youngstown Sheet and Tube Company announced its
closure, the city’s population has been reduced by more than half.
Today, nearly 40
percent of Youngstown’s residents live below the poverty line. A 2014 report
found that more than 63 percent of children in the city were growing up in
poverty, placing the city just behind Flint, Michigan, with the worst child
poverty rate in the country. The destruction of jobs and the explosion in
poverty that followed the economic crisis a decade ago has fueled an opioid
overdose crisis across the US, with the region around Youngstown a center of
the crisis in Ohio. Last year, 245 people died of drug overdoses, an increase
of 23 percent over the previous year.
With its property tax
base wiped out by factory closures and ensuing depopulation, the city has
struggled to cover the cost of basic social services, including the fire
department. Earlier this year, the city removed one firetruck from service and
demoted nine firefighters in order to cut their pay, as part of an effort to
cover a projected $15 million budget shortfall for the city over the next five
years. “We all have to tighten our belt to be more fiscally responsible with
the city’s money,” Fire Chief Finely told media at the time.
That such sums could
constitute a financial crisis is exposed as absurd by the fact that Ohio’s
richest man, Les Wexner (net worth $6.1 billion), owns a $100 million yacht,
enough to pay the salaries of more than 2,200 firefighters for an entire year.
The vessel, which goes by the name Limitless, is one of the
world’s largest private superyachts, specially built in 1997 by German ship
maker Lürssen for Wexner, the chairman and CEO of L Brands corporation
(Victoria’s Secret).
Indeed, limitless sums
are made available for the whims of the
corporate and financial elite, while basic social
services are decimated—with the inevitable consequences.
The destruction of
Youngstown has been overseen by Democrats and Republicans at the state and
local level, with the city being hollowed out over the last 40 years under the
control of Democratic mayors. Nationally, under Obama and now Trump, there has
been an intensification of the assault on the working class. Whatever their
conflicts, both parties agree on the transfer of wealth from the working class
to the rich, while hundreds of billions are allocated every year to finance the
weapons of destruction and war.
The United Auto
Workers, United Steelworkers and other unions have facilitated the destruction
of jobs, working hand in hand with the Democrats. For decades, the increasingly
wealthy executives that control these organizations have collaborated in the
decimation of living standards for the workers they claim to represent.
The social crisis that
has ravaged Youngstown and the surrounding Mahoning Valley is set to worsen as
GM, the largest industrial employer in the area, is planning to shutter its
Lordstown assembly plant just 17 miles west of Negron-Acevedo’s home.
GM’s plans to close
Lordstown along with plants in Detroit, Michigan and Oshawa, Ontario, will be a
death sentence for countless workers and their children, tearing apart families
and social networks. For the company’s executives, board members and investors,
the social inferno they are preparing will pad their bottom line, while
funneling millions to wealthy investors.
This underscores the
crucial importance of the meeting hosted by
the World Socialist Web Site Autoworker Newsletter on
Sunday, which adopted a resolution for the formation of rank-and-file factory,
workplace and neighborhood committees, independent of the unions. The
resolution stressed that the consequences of the job cuts would be felt far
beyond the workers immediately impacted. The struggle of autoworkers to defend
their jobs and wages must be connected to a broad struggle of the working
class.
Such tragedies as that
which befell the Negron-Acevedo family, and many more like it, are entirely
preventable. Billions must be allocated to construct modern fire-resistant
housing, including the use of smoke detectors and much more advanced technologies,
along with an infusion of funding into fire departments. A safe and affordable
house is a basic social right that must be guaranteed to all.
To secure these rights,
the working class must be organized in a political struggle that takes direct
aim at the wealth and prerogatives of the financial aristocracy. Capitalism,
which ensures the inalienable right of the rich to profit, must be overthrown
and replaced with socialism, the reorganization of society on the basis of
equality and social need.
Economic Optimism is Fading and Pessimism is on the Rise
3:00
The optimism that has fueled the surprisingly strong economic expansion in the first two years of the Trump administration has faded.
Just 28 percent of Americans think the economy will improve over the next 12 months, according to an NBC News/Wall Street Journal poll released Sunday. That’s about equal to the level of optimism seen in Barack Obama’s second presidential term. At the start of 2018, 35 percent expected the economy to improve.
Pessimism is on the rise. Thirty-three percent of Americans say they expect the economy will get worse, up from just 20 percent in January. That’s the first time pessimism topped optimism since 2013, when pessimism shot up from 24 percent to 42 percent over the course of just a few weeks when the country experienced a partial government shutdown in October as Republican lawmakers and President Obama failed to reach an agreement on government spending.
That spike in pessimism, however, turned out to be a head fake. The economy expanded at a 3.2 percent pace in the fourth quarter of 2013, contracted at a 1.9 percent rate between January and March of 2014, then went on to grow at around a 5 percent rate from April through September. The economy expanded in 2014 by 2.6 percent, the best performance since 2006.
President Donald Trump’s electoral victory was followed by a surge of economic optimism. In December 2016 optimism rose to 42 percent, pessimism falling to just 19 percent.
And that change in sentiment did predict economic gains. Growth rose to 2.3 percent in 2017, up from just 1.5 percent in 2016. So far in 2018, the economy appears to be headed to a 3 percent expansion.
The election of 2016 also marked a dramatic downturn in the share of people who expected the economy to be about the same. This had hovered around 50 percent for the last two years of the Obama administration but declined as many Americans shifted into a more optimistic mood.
This year has seen a shift from optimism, through “about the same,” and now into pessimism. The share of American expecting the economy to be “about the same” share climbed to 43 percent in January, up from 36 percent in the prior year. Most of that appears to have been fading optimism. And now some of those that moved into the “about the same” column have shifted further into the pessimist column.
As on many things, a sharp partisan divide runs through the economic outlook. Forty-eight percent of Republicans see things improving in the coming year, and just 12 percent see a downturn, according to the Wall Street Journal. Those proportions are reversed for Democrats.
The survey was taken in the second week of December, a period of intense volatility in the stock market.
WALL STREET AND THE SUPER RICH PREPARE BUNKERS FOR THE REVOLUTION
WALL STREET AND THE SUPER RICH PREPARE BUNKERS FOR THE REVOLUTION
BANKSTERS AND BILLIONAIRES PREPARE FOR THE WORST.
The huge inflow of migrants and asylum seekers forced officials to issue 400,000 work permits in 2017. That is roughly one new migrant worker for every 10 Americans who entered the workforce that year. The huge inflow has also jammed the immigration courts, ensuring that new migrants can work for a few years before a judge decides their case.
The inflow of asylum-seeking migrants, nonetheless, is far smaller than the inflow of legal immigrants and temporary visa-workers, which added roughly 2 workers in 2017 for every four Americans who entered the workforce.
Nationwide, the U.S. establishment’s economic policy of using legal migration to boost economic growth shifts wealth from young people towards older people by flooding the market with cheap white collar and blue collar foreign labor. That flood of outside labor spikes profits and Wall Street values by cutting salaries for manual and skilled labor that blue collar and white collar employees.
The cheap labor policy widens wealth gaps, reduces high tech investment, increases state and local tax burdens, hurts kids’ schools and college education, pushes Americans away from high tech careers, and sidelines at least five million marginalized Americans and their families, including many who are now struggling with fentanyl addictions.
Immigration also steers investment and wealth away from towns in heartland states because coastal investors can more easily hire and supervise the large immigrant populations who prefer to live in coastal cities. In turn, that investment flow drives up coastal real-estate prices, pricing poor U.S. Latinos and blacks out of prosperous cities, such as Berkeley and Oakland. NEIL MUNRO
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