Untitled Document
Taking a Closer Look at the Stories Ignored by the Corporate Media
Donate | Fair Use Notice | Who We Are | Contact

NEWS
All News
9-11
Corporatism
Disaster in New Orleans
Economics
Environment
Globalization
Government / The Elite
Human Rights
International Affairs
Iraq War
London Bombing
Media
Police State / Military
Science / Health
Voting Integrity
War on Terrorism
Miscellaneous

COMMENTARY
All Commentaries
9-11
CIA
Corporatism
Economics
Government / The Elite
Imperialism
Iraq War
Media
Police State / Military
Science / Health
Voting Integrity
War on Terrorism

SEARCH/ARCHIVES
Advanced Search
View the Archives

E-mail this Link   Printer Friendly

ECONOMICS -
-

The Bourgeois Congress and Economic Violence

Posted in the database on Wednesday, June 28th, 2006 @ 15:41:31 MST (3702 views)
by Charles Sullivan    Information Clearing House  

Untitled Document

If the greatness of a nation is measured by how it treats its poor rather than its military expenditure, America must rank near the bottom of the heap. The disparity between rich and poor has never been greater and it is widening at an accelerating pace.

Some pertinent statistics vividly tell the story:

Of the world’s 100 largest economic entities, 51 are corporations and 49 are nations.

The world’s top 200 corporations account for over a quarter of the economic activity on the globe while employing less than 1% of its workforce.

The assets of the world’s 358 billionaires exceed the combined annual incomes of countries with 45% of the world’s people.

The richest 1% of Americans own 40% of the nation’s household wealth.

The average CEO in the U.S. made 42 times the average worker’s pay in 1980, 85 times in 1990 and 531 times in 2000.

The corporate share of taxes paid has fallen from 33% in the 1940’s to 15% in the 1990’s. Individuals’ share of taxes has risen from 44 to 73%.

The World Trade Organization (WTO) effectively gives veto power to corporations over our U.S. environmental and labor laws.

The first minimum wage was established in 1938. On September 1, 1996 the current $5.15/hr. minimum wage was signed into law. There has been no increase in the minimum wage in over nine years. During that same period of time Congress voted itself eight pay raises.

Even the paltry minimum wage of $5.15 does not possess its original purchasing power, as the cost of living has continued to rise. Thus, the minimum wage, a national disgrace, has its lowest purchasing power in 51 years.

The blatant exploitation of the working poor is occurring against the backdrop of a Congress that is doling out massive welfare to the world’s largest and wealthiest corporations and providing tax cuts for the richest Americans, even as worker pensions vanish after a lifetime of service. But it gets worse.

A worker who earns the minimum wage of $5.15/hr. during the course of a year earns just $10,700. That is $6,000 below the federal poverty level for a family of three at $16,600. Sixty-one percent of minimum wage earners are women, many of them single.

According to Rick Wilson, director of American Friends Service Committee’s West Virginia Economic Justice Department, the base pay for a congressperson is $168,500 per year. A single mother earning the minimum wage would have to work 15.7 years at 40 hours per week to earn the congressperson’s minimum.

Even that measure is misleading. The disparity is far greater than the dire statistics indicate. There are 435 members in the House of Representatives of which 123 had at least one million dollar incomes. In 2002, 43% of freshmen congresspersons had incomes of a million dollars or more and the number is growing with each election cycle. As Congress continues to resemble the nation’s economic elite rather than the demographics of their respective districts, the poor increasingly find themselves among the disenfranchised.

In the wealthiest nation on earth one in five children lives in deep poverty. It this is not class warfare, I do not know what is

As the working poor sink deeper into the oblivion of the swirling vortex of social and economic despair, ever more wealth is concentrated among society’s upper crust. What is Congress doing about it? They have wasted weeks discussing how to abolish the estate tax, a levy that benefits less than 0.3 percent of the population—the very wealthiest Americans.

It should be clear by now that the working people have no protection from Congress and the corporate Plutocracy. During the Clinton presidency, Bill Clinton and the Congress dismantled the welfare system while giving obscene subsidies to corporations such as Microsoft, Wal-Mart, General Motors and Daimler-Chrysler. The Republican record is even worse. Can there be any doubt about whose interest Congress serves?

The outlook is likely to worsen for American workers as the economic disparity gap widens. The minimum wage law is a cruel hoax against the working poor. The champions of capital, as evidenced in the statistics cited above, do not care about the poor. America’s vast economic divide is the deliberate result of policies enacted by both Republicans and Democrats. That is why political reform is a pipe dream. The workers have no one representing them in government.

The minimum wage must be abolished and replaced by a living wage. In the wealthiest nation on earth there is no excuse why every worker should not earn a decent living by working forty hours or less per week with full benefits and guaranteed pensions upon retirement. Ultimately, the wage system must be abolished and the ownership of production given to the workers—those who produce all of the wealth.

The appalling social cost of the minimum wage may be the underlying cause for the demise of the American family. When parents are forced to work for slave wages at multiple jobs the family suffers. The basic inequity of our culture of greed sets in motion waves of criminal activity, as desperate people seek any means of providing for their families. Desperate people do desperate things. It also gives rise to a culture of violence, drugs and widespread alcoholism that characterize America.

The per capita rate of incarceration in the U.S. exceeds that of any industrialized nation, with the poor and people of color disproportionately affected. Disparity doesn’t just happen. It is the result of social and economic policy deliberately enacted against the poor. The evidence speaks for itself in the voting records of Congress. It is there for all to see.

Sources:

Ambrose I. Lane, Sr., XM-Satellite radio channel 169, The Power, 6/23/2006

The Congressional Millionaires Club, Charles Sullivan, ICH 11/21/05

How the System Works (or doesn’t), http://www.corporations.org/system/

Ralph Nader, Cutting Corporate Welfare, Seven Stories Press, 2000

American Friends Service Committee, http://www.afsc.org

Lionheart, www.lionheart.org

Charles Sullivan is a photographer, free lance writer and social activist living in the hinterland of West Virginia. He welcomes your comments at earthdog@highstream.net

_____________________________

Read from Looking Glass News

A Congressional den of thieves

Update on America's Criminal Class

Congress' pension: Nice and secure

The Congressional Millionaires Club

The Rich Die Differently From You and Me

The middle of what?

America's Middle Class: In the Tank!

Working-stiff as capitalist -- The hooey of the investor class

Tax Cuts, Executive Pay and Golden Parachutes - The Rich are Different

U.S.: Pay Gap Widens Between CEOs and Workers

Are American CEO's Overpaid?

Minimum Wage: Lowest in 50 Years

Wall Street Declares War on Wages

WHY is the Media Obsessed with Hourly Wages???

Forget buying -- low-wage workers can barely afford rent

The class war economy: Corporate America’s steals from workers and the poor

Welcome to middle-class lockdown; now shut up and buy something



Go to Original Article >>>

The views expressed herein are the writers' own and do not necessarily reflect those of Looking Glass News. Click the disclaimer link below for more information.
Email: editor@lookingglassnews.org.

E-mail this Link   Printer Friendly




Untitled Document
Disclaimer
Donate | Fair Use Notice | Who We Are | Contact
Copyright 2005 Looking Glass News.