Reply #52: A New Declaration of Independence: 10 Ideas for Taking America Back from the 1% [View All]

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http://www.alternet.org/economy/152912/a_new_declaration_of_independence%3A_10_ideas_for_taking_america_back_from_the_1

Here’s where we are in the course of human events right now: 14 million Americans are jobless and millions more are underemployed. Those still working have seen wages fall after 30 years of stagnation. The 1 Percent of top wage earners could buy and sell the rest of us without so much as a low balance warning on their checking account apps. The tenth-of-1 Percent earns millions more every year in barely taxed capital gains and derivatives while everyone else struggles to pay down trillions of dollars of debt. Massive, growing income inequality is now belatedly acknowledged by political and media elites, but many of them seem befuddled as to its cause and importance.

t is our belief that many of the problems facing Americans today can be directly connected to the unchecked power and complete unaccountability of the 1 Percent, a group that benefits from every unequal boom of the modern era and escapes each disastrous bust unscathed. The 1 Percent is insulated from the negative effects of its disastrous policies by its paid representatives in government. The elite 1 Percent ensures the slavish loyalty of its political handmaidens by flooding their campaign coffers with money squeezed from the 99 Percent as deposits, fees and interest.