RECENTLY ON TOL:
- A tumblr site dedicated to the people and places that make up Oregon and Southwest Washington.
american wealth disparity the bottom 50% have very little
the 50% lowest of wage earners can't make ends meet, they don't understand the tremendous wealth that comprise the average earners, and the wealth that should be available to the public, or that that wealth is derived from their spending, even if all they can afford some gas and toothpaste (perhaps not enough for a place to live)
this way the rich can easily convince the enough of the public there is no money, and that everyone must tighten their belts.
GE, EXXON paid no U.S. income Tax in 2009 (they are people, according to the US Supreme Court)
and we pay them subsidies too
and people should educate themselves about 2 economic theories, supply side (trickle down) and demand side (keynesian).
one main problem with the US economy is lack of demand which is caused by lack of jobs and low pay.
if money were injected to those below the 50% earning rate, through welfare or some other means, that could stimulate sales and production of goods and services. yet supply siders are promoting austerity, precisely what will exacerbate the economic downturn.
this continues to make obama look bad, which could help republicans/the superrich in the next election cycle.
posted 2 years, 1 month ago
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