http://youtu.be/B2zxA5TatE8 The murder of Michael Brown by Ferguson Police Office Darren Wilson set off and wave of protests, the majority of which were non violent. The militarized police response and the violent repression of peaceful protestors will only get worse if the economic conditions of this country do not change radically and quickly, says David [...]
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.