"For decades, the wealthy have been held up as
people to be admired, victors in the Darwinian economic struggle by virtue
of their personal ingenuity and hard work. Americans consistently supported
fiscal policies that undermined middle
and working-class interests partially because they saw themselves as
rich-people-in-waiting: Given time, toil and the magic of compound interest,
anyone could retire a millionaire.
That mind-set has all but been eradicated by the damage sustained by the
average worker's nest egg, combined with the spectacle of
bankers and financial engineers
maintaining their lifestyles with multimillion-dollar bonuses while the
submerged 99% struggle for oxygen. By my count, roughly one-quarter of the
names on the Forbes list of the 400
richest Americans got there by inheritance (and by no means have all of
them enhanced the family fortune with their own toil or brainpower). A few
years ago, it was common to think of the rich as a special breed. We may soon
come around to George Orwell's
view that the only difference between rich and poor is income." - Michael
Hiltzik, March 19, 2009 "Wait a minute - you're going
to help firefighters and police to attain the American Dream while some of us
can only dream! Let's see, we help school
teachers, we help welfare mothers (Section 8) and now we want to help
firefighters and police who already make a good salary. There's a group of us
who are just under the "middle class" who get no
help at all. Am I jealous? You're damn right
I am." - Charles Martin
survey for the New York Times in 2005
found that 80% of those polled believed that it was possible to start out poor,
work hard and become rich, compared with less than 60% back in 1983.
America has an unusually low level of intergenerational mobility: our parents'
income is highly predictive of our incomes as adults.
mobility in America is lower than in France, Germany, Sweden, Canada, Finland,
Norway and Denmark.
Among high-income countries for which comparable
estimates are available, only the United Kingdom had a lower rate of mobility
The intergenerational findings paint a portrait of a
society in which family background
matters a great deal.
middle class, an increase
in income volatility has led to
an increase in the
frequency of large negative income shocks, which
may be expected to translate to an
increase in financial distress.
Despite solid growth in GDP,
household short-term income mobility at the median in 2003-04 was no more
favorable than in the recession years of 1990-91.
A large academic study
released in 2014 found income mobility has not changed appreciably in the last
The recent economic expansion has generated tepid growth
in median household income, and a considerable increase in the risk of major
income losses from year to year.
levels of both secured and unsecured debt mean income losses may have lasting
effects on finances.
Both large upward and large downward movements
have become more frequent, and it is coherent to argue that this combination
produces greater insecurity compared with a more stable economic environment.
This may be evidence of a fundamental shift in the relation between
economic growth and economic security, as may be the finding that even those
who work overtime on a consistent basis no longer appear to be able to generate
much upward mobility for their families." - Tom Hertz, American University
In 2001 married couples were twice as likely to file for
bankruptcy or more likely to
lose their homes to foreclosure than childless couples or single
To most families in
America today a second income is not a luxury but a necessity.
Because it takes two incomes to
survive, financial shocks such as the involuntary loss of a job or a health
crisis, are much more likely to devastate the family.
In America in 2004
over 30% of marriages end within the first 10 years. 41% of first marriages end
in divorce after an average of 8 years. Living together prior to getting
married can increase the chance of getting divorced by as much as 40%. 43% of
children growing up in America today are being raised without their
Working Americans are now being forced to chose between
economic security or getting married and having children.
the myth of America as the land of
opportunity, but it doesn't tell us what to do to fix it." - Bhashkar
Mazumder, senior economist Federal Reserve Bank of Cleveland.
This web site is not a commercial web site and
is presented for educational
This website defines a
new perspective with which to engage reality to which its author adheres. The
author feels that the falsification of reality outside personal experience has
forged a populace unable to discern propaganda from reality and that this has
been done purposefully by an international
corporate cartel through their agents who wish to foist a corrupt version
of reality on the human race. Religious intolerance occurs
when any group refuses to tolerate religious practices, religious beliefs or
persons due to their religious ideology. This web site marks the founding of a
system of philosophy named The Truth of the Way of Life - a rational religion
based on reason which requires no leap of faith, accepts no tithes, has no
supreme leader, no church buildings and in which each and every individual is
encouraged to develop a personal relation with the Creator and Sustainer
through the pursuit of the knowledge of reality in the hope of curing the
spiritual corruption that has enveloped the human spirit. The tenets of The
Truth of the Way of Life are spelled out in detail on this web site by the
author. Violent acts against individuals due to their religious beliefs in
America is considered a "hate crime."
This web site in no way condones
violence. To the contrary the intent here is to reduce the violence that is
already occurring due to the international corporate cartels desire to control
the human race. The international corporate
cartel already controls the world economic system, corporate media
worldwide, the global industrial military entertainment complex and is
responsible for the collapse of morals, the elevation of
self-centered behavior and the destruction
of global ecosystems. Civilization is based on cooperation. Cooperation does
not occur at the point of a gun.
American social mores and values have
declined precipitously over the last century as the corrupt international
cartel has garnered more and more power. This power rests in the ability to
deceive the populace in general through corporate media by pressing emotional
buttons which have been preprogrammed into the population through prior mass
media psychological operations. The results have been the destruction of the
family and the destruction of social structures that do not adhere to the
corrupt international elites vision of a
perfect world. Through distraction and coercion the direction of thought of
the bulk of the population has been directed toward solutions proposed by the
corrupt international elite that further consolidates their power and which
further their purposes.
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site are the views and opinions of individual human men and women that, through
their writings, showed the capacity for intelligent, reasonable, rational,
insightful and unpopular thought. All factual information presented on this web
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redacted, combined, added to, re-edited and re-corrected as nearly all opinion
and thought has been throughout time but has been done so in the spirit of the
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clearer and relevant to the reader in the present time.
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