The Middle Class Faces Extinction—So Does The American Dream (Demo)

By Gary Reber Uncategorized June 4, 2013

On June 3, 2013, Stewart Lansley writes on AlterNet.org that income inequality is now as high as it’s been since the Great Depression, and the middle class is nearly extinct.

Inequality is now one of the biggest political and economic challenges facing the United States. Not that long ago, the gap between rich and poor barely registered on the political Richter scale. Now the growing income divide, an issue that dominated the presidential election debate, has turned into one of the hottest topics of the age.

Postwar American history divides into two halves. For the first three decades, those on middle and low incomes did well out of rising prosperity and inequality fell. In the second half, roughly from the mid–1970s, this process went into reverse. Set on apparent autopilot, the gains from growth were heavily colonized by the superrich, leaving the bulk of the workforce with little better than stagnant incomes.

This is yet another article that fails to address why people are rich and thus have more income than those who are not. The reason is that rich people are OWNERS of significant wealth-creating and income-generating productive capital assets reflected in corporate organizations invested in productive land, buildings, human-intelligient machines, super-automation, robotics, digital computerized operations, etc.

The growing income inequality is all fundamentally an economic problem and the result of CONCENTRATED OWNERSHIP of the non-human means of production embodied in corporate assets that are replacing the need for human labor with “machines” of all characterizations, OWNED by a wealthy few.

Prior to and from 1929 to 1980, the production of products and services was largely labor based and produced in the United States, but exponentially tectonic shifts in the technologies of production began to take hold of the American economy and global economies as increasingly the non-human factor of production––productive “thing” such as human intelligent machines, super-automation, robotics, digital computerized operations, etc.––replace the need for labor. The OWNERS of the productive capital began to reap tremendous wealth and non-labor income as this transition occurred and continues to occur. The reality in today’s technologically advanced societies is to either OWN or BE OWNED! This is why we need to provide equal opportunity to EVERY American to acquire individual ownership in FUTURE wealth-creating, income-generating productive capital assets and pay for their acquisition using insured capital credit loans whereby the investments generates the income to pay for the initial creation of the assets. In this way over time EVERY American can acquire a viable capital estate income source without taking from those who already OWN, because the focus in not on redistribution of wealth but on the FUTURE creation of wealth and new capital owners.Support the Capital Homestead Act athttp://www.cesj.org/homestead/index.htm andhttp://www.cesj.org/homestead/summary-cha.htm

See my article “The Absent Conversation: Who Should Own America?” published by The Huffington Post at http://www.huffingtonpost.com/gary-reber/who-should-own-america_b_2040592.html and by OpEd News at http://www.opednews.com/articles/THE-Absent-Conversation–by-Gary-Reber-130429-498.html

Also see “The Path To Eradicating Poverty In America” at http://www.huffingtonpost.com/gary-reber/the-path-to-eradicating-p_b_3017072.html and “The Path To Sustainable Economic Growth” at http://www.huffingtonpost.com/gary-reber/sustainable-economic-growth_b_3141721.html, and the article entitled “The Solution To America’s Economic Decline” at http://www.nationofchange.org/solution-america-s-economic-decline-1367588690

http://www.alternet.org/economy/income-inequality-defers-american-dream?akid=10517.225147.Cf_I_m&rd=1&src=newsletter849757&t=8

The Middle Class Faces Extinction—So Does The American Dream (Demo)

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