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Harry should tell us how much of
the capital is owned by how much of the
population.
REH
I don't want to horn in on Harry, but I've been reading
something that seems relevant. To summarize:
In "Wealth and Democracy", Kevin Phillips is said to
report that the net worth, including home equity, of the middle quintile
(fifth) of Americans declined by 10% between 1983 and 1995, rose again in 1998
and 1999, but then slipped right back down in 2000 and 2001. The top one
percent, over a million people, saw their net worth grow by 75%.
According to the Federal Reserve Bulletin, between 1983 and 1997 only
the top five percent saw an increase in their net worth, while wealth declined
for every one else. Eighty percent of America's wealth - land,
stocks, bonds - is in the hands of 10% of the people. (Source: Molly
Ivans and Lou Dubose, Bushwhacked, Random House, 2003,
pp.43-44)
Note that I'm not vouching for the accuracy of
the foregoing, just reporting it.
Ed
----- Original Message -----
Sent: Thursday, January 08, 2004 11:45
AM
Subject: Re: [Futurework] Bush's amnesty
program for illegal immigrantworkers: Texan Trojan Horse? Or decent sensible
policy?
So is the 1/2 of one per cent going to do all the
buying? Harry should tell us how much of the capital is owned by
how much of the population. That is the area he is always talking
about in England.
REH
----- Original Message -----
Sent: Thursday, January 08, 2004 10:21
AM
Subject: Re: [Futurework] Bush's
amnesty program for illegal immigrantworkers: Texan Trojan Horse? Or decent
sensible policy?
It's all part of a
grander vision. In the US, working for a living is no longer as
important as it once was. Who does it matters less and less.
Crappy jobs can be done by cheap insourced labour, while expensive jobs can
be outsourced overseas. How are ordinary Americans going to make a
living? Why, by being part of Bush's "ownership society"! They
will own the capital and let others do the work.
Ed
----- Original Message -----
Sent: Wednesday, January 07, 2004 8:35
PM
Subject: [Futurework] Bush's amnesty program for
illegal immigrant workers: Texan Trojan Horse? Or decent sensible
policy?
> What does
everyone think:
>
> Is Bush's amnesty program for illegal
immigrant workers
> really a way to fill jobs here in the US that
no
> American wants, and to provide the immigrant workers
> with
rights and a more decent life?
>
> Or is it another way to
reduce American labor costs
> by increasing competition from persons
who are
> willing to work under worse conditions and for less?
>
> Trade union busting? Or civic union enhancing?
>
>
Could Bush actualy be doing something constructive?
>
> What do
you think?
>
> \brad mccormick
>
> --
>
Let your light so shine before men,
>
that they may see your good works.... (Matt 5:16)
>
>
Prove all things; hold fast that which is good. (1 Thes
5:21)
>
> <![%THINK;[SGML+APL]]> Brad McCormick, Ed.D. /
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>
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>
Visit my website ==> http://www.users.cloud9.net/~bradmcc/
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