When the gods dance...

Monday, October 31, 2011

A New Declaration of Independence - American Spring

A New Declaration of Independence

The weight of the 1 Percent has become intolerable. How can we take our country back? Here's a fresh draft

The following document is the result of the Salon staff's brainstorming; we're incredibly grateful to Alex Pareene for crafting it into a coherent piece. We hope you'll add your own thinking in the comments section below.

Here’s where we are in the course of human events right now: 14 million Americans are jobless and millions more are underemployed. Those still working have seen wages fall after 30 years of stagnation. The 1 Percent of top wage earners could buy and sell the rest of us without so much as a low balance warning on their checking account apps. The tenth-of-1 Percent earns millions more every year in barely taxed capital gains and derivatives while everyone else struggles to pay down trillions of dollars of debt. Massive, growing income inequality is now belatedly acknowledged by political and media elites, but many of them seem befuddled as to its cause and importance.

It is our belief that many of the problems facing Americans today can be directly connected to the unchecked power and complete unaccountability of the 1 Percent, a group that benefits from every unequal boom of the modern era and escapes each disastrous bust unscathed. The 1 Percent is insulated from the negative effects of its disastrous policies by its paid representatives in government. The elite 1 Percent ensures the slavish loyalty of its political handmaidens by flooding their campaign coffers with money squeezed from the 99 Percent as deposits, fees and interest.

Alex Pareene

Alex Pareene writes about politics for Salon. Email him at apareene@salon.com and follow him on Twitter @pareene  More Alex Pareene

I especially like the inclusion of a Debt Jubilee: immediate relief for the poor, who generally pay the highest interest rates; keep homeowners in their homes; provide genuine relief for students. Education should be free, for it is a wise investment in our future productivity. I'd like to see something like this emerge from Occupy Wall Street.

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