Martin Luther King, Jr. was working towards a guaranteed basic income for all when he was killed. Wealth inequality, neoliberalism, the actions of the Federal Reserve, along with the greed and theft of the global elite have made the call for a guaranteed basic income for all even more urgent in 2014 than in the 1960s. David DeGraw, interviewed here by Dennis Trainor, Jr. of Acronym TVclaims the alternative is a violent revolution. In his new book, The Economics of Revolution, DeGraw writes: “Having that much wealth consolidated within a mere 1% of the population, while a record number of people toil in poverty and debt, is a crime against humanity. For example, it would only cost 0.5% of the 1%’s wealth to eliminate poverty nationwide. Also consider that at least 40% of the 1%’s accounted for wealth is sitting idle. That’s an astonishing $13 trillion in wealth hoarded away, unused.” In this clip from the full 30-minute interview, DeGraw points out that the Federal Reserve is already printing money and giving it away to the financial elite.
“Corruption, greed and economic inequality have reached a peak tipping point,” writes David Degraw. “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.” In this special 3rd anniversary of Occupy Wall St. edition of Acronym TV, David DeGraw sits down with Dennis Trainor, Jr.
https://www.youtube.com/watch?v=cWtY6BHIIkI A war is being waged against the American people by the super rich. It is escalating. “How about a war that fulfilled the dreams of the American people in creating an Egalitarian form of society rather than one in which the top 1% holds 38% of the wealth in America, while the bottom 60% [...]
http://www.youtube.com/watch?v=VnGWoD35Xog A decade ago, in the run up to the war w. Iraq, hundreds of thousands took to the streets in New York and cities all across the country and the world ... and war happened anyway. But was before occupy. Our creativity, our new way of thinking about protesting, and our crowdsourcing of ideas [...]
Should Move to Amend be among the top priorities of the Occupy movement? In a word: yes. In a few more words: the reason is that contrary to what Gordon Gecko (the fictional character of Oliver Stones tragically misunderstood satire WALL STREET) would have you believe as he embodied the ethos of the Ronald Reagan era, greed [...]