© Mshabazz33.wordpress.com
The mainstream media rarely publishes facts like this. The super-rich keep building up their own numbers, as quietly as possible. And our leading members of Congress have little need for numbers, except for budget cuts and the strings of zeros at the end of their campaign contributions.
But numbers have the power to reveal the dramatic fall of the middle class over the past 35 years.
1. 138,000 Kids Were Homeless while 115,000 Households Were Each Making $10 Million Per Year
Recent data has shown that the richest .1% (115,000 households) have each increased their wealth by an astonishing $10 million per year. As they counted their money on a frigid night in January, 138,000 children, according to the U.S. Department of Housing, were without a place to call home.
2. The Average U.S. Household Pays $400 to Feed and Clothe Walmart, McDonalds, and Other Low-Wage Workers
The Economic Policy Institute reports that $45 billion per year in federal, state, and other safety net support is paid to workers earning less than $10.10 an hour. Thus the average U.S. household is paying about $400 to employees in low-wage industries such as food service, retail, and personal care.
Walmart's well-advertised $1 raise will cost the company about $1 billion a year. Its profits last year were about $25 billion.
Comment: The massive lie behind the U.S. unemployment numbers