Home National Economy USA: Rich Plutos, Poor People

USA: Rich Plutos, Poor People

The New York Times is waking up, and smelling the roses, Here is an extract of:

http://nytimes.com/2014/04/23/upshot/the-american-middle-class-is-no-longer-the-worlds-richest.html,

followed by my further seeing remarks. By the way, before I unleash the New York Times, the numbers the NYT uses about the USA’s median income are way more optimistic than the official ones. Here is the real situation.

The American middle class, long the most affluent in the world, has lost that distinction.

While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.

After-tax middle-class incomes in Canada – substantially behind in 2000 – now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.

The numbers, based on surveys conducted over the past 35 years, offer some of the most detailed publicly available comparisons for different income groups in different countries over time. They suggest that most American families are paying a steep price for high and rising income inequality.”

I sent the following comments, to pursue the New York Times’ education:

The reality is way worse: one has to take into account what taxes provide with. In the USA, taxes provide the rich with even more services. In Europe, taxes provide the Non-Rich, with even more basic services.

Some services, such as health care, education, or helping the poor, should be viewed as basic human rights.

Take the case of the French Republic. On the surface, French median income, after tax is significantly lower than in the USA. However, those French taxes pay for crucial services that then come for free, or are heavily subsidized in France. For example in health, education, retirement, etc.

France has the highest taxes, with Denmark, about 56% of GDP. However, those taxes are used for massive redistribution. Thus health care is first class and basically free in France.

Education too is free, in France, all the way to the doctorate.

Preschool is also free, and toddlers can be left, for free, in the care of the specially trained health care providers much of the day, for working moms.

In many European countries, parents get massive support, not just from day one, but from the day of pregnancy (then the care is free and intense; parents get extended parental leave, sometimes years).

Plutocracy is a redistribution of wealth, power, income, from We The People to a small minority of controlling parasites. Plutocracy paralyzes the minds with a warped case of inverted decency. Plutocracy is neither optimal for the society, nor the economy.

Plutocracy affects the USA more than Europe, and the minds, even more than the stomachs. The fact that average Americans feel that they are much better of than in the rest of the world reinforce the plutocratization of the USA. Including astounding tolerance for the amazingly corrupt so called Supreme Court (Supremely plutocratic!).

I’m “Black”, Mom Was White, & Thus We’re In The Black.
I’m “Black”, Mom Was White, & Thus We’re In The Black.

For more on how plutocracy has corrupted minds, see:

http://panterragolo.wordpress.com/2014/04/22/class-mind-in-the-usa/

Patrice Ayme

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.