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Showing Original Post only (View all)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. Thats 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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If People Understood This One Thing, We Would Have Revolution Overnight [View all]
WhoIsNumberNone
Dec 2014
OP
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
A lot of people don't realize how multi-faceted an infrastructure program would be....
Spitfire of ATJ
Dec 2014
#25
"If there is one thing a wealthy plutocrat does not do it is let his wealth sit idle."
Spitfire of ATJ
Dec 2014
#18
I don't see them working to alleviate poverty. it's within their ability to do so
Scootaloo
Dec 2014
#26