The Plutocracy of America
For Which It Stands

During October, 2005, in the middle of Bush's Reign Of Error, Citigroup's top management sent a memo to its richest investors declaring America is now officially a plutocracy: A Society Ruled Exclusively By and For The Richest One Percent of the Population. This tiny percentage of the people controls more of the country's wealth than the bottom 95 percent combined. This is no longer a true Democracy – it's the land of the rich.

All Americans participating in our society deserve the opportunity for a decent standard of living with a job at a living wage and an affordable home, healthcare, a high quality eduction, vacation time and a comfortable pension for old age.

This is not, by any means, a new idea. FDR's proposed Second Bill of Rights included these concepts in 1944. Unfortunately, Roosevelt passed away before the end of his term and his proposal was never passed.

However, the concept of a job at a living wage and an affordable home was implemented as The Greatest Generation went on after World War II to build the America we enjoy today. But now, with the intensified corporatization of the country, the American Dream is apparently dissolving as big money dominates the government to the detriment of our citizens.

Ironically, FDR's concept was adopted by many other countries and it is employed to this day. Japan and Germany were among the first to receive these rights, which were also adopted by Italy and France, Korea, most of Europe and Scandinavia. Americans are among the very few that don't enjoy these benefits among the richest countries in the world, and we're the people who paid the costs for rebuilding the countries of our enemies after the war.

Roosevelt offered a basic plan for the security and prosperity of all Americans. His proposed Second Bill of Rights laid out basic rights necessary for any civil society. They included the opportunity for a citizen to have a useful job with sufficient pay to provide a decent standard of living for a family at fair prices for goods and services.

Roosevelt also believed that businesses should be able to operate in a free atmosphere without unfair competition or markets dominated by monopolies. Towns and cities should provide the governance, security and the infrastructure required for a modern society, and families should have a decent home, good healthcare, a free education and parks and recreation facilities. The elderly, who have paid taxes their entire lives, should be relieved from economic fears with pensions and healthcare and without bankrupting taxes and fees.

These are not financial issues: they are moral issues. The democracies around the world first adopted these policies because it is the right thing to do – then they set about finding ways to fund them. We taxpayers already pay far more than enough to cover the costs of a free society – if our government wasn't squandering our money in all the wrong places. The government is the problem – not the financing.

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