|Monday Truth Series....IN kli-yug MONEY IS THE RULER.....and the money rulers ensure that they have all the money they can get...legally and otherwise|
Posted by Vishva News Reporter on December 21, 2010
OF NEW IN-DEPTH KNOWLEDGE FINDING FEATURE....
In all the publishing of the PVAF website since mid-September
2010.....Please click on the hyperlinked words which you will see as
purple reddish colour on which when you place of page cursor you will
see a hand-signal...just click on the hyperlinked word to go to the
source for the quick overview of the comprehensive knowledge conveyed by
language words of
lifestyle knowledge are in italic and bold and spelled in
phonetic transliteration in English and hyperlinked for in-depth
meaning where possible....
|......The wealthiest 1 per cent of Americans
now pocket nearly
one-quarter of the country’s income....
....They also control as much half of
total wealth of USA,
including property, bank accounts, investments, art and
...Their share of the wealth pie
has roughly doubled in the past
.....vEDik Take On
the TRUTH OF Today's News Sharing...
Champaklal Dajibhai Mistry
of Edmonton, Alberta, Canada....)
|The above news makes you think what is the real meaning of democracy
in USA or as a matter of fact anywhere in the world compared to
dictatorship and/or communism-socialism where the state owns all the
The following knowledge is summarized on how a country-nation-citizenry
is to be governed in the corpus of
sNskRUt language texts called
aARth-shaasTR extant for
current humankind in the
vEDik time cycle of which we currently are in the 5112 year of the
432,000 year duration kli-yug:
- The governing body headed by a
raajaa or king or any other leader's name
we have in current use is to tax all who produce wealth that is created
through trade or natural resource development including farming of any
kind would pay a tax to the governance of 1/6 of the earning and/or
value of any resource production;
- The wealth created is used to pay for services by the
entire citizenry by the wage system set up by the government for each
- On a individual basis, a person's earning is to be spent
in the following manner:
- 1/3 for one's personal,
family and societal needs for entire life-journey;
- 1/3 for upholding one's
- 1/3 for giving of
& (there is another 4-equal split alternative to
the above but when compared to above the objectives by 3-way or 4-way
split approximates the same in meeting the
DHARm of using one's income).
- The lifestyle and the cost of living the lifestyle of the entire
citizenry conforms to
DHARm of each of the
4-vARn and the non-vARAN
and/or mixed-vARAN category and the
DHARm of each of the 4-aaSHRm
life-stages of a life-journey that has been ordained as per the design
of humankind in
bRH`maa. Thus the wealth of a
country-nation is distributed among its citizenry as noted in the
preceding lifestyle living concept and there is no economic struggle as
is expressed in today's news sharing......
But in the
vEDik time era called
kli-yug of the 4-yug time cycle that we
are living in presently...living by
DHARm as noted above is at best 25
percent at the start of
and would degenerate to may be 10
percent at the end of
What this means is that as majority of the government and its citizenry
DHARm in their daily life to create wealth by any means and
any cost for the few....which could be expressed as a lifestyle of "dog
eat dog" resulting in the few mightiest dog gets all the other dogs
regardless of dictator or democratic or communist or socialist regime of
government and citizenry.....
If you read today's news story in this context then you would start
grasping what is wrong even in USA which is the most democratic country
on the planet Earth today with full rule of constitutional law and
jurisprudence which is still evolving to truly uphold the spirit and
meaning of the constitution and all governance laws thereof.....
On behalf of PVAF and also from personal evergreen study of humanity and
anthropology I invited you to share your knowledge and inquisitiveness
on today's story and the vEDik Take thereof...You can share this on this
internet platform by either clicking on the
POST A COMMENT button in the
header of this news story and write as much as you wish or email your
sharing to be published on this web page as a knowledge-news sharing
with the rest of the humanity on this planet Earth.....
|And now please click on the next line to read today's news story
on the next webpage together with related news-knowledge sharing......
......Now Today's News Story About
Capitalism in Democracy....
Gap between rich and poor
won’t be closing any time soon
Globe and Mail : October 4, 2010: By Barrie McKenna)
(Barrie McKenna (email) is correspondent and columnist in The Globe
and Mail's Ottawa bureau. From 1997 until 2010, he covered Washington
from The Globe's bureau in the U.S. capital. During his U.S. posting, he
traveled widely, filing stories from more than 30 states. Mr. McKenna
has also been a frequent visitor to Japan and South Korea on reporting
assignments. A native Montrealer, he has degrees from McGill University
(history) and Carleton University (journalism). He is also a two-time
finalist for Canada's National Newspaper Award)
It is what economist Paul Krugman calls “the Great Divergence” – the
growing gap between rich and poor in America.
Countless studies assure us it’s real. The rich, as measured by income
or net worth, have been steadily and impressively growing more affluent
since the 1970s. By some measures, the moneyed class may be richer than
it has ever been.
The wealthiest 1 per cent of Americans, for example, now pocket nearly
one-quarter of the country’s income. They also control as much half of
total wealth, including property, bank accounts, investments, art and
the like. And their share of the pie has roughly doubled in the past
Income is more evenly shared in Canada. But not by much, and the trend
toward greater concentration at the top is identical. Between the
mid-1990s and the mid-2000s, income inequality grew faster in Canada
than in all but one of 17 leading developed countries, according to the
Conference Board of Canada’s 2010 performance report.
And yet we don’t like to acknowledge inequality, in spite of its obvious
link to poverty, crime and other social problems. Many people may be
oblivious to the fact that it even exists.
Nor are people inclined to redistribute wealth, Robin Hood-style. Voters
generally aren’t fond of politicians who would tax millions of us more
to engineer a more egalitarian society.
The inequality debate prompted Harvard University marketing professor
Michael Norton and Duke University behavioural economist Dan Ariely to
explore Americans’ perceptions of income utopia. And the two have come
up with some surprising and provocative answers in a new study: Building
a Better America, One Wealth Quintile at a Time.
Their conclusion: Americans don’t have a clue about how unfairly wealth
is shared in their country. And their utopian model is Sweden – one of
the developed countries that looks the least like their own.
The academics drew their data from 5,522 respondents, matching the
demographic makeup of the country.
Participants were asked to look at three pie charts with wealth
distributed between chunks of 20 per cent of the population. One chart
showed wealth distributed equally between the five pieces of the pie;
another showed the U.S. reality; and a third matched Sweden, where
roughly 32 per cent of the country’s wealth is in the hands of the
richest 20 per cent.
A startling 92 per cent of American respondents, including more than
nine out of 10 Republicans who voted for former president George W.
Bush, picked the Swedish model as the ideal. Even the rich agreed that
wealth should be more evenly shared.
“Americans seem to prefer to live in a country more like Sweden than the
United States,” the authors said.
Respondents also failed to recognize their own reality. They estimated
that the richest 20 per cent of Americans probably control 59 per cent
of the wealth. The actual figure they control is 84 per cent.
The authors argued that “Americans prefer some inequality to perfect
equality, but not to the degree currently present in the United States.”
That said, professors Norton and Ariely acknowledged there is a
disconnect between what people say they want for their society and the
kinds of policies they would actually embrace. “Americans may remain
unlikely to advocate for policies that would narrow this gap,” they
Consider the current U.S. political landscape. Americans appear poised
to toss out dozens of Democrats in the November midterm elections. The
result could be significantly less equality as Republican gains make it
more likely that Congress will renew a batch of expiring Bush-era tax
cuts for the wealthy, slash government spending and perhaps even roll
back the recent expansion of health care.
Canadians also appear to be drifting to the right – and toward fiscal
austerity – as the country digs itself out of the recession. Liberal
governments in British Columbia and Ontario are facing challenges from
the right. New Brunswick went Conservative last week.
In Ottawa, the Harper government is shifting its priorities, too,
dialing back on fiscal stimulus and turning its attention to deficit
reduction as it prepares its next budget.
The concentration of wealth grew worse during the boom years. Narrowing
the wealth gap is likely to prove even more challenging as the economy
enters an era of slow growth, flat wages and unusually grumpy voters.
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