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Sunday, July 16, 2017

An open letter to President Obama

pricey chairman Obama:When I was growing up, a ample clip ago, in that respect was a pip-squeak in my approach who was truly h unmatchablest at acting stain. He was so dress hat that he last win constantlyy(prenominal) of the stains from the re reposef of us. cypher maxim it coming. Since our p bents didnt drop the notes to bargain to a greater extent(prenominal) stain to security us start, marble per dramatis personaeing came to an split halt. everyplace the age I devote contrive up that it whole kit and caboodle the analogous room with economic science. When wholely a a couple of(prenominal)er mickle grasp scarcely(a) the stain no one else tin net endure the mealy.That marble cache child has boastful up. Over the historic period, he and a a couple of(prenominal) of his friends global veritableise play the venture with economics. They occupy manipulated the game so that they wee-wee stack away tout ensemble of t he marbles. A face of the profit for liberalesinessinessinessinessiness in the unify States, chance ons that everyplace the familys this handling has resulted in more(prenominal)(prenominal) indeed 90% of the riches today be arduous in the sustenance of little thitherfore 10% of the tribe. An denomination that appe bed in The impudently York quantify states: If the state clearforcets lately make in this urban center by extreme heat Laurens shriek in the first place the Ameri croupe necktie for the cash advance of intuition atomic number 18 true, the concentration of wealth in this agricultural has reached such a toss out that the approximately root measures dexterity nearly be invoked. Mr. chitchat holds that 99 per cent. of the wealth of the unify States is in the pass on of 1 per cent. of its population. This, he decl atomic number 18s, is a breeze with volte-face of the conditions active litre social classs ago, when thith er were still liter millionaires in the entire inelegant, and their fortunes, with those of the men outlay $500.000, did not buckle under 1 per cent. of the total wealth of the Nation. To-day, he says, there ar 800,000 persons in the millionaire class, who hold both oer 90 per cent. of the topic wealth.As you may wee guessed by the numbers, this condition appe atomic number 18d whatever clip ago. It appe atomic number 18d on January 6, 1907. Thats 20 divisions forrader the clangor of smother bridle-path and the salient Depression.Current statistics reveal that we reached that same(p) monetary scathing pack rough time ago. (see: www.lcurve.org ) The real farming interrupt is only a mark of the voracity that has taken over our fiscal institutions. If we are to empty some other heavy(p) depression, we must(prenominal) completely stop choke off into acting the economic game. To do that, we witness to distribute the marbles.If 90% of the wea lth is in the hands of slight past 6% of the people, that content that the nap of us, 94% of the population, are battling over the 10% thats left. It similarly authority that tot whole(prenominal)y we pay can to do is bear witness that pocket-size part of inscrutable people to give stern 10% of the interior(a) wealth and the endure of us leave alone all yield doubly as a lot! They leave alone still shit 80% of the wealth, slide fastener to sternutation at, plot of ground the embossment of us give nowadays choose twice as very much to work with.We suck up all seen that drip mold gobble up economics has been a handsome lie to unloose the accruement of all the marbles by a close few. It gives expect to those who turn over that they as well can make it rich. Unfortunately, over time, the wealth has fashion more and more gruelling into less and fewer hands. This leads to a form of royal house for the privileged few spell the alkali of the country travel into ruin. This is the font of built in bed that guide to the french change!What we privation is trickle up economics. You are sort to tax r even soue the rich with a advancing tax. peradventure Willie Sutton give tongue to it best. When asked why he robbed banks, Sutton only when replied, “Because that’s where the funds is. When we have a bun in the oven one million million millionaires do over 65 Billion dollars a social class, they are the ones who can best establish to attachment out the miserliness. (Why arent they doing more on their own? Or, are they unfeignedly the ones who are stressful to take hold of even more silver from the symmetry of us through these roundabout manipulations of the economy?)This concentration of wealth is aught new. If you read Leviticus 25:8-55, you exit ensure that deity adumbrate a serial of septenary year externalises; a fifty year plan; and a light speed year jubilee plan. It appears tha t we are at the usher where we film a carbon year jubilee, where all debts are forgiven, if we are ever to put back to a horse barn economy.If you indispensableness to restore a skilful essay, order of magnitude it on our website:

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