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Pitting the Old Against the Young: A “Class War” Act

8:02 am in Uncategorized by TomThumb

Pitting The Old Against The Young

Recent efforts by “class war” opinion-shapers Brownstein and Ezra Klein, to pit the generations against each other,— give the impression that the elderly are the beneficiary of Federal governmental largesse to the detriment of children. Further study shows that local governments and State governments provide nine times more benefits for children than to the ‘olds’.  So claims of unequal treatment are pointless.

The ‘tell’ are relatively equal levels of poverty for old and young

Data from the OECD show that poverty is on the rise in 17 of 24 OECD rich countries, and an EPI chart from 2007 shows that both children and the elderly have experienced mutually unacceptable high levels of poverty,…… right here in the heart of financial excess and empire, right here in the good old U.S. of A..

Snapshot Old &Young U.S. Poverty

From a 2011 OECD study , we see that the elderly continue to have unacceptably high levels of poverty (22%).

Snapshot- 65 living in Poverty

Figure 1.1 in the new UNICEF report shows a stunning 22% of children below age 17 living in poverty in the United States. (Below.)

Relative Poverty, Children & Nations

Both age groups demonstrate unacceptably high levels of poverty. The United States has a very high GDP compared to other OECD countries. The contrast between the existence of high levels of poverty and a very high GDP indicates a very high level of income inequality. Yet the opinion shapers have wasted our time bickering over which generation is getting ‘more’ from government.

Don’t Let The Rich People Get Off The Hook

Dean Baker likes to frame this problem as the difference between what we spend on ourselves and what we give to the RICH.

Not convinced yet? Travel over to youtube and watch this video on Wealth Inequality!

A Pop-Up, Class War, Attack-Doll.

9:17 am in Uncategorized by TomThumb

This fellow shows up for class war in his “all deficit reduction, all of the time” mode in the New York Times Op-Eds. I already wrote about his exaggeration of the current costs of Medicare and Social Security. And, about his minimization of the negative impact of the chained cpi, which I view as a tax just for being old and poor.

Today he’s holding his small plastic class war protest sign again: The ‘we cannot afford Social Security and Medicare’, and its all so ‘unsustainable’. He fails to mention that his gang pays taxes so low that America is ranked below Greece in terms of low income taxes. (24% to Greece’s 30% income taxes paid).

When he pops-up is important too. He’s there to cheer-on the President to make deeper cuts, just after the 2014 budget is presented. He’s just-in-time to suck all of the oxygen out of the media so that they cannot represent the fair budget of the CPC; (the CPC budget is the one that actually taxes capital gains like regular income.)

Where he pops-up is important. A media which pledges allegiance to the agenda of the wealthy and of the powerful. The Wall Street clown car media with its passenger side door for MBAs,lawyers and accountants, and its Drivers’ side door for CEOs.

Who he works for is important: Finance. Wall Street. The 1%. The top 20% who own 80% of America. This Wealth Inequality youtube shows how little the bottom 80% owns. The folks who depend upon Medicare and Social Security the most, the bottom 40%, own almost nothing.

What he does deserves special scrutiny: It’s called a Class war. Class War is where their gang, the haves,  take things that don’t belong to them, from people who have almost nothing but Medicare and Social Security left,  for their gang* to steal.

*hired thugs, corrupt politicians……