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Best Web OpEds    H2'ed 6/17/19

Goodbye Middle Class: The Percentage Of Wealth Owned By The Top 10% Just Got Even BIGGER

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As the cost of living has risen faster than our incomes have more Americans have been squeezed out of the middle class with each passing month
As the cost of living has risen faster than our incomes have more Americans have been squeezed out of the middle class with each passing month
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Our system has been designed to funnel as much wealth as possible to the very top of the financial pyramid and that means that most of the rest of us are deeply struggling. And when you are just barely getting by from month to month all it takes is one bad break to knock you completely out of the middle class and into poverty.

The percentage of wealth controlled by the top 10 percent of U.S. households has shot up from 60 percent in 1989 to 70 percent today

No matter which political party has been in power in Washington the middle class has continued to shrink and more wealth and power has become concentrated in the hands of the elite.   

Read the rest of the story HERE:

At theeconomiccollapseblog.com

 

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Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked (more...)
 

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Lance Ciepiela

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Inequality has partly given rise to Democratic-Socialist Congresswoman Alexandria Ocasio-Cortez, who has proposed leveling massive taxes on the superrich. Her mention in early January of a radical 70% tax on the wealthy has proven divisive in Washington.

Submitted on Tuesday, Jun 18, 2019 at 12:45:18 AM

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911TRUTH

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This is the plan and has been engineered since the Reagan regime began and has continued through every regime since then, both D and R.

Hitler and Mussolini, with their worldwide fascist wet dream, have finally won WWII.

We are now well into the new Feudalism, American style, where the Serfs are nothing but economic slaves for the .1%.

The national anthem should be changed to "Bye, Bye American Pie."

Grim New Report Shows Rent Is Unaffordable In Every State

Submitted on Tuesday, Jun 18, 2019 at 6:37:05 PM

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Lance Ciepiela

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Offshore tax havens are enabling our world's richest 0.01 percent to evade 25 percent of the income taxes they ought to be paying, Our super rich are stashing vast chunks of their personal fortunes in offshore tax havens generating billions annually in new income that to their governments goes unseen and untaxed.

Submitted on Wednesday, Jun 19, 2019 at 2:09:07 PM

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Robert Gormley

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The goal should be to be as self- sufficient as possible and stay healthy. The medical industry sucks huge amounts of money out of people everyday. Stop paying ridiculous medical bills. When people aren't being paid it will force the system to change. Corporate America is what is gouging the middle class. Stop feeding the monster and it will die. Side note: I remember when a big candy bar cost 10cts, now a candy bar cost $1.49. An ice cream cone cost 50cts, now an ice cream cone cost $7.50. Prices have become ridiculous. I sense people are living in fear and are trying to get as much money as they can, when they can. It's a vicious cycle.

Submitted on Wednesday, Jun 19, 2019 at 4:57:06 PM

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"The evidence continues to mount that the Trump-GOP tax cuts were a scam, a giant bait-and-switch that promised workers big pay raises, a lot more jobs and new investments but they largely enriched CEOs and the already wealthy," said Frank Clemente, executive director of Americans for Tax Fairness.

He noted only 4% of the US workforce saw any sort of pay increase or bonus from the tax cuts. Meanwhile, data collected by ATF shows corporations have cut thousands of jobs since the tax cuts were passed while using tax windfalls to buy back $1tn of their own stock which primarily benefits corporate executives and wealthy investors since half of all Americans own no stock.

Submitted on Saturday, Jun 22, 2019 at 8:41:30 PM

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