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The Wealth Gap (continued): Back to basics

The middle class share of American wealth has gone to the very rich

                                                                                     

By Dr. Larry Fedewa (April 7, 2019)

 

For the past three weeks, The Dr. Larry Show (www.blogtalkradio.com/LA-Batchelor/ or at 646-929-0130; 7 -8 pm every Wednesday) has been discussing the “wealth gap” in 2019 America. Now, it’s time to get back to basics.

Q. What is the “wealth gap”?                                       

A. This term refers to the present and growing concentration of financial assets (cash, stock, real estate, intellectual properties such as patents, copyrights, and royalties, etc.), and all forms of passive income to the control of fewer and fewer people (1% of the population) while the middle-class controls less and less of the nation’s wealth. The word, “wealth”, is used instead of “income”, because the value of assets is frequently allowed to appreciate untouched ( e.g. to avoid taxable income). Money comes and goes in the form of income; assets are for long-term welfare.

Q.  Is there really a wealth gap in America? Surely there will always be differences in wealth.

A.  The changes in the proportion of the nation’s wealth held by individuals over time are clearly traceable statistically. This trend can and has been analyzed by experts for decades. Currently, nearly 80% of America’s wealth is held by 1% of the U.S. population.                     Keep Reading

Vlady to Deep State: “Well done!”

“You have achieved Russia’s greatest victory in the 21st century!”

 

By Dr. Larry Fedewa (March 25, 2019)

Texas Representative John Ratcliffe (R), former federal prosecutor and among the most impressive and careful members of Congress, made a case to Fox’s Maria Bartiromo yesterday morning that the enemies of President Trump have accomplished the goals of Russia’s interventions in the 2016 USA election far more successfully than the Russian spies could ever have hoped for.

Those goals have been revealed as the division of the American public in such a way as to discredit the new president, to sow deep mistrust of the electoral process, and to encourage contempt for the rule of law. Altogether to undermine America’s democracy in the eyes of her citizens. In addition, this continual distraction of the American government and media has precipitated a monumental effort to paralyze the Washington establishment with respect to foreign policy and performance – a goal shared with the entire Democrat Congress.  Keep Reading

A Book Review: The Windmill Chaser

Triumphs and Less in American Politics                               

Former Congressman, author, lobbyist

By Bob Livingston, 2018 University of Louisiana at Lafayette Press, 296 pp

 

This is the extraordinary story of an extraordinary man. Bob Livingston’s memoir starts with his beginnings in a troubled family through his time in the Navy, law school, first jobs and finally his entry into politics as the first Republican Congressman from his district near New Orleans, LA since before the Depression.

The story hits its rhythm, as they say in sports, as his 22 years in the U.S. Congress unfolds. The climax comes when he ascends to Speaker, only to have it snatched away at the last minute.

Along the way, Bob explains in simple language his common-sense politics and comments on past and current people and events from his own perspective. What emerges is a very attractive conservative philosophy which is worth reading for its own sake.

The reader is also struck by the author’s honesty, even humility — a quality not commonly expected in a politician. This perspective is particularly evident as he details the background and events surrounding the House impeachment of William Jefferson Clinton. That segment adds a first-hand account of his part in that historical epic, with all the pathos and tragedy he and his supporters experienced. Equally enlightening is his assessment of the impact of those sad days through the years that followed. Altogether a valuable and occasionally riveting addition to the literature of that era.

 

Amazon Book Review

by Larry Fedewa, PhD,  Richfield Press 2019

January 16, 2019 Dr. Larry Show: deep dive into immigration policies and problems

 

Click here for podcast: https://bit.ly/2CzC9QS

The most difficult issues relating to immigration policy are discussed, including barriers, humanitarian crisis, caravans, DACA, visa enforcement and reform, and national strategy.   No holds barred.

Guests commentators: L A Batchelor and Tom Donelson

 

 

Are Catholics welcome in the new Democrat party?

What about Jews?                                            

by Dr. Larry Fedewa (January 18, 2019)

As the platform – and actions – of the Democrat party have become more actively pro-choice on the issue of abortions, questions have begun to surface more widely as to whether a practicing Catholic can in good conscience be a member of the Democrat party? It is true that there are a number of very prominent Democrats who also profess to be Catholics, including 2016 vice presidential candidate Tim Kaine, House Speaker Nancy Pelosi, and former Vice President Joe Biden, among others.

The tipping point is the increasingly adamant position of the Catholic Church in opposition to abortion in any form. As research shows more clearly the viability of the fetus at a very early stage, the basis of the Church’s position has evolved from disapproval of abortion as a birth control measure to condemnation of abortion as a form of infanticide, i.e. murder.  Keep Reading

Shutdown and Stand-off!

What the heck is going on?                                             

 

By Dr. Larry Fedewa (January 6, 2019)

One quarter of the United States federal government is closed. Unless you are a federal employee or contractor, you probably haven’t noticed this – yet. But the longer this closing goes on, the more impact it will have on ordinary people. For example, the IRS is not processing refunds – not much of a problem so far but will be in another month. And so it goes with several other agencies.

What then is causing all this disruption? Whose fault is it? How will it be resolved?

The U.S. government has closed a portion of its services because of a dispute between Republicans and Democrats over money. Is the dispute over how best to balance the federal budget? Not so lucky. The dispute is over a$5 billion-line-item – which sounds like a lot of money until you realize that the total federal budget is $4.407 trillion. Since one trillion equals 1000 times one billion, the amount in dispute is such a small percentage of the total budget that you couldn’t even get that number on a calculator – too many zeros.

If the dispute therefore  is not really about money, what is the problem? The problem is that this line item is the funding for a series of walls on the U.S. southern border with Mexico wherever the terrain permits. This proposal builds on the experience of the wall in San Diego which has reduced the flow of illegal immigrants by 96% since 1986 (before the wall was built). While it has been spectacularly successful in its intended purpose, however, smuggling especially of drugs has increased dramatically. Therefore it seems necessary to increase staffing and technology at the ports of entry as well as construction of additional walls in order to  effect improved border security.

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Republicans in the secular city: condemned by history?

By Dr. Larry Fedewa (December 15, 2018)

The 2016 update of the 2010 U.S. Census shows the current distribution of the U.S. population at 80.3% urban and 19.7% rural. (Michael Ratcliff, Geography Division, U.S. 2010 Census Report, issued  December 2016)  This simple fact is perhaps the most significant reality in the current political polarization of the United States’ electorate. On its face, it signifies that the current Republican Party is doomed to disappear unless it can make some fundamental changes.

To detail some of the differences between urban and rural realities, let’s look at a few.
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China: What’s Next?

Will the Democrats help China defeat the USA?        

By Dr. Larry Fedewa (November 24, 2018

Former Virginia Governor James Gilmore wrote in these pages. “America today is in a world-wide conflict to determine how mankind will live in the years ahead.  This conflict engages all aspects of national power: military, economic, diplomatic, and the competition of values.” (October 12, 2018) As Chairman of the Gilmore Commission (1999-2003) which presented a comprehensive study of America’s national security status and options, as well as his current position as head of a Washington think tank, Governor Gilmore is widely respected as an analyst of American foreign policy. On my radio show, he added that America is already in a non-shooting war with China. His opinion is shared by many other keen observers.

Governor Gilmore cites a little-known document published by the Trump Administration called the National  Security Strategy (2017), which enunciates clearly the goals of a successful outcome for the United States in the contest with China for maintaining our position as the world’s primary superpower.

Why do we care? Because America’s status as the most powerful nation in the world has been essential to avoiding World War III, since America took over world leadership following World War II. Prior to 1948, under British leadership, there had been two world wars in the prior two generations, both originating in Europe and spreading to the much of the world because of European colonialism and the industrialization of Asian powers.  Keep Reading

Dr. Larry Show (November 14, 2018)

https://drlarryonline.com/dr-larry-show-november-14-2018/

Discussion with Talk Show Host Larry Friis about the meaning of the 2018 Midterm elections for the future of the Trump administration and the nation’s economy heading for the 2020 election cycle.

Larry B. Friis, MBA, LNHA,  Principal – High-touch Leadership |Author| Keynote – Leadership, Workforce & Motivational Speaker | Advisory Services