MERRY CHRISTMAS

Stephan:  I send all my readers my best wishes for a wonderful Christmas holiday, a pagan celebration that speaks to cultures all over the world. It is my hope that you have found SR useful in your own life, and I thank all of you who supported SR for your contribution which is much appreciated. At Christmas time, let's see the potential of a new beginning. Let's commit that every decision we make from this happy day forward will be the option that is compassionate and life-affirming, and most fosters wellbeing. Let's give that gift to the world for Christmas
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Research Shows Affluent Americans Barely Recognize US Income Gap

Stephan:  The way our society is structured does not work except for a tiny group, and history is very clear that this level of financial inequality cannot last. No society has ever been able to pull it off. Part of the problem is that the rich are so rich they literally cannot identify with the life of most Americans. Here's the story.

Affluent Americans overlook others’ struggle to access essential services like health care, a new poll shows.
Credit: MAX / SHUTTERSTOCK

A new report from the Federal Reserve highlights the bleak economic prospects for young Americans, concluding that millennials are in much worse financial shape than earlier generations (at the same age) in terms of their relative income and wealth. These findings are not encouraging for those concerned with the problem of growing inequality.

Despite the rise of populist anger in President Trump’s USA, inequality received little attention in 2018 from both major parties. But make no mistake, the story of early 21st century US is one of record inequality – and a growing divide between two groups: the haves and the have-nots. Forty percent of Americans hold negative financial wealth, averaging – $8,900 in assets, in the wealthiest country in the world, while another 20 percent hold just 2 percent of wealth. This means that 60 percent of the nation holds virtually no financial assets or holds negative assets in the wealthiest country in human history.

While […]

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The Rich Can Afford Higher Ground in Miami. What’s Going to Happen to the Poor?

Stephan:  Here is how wealth inequality is going to play out as climate change intensifies. As I said a culture based only on greed and profit is ultimately not sustainable. Here is an example of what I mean.

A man drives through a flooded parking lot to put his boat in at a ramp at the Haulover Marine Center on Nov. 14, 2016 in north Miami.
Credit: Joe Raedle/Getty

MIAMI―Myesha Pugh fled the apartment complex where she spent the first 30 years of her life after an insect wormed into her grandmother’s ear in the middle of the night. “My dad took her to the hospital, and the hospital retrieved a live cockroach,” she recounts with disgust.

Conditions at the multifamily complex in the heart of Miami’s Overtown neighborhood, where rents hovered at about $500 a month, quickly deteriorated after the original owner died and left it to her children. “I personally think they’re waiting for the city to condemn the building,” says Pugh.

Miami has a housing crisis, and Pugh is one of its victims. Soaring rents have led to a shortage of affordable housing, which in turn has led to a surge in slum conditions. For […]

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Study: Third Of Americans Thinking About Leaving Country To Live Abroad

Stephan:  This trend is a sign that the social values of the United States are so badly out of whack that a third of us think about moving somewhere outside of the country. Here are the facts. Citation:
Modeling American Migration Aspirations: How Capital, Race, and National Identity Shape Americans’ Ideas about Living Abroad
Helen B. Marrow Tufts University https://journals.sagepub.com/doi/abs/10.1177/0197918318806852?journalCode=mrxa&

KENT, ENGLAND — A third of natural-born Americans have thought about packing up and living elsewhere — outside the United States — at some point in the future, but it may not be for the reason you think, a new study finds.

Researchers from the University of Kent in the United Kingdom and Tufts University in the U.S. say that the most popular reason (87.4 percent) to live abroad is the simple desire to explore the world. Surprisingly, whether a person identifies as liberal or conservative politically had no correlation to their hopes of moving overseas.

“While one might think that ideological orientation plays a role, at least in this pre-Trump survey, we found out that it did not, at least not directly,” says Dr. Amanda Klekowski von Koppenfels, of Kent’s Brussels School of International Studies, in a release.

Yet while politics didn’t have a direct link, the authors found that one’s own national identity was an important underlying factor in their aspirations for living in another country. Specifically, those who didn’t respond that they had a very strong national identity were also […]

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Paul Ryan’s Entire Career Was a Cash Grab for Billionaires

Stephan:  I have never understood how anyone could think of Paul Ryan as an intellectual or savvy economics thinker. To me more than anything he reminds me of a boy I knew at university who had read Atlas Shrugged and come away a convert. Atlas Shrugged makes sense when you are 19 and an intellectual sapling. Anyone who takes it seriously after 24, I think, has a character defect. Rayn proves that, he is the manifestation of the dark side of the American character that is now dominant in the culture.

Credit: Gage Skidmore

Each New Year’s, my wife and I indulge one of our favorite traditions: the household purge. We scour our closets for stuff that’s just taking up space, quietly draining our home’s energy, and move it along. I can’t recommend it enough.

This year, America’s doing the same thing — and putting House Speaker Paul Ryan out on the curb.

For years, the ten-term Wisconsin Republican — who’s retiring as Democrats prepare to take over the House — enjoyed an improbable reputation as a “deficit hawk” and “deep thinker” about fiscal issues.

Year after year, as House budget chairman, Ryan would roll out his latest “blueprint.” He’d literally roll up his sleeves for the cameras and detail his latest plans to slash rich people’s taxes and scale back public services for everyone else.

For a while, mainstream liberals greeted Ryan as a serious interlocutor.

They treated his plans to privatize Medicare, eviscerate Social Security, and shred the safety net as valid viewpoints in the Adult Conversation they wanted politics to be. Even if you didn’t […]

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