Tag Archives: income

U.S.

Forever Wars: U.S. General says all parts of government are ‘military’!

Video

21 July 2023 (12:20-UTC-07 Tango 06) 30 Tir 1402/03 Muharram 1445/04 Ji-Wei(6th month) 4721/21 июль 2023 года

The U.S. Air Force (USAF) is suspending pay raises and bonuses, as well as extending current deployments of personnel around the world, blaming it on higher than expected cost-of-operations, wants increase in taxpayer funding for paychecks (Military Personnel appropriations)!

The USAF is waging war on climate change, not to save the ‘world’ but to “maintain air and space dominance”!

USAF General CQ Brown Junior testified to Congress that “…all parts of government…” are included in national security/defense!

USAF video report released 20JUL2023:

May 2023: WOKE FOLK IN THE U.S. MILITARY FORCE OUT HUNDREDS OF OFFICERS, STEAL $2.3-MILLION?

Forever Wars: IDAHO MILITIA CONTINUES EXPANSION, TO REDUCE COSTS? IT’S JUST THE “FIRST OF MANY”!

JAPAN #1, GLOBAL TAKEOVER, NATO WAR WITH CHINA?

Business/Economics, International, U.S.

What Economic Recovery? The United States ranks as World’s 4th worst for income disparity. Another official study that proves that the Occupy movement is right! Proof the American Dream was a lie!

“The income inequality level of the United States ranks only after Chile, Mexico and Turkey in the 29 OECD countries. Inequality among working age people has risen steadily since 1980, in total by 25%.”–John Martin, OECD

The Organization for Economic Co-operation and Development (OECD) released its latest report on income disparity, and the United States came in as fourth worst, after Mexico, Chile and Turkey.

The report is called: Growing Unequal? Income Distribution and Poverty in OECD Countries.

The report says the trend for the wealth not being spread evenly within the U.S. actually began in the 1970s.

Here’s some interesting facts from the report: “The average income of the richest 10% is US$93,000 US$ in purchasing power parities, the highest level in the OECD. However, the poorest 10% of the US citizens have an income of US$5,800 US$ per year – about 20% lower than the average for OECD countries.”

“Redistribution of income by government plays a relatively minor role in the United States…effectiveness of taxes and transfers in reducing
inequality has fallen still further in the past 10 years.”

“Wealth is distributed much more unequally than income: the top 1% control some 25-33% of total net worth and the top 10% hold 71%.” 

Richard L. Trumka, chairman of the Trade Union Advisory Committee, said the growing disparity in income in the United States is not because the average person isn’t willing to work harder, but because wages and benefits for the average worker have actually been going down (when adjusted for inflation), while salaries, benefits and other forms of revenue for the top 10% have been going up!

A video presentation by the OECD says this latest study is the most detailed ever.

The study also discovered that low income families stuck in countries with high income disparities, can not expect to ever prosper in those countries: “…but what we find is that in very unequal societies they get stuck. Their incomes don’t reflect their true talents and they stay much poorer on average…”-Mark Pearson, OECD

 

Business/Economics, U.S.

Dumb Americans, like Frogs in a Boiling Pot: New study shows economic inequality in the U.S. as bad as some African countries, yet most U.S. citizens think everything is fine

Psychologist Dan Ariely designed a test, a test to see how much the average Joe in the United States knows about their own country’s income equality, or lack of.

Not surprisingly, to me anyway, the overwhelming majority (in the 90% range) of U.S. citizens still think the U.S. is equal when it comes to income distribution.  The reality is that income distribution is so unequal it’s as bad as many African countries: “…if we were to compare us with African countries, dictators in different places, you know, taking a lot of the wealth from normal people, we would be among the top half of the African countries of inequality.  So, the U.S. really has reached an extraordinary level of income inequality.”-Richard Freeman, Harvard economist

Here’s some facts about who holds the most income, and who doesn’t: “People don’t understand how much wealth the top 20% have.  They actually have 84% of the wealth.  And they think they have much less.  And more disturbingly, people don’t understand how little wealth the bottom of the distribution have.  The bottom 40% of the U.S. have about 0.3% of the wealth, basically zero.  And people think they have much more than that.”-Dan Ariely

This is what I call frogs in a economic boiling pot; by the time they realize they’re being screwed it could be too late to do anything about it!

But here’s a really interesting fact: “In the last 30 years or so, the share of national, of income that has gone to the upper 0.1%, not to the upper 1.0%, 0.1%, rose by 10 percentage points. That is one of the most astounding patterns I have ever seen in data.”-Richard Freeman

That’s right, the segment of society in the United States, that’s seen the most growth to their wealth, makes up only 0.1% of the population!

To see more on this important study, and WAKE UP AMERICA, go to PBS News Hour.

Business/Economics, Idaho, U.S.

Idaho Personal Income report misleading, wages & construction down again

Idaho media reporting an increase in “personal income”.  The problem is that “personal income”, as reported by the U.S. Bureau of Economic Analysis, includes things the average person does not consider “personal income”.

What government officials consider “personal income” includes unemployment benefits, business investments, business profits, farm profits, construction profits and government payments, besides individual wages.

The report for the first quarter of 2011 shows an increase.  But that’s due mainly to business profits, investment returns and farm profits.  When you look at wages for workers, it went down.

Also, income from construction in Idaho also fell, for the 3rd straight quarter.

If your wondering how businesses keep showing a profit, it’s because they’ve been laying workers off, or not hiring when they should!