The President is finally sounding like the man that America elected. He finally sounds like a champion for the working middle class. We must invest massively in the middle class effective now and put the unemployed back to work.
The private sector corporations have not kept its pact with “we the people”. Instead they have used up the resources “we the people” invested in. “We the people” created and paid for great universities that educated the professionals mined by corporations. “We the people” created and paid for the canals, the highways, the airports, the bridges that enabled corporations to move their goods. “We the people” created the military that keep the sea lanes open and free for corporations to import and export their goods. Ultimately “we the people” are the largest consumers of corporations’ goods even as they employ “we the people” at lower wages and even as they export more and more of “we the peoples’” jobs to slave labor and environmentally challenged countries abroad.
So how do we pay for this? Through an aberration in our economic system and without justification 1% of Americans own 49.7% of all investment assets and 43% of all financial wealth. 10% of Americans own almost 90% of all investment assets and 83% of all financial wealth. The wealth and income disparity in America is the worst of all industrialized nations sans Switzerland. America’s meritless wealth must be progressively taxed. The economic activity generated by them paying back what is owed “we the people” will benefit them and society at large. It is time that we demand from those that have mined “we the peoples’” resources, blood, sweat, tears, and scars, the obligation to repair the damage they have caused.
