Warm wealth or cold poverty?


Horsefly | September 25, 2022

By Ed Raymond

[email protected]

From Mansion or Hovel, we all end up dead

We now live in the Divided States of America, which has been developing for over 240 years. The economist Frédéric Bastiat proposed the main reason for the division: “When looting becomes a way of life for a group of men in a society, over time they create for themselves a legal system which authorizes it and a code moral which glorifies him.

The English poet Thomas Gray captured the same image in his poem “Elegy Written in a Country Graveyard” in 1751. Today, billionaires and millionaires are plundering planet Earth and their fellow human beings to such an extent that we will soon be unable to to live. Gray experienced plunder by kings and queens during his 18th century life which filled his countryside with the graves of rotting paupers. The looting today is exponentially greater. His poem brings reality to wealth and political power. I just use a few lines:

“The pride of heraldry, the pomp of power, and all that beauty, all that wealth ever given,

Alike awaits the inevitable hour, the paths of glory only lead to the grave.

Perhaps there is deposited in this neglected place some heart once pregnant with celestial fire;

Hands, which the rod of empire would have swung or awakened in ecstasy the living lyre.

But the acquaintance in their eyes of his amply rich page with the spoils of time never registered;

The cold scarcity suppressed their noble rage and froze the pleasant current of the soul.

The Epitaph: Here rests his head on a lap of earth, a youth of unknown fortune and fame.

At the end of life, there is no hot wealth or cold poverty. Prior to her death, Queen Elizabeth II held title to 6.6 billion acres of land worldwide. His son Charles III is now the new owner.

Contrary to democratic dreams, the super rich plunder the poor

While trying to form a government that would be an asset to every citizen, a letter from John Adams in 1776 described a government that would maintain a balance of power among all the citizens of a country: “The balance of power in a society accompanies the balance of land ownership. The only possible way, then, of preserving the balance of power on the side of equal liberty and public virtue is to make the acquisition of land easy for every member of society, to make a division of the land in small quantities, so that the multitude may own landed properties. If the multitude possess the balance of real property, the multitude will take care of the freedom, virtue and interest of the multitude, in all acts of government.

At this time, even Thomas Jefferson, owner of 600 slaves during his lifetime and father of six slaves by his personal slave Sally, and George Washington, who died owning 125 slaves, agreed with Adams.

It’s abundantly clear that today’s billionaire and multi-millionaire American looters disagree with Adams, and some recently sat down with a survival and “safe room and bunker” expert to learn how to protect themselves and to protect their families from the poor and the crowds when living conditions “outside” intolerable. Two of them had bought old missile silos to turn them into survival bunkers. A few had purchased bunkers from surplus nuclear silos prepared by bunker modification companies. Some had bought large estates and citizenship in New Zealand, which was seen as a good place to survive. Alaska was the second choice to survive an “event”. An event could be a total environmental collapse, social unrest, nuclear explosion, solar storm, unstoppable virus or malicious hack or scam. None of them suggested using their money to stop some of the events.

Their questions concern their own survival: “Which was the greater threat: global warming or biological warfare? How long does it take to be able to survive without outside help? What about air and water supply? How many armed guards should we employ – with what weapons? (A billionaire had already hired 12 former Navy Seals as guards. He wondered how much he would have to pay them to protect him from an “event.”) Should we put death-dealing collars on the guards in case they rebel? Can we use robots as guards and workers? They make it clear they don’t vote Democrat. Maybe some of them are realizing that never before had looters assumed the impact of hoarding all their money had made the world nearly unlivable for everyone.

Can looters ever fall off the ‘never enough’ treadmill?

It takes one to know one. Even before he was president, Orange Jesus Donald John Trump called Malaysian Prime Minister Najib Razak his “favorite prime minister”. Now we know why.

Najib Razak and his wife Rosmah Mansor are like Donald and Melania. They have no idea what is “enough”. Najib is currently serving a 12-year sentence for stealing millions of dollars as the Malaysian treasury appears to be missing $4.5 billion. His wife Rosmah adored extravagant jewelry and Hermès handbags, and solicited and received huge bribes. She was sentenced to ten years in prison and ordered to pay a fine of $216 million. It’s not for traffic violations. She loved wearing a $27.3 million pink diamond pendant. When police raided their humble abode, they found $273 million in cash and luxury goods, including 567 very expensive handbags, 423 very expensive watches and 14 very expensive tiaras.

Greed is perhaps the worst of the 827,000 viruses discovered by science so far.

Credit Suisse Bank reports that 46,000 “ultra high net worth” (UNHW) people who have a fortune of more than $50 million increased the global number of UNHWs to 218,200 during the pandemic recovery period. COVID-19. They have mainly increased their wealth due to rising housing costs and the boom in the stock market. In two years, the number of UNHW people has increased by 50%. That’s 0.00004% of the world’s population while billions of poor and middle class families have depleted their savings and have a titanic struggle to pay for food and energy. The report also says the bank estimated total global wealth at $463.6 trillion in 2021, an increase of $41.4 trillion from 2020, an increase of 9.8%.

The world’s richest 1% now own 46% of the world’s wealth. In 2021, the number of American millionaires increased by 5.2 million to a new total of 62.5 million. There has been an explosion of wealth and a huge explosion of poverty during the pandemic. Economic inequality has never been higher in modern times. UN Secretary-General Antonio Guterres told members that “the world is stuck in a global dysfunction with issues such as poverty, debt, online hate and harassment, and a loss of biodiversity. We have a duty to act.” We have graphic evidence in the United States of the same problems with a Senate that is unresponsive to any issues.

What is a year of life worth today?

Bernie Sanders keeps telling the two Joes, Biden and Manchin, the co-chairs, the truth about economic inequality in America’s divided states. But Biden isn’t smart enough to learn such details and Manchin doesn’t know when enough is enough. The following is just a small part of Bernie’s message:

1. What is a year of life worth in DVA? It depends. Unofficially, rich Americans live to at least 95, and poor people in the ghetto die at 60. Thirty-five years is another life. We lead the world in virus death rates per population, so our white people have dropped 2.75 to 77 in two years, black people have dropped to 65, and Native Americans and Native Americans Alaska fell from 6.6 years in viral years to 65 years. For people of color, The New York Times reports, “Suffering is inextricably linked to a long history of poverty, inadequate access to health care, poor infrastructure and overcrowded housing, largely the legacy of broken government promises and centuries of bigotry. .”

2. Our top three billionaires have more assets and cash than the 160 million Americans in the bottom half.

3. In 2019, the median white household held $188,200 in wealth, black households held $24,100. White households had an average wealth of $983,400, blacks had $142,500. There is a simple answer. This is called racial discrimination. Remember in 2013, when Republican Supreme Court Chief Justice John Roberts said voting laws could be changed because race was no longer a factor in the United States?

4. Funding for K-12 is so inadequate that more than 800 school districts have moved to four-day weeks to cut costs. A shortage of teachers due to working conditions and low benefits and salaries complicate matters.

5. The Brookings Institute reported that it now takes $310,605 to raise a child to age 18, an increase of $26,011 in just one year. Food increased by 13.1%. This is an impossible situation for a single mother earning around $30,000 a year.

6. In the United States, the poor can sell their blood plasma 104 times a year for between $25 and $60, one of the few countries to allow the sale of blood. Germans can donate 60 times a year. The veins of our poor provide two-thirds of the world’s supply.

7. We have the best health care in the world and the worst, depending on whether you are in the top 10% or the bottom 10%. Most of the poorest 10% (over 30 million) do not have insurance and do not have access to care unless they qualify for a weak government program. Only 12% of Americans feel “very good” about health care while 32% say “fairly good”. Eight out of ten Americans are concerned about access. Eighteen million could not afford the drugs they ordered. Mental health care only gets a 5% approval rating. Bernie’s Medicare for All plan has approval ratings of up to 70%. One in six Americans has medical debt over $4,600, and more than 500,000 file for bankruptcy each year due to medical debt.

8. Over 12 million families with children are food insecure. It’s a fancy term for hungry. Many do not know where their next meal will come from. Food banks are running out.

9. Times have not changed for the poor and remnants of the middle class while the rich have gotten richer. More than 40% of American families live paycheck to paycheck and don’t have $400 in savings to cover a small emergency. US household income has been stagnant for two years. The Census Bureau said the official poverty rate in 2021 reached 37.9 million people. That’s more than the total population of most countries in the world.

In the 14th century, Dante described the nine levels of Hell in his beautifully written Divine Comedy. Please note that I have only described nine levels of income inequality of “sinners” living in financial distress while the rich live in heaven on the streets of gold. There are many more levels of Inequality Hell.


About Author

Comments are closed.