AuthorsDen.com   Join | Login    
Where Authors and Readers come together!

SIGNED BOOKS    AUTHORS    BOOKS    SAMPLE CHAPTERS    AUDIOBOOKS    eBOOKS    STORIES    ARTICLES    POETRY    BLOGS    NEWS    VIDEOS    SUCCESS    TESTIMONIALS

Featured Authors:  Lisa Loucks Christenson, iMatt Miller, iFlo Fitzpatrick, iBob Brink, iD. Enise, iTeresa Walker, iH.G. Potter, iMr. Ed, iMaryAngela Nangini PhD, iLaura Cavanaugh, i

  Home > Essays > Articles Popular: Books, Stories, Articles, Poetry      Authors: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z     

E D Phillips

 Follow Me  

· Contact Me
· Success story
· Books
· Articles
· Poetry
· News
· Stories
· Blog
· 1,302 Titles
· 6,063 Reviews
· Save to My Library
· Share with Friends!
·
Member Since: Dec, 2008

E D Phillips, click here to update your pages on AuthorsDen!


Books by
E D Phillips





See all Books
by E D Phillips


US Household Wealth Surges
by E D Phillips   
Rated "G" by the Author.
     
Last edited: Saturday, September 13, 2025
Posted: Saturday, September 13, 2025

Recent articles by
E D Phillips

• Spiritism Explained
• Segments from a Bifurcated Life
• AI at Its Best
• July 4, 1776: 250 Years Later
• A Sage or a Saber-Toothed Renegade?
           >> View all

Doing nothing actually is the way to lose against the wealth issue.

US Household Wealth Surges

The world's biggest rip-off continues as US wealth soars unearned, unabated, untaxed, and almost beyond the limits of human comprehension. Just a few short years ago, US wealth topped out at $100 trillion dollars. Not bad for a country with the biggest canyon between those who have nothing, and the super-rich. The onslaught continues. As of June 30, 2025, US net wealth totaled $177 trillion. And, of course, $159 trillion of that is safely tucked away in the hands of the super rich. The data are collected and published by the Federal Reserve. With 400 PhD economists employed there, it's a safe bet that the numbers are accurate. My $8 dollar calculator confirms they are spot on.

Once again, the Conservatives and their cling-ons in Congress cleared the way for our 840 dynastic families to take from all of us and give it to the super rich. Nearly all of it is unearned, untaxed assets with nothing in the way that might slow down this wealth tsunami as it climbs toward infinity.

Just as a reminder, weatlh = net worth = stocks, bonds, real estate, minus debts fed by inheritances (untaxed), dividends (untaxed), interest payments (untaxed), rents (untaxed), capital gains (untaxed) and inheritances (untaxed). In order to keep the flows moving (from us to them) requires a constant flow of $4.85 billion dollars every day from us to them.

Numbers do not lie. The absence of guard rails do not lie. Keeping barriers of every kind out of the way so the surge can continue do not lie. Together, they are the sum and substance of the unstoppable dream (by the few), and the unbearable nightmare by the many.

The Default Solution

The default solution is the ugly solution. If left to chance factors, it would pit those who are willing and able to fight against those who do not care about you for one minute, and probably cannot spell the word fight. It will be bloody and devastating with tsunami-like consequences here and around the world. And its effects would likely last a thousand years. All the conditions of poverty would be magnified a thousand times over. Human suffering would blanket the world.

The default solution is about as close to inevitable as the law of probability commands. Here is the alternative.

The Humane Solution

There is a humane solution. It begins with awakening the sleeping giant (that's 99 percent of us).

• We must raise the critical thinking skills of all those who wander around in in the dark – starting now. That part, alone, will take at least 20 years to bring about coherent thinking with the ability to discern right from wrong, smart from stupid.

• We need to reinstate the inheritance tax on inheritances above $10 million. The wording and the details must be such to assure that family dynasties with billions of dollars are no longer possible.

• We also need to call upon 3rd grade arithmetic to shows us the numbers. We need to decrease the dollar flows from the Fed to large banks, and increase dollar flows to small banks and credit unions. We need to boost money-in-circulation by about $30 trillion over 20 years, under the careful monitoring of the Federal Reserve.

• We also need to adopt the Living Wage Scales developed by a team of economists at MIT. Over that same 20-year time frame, minimum house- hold wages would need to be steered to approximately $100,000 annually in future dollars. Profits, taxes, and US debt would need to be monitored by a team of Fed economists, untouchable by unenlightened politicians or thugs. It's all do-able.

It is essential that these changes are protected from the whims, jokes, mischief, lunacy, and evil intentions of all those who love to live in dark places.

  

Web Site: USA-Forever.com


Want to review or comment on this article?


Need a FREE Reader Membership?
Reviewed by Ronald Hull
Reviewed on September 14, 2025
Unlike the French Revolution, where pitchforks were the norm, the United States is rife with guns. Thanks to the military industrial complex needing a source for their production in peace time and those thinking that guns purchased for defense will never be used in offense.

The data, suppressed, shows clearly that all of these guns tend to be used very badly. If the poor ever get totally fed up, there will be more than just looting of stores.

We have the vote and we must vote intelligently. Especially before our vote is taken away and replaced by a spoils system from our dictators.

Ron

Reviewed by Odin odin@aflx.com
Reviewed on September 13, 2025
As always, the voice of reason and fact-checking brings facts to our attention, where so many of our news journalists on TV and streaming opt to gossip. So well written. Thank you, Ed. You're a voice to be listened to.

Popular Essays Articles
  1.  Where Have All the Authors Gone?
  2.  The Advent of ALICE 1.0 Advanced Logis
  3.  War and the Earth we need to live on.
  4.  An Era of Stupidity and the Challenge
  5.  Down with Group Chat
  6.  Critical Race Theory & the 1619 Projec
  7.  Needed: A Progressive Grand Strategy t
  8.  Less Words, More Results
  9.  Takeaways from Adam Smith's The Wealth
  10.  Mr. Trump, have you no sense of decenc
  11.  The Crisis of Opioid, Fentanyl, Cocain
  12.  Verifying Ones Self
  13.  Where, oh where, has my Porsche dream
  14.  Critical Race Theory
  15.  Just a Kid
  16.  Super Spreaders Disguised as Congressm
  17.  Daylight Saving: Stop Legislating the
  18.  Are You Writing for Me?
  19.  The Compassion of Christ
  20.  Why Excessive Inequality Matters
  21.  Bone-headed Supreme Court Decisions
  22.  Rhode Read: RI’s Tobacco-Based Wealth
  23.  Genghis Khan Rides Again!
  24.  The Cozy Mystery: Death by a Thousand
  25.  American Fascism and the Bush Administ

Free Book Review Program
Select a book to read and review today!

RAM: Random Articles and Manuscripts by Jay Dubya

RAM: Random Articles and Manuscripts, a non-fiction collection of 38 stories and essays, is author Jay Dubya's 32nd book.  
Member BookAds

Democratic Dilemmas and Divine Inspiration (A Kindle Short) by Aberjhani

Democratic Dilemmas and Divine Inspiration examines the significance or relevance of the idea that the U.S. Constitution was, as many believe, divinely inspired. How much did that belief matter to founders of the nation and how much does it matter no  
Member BookAds

RAM: Random Articles and Manuscripts by Jay Dubya

RAM: Random Articles and Manuscripts, a non-fiction collection of 38 stories and essays, is author Jay Dubya's 32nd book.  
Member BookAds