FREEDOM OR ANARCHY,Campaign of Conscience.

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This blog does not promote, support, condone, encourage, advocate, nor in any way endorse any racist (or "racialist") ideologies, nor any armed and/or violent revolutionary, seditionist and/or terrorist activities. Any racial separatist or militant groups listed here are solely for reference and Opinions of multiple authors including Freedom or Anarchy Campaign of conscience.

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The Free Thought Project,The Daily Sheeple & FREEDOM OR ANARCHY Campaign of Conscience are dedicated to holding those who claim authority over our lives accountable. “Each of us has a unique part to play in the healing of the world.”
“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.” - George Orwell, 1984

"Until the philosophy which holds one race superior and another inferior is finally and permanently discredited and abandoned, everywhere is war and until there are no longer first-class and second-class citizens of any nation, until the color of a man's skin is of no more significance than the color of his eyes. And until the basic human rights are equally guaranteed to all without regard to race, there is war. And until that day, the dream of lasting peace, world citizenship, rule of international morality, will remain but a fleeting illusion to be pursued, but never attained... now everywhere is war." - - Haile Selassie I of Ethiopia - Popularized by Bob Marley in the song War

STEALING FROM THE CITIZENRY

The right to tell the Government to kiss my Ass Important Message for All Law Enforcers Freedom; what it is, and what it is not. Unadulterated freedom is an unattainable goal; that is what the founders of America knew and understood, which was their impetus behind the documents that established our great nation. They also knew that one of the primary driving forces in human nature is the unconscious desire to be truly free. This meant to them that mankind if totally left completely unrestricted would pursue all things in life without any awareness or acknowledgement of the consequences of his/her own actions leaving only the individual conscience if they had one as a control on behavior. This would not bode well in the development of a great society. Yet the founders of America chose to allow men/women as much liberty as could be, with minimum impact on the freedom or liberties of others

Sunday, May 1, 2016

Inequality Will Get Worse Until There’s A Revolution

Inequality Will Get Worse Until There’s A Revolution


occupy-99-percent-revolution-600x401

America’s wealth concentration has increased tenfold since Bill Clinton first ran for president.

Imagine, after a deep sleep, you suffered the fate of Rip Van Winkle and woke in the spring of 2040. What might you find?
Among other things, maybe a presidential candidate railing against America’s concentration of wealth. Except this time, it’s not the 1 percent that owns as much wealth as the bottom 90 percent — it’s the top hundredth of a percent.
Could it get that bad? Yes, quite easily. In fact, that nightmare is already on the way.
To see this better, take a step back in time. If you woke up 24 years ago, you could hear candidate Bill Clinton lamenting the fact that the top 1 percent owned as much wealth as the bottom 90 percent.
Today, as anyone who’s heard Bernie Sanders give his stump speech knows, it’s the top tenth of 1 percent who owns that much. That’s 10 times more concentrated — and it’s happened over just six presidential cycles. If the trend continues, the scenario I presented at the outset will be a reality.
Here’s another way to look at it: In 1992, when Bill Clinton first found America’s wealth concentration unacceptable, the average person in the top hundredth of a percent was about 1,100 times wealthier than the average person in the bottom 90 percent. By 2012, the most recent year for which statistics are available, that ratio had quadrupled, to approximately 4,500 times.
If the numbers I predicted for 2040 hold, that figure will rise to 9,000 times. If the average net worth is around $30,000 then — a sliver of equity in a modest home — then the average household in the top hundredth of a percent will be worth over $250 million.
Can America avoid such a dismal future?
Yes, but only if the philosophy underlying our tax policy changes. We can’t just raise revenue and distribute the tax burden in a way our leaders deem fair. Preventing undue accumulations of wealth must become a cornerstone of American tax policy.
That would entail three fundamental changes.
First, lawmakers must abandon the policy of taxing investment income — which flows almost exclusively to the wealthiest Americans — far less heavily than income from labor, the income on which the rest of us depend.
Second, they should increase the top marginal income tax rate substantially for those with huge incomes. Ludicrously, current rates subject a billionaire with a nine-figure income to the same top marginal income tax rate as a doctor making $500,000. That’s a major factor in our worsening wealth inequality.
Third, the gigantic loopholes in the estate tax system, which allow even billion-dollar estates to escape taxation when they’re passed on to the next generation, must be closed and the top estate tax rate increased.
Possible? Yes, but it will take a revolution.
OtherWords columnist Bob Lord is a veteran tax lawyer who practices and blogs in Phoenix, Arizona. He’s an associate fellow of the Institute for Policy Studies. OtherWords.org

Inequality Will Get Worse Until There’s A Revolution


occupy-99-percent-revolution-600x401

America’s wealth concentration has increased tenfold since Bill Clinton first ran for president.

Imagine, after a deep sleep, you suffered the fate of Rip Van Winkle and woke in the spring of 2040. What might you find?
Among other things, maybe a presidential candidate railing against America’s concentration of wealth. Except this time, it’s not the 1 percent that owns as much wealth as the bottom 90 percent — it’s the top hundredth of a percent.
Could it get that bad? Yes, quite easily. In fact, that nightmare is already on the way.
To see this better, take a step back in time. If you woke up 24 years ago, you could hear candidate Bill Clinton lamenting the fact that the top 1 percent owned as much wealth as the bottom 90 percent.
Today, as anyone who’s heard Bernie Sanders give his stump speech knows, it’s the top tenth of 1 percent who owns that much. That’s 10 times more concentrated — and it’s happened over just six presidential cycles. If the trend continues, the scenario I presented at the outset will be a reality.
Here’s another way to look at it: In 1992, when Bill Clinton first found America’s wealth concentration unacceptable, the average person in the top hundredth of a percent was about 1,100 times wealthier than the average person in the bottom 90 percent. By 2012, the most recent year for which statistics are available, that ratio had quadrupled, to approximately 4,500 times.
If the numbers I predicted for 2040 hold, that figure will rise to 9,000 times. If the average net worth is around $30,000 then — a sliver of equity in a modest home — then the average household in the top hundredth of a percent will be worth over $250 million.
Can America avoid such a dismal future?
Yes, but only if the philosophy underlying our tax policy changes. We can’t just raise revenue and distribute the tax burden in a way our leaders deem fair. Preventing undue accumulations of wealth must become a cornerstone of American tax policy.
That would entail three fundamental changes.
First, lawmakers must abandon the policy of taxing investment income — which flows almost exclusively to the wealthiest Americans — far less heavily than income from labor, the income on which the rest of us depend.
Second, they should increase the top marginal income tax rate substantially for those with huge incomes. Ludicrously, current rates subject a billionaire with a nine-figure income to the same top marginal income tax rate as a doctor making $500,000. That’s a major factor in our worsening wealth inequality.
Third, the gigantic loopholes in the estate tax system, which allow even billion-dollar estates to escape taxation when they’re passed on to the next generation, must be closed and the top estate tax rate increased.
Possible? Yes, but it will take a revolution.
OtherWords columnist Bob Lord is a veteran tax lawyer who practices and blogs in Phoenix, Arizona. He’s an associate fellow of the Institute for Policy Studies. OtherWords.org


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