Peak Wealth &
The .01% – Ultra-Rich ($100 million and up) and the Impoverishment of society
(on a local, national and global scale, such inequality is the breeding ground for revolution)
The U.S. Declaration of Independence ~
“When in the course of human events, it becomes necessary for one people to dissolve the political bands that have connected them with another… a decent respect for the opinions of mankind requires that they should declare the causes which propel them to separation.”
David DeGraw‘s new book “The Economics of Revolution” will be released Sept. 17, 2014.
DeGraw states: “an extensive analysis of economic conditions and government policy reveals that the need for significant systemic change is now a mathematical fact. Corruption, greed and economic inequality have reached a peak tipping point. Due to the consolidation of wealth, the majority of the population in the U.S. cannot generate enough income to keep up with the cost of living. In the present economy, under current government policy, 70% of the population is now sentenced to an impoverished existence.”
Look at some of DeGraw’s evidence: “To see how corrupt the United States government has become, just follow the money. According to the most recent Federal Reserve Flow of Funds report, US households currently have an all-time high $82 trillion in overall wealth. If that wealth were spread out evenly, every US household would now have $712k. However, as of the end of 2013, the median household only had $56k in wealth. From 2007 – 2013, overall wealth increased 26%, while the median household lost a shocking 43% of their wealth. If median wealth continues to decline at this rate, over 50% of US households will be bankrupt within the next decade.
“The fact that the majority of households are losing so much wealth in a time of record-breaking overall wealth demonstrates how systemically corrupt the economy has become. To begin to grasp the scale of corruption, let’s analyze how much wealth has been consolidated within the economic top .01% of the population. An individual must have over $100 million in wealth to be in the .01% –Ultra-Rich. Since 1980, the .01% have more than quadrupled their share of overall wealth. Meanwhile, households who fall between the top 10% and the top 0.1% have actually been losing their share of overall wealth. As the ultra-rich .01% amasses unprecedented wealth, they are forcing the overwhelming majority of the population into extreme economic insecurity and ever-increasing debt… If you are struggling to get by and running up debt to make ends meet, it is not your fault.” Government policies and the economic system need to change. Organize! Unite! Work for justice and a new economic order!
Justice is the Foundation of True Peace!
1. Mourn all victims of violence. 2. Reject war as a solution. 3. Defend civil liberties. 4. Oppose all discrimination, anti-Islamic, anti-Semitic, anti-Hawaiian, etc.
5. Seek peace through justice in Hawai`i and around the world.
Contact: Malu `Aina Center for Non-violent Education & Action P.O. Box 489 Kurtistown, Hawai`i 96760.
Phone (808) 966-7622. Email:email@example.com http://www.malu-aina.org
Hilo Peace Vigil leaflet (August 29, 2014 – 675th week) – Friday 3:30-5PM downtown Post Office