Friday, April 05, 2019

The Inequality, The Climate Change

The inequality is as existential a threat as Climate Change. Taken far enough both will lead to a sudden collapse of the country, and civilization. There is ongoing denial on both fronts. Radical solutions are needed for both.

Why and How Capitalism Needs to Be Reformed (Part 1)
Over these many years I have also seen capitalism evolve in a way that it is not working well for the majority of Americans because it's producing self-reinforcing spirals up for the haves and down for the have-nots. This is creating widening income/wealth/opportunity gaps that pose existential threats to the United States because these gaps are bringing about damaging domestic and international conflicts and weakening America’s condition. ....... I think that most capitalists don’t know how to divide the economic pie well and most socialists don’t know how to grow it well, yet we are now at a juncture in which either a) people of different ideological inclinations will work together to skillfully re-engineer the system so that the pie is both divided and grown well or b) we will have great conflict and some form of revolution that will hurt most everyone and will shrink the pie.

The Next Recession Might Force The US To Do Universal Basic Income

Tuesday, April 02, 2019

A Tale Of Two Cities

'Unhinged': President Trump and San Juan Mayor Carmen Yulin Cruz trade insults over Puerto Rico relief "Pres Trump continues to embarrass himself & the Office he holds," she tweeted. "He is unhinged & thus lies about the $ received by PR.".... Resuming the argument Tuesday morning, Trump again claimed that "Puerto Rico got 91 Billion Dollars for the hurricane," but it is not clear where he got that figure, and actual spending is not close to that. A FEMA report said it passed the $3 billion mark in public assistance to Puerto Rico in August........Ricardo Rossello, the governor of Puerto Rico, admonished Trump over his false claim of $91 billion......."Mr. President: STOP spreading misinformation!" he tweeted. "#PuertoRico has not received $91b (only 300M in permanent work). It's not 'us' vs 'them'. It's about Americans in need."
Trump claims Puerto Ricans ‘take from USA,’ criticizes hurricane relief funding President Donald Trump claimed Puerto Ricans “take from USA” in a series of tweets Tuesday, despite Puerto Rico being a U.S. territory and its more than 3 million residents are American citizens..... By comparison, $120 billion has been spent on damages from Hurricane Katrina in New Orleans.