Saturday, October 23, 2010

The Guilded Age becomes the Glutted Age

Joe the Plumber talked a lot about the redistribution of wealth and he was right. Wealth was redistributed when George W. Bush took office and instituted his tax cuts. It's still happening ladies and gentlemen of the Tea Party and will go on until business realize they are killing the fatted cow known as the middle class.

"Today, the concentration of privately held wealth at the top is at its highest peak since 1929, the year the financial markets crashed and gave rise to the Great Depression of the 1930s. At that time, 25% of the population was out of work.

Despite our economy being mired in the deepest recession since the 1930s, people in the top 1% continue to own as much wealth as those in the bottom 90%, and education is essential to reversing this trend and constructing a strategy for recovery."~ United Fair Economy Dot Org

What are we willing to do without so millionaires can take a few more trips to Europe, build another home to visit every now and then, speculate on the market while millions struggle to keep their homes, keep their jobs, eat well, enjoy their lives.

Never before have so few taken so much from so many and resent that the little people exist. Never before have so many people been so angry that they try to destroy all efforts to help them and their families and help the very people who's policies and propaganda made them angry.

Money is being redistributed alright - Flooding up and never trickling down.

"What is the chief end of man?--to get rich. In what way?--dishonestly if we can; honestly if we must." ~ Mark Twain-1871
The excesses of the Guilded Age were best shown in the breaking of unions in a more violent way then the movement Ronald Reagan began but it is a parallel between then and now.

"The brutal depression of 1893-94 triggered some of the worst labor conflicts in the country's history, including the strike against the Pullman Palace Car Company. When George Pullman slashed wages and hiked rents in his company town, a national strike and boycott was called on all railways carrying Pullman cars. Railroad traffic ground to a halt as 260,000 workers struck, and battles with state and federal troops broke out in 26 states. The strike ultimately failed, its leaders imprisoned and many strikers blacklisted.

The labor movement lay in shambles, and would not rise again for nearly fifty years. Although workers would find new strength in the next century, they would never again pose the same broad challenge to the claims of capital."

Those who refuse to understand their history are doomed to repeat it.

Amen brother

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