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WhoIsNumberNone

(7,875 posts)
Sun Dec 7, 2014, 10:16 AM Dec 2014

If People Understood This One Thing, We Would Have Revolution Overnight [View all]



Martin Luther King, Jr. was working towards a guaranteed basic income for all when he was killed. Wealth inequality, neoliberalism, the actions of the Federal Reserve, along with the greed and theft of the global elite have made the call for a guaranteed basic income for all even more urgent in 2014 than in the 1960s.

David DeGraw, interviewed here by Dennis Trainor, Jr. of Acronym TV claims the alternative is a violent revolution.

In his new book, The Economics of Revolution, DeGraw writes:

“Having that much wealth consolidated within a mere 1% of the population, while a record number of people toil in poverty and debt, is a crime against humanity. For example, it would only cost 0.5% of the 1%’s wealth to eliminate poverty nationwide. Also consider that at least 40% of the 1%’s accounted for wealth is sitting idle. That’s an astonishing $13 trillion in wealth hoarded away, unused.”

In this clip from the full 30-minute interview, DeGraw points out that the Federal Reserve is already printing money and giving it away to the financial elite.
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It's a supply side disaster. Enthusiast Dec 2014 #1
It is not only the 99% that need to learn this - the 1% needs to know that this must be done. jwirr Dec 2014 #2
The cost of HAVING poverty in this country, chervilant Dec 2014 #3
more delusions and fables DemandsRedPill Dec 2014 #4
You got anything more than "Poppycock and hyerbole! (sic)"? ... truebluegreen Dec 2014 #6
thanks DemandsRedPill Dec 2014 #7
You would know. truebluegreen Dec 2014 #8
Rather slow off the mark. ChazInAz Dec 2014 #9
+1 LiberalLoner Dec 2014 #12
Huh? DemandsRedPill Dec 2014 #22
Check its avatar Doctor_J Dec 2014 #28
Trillions sitting idle? Maineman Dec 2014 #10
Great.Thanks. Another well thought out contribution DemandsRedPill Dec 2014 #14
Thanks GreatInDayton Dec 2014 #29
I agree somewhat AlbertCat Dec 2014 #11
"The "poor" don't all want social justice, some just want to be rich!" Spitfire of ATJ Dec 2014 #19
Some of them would consider "rich" to be $15 an hour. AlbertCat Dec 2014 #20
A lot of people don't realize how multi-faceted an infrastructure program would be.... Spitfire of ATJ Dec 2014 #25
For the most part I disagree heaven05 Dec 2014 #15
Accepting FACTS?!1? What kind of lunacy is that.... reACTIONary Dec 2014 #16
"If there is one thing a wealthy plutocrat does not do it is let his wealth sit idle." Spitfire of ATJ Dec 2014 #18
You are blind to what's happening. Zen Democrat Dec 2014 #30
Its what Randi Rhodes always said....we don't have a deficit problem VanillaRhapsody Dec 2014 #5
The Republican The Wizard Dec 2014 #13
The 1% believes our poverty creates their wealth.... Spitfire of ATJ Dec 2014 #17
The 1% believes our poverty creates their wealth.... AlbertCat Dec 2014 #21
I know more than a few in my lifetime. Spitfire of ATJ Dec 2014 #24
I don't see them working to alleviate poverty. it's within their ability to do so Scootaloo Dec 2014 #26
If this image is not a page out of George Orwell's 1984 I don't know what is . He was just 30 geretogo Dec 2014 #23
Don't you realize that we already have a guaranteed income?? truedelphi Dec 2014 #27
Nice office Derek V Dec 2014 #31
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