The world financial wealth is $95.5 trillion. This is the cash that keeps the capitalist system running now, what happens when there is 8 percent or $7.6 trillion missing? This is money, which is not circulating in the system, such as wages paid or being spent on durable goods that would need to replaced eventually, stoves, or washers and dryers. It is just a loss to all except the hoarders of the $7.6 trillion.
To make matters worse, there is also $190 billion lost in taxes worldwide, $35 billion just in the U.S. and this is money that has to be made whole by the 47 percent. Once again, cash taken out of the capitalist system in ways like pay for our federal, state, county and city government workers, law enforcement, firefighters, infrastructure, schools, colleges, and renewable energy exploration. All would make for good jobs we need, but with no cash no jobs can be created. Our taxes are making up for what these thieves are hiding in other countries. Their excuse is that it’s not illegal, and they’re right. It may not be illegal, but it is immoral, unpatriotic and a sign of mental illness.
This is going on all over the world and now we, the 99 percent, know about the theft by the oligarchies and how they are being exposed by the Panama Papers. We can turn something like this around during this election year by electing the right people.
Think Bernie Sanders for president, Tim Canova to replace Debbie Wasserman Schultz out of her Florida Congressional seat, support Occupy and don’t forget to continue to fight for $15 an hour minimum wage. We have to clean house of all Tea Party and uncooperative GOP members and Blue Dog Democrats so we can turn this country around. If Bernie gets elected, he’ll need people like Zephyr Teachout in New York, Pramila Jayapal in Seattle and Lucy Flores in Nevada. Don’t give up hope--VOTE.
To change the abundance of labor in the world is to put more money in the pockets of the laborer to buy the products their fellow workers are making. Otherwise, when there are more products than money, there is slump in the economy. Austerity policies, low wages and automation (robots) were also of concern in the 1950s when Henry Ford II, CEO of Ford, took Walter Reuther, head of the United Auto Workers Union, on a tour of a new engine plant.
Ford gestured to a fleet of new machines and said, “Walter, how are you going to get these robots to pay union dues?” The union leader turned to Ford and said, “Henry, how are you going to get robots to buy your cars?”
This type of change in the labor has created a new type of working class that swings from task to task in order to make ends meet while enduring the loss of labor rights and bargaining rights. They are called “precariat” workers, a group of workers who live on the verge of collapse due to the instability of the nature of their job…