It's time to outlaw billionaires!
By louisehartmann
Welcome to America, where half the nation lives right on the razor’s edge. A shocking new report out of the Corporation for Enterprise Development, finds that 44% of Americans are just one financial shock away from complete ruin. Nearly half the nation doesn’t have enough savings to keep them out of poverty for more than 3 months, should they suffer a job loss, an accident, a sickness, or other financial shock.
Another recent study out of the Consumer Federation of American, found that 40% of all American households live paycheck-to-paycheck, with virtually no savings. This is what’s become of the once valued American middle class, after thirty years of trickle-down Reaganomics. And it’s the main reason why are economy continues to falter – our nation's working people and consumers don’t have enough money to spend.
Let’s roll back the Reagan tax cuts – put in place a new wealth tax on everyone making over a billion dollars and redistribute some of that wealth down to working people, who will actually spend it. Go to NoBillionaires.com.
Thom's Blog Is On the Move
By webmaster
Hello All
Thom's blog in this space and moving to a new home.
Please follow us across to hartmannreport.com - this will be the only place going forward to read Thom's blog posts and articles.
Images of Thom
With His Holiness The Dalai Lama, at His home in Dharamsala, India (Synthesis Dialogues - made into a movie narrated by Harrison Ford)
From The Thom Hartmann Reader:
"Right through the worst of the Bush years and into the present, Thom Hartmann has been one of the very few voices constantly willing to tell the truth. Rank him up there with Jon Stewart, Bill Moyers, and Paul Krugman for having the sheer persistent courage of his convictions."
From Screwed:
"Thom Hartmann’s book explains in simple language and with concrete research the details of the Neo-con’s war against the American middle class. It proves what many have intuited and serves to remind us that without a healthy, employed, and vital middle class, America is no more than the richest Third World country on the planet."
From Screwed:
"If we are going to live in a Democracy, we need to have a healthy middle class. Thom Hartmann shows us how the ‘cons’ have wronged this country, and tells us what needs to be done to reclaim what it is to be American."
Watching Thom’s discussion with a flamboyant young man, I didn’t catch his name, but the core of Thom’s theme was that money was made yet no practical product was produced. In an animated way Thom brought his opinion forward in understandable way. That is money shifted, ownership shifted, profit shifted, and so did people shift. Or in a sense money was sifted out of the system.
Many could say the energy that was created by productivity or “sacrifice” was legally taken using the legal Banker Gaussian system. That vacuum, that space, that displacement, that productivity, that “sacrifice”, was totally ignored as the single most credible reason why the transaction could be made in the first place. It is immoral to work this way, and those who know are engulfed in this immorality unshaken with the same spirit Thom talked about as any president signs legislation. Or commit men to war.
Once legislation is signed money can flip to profiteering quickly. Especially with insider knowledge communicating on a golf course, in a closed door meetings, or a public address. It’s no wonder why those who are in Congress and close to those who work there are rich. That’s the real trickledown economics and that money never gets to the average American. That’s the real Ronald Reagan Republican economic system. That’s why it’s totally unfair, corrupt to its core in both the banking and the securities stock market system. To expose it could mean world economic change never before thought of, where many that would not accept change would hold hands and jump.
Here the banksters mathematics which use the contemporary banking Gaussian derivative to get where they are, go on to take a chunk of profit after a sale. The Housing market is the long time example of the way it does not have to be. This is illustrated by the fact anyone who takes a home loan does not have to pay ninety percent interest rate up front. Obviously if more money went to the principle the ability to own the home in a shorter time would be realized. The whole concept could be indexed away. It is interesting to watch that political people have no problem to index away the safety net money, but will not even consider indexing the money market to a faster citizen’s property ownership. So America is being squeezed to fail, a perfect Wahhabi algorithm to eliminate America.