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Posts Tagged ‘innovative accounting’

How Corporate America Pushing People Over the Edge

Posted by feww on May 5, 2013

U.S. Suicide rate quadrupled under Obama Presidency

More Americans now die of suicide than in car accidents. In 2010 there were 38,364 reported suicides and 33,687 deaths from motor vehicle accidents in the U.S.

[NOTE: An unknown percentage of fatal accidents may be incidents of suicide.]

Between 1999 and 2010, the suicide rate among Americans aged 35 to 64 increased by 28.4%, from 13.7 per 100,000 population to 17.6 , according to CDC.

  • The suicide rate for middle-aged men surged to 27.3 deaths per 100,000 (from 21.5), while for women it was 8.1 deaths per 100,000.
  • Suicide rates climbed significantly across all four geographic regions and in 39 states, with Wyoming reporting the highest increase, a 78.8 percent jump to 31.1 per 100,000.

Despite the massive reported increases in suicide rates, some experts believe the actual rates are much higher.

“The boomers had great expectations for what their life might look like, but I think perhaps it hasn’t panned out that way,” said Julie Phillips, an associate professor of sociology at Rutgers University. She warns that the number is actually even higher. “We know we’re not counting all suicides… It’s vastly under-reported.”

A steady increase in suicide rates between 1999 and 2007 suddenly intensified to a four-fold hike from 2008 to 2010, under the Presidency of Mr Obama, America’s “Corporate President.”

The surge in the U.S. suicide rates occurred at the same time as the Great Recession precipitated in the late 2008.

“The increase does coincide with a decrease in financial standing for a lot of families over the same time period,” said Aaron Reeves , a UK researcher.

In 2010, “the top 1% captured 93% of the income gains … Such an uneven recovery can help explain the recent public demonstrations against in equality,” says a report titled, Striking it Richer: The Evolution of Top Incomes in the United States.

Do you pay more Federal Income Taxes than Facebook, Southwest Airlines, GE, Pepco…

10 corporates - CTJ
YES, You do
! Many of the
profitable Fortune 500 companies in a range of sectors of the U.S. economy manipulate the tax system to avoid paying even a dime of tax on billions of dollars in profits. In fact, some of them receive tax benefits. Source: Citizens for Tax Justice (CTJ).

During the Great Recession,  some 4 million homes were foreclosed, while many US corporations, some of which were rescued by taxpayer-funded bailout, avoided paying any taxes on their earnings, thanks to fierce lobbying for tax breaks and innovative accounting.

“Is the rash of suicides across a broad spectrum of the American population a direct result of the wealth hoarding by the top income earners – many of them US corporate ‘individuals’? Since it is clear that Monsters Inc. have all but hijacked the American dream, not to mention the US political process, the evidence seems to point in that dark direction.”

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