Union Perspectives

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 i...