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Thu Jun 27, 2013, 02:14 AM

6 Facts About Hunger That Demonstrate the Shameful Excesses of American Capitalism

1. Congress wants to cut a food program that feeds low-income children.

According to the Department of Agriculture, 48% of Supplemental Nutrition Assistance Program (SNAP) recipients in 2011 were children. Either unaware or indifferent to this, Congress is considering a new farm bill that would cut food assistance by $2 billion a year while boosting the farm subsidies of big agriculture.

2. Some individuals make enough in two seconds to pay a SNAP recipient’s food bill for an entire year.

Americans Bill Gates, Warren Buffett, Larry Ellison, two Kochs, and four Waltons made an average of $6 billion each from their stocks and other investments in 2012. A $6 billion per year person makes enough in two seconds (based on a 40-hour work-week) to pay a year’s worth of benefits to the average SNAP recipient. Just 20 Americans made as much from their 2012 investments as the entire SNAP budget for 47 million people.

Capitalism encourages an individual to make as much money as possible, even without producing anything. Most Americans accept that. But questions should be raised about a system that allows the yearlong needs of a hungry person to flash by in two seconds of an investor’s life.

3. McDonald’s profits are double the total wages of all its food servers.

McDonald’s has 440,000 employees, most of them food servers making the median hourly wage of $9.10 an hour or less, for a maximum of about $18,200 per year. The company’s $8 billion profit, after wages are paid, works out to the same amount: $18,200 per employee.
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more: http://blog.usw.org/2013/06/26/6-facts-about-hunger-that-demonstrate-the-shameful-excesses-of-american-capitalism/

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Reply 6 Facts About Hunger That Demonstrate the Shameful Excesses of American Capitalism (Original post)
limpyhobbler Jun 2013 OP
NYC_SKP Jun 2013 #1
DeSwiss Jun 2013 #2
ReRe Jun 2013 #3
ReRe Jun 2013 #4

Response to limpyhobbler (Original post)

Thu Jun 27, 2013, 02:21 AM

1. K/R. (nt)

 

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Response to limpyhobbler (Original post)

Thu Jun 27, 2013, 05:00 AM

2. It gets worse.....

 

[center]CAPITALISM WARPS EVERYTHING
According to a study published by the National Institute of Diabetes and Digestive and Kidney Diseases, Americans waste about 40% of all food produced in the United States. It is also estimated that 70% of all fresh water consumption in the US is attributed to the agricultural production; which means that food waste alone accounts for one quarter of ALL the water consumed within the US. Furthermore, given that the average farm requires 3 kcal of fossil fuel energy to produce 1 kcal of food (before accounting for energy requirements of food processing and transportation) wasted food accounts for roughly 300 million barrels of oil per year. link[/center]

- This system of ours is expert at creating scarcities where none truly exists. Nature always gives more than we could ever need. But you can't make a profit like that......

K&R

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Response to DeSwiss (Reply #2)

Thu Jun 27, 2013, 07:24 AM

3. Your last sentece reminds me of...

Buckminster Fuller.

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Response to limpyhobbler (Original post)

Thu Jun 27, 2013, 07:26 AM

4. K&R

Yeah, we could have saved the world.

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