Friday, June 06, 2008

"Cost of living" verses wage stagnation

I spent the year of 1979 near Hiroshima, Japan. During my stay there gasoline cost around $1.25 in the U.S. and almost $4 per gallon in Japan. Of course, they didn't sell it "by the gallon" there, rather by the liter. But the price worked out to that which I am siting.

When I asked anyone about the difference in price, I was invariably referred to the same logic that was given when asked about prices for everything in metropolitan America being higher than that of rural America. Prices were higher because people in metropolitan areas made higher wages. And this was the explanation for the higher price in Japan of that time.

And today, as we see the cost of virtually everything skyrocketing because, as we are told, the price of oil is rising exponentially, Congress has done everything within its power to hold wages down, bust unions, and give tax breaks to those who are responsible for failing banks, lending institutions, energy companies, and other "industry" owners.

So, as we are forced to live on less, and pay more for everything that we need to survive, the fat cats are living in luxury and laughing at the rest of us.

Nationalize all industries that supply the basic necessities of life, provide employment with a living wage for all who can work (and subsidize the disabled), and tax the ever living shit out of all other industries and providers.

It offends me tremendously when I hear people on 'Corporate Welfare" refer to the poor as "a drain on society". When I know for a fact that they draw thousands and more every month from a government agency for doing little if anything for it, my sensibilities and moral compass are offended.

If "the American Dream" has given them so much, they should not mind giving back. If they do, then of course it is they who are the true "drain on society".