In 2009 Mr. Abramsky published 'Breadline USA ' that described hunger in low-income families and the detrimental impact of the financial crisis on their nutrition and its dire consequences on health, growth and development. Since then, things have gotten worse and "Poverty in America is back with a vengeance" when compared to Michael Harrington 's chronicle of poverty in the 1960s (The Other America).
Abramsky builds on his previous book with this unvarnished realistic indictment of American society. The USA is the richest country on the planet and in recorded history, yet we have millions mired in poverty. We spend billions of dollars in aid to other countries (most of which hate us and even conspire for our destruction) or on weapons to invade and destroy real or perceived enemy states, yet our (dysfunctional) government enacts cuts to social programs because of "budget constraints"!
At the same time that more millionaires and billionaires are made each year, more people are falling below the poverty line. Abramsky writes, "the desirability of oligarchy supports the financial discrepancy as tool for social control" and "a corrosive brew capable of eating away at the underpinnings of democratic life itself." The newly disenfranchised, "millions of Americans who had economic security - and then lost it, have now joined the ranks of …show more content…
To narrow the gap is not to just increase taxes but to advocate for solutions that systematically broaden private sector individual ownership of productive capital and to empower every American to accumulate over time a viable capital trust. This cannot be achieved by government taxpayer-supported welfare programs, but can only be accomplished by innovative financial engineering; by the participation of a willing competent government and a cooperative financial sector. (One can only
Abramsky builds on his previous book with this unvarnished realistic indictment of American society. The USA is the richest country on the planet and in recorded history, yet we have millions mired in poverty. We spend billions of dollars in aid to other countries (most of which hate us and even conspire for our destruction) or on weapons to invade and destroy real or perceived enemy states, yet our (dysfunctional) government enacts cuts to social programs because of "budget constraints"!
At the same time that more millionaires and billionaires are made each year, more people are falling below the poverty line. Abramsky writes, "the desirability of oligarchy supports the financial discrepancy as tool for social control" and "a corrosive brew capable of eating away at the underpinnings of democratic life itself." The newly disenfranchised, "millions of Americans who had economic security - and then lost it, have now joined the ranks of …show more content…
To narrow the gap is not to just increase taxes but to advocate for solutions that systematically broaden private sector individual ownership of productive capital and to empower every American to accumulate over time a viable capital trust. This cannot be achieved by government taxpayer-supported welfare programs, but can only be accomplished by innovative financial engineering; by the participation of a willing competent government and a cooperative financial sector. (One can only