"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 percent of those polled believed that it was possible to start
out poor, work hard and become rich, compared with less than 60 percent back in
standards, America has an unusually low level of intergenerational
mobility: our parents' income is highly predictive of our incomes as adults.
Intergenerational 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 than America.
The intergenerational findings
paint a portrait of a society in which family background matters a great deal.
For the 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.
Today's record 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.
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 percent 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
percent. Forty-three percent of children growing up in America today are being
raised without their fathers.
Working Americans are now being forced to
chose between economic security or getting married and having
"This debunks 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
created 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.
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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presented in print media which may or may not have originally presented the
facts truthfully. Opinion and thoughts have been adapted, edited, corrected,
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
original writer with the intent of making his or her thoughts and opinions
clearer and relevant to the reader in the present time.
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