The 1999 Journal

February 15th

Presented by:   J S Chiappalone

Internet Address: www.cia.com.au/annwn

Our Motto: Take it or Leave it!

Copyright 1999 (c) by J.S. Chiappalone



BEYOND THE ILLUSION

Those who have searched for meaning beyond the crassness and see through the Evil Illusion will be rewarded for their efforts by awakening in some measure to a fuller understanding of what this putrid place has been all about.

But those of the Illusion who mocked the thought that this is not reality will be shocked far more as the Illusion breaks than they thought possible, and that is because, for them, there will be nothing beyond the doomed illusion but Doom!

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USA - LAND OF UNEQUALS

According to the Center on Budget and Policy priorities, 70 percent of the benefits of Capital Gains tax cuts will go to households earning over $100,000 a year.

Alan Greenspan, has consistently supported trickle-down economics. It is clear that he has advocated tax and monetary policies which have benefited the very richest Americans. In 1983, he was appointed to chair the Social Security Commission. He chose to solve the Social Security crisis by raising the payroll tax on working Americans while at the same time, as an economic adviser, he advocated huge tax decreases for the richest people in America. Now currently, he is a proponent of reducing the Consumer Price Index. There are people in government who want to balance the budget on the weakest and most vulnerable people in this society, and then advocate huge tax breaks for the richest people in this country, as he continuously does.

The United States of America today has the most unfair distribution of wealth and income in the industrialised world. The richest 1 percent of the population owns 42 percent of the wealth, more than the bottom 90 percent. In 1976, the wealthiest 1 percent owned 19 percent of the wealth. The upper 1 percent more than doubled the percentage of the wealth they own. Between 1983 and 1989, 62 percent of the increased wealth in this country went to the richest 1 percent. The middle class continues to shrink. Many families are working two or three jobs trying to pay their bills, and women who would prefer to stay home with the kids are now being forced to work. Jobs which used to pay $15 an hour in manufacturing are now paying $5 an hour for McDonalds.

The past twenty years have seen a decline in wages or stagnation for 80 percent of all American families, while the people on top have never had it so good. Twenty years ago, American workers were the best compensated in the world. Today, they rank thirteenth in the world.

"And the sheople graze on and on ... "

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POINT TO PONDER

Those who cannot see anything wrong
with this world will surely stay in
conditions such as these, and much worse.

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