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.
This is a segment from the one-hour Resistance Report Pilot. Watch the full episode here. After two months of protestors in Maidan Square in Kiev, Ukrainian president Viktor Yanukovych has been ousted and yet, with support from Russia, remains defiant. As U.S Secretary of State offers aid to Ukraine, he managed to tell Face The Nation (with a [...]
https://www.youtube.com/watch?v=UTAiq2yTsFk Welcome to a new weekly segment of Acronym TV. Use the comments below and/or the hashtag #WeNeedaDemocracyMovementToFixThisShit!, to suggest topics for future segments. At the time of the first Presidential election in 1789, only 6 percent of the population–white, male property owners–was eligible to vote. Those same 6% were the ones who were “WE THE [...]