The Daily Walk with Love
— RICH PEOPLE or POOR:
IF YOU HAVEN’T READ THIS, NOW IS THE TIME:
Inequality is the single most deadly problem facing
American society, that is, facing the economic futures of both the poor
AND the rich. For most Americans living in poverty, the American Dream
has become a grotesque nightmare. But not in Salt Lake City, Utah.
There, upward mobility proves that “the Dream” need not be over
and that inequality can be fixed.
August 8, 2019
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The Daily Walk with Love
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Bloomberg, The Atlantic and owner Paul Evans examine an issue that tears American society apart
and is fully the fault of the elite rich
The Daily Walk with Love (link points to Home page & blog), updated August 8, 2019, by Paul Evans (email Paul: firstname.lastname@example.org). News sources are How Utah Keeps the American Dream Alive, Bloomberg View, March 28, 2017, by Megan McArdle; and Severe Inequality Is Incompatible With the American Dream, The Atlantic, Business, December 10, 2016, by Alana Semuels. Featured photo is courtesy of Georgetown Progressive. Included video is Park Avenue money, power and the American dream: Why Poverty, Earthbound and YouTube – 59:03. Also see, right here on The Daily Walk, Why Big Deficits, Inequality, “Trickle Down,” Greed & Hypercapitalism are Leading Us Into Economic Collapse. If you care about America’s future, please share these articles and let your friends know about them!
NEW: In trying to understand just how bad a problem inequality in America is, just look over the results for a search for that on <Yahoo, which surprised me with the honesty of the results.
Recommended is Why Big Deficits, Inequality, “Trickle Down,” Greed & Hypercapitalism are Leading Us Into Economic Collapse
, The Daily Walk with Love, by Paul Evans: “With the foundation of the Shanghai Cooperative, our mounting debt and lobbying and corruption running rampant, America seems on the verge of some very hard times. However, with Evans Politics, The Daily Walk with Miracles and now this new adaptation, we have a new name, but the same patriotism. I have have done a lot of reading in books & on the web and given all this a lot of thought: I find that there are a few, simple changes and reforms which would serve to save our economy and greatly strengthen our nation. — But it’s very unlikely to happen.
See America’s Jubilee: We Are In a Bad Depression Right Now & Political Dynamite is About to Ensue, The Daily Walk with Love, January 8, 2018, by Paul Evans: “Here is much evidence, supported by major players in the market, facts, resources, and documentation, that we are on the verge of economic collapse. Some 78 percent of Americans now live paycheck to paycheck. It’s gotten so bad, 73% of Americans now die with debt… with an average total of more than $60,000 in debt per person! A Jubilee is the only thing which has been thought of which might fix it.”
See America’s Shrinking Middle Class, The Daily Walk with Love, January 4, 2018, by Paul Evans: “Did you know that in America the entire lower 40 percent of us own only 0.3 percent of the wealth, while the Walton family (who own Wal*Mart) alone own 42 percent of the wealth?” Could this possibly be healthy?
The CIA, Trump & Co. will not be pleased with me republishing this article. So be it, this is an important article. Between 1950 and 1970, the tax rate for the uppermost income bracket was 93 percent, while the economy grew steadily each year at four percent a year. What has brought America into the position of economic jeopardy she finds herself in is the unmitigated greed of the super-rich, and THIS is actually the weapon the Communists have used against us to set us up to be in a position where we are at risk of a terrible stock market crash and devaluation of the dollar. In other words the Communists, conspiracy or no, have used our own greed as a weapon against our future greatness and prosperity. “Trickle down” and “hypercapitalism” only serve to hurt the common man and put us much deeper in debt, especially with this new “Shanghai Cooperative” of 40 nations including Russia, China and Iran limiting our ability to continue to borrow money each year.. Severe inequality is the greatest single weapon our enemies have against America, and this must be realized in the highest circles.
See Illuminati Greed is About to Cause a Really Bad Depression, The Daily Walk with Love, December 9, 2017, by Paul Evans (I am not sure my site has this article, it was quite offensive to the rich, but it adds good info for my article:
There are $552 Billion in mostly worthless derivatives floating around. the bond market is in a super bubble and the dollar has been outflanked by Shanghai Cooperative of 40 nations and the yuan. By not “sucking it up” and suffering the pain of a fairly bad recession now, the ruling elite are just going to make the ensuing full collapse worse, you NEED a large interest rate hike by the Fed. David Stockman says a 40 percent market correction will happen “this year,” Ron Paul says up to 50 percent, while some are saying a more catastrophic 80 percent drop is even probable. Wall Street is living in a fantasy world. The situation is far worse than in 2007-2008. Right now the big corporations are sitting on more cash money than at any time in our history. But they are not investing much of that in infrastructure or jobs, but rather, they are buying stock with it, their own and that of other lucrative companies. This further artificially inflates the value of stocks and calls forth images of 1929, when stocks fell 88 percent. And calling the facts about this to your attention IS a very patriotic duty.
The only two times in U.S. history that investments were as risky as they are now was in 1929 and 1999. In those two cases stocks fell 88 percent and 50 percent, respectively.
I feel that it is absolutely vital that Donald Trump, our leaders in Congress and in the intelligence services become familiar with the ideas in this article.
NEW: see Depression and Suicide Rates Are Rising Sharply in Young Americans, New Report Says. This May Be One Reason Why and Time for a Revolution in Politics?, The Daily Walk with Love, September 6, 2017, by Paul Evans: Our fractured, failed efforts at healthcare reform show and at immigration reform and tax reform show that it’s time for a major change. In the late first half of the 19th century, the Whigs were at the center of power in American politics. They ceased being relevant so they ceased having power (and ultimately faded into a distant memory). Maybe it’s time for a strong, moral Third Party such as perhaps the Reform Party to be organised and supported. Neither the Democrats nor the Republicans as now constituted represent the hopes and dreams of ordinary Americas and the common man, and God know we’re suffering too much as it is. If nothing else, for god’s sake nationalize the banks! If not now, when? The long term outlook for Deutsche Bank and CITI Bank is not at all good, they have way too much unleveraged debt. If one of these fail, it might be five times worse than in 2007-2008. And then take George Soros, the second wealthiest man on earth, at $72 billion net worth. A few months ago he actually took $55 billion out of the stock market and put it into more liquid assets. We don’t really understand it, it could be just “buy low sell high,” but to me that statistic is strong evidence that Soros knows a crash might happen at any time (though some reputable economists say we should make it through 2018, but sometime in 2019, look out!)
See (my own hope and dream of) A New Alliance Between the Political Left and True Conservatives, The Daily Walk with Miracles, March 25, 2017, by Paul Evans.
As compassionate, Christian Americans, we HAVE TO care about economic inequality. To see 75 percent of Americans living paycheck to paycheck and, for example, 300,000 homeless veterans is NOT an America that we would want to live in, but also, economically it is dragging the whole nation down, and ultimately it will cost the rich dearly. (The real Misery Index forecasts a future depression as bad as or worse than the Great Depression; the only way to avoid this is to lower the Misery Index, that is to say, reduce economic inequality.) How bad is it?
Let’s just take the example of my own hometown, Wooster, Ohio. Google sums up the “median (most common) household income” here in Wooster as $41,143. (We are a town of some 26,000 people.) For one who lives on the minimum Social Security for a full disability (it’s about $760 a month, plus $37 in food stamps, which results in me having to settle for subsidized rent, where I am only able to rent a room), $41 thousand a year is an absolutely unobtainable dream. But here is a figure which ought to shock you: in February 4th’s newspaper here, The Daily Record, in an article by Linda Hall, came the shocking-to-me revelation that attending the Wooster City Schools District are 148 homeless children. Damn, that shocked me: in my own fairly affluent town of Wooster, 148 homeless kids attending school. How can we have allowed such horrible disparity of income in a country as rich as America? This is not all the result of alcoholism, or drugs, or a lack of social workers. A lot of this poverty and suffering are purely political, simply because the super-rich elite and those who follow and obey them and pass legislation mainly to satisfy the elite, literally do not care at all what happens to the poor and the common man. That is a sad thing, America. Very sad indeed. Did those numbers shock you, I hope?
See Economic Inequality: It’s Far Worse Than You Think: “The great divide between our beliefs, our ideals, and reality,” Scientific American, March 31, 2015, by Nicholas Fitz:
…The top 20% of US households own more than 84% of the wealth, and the bottom 40% combine for a paltry 0.3%. The Walton family, for example, has more wealth than 42% of American families combined.
…they asked people how much CEOs and workers should earn. The median American estimated that the CEO-to-worker pay-ratio was 30-to-1, and that ideally, it’d be 7-to-1. The reality? 354-to-1 (as of April, 2015). Fifty years ago, it was 20-to-1.
See Here’s the Secret Truth About Economic Inequality in America, TIME Business * Economy, May 12, 2015, by Rana Foroohar. Speaking about Nobel Economic Laureate Joseph Stiglitz’ report for the Roosevelt Institute, Rewriting the Rules, Foroohar said:
There are a number of provocative insights but the key takeaway–inequality isn’t inevitable, and it’s not just a social issue, but also an economic one, because it’s largely responsible for the fact that every economic “recovery” since the 1990s has been slower and longer than the one before. Inequality isn’t the trade-off for economic growth; rather, it’s both the cause and the symptom of slower growth…..
Stiglitz made the point that both Republican and Democratic administrations have been at fault in crafting not only policies that forward inequality, but also a narrative that tells us that we can’t do anything about it. “Inequality isn’t inevitable,” said Stiglitz. “It’s about the choices we make with the rules we create to structure our economy.”
Bloomberg (from an email newsletter):
“There’s no getting around it: For a girl raised on the Upper West Side of Manhattan, Salt Lake City is a very weird place.
“I went to Utah precisely because it’s weird. More specifically, because economic data suggest that modest Salt Lake City, population 192,672, does something that the rest of us seem to be struggling with: It helps people move upward from poverty. I went to Utah in search of the American Dream.
“Columnists don’t talk as much as they used to about the American Dream. They’re more likely to talk about things like income mobility, income inequality, the Gini coefficient — sanitary, clinical terms. These are easier to quantify than a dream, but also less satisfying. We want money, yes, but we hunger even more deeply for something else: for possibility. It matters to Americans that someone born poor can retire rich. That possibility increasingly seems slimmer and slimmer in most of the nation, but in Utah, it’s still achievable. …”
Watch Billy Joel: Allentown, YouTube – 3:45.
Also read Severe Inequality Is Incompatible With the American Dream, The Atlantic, Business, December 10, 2016, by Alana Semuels: “In the 1980s, the top 1 percent of adults earned 27 times more than the bottom 50 percent. Now, they earn 81 times more.” This data is from The Atlantic, a mainstream, respected magazine. Why this disparity of income? Why isn’t America more equal than this, in terms of income? It’s a POLITICAL problem with political solutions. You super-rich could fix it if you wanted to. This is too much inequality. Sure, there’s going to be some inequality, Jesus himself said there would be poor always. But America has gone from leading the world in upward mobility to being “in the middle of the pack,” about 20th among developed nations. What went wrong? GREED went wrong, greed caused the crisis of 2007-2008, and only the political will of all Americans directed at Congress can fix this. If you don’t make some concessions to the poor you will trigger another Great Depression, that much IS obvious to me. Beyond a house, a car, a wife/husband and a decent job, with a few real friends, just what do you rich folks think is going to “save you” and make your life better?
More and more money will NOT make you happier. Look within yourselves, and turn to the Word of God and faith, that will make your life right, not these window dressings, not a new car. I tell you, it will not help you be happy, only God can do that. Being kind makes you kind, but kindness to the poor will please God and make you feel happier. Kindness can do that, plus it will save the economy from collapse. God loves the poor and hates injustice, it’s shot through the Bible, what exactly about that is so hard to understand?
Paul Evans: So, apparently the first author wants you to believe that the American Dream Lives: In other words, in Utah, there is hope. Without hope the people can have no faith in their leaders, nor the confidence to make enough purchases to fuel the economy. But in “fairly prosperous” Wooster, most of the “have nots” I know have mostly lost hope. In the U.S. right now, while we read that the super-rich have invested $552.9 Trillion in derivatives and OTC swaps, somewhere in the neighborhood of 50 to 75 percent of Americans live paycheck to paycheck. For us, the possibility of actual homelessness is lurking in that one unexpected large expense where we cannot, for example, repair the car which takes us to our minimum wage job, and protects us and our families. In my home state of Ohio, fully one quarter of our children are at the risk of real hunger each and every month. This IS too much inequality, and it invokes economic karma.
If Donald Trump can’t fix this and give us more and better and better-paying jobs, soon it WILL be “all up” and the global economy will collapse. See Stockman, Soros, Paul, Others: A 40-50 Percent Market Crash is Inevitable, The Daily Walk with Love, October 3, 2017, by Paul Evans. I really wish someone would call that article to President Trump’s attention. The fact is, the real misery index (not the fake government one) makes the probable future clear. And if the economy does collapse, it would be TWICE as bad as the great depression, so say the experts. But IF we fix inequality, perhaps using something along the lines of the Salt Lake City model, then the misery index goes down and America’s economic future looks much better, right?
How can “the masses” buy televisions or computers or newer cars if we live paycheck to paycheck? In this way it should be understood that the American economy CANNOT really grow much unless economic inequality is addressed in a fundamental way. You cannot really base an economy on the purchases of the top ten percent. And also, the super-rich and the investment banks have raided the people’s savings accounts too. There remains (I have read) only 1/4 to 1/2 cent left in our savings accounts backing every dollar in circulation. This is known as “unleveraged debt,” and it is VERY unsafe for an economy and a society. We MUST do better.
Utah and Salt Lake City, apparently, are capitalism working the way it should work. President Trump should take notice and copy the models and methods employed there. The example of Utah, specifically Salt Lake City, does give me some reason for hope. But not a lot. I think like the creeping NWO they are basically planning on the utter demolition of the middle class and the destruction of the underclass. That’s exactly what the new push on robots is about.
See Why Big Deficits, Inequality, “Trickle Down,” Greed & Hypercapitalism are Leading Us Into Economic Collapse, The Daily Walk with Love, October 29, 2017, by Paul Evans.
and the American Dream
There are 320,000 homeless veterans out there:
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