An extensive analysis of economic conditions and government policy reveals that the need for significant systemic change is now a mathematical fact. Corruption, greed and economic inequality have reached a peak tipping point. Due to the consolidation of wealth, the majority of the population cannot generate enough income to keep up with the cost of living. In the present economy, under current government policy, 70% of the population is now sentenced to an impoverished existence.
Let’s take an in-depth look at the evidence.
David offers an excerpt of his upcoming book on inequality and the corrupted economy. It’s been said before, but if you’re not mad you’re not paying attention. I was particularly galled by this portion:
Once again, these baseline costs do not take college or retirement costs into account. With the reduced costs in childcare, due to one person in the family focused on taking care of the children, they can at least put some money away for college, as long as they don’t go away for vacation and none of their children go to a private school.
Beyond these baseline costs, looking at moderate costs for a family of four owning a home in a median family area, with one car, education and retirement costs factored in, it will cost $130k a year. Add a third child and a second car into the mix and it will cost roughly $150k a year. Only 1.46% of the overall population makes over $150k per year. In other words, in the current economy, the average traditional American Dream is only attainable for the 1%. The 99% has been mathematically eliminated from the traditional American Dream. If they want to have a family and own a home, they are now sentenced to a lifetime of economic insecurity and ever-increasing debt.
As for retirement, if you American dreamers think you are going to retire at 65, it’s time to wake up.
The American dream has been “mathematically eliminated.” We must change this state of affairs, or we won’t survive.