Tuesday, November 1, 2011
The Luxury of Poverty In America
Sure, 'The Elites' own and control most of the wealth in America and many formerly from the middle-class are protesting in various American cities in a vain attempt to get back some of their stolen wealth.
But it is about two or three years too late to topple Wall Street.
Instead of spending 4-16 trillion dollars to rescue vampiric and self-serving financial institutions - the government could have just given Credit Unions 2 trillion dollars to pay off every Americans Credit Card and Student Loan debt.
The banks would have gotten the needed cash infusions (and cleared many of their books) and the people would have shed the onerous personal debt which enslaves them.
The average poor person today is living at a level beyond that of many from the middle-class just a generation earlier.
Most of America's poor have amenities reserved for the middle-class in many other countries.
Will Occupy Wall Street work?
Nope, most are crying over milk they've spilled themselves.