Tag Archives: poor

Business/Economics, International, U.S.

More proof the Occupy movement is right: When cost of living is included almost 50% of Americans are poor, yet the top 10% got big pay raises in 2010 and their employers lied about it

According to corporate research firm Global Market Insight (GMI), Corporate America’s CEOs got big raises in 2010, even though many companies did not perform well!

The CEOs of the top 500 companies got as much as a 36.5% increase in pay. The next 3,000 U.S. corporations gave their CEOs a pay raise averaging 27%!  Researchers with GMI said they were surprised, and considered the pay increases way out of line with the poor performance of many of the companies.

This news comes at the same time the U.S. Census Bureau is unofficially calling almost half of the population of the United States poor!

“SPM rates were higher than official poverty rates in 2010, overall and for most groups”-Brookings/Census Bureau Meeting on Improved Poverty Measurment, November 7, 2011

The new poverty statistics take into account “nondiscretionary” cost of living expenses such as income taxes, child care, health care, commuting to work, etc.  When cost of living is factored in it raises the official number of poor people in the U.S.

The “official” poverty surveys consider before tax income only!  This means the “official” poverty numbers have been way off for decades.  However, the Census Bureau says the new SPM poverty numbers “Will not replace the official poverty measure” and “Will not be used for resource allocation or program eligibility”!

The new SPM numbers also include some types of welfare benefits a family might be getting, plus child support, and yet even with that data the number of poor people still went higher than the “official” poverty numbers.  This is more evidence of how inaccurate the “official” count is, and how rampant poverty is in the U.S.!

The new data was released on November 7, 2011, yet I don’t recall any mainstream U.S. media reporting it. The data covers the year 2010 only, it’s called Supplemental Poverty Measure: 2010 (SPM).

When using the SPM (aka Improved Poverty Measure) a big jump in the number of poor people were found in the age group of 18 to 64 year olds.  But the biggest jump in poverty was found in the age group of people 65 years or older.

If I read the Census Bureau graphs correctly (and if I understood the Bureaus’ explanations of how they figured it), when you add the “official” poverty numbers to the new SPM numbers you get 146.4 million people who are poor  (49.1 million “officially” poor + 97.3 million SPM poor).  Even if you go by just the new SPM data that’s nearly 100 million poor people in the U.S.

Officially there are 312 million people in the United States.

Back to Corporate America’s big pay raises for their CEOs.

The top earning CEO in 2010 was John Hammergen of McKesson Corporation, getting $145 million, not counting his stock options or retirement benefits!  According to GMI, McKesson has essentially lied about how much they paid Hammergen.  They reported they paid Hammergen only (hmph, ‘only’) $46.1 million.

GMI researchers said McKesson refused to explain the difference.  GMI says Hammergen not only got $145 million in pay, he got $112 million in stock options, a retirement plan worth $13.5 million, and, if he ever got fired his severance package is worth $469 million! For getting fired!!! And the right wing neo-conservative ass holes complain about the average unemployed worker being on unemployment pittance (it certainly is not a “benefit”)!!!

Just like it says in HR 1905, we are slaves!

 

Business/Economics, International, Opinion, U.S.

United Police States of America: More proof that Uncle Sam is THE terrorist Mastermind; FBI behind most “terrorist” plots, it’s another way to round up poor black men for slave labor prisons

“The target, the motive, the ideology and the plot were all led by the FBI.”-Karen Greenberg, FBI tactics specialist, Fordham University

More and more evidence is coming forth, showing that for the past 10 years most “foiled terrorist plots” actually were masterminded by the FBI!  It’s a case of taking entrapment to a whole new level.

“Most of these suspect terrorists had no access to weapons unless the government provided them. I would say that showed they were not the biggest threat to the U.S.”-Mike German, American Civil Liberties Union and former FBI counter terrorism agent

Most of those arrested and convicted of recent terrorist plots were illegal drug users and/or sellers, or illegal immigrants.  Most of them say what happened was they were in dire straights financially and the undercover FBI agents (who’re posing as big time drug dealers) would offer them huge amounts of money to blow something up.  Sometimes they were promised that their debts would be cleared.  Illegal immigrants would be promised legal status.

“Most terrorists have links to foreign terrorist groups and have trained in terrorism training camps. Perhaps FBI resources should be spent finding those guys.”-Mike German, American Civil Liberties Union and former FBI counter terrorism agent

Most recently the FBI tried their drug dealer turned terrorist sting on some Iranians living in Mexico.  The Iranians smelled a rat and tried to get out.  One made it back to Iran, the other was arrested.  The U.S. government tried to present the failed ‘sting’ operation as a sinister plot to assassinate a Saudi Arabian official.  Never mind that it was the FBI who masterminded the sinister assassination plot.

But that’s not the only case the FBI bungled.  For some reason the FBI likes to use former convicted felons as their undercover agents.  In one case the potential ‘terrorists’ became so afraid of the FBI undercover agent that they succeed in getting a court to issue a restraining order against him.  They did not know the guy was an FBI undercover agent, or a former felon.

Bottom line, most of these cases involve poor men, mainly black and mainly Muslim.  There have been cases where they appeal their convictions, yet, even when the judge admits the FBI screwed up, their convictions are upheld.

It sounds to me like this is just another way our Corporate America controlled government is filling up slave labor prisons, especially the for profit Corporate America controlled prisons.  It has nothing to do with terrorists out to get us!

 

 

 

International, U.S.

Occupy America! Some facts about Revolutions the leaderless Wall Street occupiers, and Tea Partiers, need to know

The following is a brief on research I did on how Revolutions actually work, because they don’t follow the predictions of Karl Marx; that revolutions are led by the lower classes.  Three authors were read: Crane Brinton, James C. Davies and Ted Gurr.

James C. Davies (creator of the J-curve theory of revolutions) compared the theories of Karl Marx and A. de Tocqueville, with the Dorr Rebellion,  1917 Russian Revolution and 1952 Egyptian Revolution.

Davies found that economically motivated revolutions come after a relatively long time of decline for the middle and upper classes (the poor are too destitute to do anything about their situation).  In other words, it’s like a frog in a boiling pot of water; it takes awhile before the middle and upper classes realize they’re being screwed over.

Davies also discovered that if economic times are bad enough no revolution will take place, because everyone is too busy fending for themselves.  In other words if the middle and upper classes wait too long, they won’t have the strength to fight the elites.

Ted Gurr (Why Men Rebel) found that civil strife is affected by many factors, including economic deprivation and how the society views its leaders/government.

Gurr found that societies with a history of recurring civil strife are most likely to continue with such problems in the future.  Here in the United States the main problem is that too many citizens put too much faith in their ‘authorities’; from organized religion, to Corporate America and their government (at all levels/local/state/federal).  The irony is that the United States was founded on rebellion against authority (something that has been forgotten by many U.S. citizens).

Gurr also found that the success, or failure, of a revolution depends on how much support (from the general population and from outside the country) it gets.

One way the government/Corporate America can snuff out domestic support is to control the media coverage of such revolutions.  In fact our government (along with the British) has also used the media to create false revolutions (false flag ops) in other countries: The 1953 coup in Iran is a prime example.

Another proof of support for revolutions comes from the 1776 U.S. Revolution. If it wasn’t for the occasional raids into the southern Colonies by the Spanish, and the blockade of the British navy by the French navy, there would be no United States.

Crane Brinton (The Anatomy of Revolution) applied the scientific method in studying the 1641 English Revolution, 1776 U.S. Revolution (American War of Independence), the 1789 French Revolution and the 1917 Russian Revolution.

Brinton found that those revolutions were actually started by middle and upper class leaders.  The poor had little to do with it. The motivation of the middle and upper classes were economic: They were living in circumstances that were threatening to take away the economic gains they, and their predecessors had made, for the benefit of the elites.

Some beginning signs of Revolution: Austerity acts; tax increases/cuts to social programs.  Tax revolts.  Mobilization of Revolutionaries.  Ineffectual government reforms/accommodations.  Government repression.

Revolutionaries tend to be better leaders, organizers and motivators, than the establishment, but Brinton has warnings for Revolutionaries: Usually what happens is moderates take control of government but end up running things the same as before.  Then extremists take over, and things can get nasty, like a “reign of terror”.  Extremists can take advantage of “mob mentality” resulting in social terror that is presented as being democratic. Eventually extremists turn on each other, leading to dictatorships.  (Also, read Orwell’s Animal Farm. There’s also a cartoon version, but it’s not really for the kids ’cause it follows the book closely.)

So, these three researchers discovered that it’s not the poor who lead revolutions, it is the middle and upper classes.  The middle and upper classes revolt because their economically unstable governments (and now unstable Corporate America as well) put pressure on the more stable public, which causes the public to feel threatened and creates, at the very least, the perception that their economic prosperity (or even the chance of ever achieving prosperity) is finished.

Occupy America: Steve Jobs’ secret to success; Live Life your way

Occupy America: Federal Reserve boss blames Wall Street

Business/Economics, International, U.S.

Global Economic Class War: City of God issues its own money, fights back against U.S. led multi-national corporations

“If we empower the economically marginalized grassroots network and build social capital, poor people will leave poverty.”-Paul Singer, Brazil’s National Secretary of the Solidarity Economy

In the impoverished Brazilian suburb of Rio de Janeiro, known as the City of God, the residents are taking economic measures into their own hands.

On September 15, they opened their own community bank called, City of God Communitarian Bank.  Not only do they have their own bank, but they’re issuing their own money.

The new bank is part of the Brazilian Network of Communitarian Banks, which was started by former President Luiz Inacio Lula da Silva in 2003.  It’s based on a growing international form of banking for lower income people.

One of the radical ideas of this new international bank, is that local banks issue their own local currency, to be used only for locally enrolled businesses. The idea is to develop strong local economies, to counter the destructive power of U.S. led multi-national corporations.

Business/Economics, International

Communist China’s experiment with U.S. style capitalism a failure, only the rich got richer, created more poor

The Chinese government announced that they must revise their income tax laws, to account for the huge increase in poor people.  Their experiment with capitalism only created more poor people while a minority of people got rich.

Beginning in September the minimum income level for exemption from paying income tax will be raised, to the equivalent of $540.00 per month.  Currently it is $300.00 per month.  It will affect about 60 million workers.

Also, people making between $540.00 and $700.00 per month will see a decrease in the percentage they must pay; dropped to 3% from the current 5%.

This comes after riots by workers in several regions of China.  They are protesting low wages, no benefits, and they wanted to know where all the wealth was going, because after all these years most workers still aren’t seeing an improvement in their lives.

The Chinese government admits only a small portion of China’s people are benefiting from the U.S. style of doing business.