Portrait of America

Distribution of Wealth

Distribution of Wealth

Wealth Trickling Down Since 1981… Time to Change Course.

The Wealth of the Bottom 40% is not visible on this chart although it was drawn.

A Closer Look

The Top 10% own 68.2% of America’s Wealth. The Capitalism of America was built on the notion of a strong Middle-Class. Since 1981 Tickle-Down Economics has all but destroyed America’s Middle-Class. Cold Warrior Novelist Tom Clancy was reported to have said that, “You don’t count unless you make more than $250,000 a year.”

 

The Invisible Hand

The Invisible Hand

“Throughout history, Adam Smith observed, we find the workings of “the vile maxim of the masters of mankind”: “All for ourselves, and nothing for other People.” He had few illusions about the consequences. The invisible hand, he wrote, will destroy the possibility of a decent human existence “unless government takes pains to prevent” this outcome, as must be assured in “every improved and civilized society.” It will destroy community, the environment and human values generally — and even the masters themselves, which is why the business classes have regularly called for state intervention to protect them from market forces.” Noam Chomsky

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4 Responses to “Portrait of America”


  1. 1 Ben October 23, 2010 at 5:09 pm

    Chomsky is a just linguist and philosopher, light years away from possessing the skills and insights required for an informed and practicing economist.

    Believing as Chomsky does serves only to enslave us into a life of government servitude and creates a populace who believe they are entitled to unfettered access to the nation’s treasury.

    The belief that government is here to help always and consistently proves to be a mistake. We can look to the current economic situations of Portugal, Italy, Ireland, Greece and Spain for evidence to that fact.

    After only a few generations of receiving benefits from social programs, a populace will believe it is their birth right to have those benefits. Over time, they will want more and more and will reach a point of engaging in violent protests against the government’s reduction of benefits for any reason, but usually when its in the interest of its citizens.

    For evidence to that fact, we only have to look to France, whose citizens already enjoy a 35 hour work week and who took to the streets to riot against their government’s decision to raise the retirement age from 60 to 62 to maintain the sustainability of their pension system.

  2. 4 dc movers March 25, 2014 at 2:36 pm

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