Hoarding takes place when a person collects a truly massive amount of “stuff,” and has no practical use for it. The most damaging form of this psychological disease to a society is the hoarding of money. However, this particular obsession is supported and celebrated by publications such as Forbes Magazine and the Wall Street Journal. There are people among us who have far more money than they could ever possibly use, but they are obsessed with a game in which the richest are the “winners,” and the rest of us are “losers”.
The richest are also becoming known as the “ruling class,” or the aristocracy, because they can bribe politicians to do their bidding, which includes protection from taxes.
In addition to this, a new study shows extreme income inequality makes the “ruling class” less generous toward others. The study found higher-income people are less generous when income inequality is high. And they are much less charitable than low-income people. The more they are isolated from average Americans, the less human we seem.
Since the 1980s, wealth has grown increasingly concentrated at the top of the economic ladder, while low-income Americans have commanded a smaller and smaller share of the nation’s wealth. At the same time, middle-income Americans are being forced into low income-jobs. They are not choosing low-income jobs because they are lazy or uneducated. They are taking low-income jobs because that is all that is available.
In spite of huge advances in technology and productivity, millions of Americans are now working longer hours and earning less. The real median yearly income (adjusted for inflation) of a standard male worker is $783 less than it was 42 years ago. Even worse, the real median income of female workers is now over $1,300 less than it was in 2007. The situation is completely unacceptable and must change.
The minimum wage has not been raised in 5 years, nor has it kept up with inflation. 75 leading economists recently sent a letter to Congress, telling them to raise the minimum wage. They stated the “Miller-Harkin” plan would increase the wages of close to 17 million low-income workers, and bring the minimum-wage value back to its value in the late 1960s. Bernie would take steps to increase the federal minimum wage from $7.25 to $15 an hour by 2020. He believes that in the year 2015, no one who works 40 hours a week should be living in poverty.
Does that seem reasonable to you? Should people working 40 hours per week be living in poverty while the wealthy play golf?
Why are members of the ruling class able to bribe their way out of paying their fair share of taxes?
As president, Bernie Sanders would stop corporations from shifting their profits and jobs overseas so the ruling class can enjoy the benefits of living in the U.S. without paying taxes. Bernie would create a progressive estate tax on the top 0.3 percent of Americans who inherit more than $3.5 million. (Remember, they didn’t earn this money, they inherited it. They are no better than you or I.) Bernie would also initiate a tax on Wall Street speculators who caused millions of Americans to lose their jobs, homes, and life savings.
These taxes would create at least 13 million jobs for U.S. citizens. The taxes would be used for a $1 trillion fund, used over five years toward the rebuilding our crumbling infrastructure, such as roads, airports, ports, bridges, railways, public transit systems, dams, etc.
Hoarding money is a psychological illness. It is also referred to as greed and avarice. The ruling class doesn’t deserve our respect! They don’t even deserve the money they have taken from the rest of us!