According to a recent Harper's Index 10,149 US companies are now foreign owned. The average net worth of a white woman between 36 and 49 is 42,600 dollars. For a non-white woman it is five dollars. The CEO of Nike, Philip Knight is the sixth richest man in America. He is worth five billion dollars. "By 1992, Nike had eliminated nearly all of their U.S. work force in favor of low-wage Asian producers." (See Nike Link)
'As of 2004, the richest one percent of Americans possessed sixty percent of all wealth in the country, while the bottom forty percent accounted for a whopping two-tenths of a percent.' 791 American companies outsource their work to foreign countries. The few companies I am familiar with have well over 5000 employees in India. Added together, how many jobs do you think this comprises? 'There are 2.4 million job openings for 15.3 million unemployed Americans.'
'The 400 American families with the highest incomes have seen a dramatic decline in their effective tax rate since 1992.' '80 percent of Americans 65 years and older depend on Social Security for half of their income.'
'The rich countries' subsidies to their richest farmers were $300 billion in 2005. Their tariffs on manufactured imports from poor countries are four times higher than on those from other rich countries. In 2005, just $7.63 billion of the total $106.78 billion of aid went to basic social services - 0.02 per cent of the rich countries' combined GNP.' (See Book link below)
'In 2004, 2.5 billion people, 40 per cent of humanity, were living in severe poverty. Every year, 18 million people, a third of all who die, die early from poverty-related causes.'
The SCOTUS recently gave free speech rights to a corporation, do you think their next step will be to give free speech rights to foreigners as they own and operate much of America? Maybe Toyota's executives could inform Roberts, Scalia, Thomas, and Alito on their corporate needs making sure laws are in-line with profits.
Republicans fought tooth and nail against Clinton's raising of the minimum wage, and Reagan was content to keep minimum wage stagnant during his presidency. Republicans just voted down extending benefits for the unemployed, and BP has a real hero in Republican Barton. FDR started minimum wage at 25 cents.
Republican congresses have opposed every change since social security to medicare, and today continues to say 'no' to anything that helps the nation and its working people. One has to give their propaganda machine great credit, for they do nothing but make it appear all things done by the opposition are bad or will lead straight to hell.
If money is the primary admired goal then the new American icon should be an overpaid sports figure (pick one), and/or Bernie Madoff or the many other investment millionaires who really do nothing, followed by televangelists such as the Crouches or Osteens, they at least make some people happy with the promise their reward follows this vale of tears.
Indexes (Harper's Magazine)
At the top: Soaring incomes, falling tax rates
Nike production facts
Want to Be Poor? Work One of These 8 Jobs | Poverty in America | Change.org
Geography of a Recession - Interactive Map - NYTimes.com
Greedy Televangelists!
Controlling the wealth of America ? top 1 percent control 83 percent of U.S. stocks. As a share of personal income mortgage debt ate up 19 percent in 1949. In 2003 it went up to 85 percent. 80 percent of Americans 65 years and older depend on Socia
2.4 Million Job Openings for 15.3 Million Unemployed: How Average Americans don?t Partake in the Current Casino Stock Market Rally. Most of Net Worth is Stored in Housing but not for the top 10 Percent. | Finance my Money
The 5 Percent Solution: How 5 Percent of the Workforce Generated 40 Percent of U.S. Business Profits and all of it was a Ponzi Scheme. | Finance my Money
Sen. Bernie Sanders: Why Do Republicans Want to Raise the Deficit debt settlement,debt relief, medical bills, health, mens health, men's health, mental health, health care, womens health, women's health, yahoo health, childrens health, ch
"Grassroots" Rove-linked group funded almost entirely by billionaires - Karl Rove - Salon.com
"People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary." Adam Smith
