Understanding the Reality of Income Inequality and Why It Is So.


We have all heard recently of the startling OXFAM report that found that the 85 richest people in the world have more wealth than 3.5 billion poorest among us. That, in and of itself is a startling statement, and those who have read this probably thought that it was sad, interesting, but didn’t really impact their lives, Thank God.

poverty2

Here are the facts as they are currently in the world:

1). The great majority of the 3.5 billion have no net wealth at all.

2). Hundreds of millions of them have jobs that hardly pay enough to feed their families.

3). Millions of them rely on supplements from private charity and public assistance when they can.

4). Hundreds of millions are undernourished, suffer food insecurity, or go hungry each month, including many among the very poorest in the United States.

5). The number of people living in poverty is growing at a faster rate than the world’s population.

6). Most of the 3.5 billion earn an average of $2.50 a day.

7). The poorest 40 percent of the world population accounts for just 5 percent of all global income.

8). About 80 percent of all humanity live on less than $10 a day.

These are staggering, sad facts, but as you ho hum about these facts, there is something these people have the next 20% of those “who are better off” don’t have. They have a ZERO net worth. The NEXT UPPER 20% actually have a NEGATIVE net worth and are in fact worse off really than that pitiful 3.5 billion.

child-poverty

They have a car, but a debt associated with it. They have a home, but a mortgage debt they will carry for 20 or 30 years! They have an education, but a college tuition debt they will carry for an average of ten years or more.

The point here is that as sad as the situation is for these bottom 3.5 billion, they are freer now that their economic rape is complete. Most of us however, are NOW in the process of being drained of any hope of achieving middle or upper class status, because we are the ones who are now willingly enslaving ourselves to feed the insatiable need for power to accrue more wealth and more control of everything.

The superrich in America and in many other countries find ways, legal and illegal, to shelter much of their wealth in secret accounts. We don’t really know how very rich the very rich really are. Can we really compare private jets, mansions, landed estates, super luxury vacation retreats, luxury apartments, luxury condos, and luxury cars, not to mention hundreds of billions of dollars in equities, bonds, commercial properties, art works, antiques, etc.—can we really compare all that enormous wealth against some millions of used cars, used furniture, and used television sets, many of which are ready to break down?  Of what resale value if any, are such minor durable-use commodities?

This is the illusion we are all buying! The truth is 90% of us could not survive 30-60 days without an income! We are the working slaves supporting this continually growing obscene oligarchy. The 3.5 billion are really the devoured cadavers of this reality and they can no longer speak up. We are the still viable and able bodied that can stand up and say ENOUGH. It is time to end this obscenity. We need to realize that the end reality of this trend is, as history has repeatedly taught, a violent and unnecessary bloody revolt and a step back for humanity as a whole. In fact, when we look around it has already started in places like Egypt, Yemen, Ukraine, India, Venezuela, and Africa.

If we do not speak now, we will never be able to speak out. If we do not act now to weed out the political reality we are now subject to, we will not have the right to even pretend we have a democracy. Can we not see that believing these realities of the poor are not our realities is exactly what is allowing this reality to continue to grow and exist? Think about these things the next time you, in your delusion, you rail against governments regulating the banking industry or governments providing social services such as health care or social security. Think about this when you think about those of color who are growing up in jail, instead of schools as the bane on society, while the greatest criminals are sipping champagne and eating caviar on Wall Street, bragging about how little it took to bribe this Senator or that Congressman, and what fools they were when they passed this bill or that that gave these oligarchs carte blanche over our lives.

For the love of God and humanity, we must THINK for ourselves and not allow “our opinion” to be piped into our brains from talking heads! If we can accomplish that honesty with ourselves, we will take our civilization and our evolution to the next level—Recognizing we are all sovereign human beings. In accomplishing that we will no longer need governance or standing armies because we will all fully understand the self-evident fact that ALL men and women are created equal.  We will understand the reality that we can only be successful as the least among us.

We cannot allow this inequality to continue unchecked. We all know what needs to be done to correct it. Let’s get to it.

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Author: redhawk500

International business consultant, author, blogger, and student of life. After 35 years in business, trying to wake the world to a new reality. One of prosperity, abundance, and most importantly equal opportunity. it's time to redistribute wealth and power.

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