cutting and pasting from Nation of Change ---24,000,000 Children Go Hungry to Avoid Inconveniencing 20 Rich Individuals Its an unthinkable trade-off, but its happening. Although the 2013 SNAP (food stamp) budget of $78 billion is less than the 2012 investment earnings of 20 wealthy Americans, SNAP is being cut while not a penny extra is taken from the multi-billionaires. The children, who make up nearly half of the 48 million recipients, will now get $1.40 for a meal instead of $1.50. --The reality is that corporate profits have doubled in ten years, and the corporate tax percent has been cut in half, while millions of jobs have been lost. Some of the job-cutting data comes from The Nation, Market Watch, and Business Insider. From comments section: This article is a great example of the purposeful confluence between capitalism and American culture. Capitalist markets function successfully in many nations, such as Canada, Finland, Sweden and others. There markets are constrained by government policies which are focused on the citizenry - essentially utilizing the success of capitalist business to benefit the citizenry. The American capitalist model is combined with an agreement amongst all political stripes that the market itself, with no constraints, will provide a result beneficial to all citizenry. Of course, this is a model which has proved itself unsuccessful. It has also proved to drive political behaviour increasingly contrary to non-business interests. So you might want to retitle this article The Stealthy Killer That is American Capitalism.
Posted on: Mon, 11 Nov 2013 19:13:40 +0000
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