2008 and Wall Street

Fat Cats of America

My cat Azula knows I could have blogged every moment of every day this past week, reacting to: Scott Pruitt’s steady dismantling of the EPA; the Trump infrastructure proposal that promises to profit the wealthiest and further indebt the public; a White House staffed by wife-beaters without security clearance; indictments of lying Russian and American men paid to corrupt our faith in elections and facts; a social media which eats up our time while creating more billionaires and smears; and a Florida legislature voting down debate on gun control because surviving kids from our latest school massacre were actually protesting, Never Again!

How did America, the land of the free, get here? It boggles the mind. But one constant does connect it: fat cat money. Who exactly has it, and who gets to make the rules that govern money and us by essentially violent means? 

How much money should the fattest pale male cats have at their paws' disposal? As I write in Screwnomics, millions and billions sound alike, but they’re worlds apart.  Calculated in time, a dollar per second, one million adds up to 12 days. A billion is 13 YEARS. Meanwhile, the median US household (which most often these days includes two earners) is $59,039, or 16 HOURS of time. Half of us earn less and are hustling.

Up until 2016, the median had yet to catch up to where we were in 2008, before the crash, created by Wall Street’s richest. By contrast, Bill Gates, our richest fat cat, had a measly $43 billion in 2008. Now he’s worth $86 billion, or 27 CENTURIES of time. This isn’t due to his overtime pay.

I’ve nothing against Gates or cats, but I do have a problem with a system that so reliably moves money up to those who already have the most. It undermines democracy for us church mice. We need money control as much as we need gun control. The founding fathers never anticipated AR-15s or billionaires, but they did know of Kings—and declared themselves disobedient to despots.

So, be heartened by those young, caring Americans, who courageously wave our nation’s authentic power. American money can be put to much better use than more guns, more billionaires, more corrupt government and lies. Even Azula knows fat cats aren't healthy cats! 

—Rickey Gard Diamond