The income gulf & the enslavement of the masses. Why the wealthy Elites care nothing about the poor.
Updated: Aug 24
Apple, the first company to be valued at more than $2 trillion, is not the only company doing well during the pandemic, CNBC reports,
American billionaires saw their fortunes soar by 434 billion during the US lockdown between mid-march and mid-may
It goes on to read,
Amazon Jeff Bezos and Facebook's Mark Zuckerberg had the biggest gains, with Bezos adding 34.6 billion to his wealth and Zuckerberg adding 25 billion,,, according to the report from Americans for tax fairness and the institute for policy studies program for inequality.
Others on that list include:
Elon Musk, Tesla and SpaceX, up 5 billion,
Eric Yuan, Zoom, up to point 2 billion
Steve Palmer, Microsoft, up 2 billion
Meanwhile, on Main Street, the situation grows direr, with millions filing for unemployment.
The gap between the rich and the poor is stark.
Let's take Bill Gates for example. Bill Gates, America's richest individual, alone has more wealth than 40% of the U.S. population combined or 120 million people.
The top 1% of households owned almost 40% of the nation's wealth, with the top 20% owning over 85% of the nation's wealth, and the top 60% owning almost 100% oh, or 99.8%, of the nation's wealth.
Contrast that with the bottom 40% of households owning only one-fifth of 1% or 0.2% of the nation's wealth.
How did the rich view the poor during the Great Depression? Were they concerned with the welfare help the poor? Did they sacrifice for the good of the country?
The answer is a resounding NO! The rich during the Great Depression saw the masses of the poor as "useless eaters" and saw the Great Depression as an opportunity to cull the masses of the poor.
According to the news reports, Congress took a vacation before passing any renewed stimulus bill.
When Congress comes back the coronavirus stimulus package won't be at the top of its priority, the ability of the US Post Office, USPS, to run effectively during the upcoming presidential election and concerns over its ability to handle the surge of mail-in ballots has shifted the debate over America's new stimulus relief bill.
When and if the Stimulus Bill is passed it will be a "skinny" coronavirus stimulus package.
The truth is, the rich have no more need for the majority of the labor class. That includes blue-collar and white-collar workers. Robotics, artificial intelligence, and algorithms are replacing the need for physical labor and clerical work.
America has become a technocracy. A technocracy is where technocrats or elites in technology have control of society or industries. They have control over every aspect of life; what you see on television and social media, what you hear on radio, and what you read.
According to the economiccollapseblog.com,
A remarkable study was conducted that closely examine the interconnecting relationship of major corporations all over the world. That study discovered that a network of 1308 enormous companies dominated the global economy, and it also found that 147 colossal corporations at the core of that web form a "super-entity" that controls 40% of the entire network...
The top 20 of that "super-entity" included Barclays Bank, JPMorgan Chase & Company, and the Goldman Sachs group.
Many Americans have never seen, never heard of, or even heard from these ultra-wealthy individuals that head the "super-entity" that owns and controls the majority of the global economy.
These people have never known poverty nor are they able to relate to the plight of the masses who are poor and homeless. These "Elite" see the poor as "useless feeders".
The Bible states, in the book of Ephesians 6:12
"For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the high places."
America, and in truth the whole of Western Society, was built on the backs of the poor and enslaved, today is no different.
The Most Honorable Elijah Muhammad and The Honorable Minister Louis Farrakhan teach that "debt is slavery."
For Black America, this has been the case ever since the soles of our feet touched the shores of America. Even when we tried to build our towns after slavery they were attacked by white mobs and burnt to the ground.
Not even integration offered relief for the inequality that Blacks have suffered in America, in fact under integration things have gotten worse.
According to a New York Times article, the black-white wage Gap is roughly as large today as it was 50 years ago. It states,
Despite Decades of political change the end of enforced segregation across the South, the legislation of interracial marriage, the passage of multiple civil rights laws and more the wages of black men Trail bowls of white men by as much as when Harry Truman was president. That Gap indicates that there have also been powerful forces pushing against Racial equality.
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