“Are you fighting for your servitude as if for your salvation? Then you have been well-deceived. You have been sheeple-compromised. Your thoughts are not your own. Your actions are not your own. You are in all ways a conditioned puppet who is under the delusion that it is free, and the psychopaths of the world are your uncompromising puppet masters.” –Gary ‘Z’ McGee, Waking Times
Every few months for the last couple of years, a new story pops up declaring the “official” wealth gap — the one most public sources will admit to — is getting wider and wider at a faster and faster rate.
This is the real economic crisis.
The wealth gap in America, for example, is insane these days.
Just 10 percent of Americans own 91 percent of the nation’s stocks and mutual funds, according to economist Edward Wolff (Table 7). Most of the remainder is held by a “middle class” that is steadily losing ground. The bottom 60 percent is almost entirely shut out (Table 2).
Stock owners, some of whom made billions of dollars last year, can defer their income taxes indefinitely, pay a reduced capital gains tax when they decide to cash in, or pass on the capital gains tax-free to their heirs…
$2 of every $5 owned today was created in the last five years, most of it from the financial markets, and almost all of it going to the richest 10 percent.
Unfathomably, the richest 1 percent took anywhere from 95 percent to 116 percent of the new income gains after the recession. Yes, 116 percent, because almost everyone else went backwards. Median wealth dropped about 40 percent from 2007 to 2013.
And it just keeps getting worse. Remember that big report that came out last year about how the 85 richest people in the world — only 85 people — own as much wealth as the bottom 3.5 BILLION poorest? This isn’t set up to let more people get in the club fake American Dream style either. Only people who are still asleep believe that.
No, the elite are closing ranks. The report about the 85 versus 3.5 billion came out in January 2014. It was quickly followed up by a new report just a couple months later that it was down to a mere 67 people… sixty-seven people… who own more than the bottom half of everybody in the whole entire world.
By Melissa Melton – Activist Post –