That's more than three-quarters higher than the official account published in September. The claim is based on a new supplemental measure by the Census Bureau that includes health care, transportation, and other essential living expenses in the poverty calculation.
Meanwhile, the very rich are poised to benefit from another year of Bush tax cuts that will trim a further 1% to 2% off their tax burden. It is this growing inequality that has helped give birth to The Occupy Wall Street movement.
"There is something profoundly wrong with the way our democracy works and how it's benefiting such a tiny fraction of the American population and the world population," said Douglas Ficek, a philosophy professor and Occupy protester.
Boxing trainers use the phrase when they want a pugilist to stop being cautious and pound away at an antagonist with unbridled fury. The effect in the business world has been to turn the clock back on customer relations to a time when more businesses had a moral compass and worried about how they were viewed by those who purchase their products and services.
Consumers have used their wallets to rout both Netflix and Bank of America (BofA) in the past month in a collective show of force that suggests a new activism has replaced their former apathy, which long allowed business leaders to treat them with disdain. The result may be a sea change in the way business has been conducted in America the past 30 years.
Instead of purchasing political and media influence to facilitate the exploitation of their own customers, particularly in industries like banking and cable TV, corporations now must rediscover how to treat them fairly again.
The Veterans of Foreign Wars has issued a "call to action" to its 2 million members, according to this Military.com article, asking them to plead with Congress to spare military and veterans benefits as a bipartisan committee looks to trim $1.2 trillion from the federal budget.
Why soldiers have to beg their own government to keep its promises is another story. One that begins and ends with its apparent takeover in a bloodless coup d'etat by business leaders with a legal obligation to maximize profits. These business interests are raiding the federal treasury every chance they get and creating regulations that help the few and hurt the many, while dodging their fair share of taxes.
The painful truth is that military service is about as pure an example of socialist activity as you're going to find anywhere in the U.S. - soldiers literally put their individual needs second to those of the many. They risk their lives for the greater good, not for the money they may never get to spend.That heroic attitude is diametrically opposed to the "greed is good" mantra of savage capitalists like the Koch Brothers, who are strictly out for themselves.