By Ed Raymond
A Shock to the Best Congress Money Can Buy: Money Eliminates Poverty!
An amazing revelation shocked conservative politicians of both political parties when COVID-19 virtually tanked the U.S. economy in 2020.
When the government agreed to increase and extend unemployment payments and prevent evictions and foreclosures for a period of time for poor people, the poverty rate went down! Who would believe such heresy, if you gave poor people money to keep them out of breadlines and tents?
Some Republicans and Trumplicans rebelled. Why should we spend money on those slackers who don’t want to work, that have too many kids, too many broken homes, bad personal judgments, and did not educate themselves so they could move up all those career ladders?
The Census Bureau has estimated that the money provided stopped 5.5 million people from falling into poverty and lifted 12 million out of poverty for a time.
Recent research on U.S. inequality has revealed that the racial wealth gap between families has become so wide in the past forty years that “the future prospects of children from lower wealth groups are likely to be grossly compromised.” In other words, their chances of moving out of poverty are practically zero.
In 2019, prior to the virus attack, the median wealth level for a White family with children was $63,838, for a Black family with children $808, and Hispanic families with children $1,175. Wealth is calculated by adding up assets (homes, investments, savings, and inheritances) and subtracting their debt from assets. Blacks and Hispanics own fewer homes in poverty-stricken ZIP Codes, and rarely have savings, investments, and inheritances.
Wealth inequality is so extreme now that 1% of parents control 44% of all wealth held by households with children while the top 10% control 82%! Duke University Professor Christina Gibson-Davis, the co-director of the research, concludes: “Wealth is so stratified by race and ethnicity that it perpetuates that racial inequality into the next generation.”
Gee, we can’t seem to understand why Black and Hispanic children without boots can’t lift themselves with their bare feet to a ladder filled with spiked steps. Could it be because a tiny group of White parents who control the Best Congress Money Can Buy don’t want to share their wealth so the spikes can be removed?
Pandora’s Box Is Filled With Good and Evil
In Greek mythology, Zeus, the king of all the gods (and there were plenty of them), told Hephaestus, god of fire and craftsmen, to make the first woman out of earth, upon which all the other Greek gods bestowed choice gifts. One god gave her a jar filled with all measures of good, misery, and evil. Eventually, curiosity made her open the jar, and all the evil escaped to harass the human race. The good stuff stayed in the jar.
Some pissed-off god of transparency dumped 11.9 million documents out of Pandora’s jar onto the International Consortium…