Workers in the United States are earning a historically low share of the value they produce, according to new data released by the Bureau of Labor Statistics (BLS).
The Wealth of this nation, according to Adam Smith is decreasing while the wealth of the monied aristocracy grows to unimaginable levels. Why is this not a major issue being discussed in the public forum of mass media? Is the opposition party in the US so ineffectual as not to raise this to the public consciousness more than the propaganda the Regime floods the public awareness with?
The sad part is that while Trump’s second-term actions are an escalation, attacks on workers' rights and a concomitant decline in union participation have been going on for decades now. Politicians talk about supporting the working class, but more often than not, it's lip service.
This current Gilded Age is getting truly crazy, with labor earning ever less, and capital ever more. When fleets of Elon's AI robotaxis put all the Lyft/Uber drivers out of work in a few years, it will further depress wages. Meanwhile, Trumps insane import taxes--tariffs--are back with a vengeance, pushing grocery prices through the roof.
Republicans pretend they're pro-worker; but only vote for legislation like last year's BBB, that will literally devastate the economies of entire states, with 50% cuts to both Medicaid and Food Stamps; added to the ending of Obamacare subsidies. Which will force many of the 300 US hospitals already in the red to close their doors, creating healthcare deserts. Take health insurance away from the poorest 15% of the population, what happens when those 15% show up at the ER and can't pay? Insurance rates for the other 85% will go up, up, up.
But Larry Ellison, Bezos, Trump, and the other oligarchs will get fat cuts to their effect income tax rates. Meanwhile GOP cuts to the IRS division that audits the top 0.1% has been gutted, and now audits only 0.7%--down from 7%. Mean that IRS collections go down, the federal debt goes up.
GOP rule only benefits the ultra-rich, and Republican-aligned corporations like the energy companies. At the expense of literally everyone else. It's time to vote these bums out. Vote Blue like your life--and wallet--depends on it.
The Wealth of this nation, according to Adam Smith is decreasing while the wealth of the monied aristocracy grows to unimaginable levels. Why is this not a major issue being discussed in the public forum of mass media? Is the opposition party in the US so ineffectual as not to raise this to the public consciousness more than the propaganda the Regime floods the public awareness with?
Good to have some hard numbers. Thanks, Rebecca!
The sad part is that while Trump’s second-term actions are an escalation, attacks on workers' rights and a concomitant decline in union participation have been going on for decades now. Politicians talk about supporting the working class, but more often than not, it's lip service.
This current Gilded Age is getting truly crazy, with labor earning ever less, and capital ever more. When fleets of Elon's AI robotaxis put all the Lyft/Uber drivers out of work in a few years, it will further depress wages. Meanwhile, Trumps insane import taxes--tariffs--are back with a vengeance, pushing grocery prices through the roof.
Republicans pretend they're pro-worker; but only vote for legislation like last year's BBB, that will literally devastate the economies of entire states, with 50% cuts to both Medicaid and Food Stamps; added to the ending of Obamacare subsidies. Which will force many of the 300 US hospitals already in the red to close their doors, creating healthcare deserts. Take health insurance away from the poorest 15% of the population, what happens when those 15% show up at the ER and can't pay? Insurance rates for the other 85% will go up, up, up.
But Larry Ellison, Bezos, Trump, and the other oligarchs will get fat cuts to their effect income tax rates. Meanwhile GOP cuts to the IRS division that audits the top 0.1% has been gutted, and now audits only 0.7%--down from 7%. Mean that IRS collections go down, the federal debt goes up.
GOP rule only benefits the ultra-rich, and Republican-aligned corporations like the energy companies. At the expense of literally everyone else. It's time to vote these bums out. Vote Blue like your life--and wallet--depends on it.