Page 1 of 4 1234 LastLast
Results 1 to 10 of 39

Thread: The Decline and Collapse of the American Dream

  1. #1
    Progressive Collectivist
    „Friend of Germanics”
    Funding Membership Inactive
    Agrippa's Avatar
    Join Date
    Nov 2003
    Last Online
    Monday, January 31st, 2011 @ 09:22 PM
    Ethnicity
    German
    Subrace
    Atlantid
    Location
    Asgard
    Gender
    Politics
    Progressive Collectivist
    Religion
    Catholic
    Posts
    6,968
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    16
    Thanked in
    16 Posts

    Wake up: the American Dream is over

    Good article which I found on Stirpes:

    Wake up: the American Dream is over

    June 8, 2006
    The Guardian


    Even America's richest think they're getting too many tax breaks from a government determined to keep the poor in their place. As poverty in the US grows, Paul Harris wonders what happened to the Land of Opportunity

    There is a common response to America among foreign writers: the USA is a land of extremes where the best of things are just as easily found as the worst.

    This is a cliché. But it is often hard to argue with when surveying America's political and cultural landscape. America has some of the worst urban sprawl in the world and also the most beautiful and well-protected wildernesses. Its politics is awash with lobbyist inspired corruption. Yet passionate political engagement among millions of Americans puts many other countries to shame.

    Culturally American TV can plunge depths that are hard to imagine. Yet at the same time commercial channels such as HBO produce the best dramas, documentaries and comedies in the world. Its media boasts celebrity tabloids including People and the National Enquirer, yet the New Yorker and Harpers and Atlantic Monthly are examples of its magazines which invest in quality journalism that no publication in Britain can match.

    So in this land of black and white, we should not be too surprised to find some of the biggest gaps between rich and poor in the world. Such a yawning chasm is just the American Way, it would seem. Besides, the American Dream offers a way out to everyone. All someone has to do is work hard and climb the ladder towards the top. No class system or government stands in the way.

    Sadly, this old argument is no longer true. Over the past few decades there has been a fundamental shift in the structure of the American economy. The gap between rich and poor has widened and widened. As it does so, the ability to cross that gap gets smaller and smaller. This is far from business as usual but there seems little chance of it stopping, not least because it appears to be government policy.

    Over the past 25 years the median US family income has gone up 18 percent. For the top one percent, however, it has gone up 200 percent. A quarter of a century ago the top fifth of Americans had an average income 6.7 times that of the bottom fifth. Now it is 9.8 times.

    Inequalities have grown worse in different regions. In California, home to both Beverly Hills and the gang-ridden slums of Compton, incomes for lower class families have fallen by four percent since 1969. For upper class families they have risen 41 percent.

    This has led to an economy hugely warped in favour of a small slice of very rich Americans. The wealthiest one percent of households now control a third of the national wealth. The wealthiest 10 percent control two-thirds of it. This is a society that is splitting down the middle and it has taken place against a backdrop of economic growth.

    Between 1980 and 2004 America's GDP went up by almost two-thirds. But instead of making everyone better off, it has made only a part of the country wealthier, as another part slips ever more into the black hole of the working poor. There are now 37 million Americans living in poverty, and at 12.7 percent of the population, it is the highest percentage in the developed world.

    Yet the tax burden on America's rich is falling, not growing. The top 0.01 percent of households has seen their tax bite fall by a full 25 percentage points since 1980. That was when 'trickle down' economics began, arguing that the rich spending more would benefit everyone as a whole. But America's poor have simply been getting poorer: clearly that theory has not worked in reality.

    And still the American government is set on tax breaks for the rich. Bush's first-term tax cuts notoriously benefited the upper strata of American taxpayers. So much so that even Warren Buffet, the second richest man in the world who benefited to the tune of hundreds of millions of dollars, has said the tax cuts 'scream of injustice'. As head of a hugely successful investment firm, it is hard to paint Buffet as a lefty liberal who hates Wall Street (though, bizarrely, some conservatives do try).

    Still the tax cuts go on. This week one of the main political debates in Washington has been about scrapping the 'estate tax' whereby those who inherit large amounts from their relatives will be taxed on it. This overwhelmingly affects the wealthy. The estate tax is already set so high ($4m) that only one in 200 estates pay any tax at all when they are inherited. Unlike the UK's inheritance tax, which affects more and more Britons as house prices increase, this is not a problem faced by Joe and Jennifer Public.

    Yet the White House and many politicians, overwhelmingly Republican, want to get rid of it. The lobbying campaign against it has been financed mostly by 18 business dynasties, including the family that owns WalMart. At the same time the Bush administration has sanctioned millions of dollars of cuts to Medicare, Medicaid and the education budget as part of a measure aimed at reducing the spiraling deficit. This is, frankly, obscene.

    The effect of all this has been to scotch that long-cherished notion of the American Dream: that honest toil is enough to reap the rewards and let even the poorest join the middle class, or maybe even strike it rich. A survey last year showed that such economic mobility (a measure of those people trying to make the Dream come true) was lower in America than Canada, Germany, Norway, Denmark, Sweden and Finland. In fact, the only country doing as bad as America was Britain (food for thought, there).

    Now this is not some argument against capitalism. Inequality is inevitable. It is a good thing. People need incentives. People need competition. People need markets. Some people will always be poor. Others deserve to be rich. But at the moment it looks like the rules of the game are being fixed in America in favour of the wealthy. The gap between rich and poor will only get wider. That is very dangerous.

    Don't just take my word for it. Take Buffet's. After all he doesn't have anything to gain from criticising current policy. In fact he has hundreds of millions of dollars to lose. 'If class warfare is being waged in America,' he has written 'My class is clearly winning.' When even the rich are starting to think they are getting too many tax cuts, then you know something has gone very wrong.


    [source]
    Magna Europa est patria nostra
    STOP GATS! STOP LIBERALISM!

  2. #2
    On The Road
    „Friend of Germanics”
    Funding Membership Inactive
    Tabitha's Avatar
    Join Date
    Jun 2006
    Last Online
    @
    Ethnicity
    Scottish
    Subrace
    North Atlantid & Borreby
    Country
    United States United States
    Gender
    Posts
    633
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    5
    Thanked in
    5 Posts

    Re: Wake up: the American Dream is over

    I read this last week and smirked, I'm British and read the New Yorker and Harpers Bizarre and lust after the latest episodes of the West Wing & Curb Your Enthusiasm. I love America the country but not its current politics,I think it's shameful that such a wealthy powerful nation can't offer its citizens socialised medicine.

  3. #3
    Anarch
    „Friend of Germanics”
    Funding Membership Inactive
    symmakhos's Avatar
    Join Date
    Apr 2004
    Last Online
    Tuesday, November 1st, 2011 @ 08:16 PM
    Ethnicity
    Swedish
    Subrace
    Nordid
    Country
    Germany Germany
    Location
    Geheimes Deutschland
    Gender
    Age
    48
    Politics
    Tradition/revolution
    Religion
    Gnostic traditionalist
    Posts
    488
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    3
    Thanked in
    1 Post

    Sv: Wake up: the American Dream is over

    The official American attitude to cooperation and solidarity may be illustrated by this story about capitalism enterprises in Japanese POW camps:

    Christopher Silvester reviews Prisoners of the Japanese by Gavan Daws.


    Perhaps the most shocking statistic of the Pacific war is that, of all the PoWs who died in captivity, "one in every three was killed on the water by friendly fire". Japanese transport ships, known to the PoWs as "hellships", were bombed and torpedoed in greater numbers towards the end of the war, just when they were ferrying large numbers of prisoners back to Japan - though, of course, many of the PoWs died of disease, starvation and thirst during or soon after such journeys.

    Sometimes, the journeys lasted for months, interrupted by stop-overs in ports or transfers to other ships. Gavan Daws is puzzled by the obliviousness of American policy in this regard: "at every level up to and including [Gen Douglas] MacArthur himself, it was known that the Japanese were transporting PoWs in unmarked ships" yet "the US Navy went on sinking PoW transports until there were no more to sink".

    This is not the only charge he levels against MacArthur, much resented by American PoWs from the Philippines for his egotism: "MacArthur issued 142 communiqués, more than one a day, all vividly written and making wonderful reading, and in 109 the only man in uniform identified by name was MacArthur… It was always MacArthur's men, MacArthur's flank, MacArthur. On Bataan they choked on the sound of the name."

    Daws describes the tactical errors that led the bulk of the US army in the Philippines to retreat into the Bataan peninsula ("One of the Japanese generals said it was like watching a cat go into a sack") and remain there, under MacArthur's orders to fight to the death, until starvation and disease caused their field commander to surrender. Had they surrendered sooner, many more might have been in better shape to survive the Bataan death march, during which collapsing or stumbling prisoners were shot or bayoneted - not that life beyond that was guaranteed.

    MacArthur comes into the story again towards the end, when he grants immunity from prosecution for war crimes to the staff of Unit 731, based in Manchuria, which performed medical tests on PoWs and Asian civilians. Apart from being deliberately infected with disease and having healthy organs removed for medical practice, their victims were "burned with flame-throwers, blown up with shrapnel and left to develop gas gangrene, bombarded with lethal doses of X-rays, whirled to death in giant centrifuges, subjected to high pressure in sealed chambers until their eyes popped from their sockets, electrocuted, dehydrated, frozen, boiled alive". Yet many of those scientists were able to pursue profitable post-war business careers.

    Acutely aware of the power of race-hate, both from and towards the Japanese, Daws is equally fascinated by the tribalism among the PoWs. One source of puzzlement to him is that, in the holds of the hellships, "Americans - and only Americans - killed each other". The worst of all these ships, Oryoku Maru, had "the highest number of officers in the holds, more than 1,000, more than one in four of them field-grade, and by far the highest proportion of officers to enlisted men, two to one".

    In the moral economy of the camps, it was only enterprising Americans who traded and lent rice to fellow prisoners (at interest) against future rations, thus luring them into nutritional bankruptcy. The Australians and the British wouldn't permit it. Smokers were particularly vulnerable, as they would trade what little protein they had for nicotine.

    [...]

    http://www.telegraph.co.uk/arts/main...30/bodaw22.xml

  4. #4
    Member
    Theudanaz's Avatar
    Join Date
    Aug 2007
    Last Online
    Wednesday, February 10th, 2010 @ 11:22 PM
    Ethnicity
    Mixed Germanic
    Ancestry
    Danish, Swedish, Norwegian, English, Scottish
    Subrace
    Nordalpinoid
    Country
    United States United States
    Gender
    Age
    43
    Family
    Married, happily
    Occupation
    Engraving
    Religion
    Gnesio evangelical catholick
    Posts
    1,068
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    16
    Thanked in
    13 Posts

    Re: Wake up: the American Dream is over

    I think a lot of us would be more enthusiastic about socialized medicine and education if everyone in the country was more like ourselves, i.e. industrious, capable, intelligent, of good health, attractive and..ahem...caucasian. Forgive me for the numerous tautology.

    Also it doesn't help that Americans can't seem to "curb the en'jew'siasm" for corrupt ashke-nazi nihilist propaganda like West Wingsteen and Slimefeld.

    Quote Originally Posted by tabitha
    I read this last week and smirked, I'm British and read the New Yorker and Harpers Bizarre and lust after the latest episodes of the West Wing & Curb Your Enthusiasm. I love America the country but not its current politics,I think it's shameful that such a wealthy powerful nation can't offer its citizens socialised medicine.

  5. #5
    Progressive Collectivist
    „Friend of Germanics”
    Funding Membership Inactive
    Agrippa's Avatar
    Join Date
    Nov 2003
    Last Online
    Monday, January 31st, 2011 @ 09:22 PM
    Ethnicity
    German
    Subrace
    Atlantid
    Location
    Asgard
    Gender
    Politics
    Progressive Collectivist
    Religion
    Catholic
    Posts
    6,968
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    16
    Thanked in
    16 Posts

    AW: Wake up: the American Dream is over

    The problem is, that the American system was already more asocial when the majority of people which would have profit from it where Euro-Americans too. Furthermore if the Euro-Americans would have had a better group spirit and social attitude, chances would have been lower that such a system of Liberalcapitalism could be developed in the first place. Not forgetting that its this system, its leadership and way of thinking which wants "a cultural pluralisation-multiracialism and individualisation" of the state and cheap work forces, this again are the main reasons for the mass immigration of foreign elements. Now this is a viscious circle, its the system and way of thinking as such which causes all the problems. One cannot simply say: "Its the foreigners fault", if those foreigners wouldnt be there in a healthy system and the system as such being even more corrupted than the immigrants, which just take advantage of it, which is understandable in many cases because of their personal situation. On the other hand, the actions of the system's leadership are just a crime and they are not forced by poverty to what they do, even on the contrary, they are rich enough but too greedy and full of craving for even more power and control over the common people and goods.
    Magna Europa est patria nostra
    STOP GATS! STOP LIBERALISM!

  6. #6
    Progressive Collectivist
    „Friend of Germanics”
    Funding Membership Inactive
    Agrippa's Avatar
    Join Date
    Nov 2003
    Last Online
    Monday, January 31st, 2011 @ 09:22 PM
    Ethnicity
    German
    Subrace
    Atlantid
    Location
    Asgard
    Gender
    Politics
    Progressive Collectivist
    Religion
    Catholic
    Posts
    6,968
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    16
    Thanked in
    16 Posts

    AW: Wake up: the American Dream is over

    "For example, the chief executives of 11 of the largest companies
    were awarded a total of $865 million in pay in the last two years,
    even as they presided over a total loss of $640 billion in
    shareholder value
    , a recent study from governance firm the Corporate
    Library, found."

    Chief executive officers in the United States earned 262 times the
    pay of an average worker in 2005, the second-highest level in the 40
    years for which there is data
    , a nonprofit think-tank said on
    Wednesday.

    In fact, a CEO earned more in one workday than an average worker
    earned in 52 weeks
    , said the Economic Policy Institute in
    Washington, D.C.

    The typical worker's compensation averaged just under $42,000 for
    the year, while the average CEO brought home almost $11 million, EPI
    said.

    In recent years, compensation has been a hot issue with shareholders
    who have been bombarded with news stories about chief executives who
    are given multimillion dollar bonus and pay packages even if shares
    have declined.

    For example, the chief executives of 11 of the largest companies
    were awarded a total of $865 million in pay in the last two years,
    even as they presided over a total loss of $640 billion in
    shareholder value, a recent study from governance firm the Corporate
    Library, found.

    In 1965, U.S. CEOs at major companies earned 24 times a worker's
    pay. That ratio surged in the 1990s and hit 300 at the end of the
    recovery in 2000, according to EPI.

    CEO pay is defined by the sum of salary, bonus, value of restricted
    stock at grant and other long-term incentives. Worker pay is hourly
    wage of production and nonsupervisory works, EPI said.
    compare:
    http://media.herald-dispatch.com/blog/topics/
    Magna Europa est patria nostra
    STOP GATS! STOP LIBERALISM!

  7. #7
    Cnooc
    Guest

    Re: Wake up: the American Dream is over

    i think the large number of immigrants (both legal and illegal) pouring into the US skews the statistics a bit, and may explain why number of poor has risen dramatically.

  8. #8
    Progressive Collectivist
    „Friend of Germanics”
    Funding Membership Inactive
    Agrippa's Avatar
    Join Date
    Nov 2003
    Last Online
    Monday, January 31st, 2011 @ 09:22 PM
    Ethnicity
    German
    Subrace
    Atlantid
    Location
    Asgard
    Gender
    Politics
    Progressive Collectivist
    Religion
    Catholic
    Posts
    6,968
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    16
    Thanked in
    16 Posts

    AW: Re: Wake up: the American Dream is over

    Quote Originally Posted by Cnooc
    i think the large number of immigrants (both legal and illegal) pouring into the US skews the statistics a bit, and may explain why number of poor has risen dramatically.
    Thats for sure, still it gives a general impression, describes the trend and the numbers being too extreme for explaining it alone obviously.
    Magna Europa est patria nostra
    STOP GATS! STOP LIBERALISM!

  9. #9

    Re: Wake up: the American Dream is over

    You guys are on the right track here. The problem with the inheritance tax which seems to start at a very large threshold is this. Many family farms in the center of the USA exceed this dollar value in terms of the value of their acreage. This doesn't necessarily mean that these farmers are very wealthy. Sometimes, some years, they may do very well and make over $100,000.00 or even twice that. But in bad years they can lose money. When the parents die and the farm goes to the children then sometimes they cannot pay the inheritance taxes which are calculated by the local county and based mostly on the acreage of the farm. In Vermont farms are smaller. In Texas, you need more land to make a living.

    Agrippa is right in the fact that if everybody was of the same ethnicity, there would be much less griping over these differences and perhaps much less difference to start with. In fact, Agrippa is right about most everything he has written here and elsewhere lately so I propose that once Skadi achieves cyber-space independence as its own country, and then maybe just its own country, Agrippa should be our UN Representative.

  10. #10
    Funding Member
    „Friend of Germanics”
    Funding Membership Inactive
    Haldís's Avatar
    Join Date
    Aug 2003
    Last Online
    Friday, August 10th, 2007 @ 08:49 AM
    Ethnicity
    Anglo-American
    Subrace
    Nordid-Baltid
    Country
    United States United States
    Location
    North Dakota
    Gender
    Age
    35
    Family
    Currently dating
    Occupation
    Student
    Politics
    Tribal, Social, Earthly
    Religion
    Gythia
    Posts
    550
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    4
    Thanked in
    4 Posts

    AW: Re: Wake up: the American Dream is over

    Quote Originally Posted by Agrippa
    There are now 37 million Americans living in poverty, and at 12.7 percent of the population, it is the highest percentage in the developed world.
    America is also the only country in the developed world that has 12.3 percent blacks (census 2000).
    Mother is the name of God in the lips and hearts of children.

Page 1 of 4 1234 LastLast

Similar Threads

  1. The Collapse of the American Dream - Explained in Animation
    By Wulfaz in forum Economics, Business, & Finance
    Replies: 0
    Last Post: Thursday, October 6th, 2016, 12:47 PM
  2. How Advertising Shows The Decline Of American Culture
    By Nachtengel in forum The United States
    Replies: 2
    Last Post: Friday, May 20th, 2016, 11:53 AM
  3. American and World Economy on Verge of Collapse
    By OnePercent in forum Economics, Business, & Finance
    Replies: 1
    Last Post: Friday, September 23rd, 2011, 03:10 AM
  4. Replies: 0
    Last Post: Tuesday, August 4th, 2009, 01:21 AM
  5. Replies: 0
    Last Post: Friday, April 24th, 2009, 05:00 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •