Monday, April 18, 2011

SuperRich Have Become Greedy Vultures, Fattened on the Rest of U.S.

The momentum of the SuperRich is stymied for a game-changing, reflective moment: What's Next?

It's occurring to newly elected Michigan legislators, their offices are at seriously at risk. They've been carried along like hapless flotsam rolled into a propagandist's tsunami. FOX News master-spindully deceiver, Roger Ailes, has myopically overshot the elite's political target, there's anti-Tea Party voter revolt ahead.

The public is rising to push back, hard.

Koch Brothers-backed, organized and funded falsely-labeled, Americans (Billionaires) For (personal) Prosperity rallies, first in Michigan, then in Wisconsin and now across America are a fizzle. The power of money politics over the rights of we, the people, is been brought low. Sarah Palin and Dick Morris can't even raise newsworthy numbers at their rallies!

The pitiful showing by scant hundreds of arthritics at Tea Party rallies, given top billing with big name "super-patriots" Dick Morris and Sarah Palin, draw small, anemic "cottonhead" remnants of what was previously called the political "new wave."

What's happening in the upper mid-west? The middle class has seen the error of its ways. Laying back and giving in to the politics of regression and fear leads to Depression. The rich get richer, the poor are made poorer!

Clearly, if we want to see the collapse of our states' economies, just press on with the TaxPublican's subservience to the harsh Americans for Prosperity via A.L.E.C. and the far right's, proud tough guys, Norquist/Gingrich. This cabal of authoritarian "no tax" "All cuts" formula mavens' radical agendas are touted by the Tea-publican, the obsequious servants of the SuperRich.

Read the Headlines, Look at the Metrics The god-awful truth is that the harvest of the assets of working families and the middle class by the "smartest" defrauders in slick investment firms, pro-corporate think-thanks, and the mega Banksters has inflicted nearly fatal economic punishment on the ordinary citizen.

While hundreds of billions of "liquid" assets and cash pulled out of the economy, where they are parked on the sidelines, others political hacks (Snyder, Walker and Kasich, backed by the holders of these very funds, are attempting to strip the public of its remaining "civic assets" and destroy its protective associations which are the bulwark against this kind of scandalous abuse.

In 2008, much of America's vital Middle Class was harvested of much of its investments, pensions- and savings (an historic economic harvest of over one trillion dollars) by clever men. These are men, operatives, who knew how to manipulate the strings of power and utilize the "gimmicks" snuck into law over decades by a compliant corporate-controlled Congress and a Republican Party long systemically weak (begun under the exiled Dick Nixon) and corrupted by the boldfaced greed and undue influence of politics' (Abramhoff and a long list including Tom DeLay and aggressive, "wealthy cause" handlers, and "fixers."

Now There's a Shift A moment of realization that the historic gap in wealth is propelling our nation into a sure death of prosperity and a harsh regression beyond our current imitations.
If the public does not fight back and take back the "radical middle"-voters using their vote to put and end to oligarchy and corporate fascism, thereby stopping this downward spiral-he dream we once proudly called

"The American Dream" will have evaporated for a generation, perhaps for ever.

A SERIOUS LOOK AT THE SHATTERED REMAINS OF WHAT WAS A LOYAL WORKER'S GOOD LIFE AND SECURE FUTURE. 

Why things will change or we all go down together in national collapse:
"No jobs, no prospect, no leverage, no shot-term plans, no big ideas to save us. While the bottom four-fifths struggle to stay afloat, and the upper one-fifth cautiously tread water, the top 1 percent continue to accumulate wealth at a staggering rate."

"Thanks to the global engine, there are now more than a thousand billionaires. Oligarchies, "client state" capitalism, wanton deregulation, CEO's earning monster salaries, corporations receiving taxpayer welfare, and half of the U.S. Congress boasting of being millionaires. Meanwhile, personal debt in the United States continues to soar, one person out of ten is out of work, and food stamp usage sets new records every month."
"Yet even with near-record unemployment, the Department of Commerce reported in November 2010 that U.S. Companies just had their BEST QUARTER...EVER. Businesses record profits at an annual rate of $1.66 TRILLION in the third quarter of 2010, which is the highest rate (in non-inflation-adjusted figures) since the government began keeping records more than 60 years ago. SHRINKING INCOMES, FEWER JOBS...BUT BIGGER CORPORATE PROFITS. NOT A GOOD SIGN."

"Yet when you broach the dreaded subject of "class warfare" you get blank stares. When you try to demonstrate, through charts and graphs and scores of real life example, that the system is LARGELY RIGGED TO ACCOMMODATE THE WEALTHY AND THE POWERFUL"and that what we face is AN UNFORTUNATE US-VERSUS-THEM DILEMMA - PEOPLE BACK AWAY."

This spot-on summation was penned by David Macaray, writing last November for America's best political newsletter.

To further punctuate the tax delights of of the SuperRich, this breaking AP newsclip:
"WASHINGTON - As millions of procrastinators scramble to meet Monday's tax filing deadline, ponder this: The super rich pay a lot less taxes than they did a couple of decades ago...The Internal Revenue Service tracks the tax returns with the 400 highest adjusted gross incomes each year. The average income on those returns in 2007, the latest year for IRS data, was nearly $345 million. Their average federal income tax rate was 17 percent, down from 26 percent in 1992."

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