|Blind, Stupid, or just Mendaciously Deceitful?|
I was at the grocery store today and as I walked out I noticed the front page of the money losing propaganda sheet that was started by Conrad Black, not to make money necessarily but to be a colorful and flashy daily advertisement in defense of the entitled elite and GREED! I was startled to see a colorful headline in the middle just below the banner in black and blue (a similar blue to the one I use in my titles here) that proclaimed the Post's frontpage:
It's the 1%
who are flatlining, while the
For some reason this eye catching fancily formatted headline or illustration doesn't appear in the online version of the column of lies. Although the commentators there give Andy kudos for proving that those concerned about inequality are WRONG, they are folks who read the Con filled Post and are either entitled themselves or confident they soon will be among the higher ups.
Since every reputable set of data indicates that the current level of inequality is even higher than it was in 1929, just before the big crash, when the banksters and fraudsters had turned Wall Street into a casino of speculation, completely divorced from an actual PRODUCTIVE ECONOMY. Every time the richie riches decide to not use the stock market to provide investment into making widgets, rockets or any other actual thing to eat, drive or sit on and decide trading imaginary paper is the way to maximize
profits and screw main street, manufacturers and builders - it always manages to end badly. It did in 1929 and kicked off the Great Depression and again in 2007/2008 which triggered perhaps the even Greater Depression which certainly ain't over yet and its even looking like it will take massive war to wise the Masters of the Universe who have highjacked the 99 percent of not-entitled, non-elite.
Last time, in 1929, at least lots of the a-holes who created the mess had the courtesy or self respect to jump out of windows - though many hung onto life and spent the next few years trying to thwart FDR, just like the current crooks are more successfully thwarting Obama and anyone in Congress who would deign to attempt to rein in their shameful GREED! So far this time they have managed to believe in socialism, but only for them, as they somehow swindled the rest of the country who were losing their jobs, savings, retirement plans and homes to bail them out. Now of course they are back to the same old highway robbery, only more so and taking bigger fees and commissions, basically ripping everybody else off, even harder.
Dudes like the supercilious Andrew Coyne, born a son to the Governor of the Bank of Canada
at the time, make it their mission to enable, excuse and explain how and why everybody is doing better, as food banks feed more of the population and homelessness reaches new highs almost monthly. These losers should feel sorry for those poor rich folks who are "flatlining." Give me a break.
I was really disappointed myself in the charts and other stats Andy uses to "prove" his assertions. Rather than the poor rich folks suffering and the lowlifes "surging" at best his choice of graphs shows some amount of staying static amidst already gaping inequality. But the main way Mr. Coin hides or turns the truth on its head is by concentrating on INCOME. The one percent don't live by "income," and any discussion of inequality is meaningless without taking "wealth" into consideratiion. Most of the "income" of the really rich isn't considered income, even though it COMES IN to their pockets. Thats why even a minor league rich guy (though in the lower levels of the really rich) can pay so little in taxes, the majority of the money incoming to these guys isn't income and often is invisibly stashed away out of sight of the IRS, the CRA and the Harper handicapped (more like kneecapped) Stats Can.
Little Andy isn't working alone on this deception and denial to cover the asses of the rich, no way. Countless Stink Tanks like the Fraser Institute, the Heritage Foundation, the Chicago School of Economics and flapping gum operators like Kevin "I love being an asshole" O'Leary produce an unending chorus about why we should treasure the rich and someday we will benefit. Well, perhaps bar-b-qued with a good sauce. A Fraser Institute paper that spends over 30 pages telling us how good we've got it and how much better it would be if we only listened to them even lists in the bibliography this absurd citation.
Coyne, C. J. (2006). Income Inequality Benefits American Society.
In R. Sims(Ed.),Is the Gap Between the Rich and Poor Growing?
I don't know if this guy is related to little Andy, but there is no link for it, I guess you gotta buy the book, after all he wants to be a rich guy too, you know! Academic publications don't generally lead to riches, but they could lead to wing-nut welfare at the Fraser Institute or Heritage Foundation.
The current situation in Europe, Canada and especially the US is not sustainable, there will be some kind of growing movement for change, it was part of the Occupy Movement and growing crowds of Greeks, Spaniards, French and even English folk that didn't go to school with David Cameron are taking to the streets, only to be put down, somewhat less violently than in say Syria or Egypt, but violent or non-violent, it will come. That is if we are here long enough. Obama might bomb Syria and then Russia or even Syria itself with sophisticated Russian anti-ship missiles might take out an American aircraft carrier or destroyer of shoot down an F-18 or F-22 or two and then who knows. Maybe we'll wind up getting out of this depression the same way we did the last one and work wonders on the population problem at the same time. At some point everybody isn't gonna just be happy sitting on the sidelines watching the USA play Bad Cop where ever and when ever in the world it wants to do so!