Black Underworld Inc. – Part III

In Part II of Black Underworld Inc., the economic repercussions of foreign and American exploitation in Central America has sired many, if not most of our modern illegal immigration-refugee problems at our southern border. Economic indicators over 35-years show substantial income per capita inequality in Texas, the state that makes up half of the southern border as well as one of four states that immigrants-refugees might first enter. The reality is most illegal immigrants enter the U.S. through points-of-entry like airports and seaports, and stay well beyond their visas when here then disappear into the general population. A tiny percentage actually gain entrance through our southern border.

∼ ∼ ∼ § ∼ ∼ ∼

According to the U.S. Bureau of Labor Statistics there are five (5) sectors driving the current national economy and have been for many years. Construction and Retail/Service are #3 and #4 respectively. Both of these U.S. industries illegally hire tens of thousands of low-wage workers via contractors, subcontractors, by mid-size and small businesses. Mega-corporations rarely do because they are high profile and therefore utilize buffer methods, or scapegoat contractors. In Texas and the U.S. this unprincipled, illegal labor finessing has become a booming underworld relationship, benefiting America’s upper 10% – 20% along with the mega-corporations or companies they own or are employed by.

The fact that the other three big driving GDP sectors of the U.S. economy—healthcare, technology, and non-durable manufacturing—demand highly educated, degreed, sector-specific experienced workers able to garner high wages. This trend has another domino effect. Sparse high-wage jobs channel most U.S. citizens or Texans without the under or post-grad degrees, or impeccable industry-experience into low-wage construction or retail/service occupations once again profiting the upper 1% – 20% of the nation’s population. This in turn contributes to America’s amassing economic inequality and a host of other domestic hardships and unlawful markets.

The More Extreme the Inequality, the More Extreme the Converse Abuses and Crimes

The majority of the U.S. economic wealth in 2014 was accumulated in 18 firms or corporations. The Hill reports:

[Those 18 firms hold] 36 percent of all wealth last year, a jump from 27 percent in 2009 with the gap expected to widen further, according to a report from Standard & Poor’s, a New York-based credit rater.

That means that out of a record $1.53 trillion in cash and short-term investments held by U.S. corporations the wealthiest 18 held about $535 billion.

“In our view, current U.S. corporate tax policy and accommodating credit market conditions have been primarily responsible for this growing wealth gap,” the report said.

Furthermore, the wealthiest top 20 percent held 89 percent of total cash, leaving only 11 percent for the bottom 80 percent of firms.

The top 1 percent are mostly investment-grade businesses — Microsoft, Google, Cisco, Apple, Oracle, Ford, Coca-Cola and Boeing — and are concentrated in technology and healthcare industries.

By utilizing advantages of foreign deposits and other minor investments, these 18 wealthiest corporations mostly or completely avoid their ethical and taxable obligations back home.

The corporate analysis shows that the top 1 percent gets about 55 percent of its revenues offshore, and that more than half of the cash flow is generated overseas, as well.

That cash is rarely brought onshore because of the U.S.’s 35 percent tax rate, which would be on top of the taxes paid in the country in which the revenue was generated.

“As a result, overseas cash continues to accumulate untouched,” the report said.

US-wealth-distribution-chart-07-16

click here to enlarge

Before stepping into the lethal venomous part of BU Inc., it is critical for readers to fully grasp the gravity of obscured, illegal American labor practices and abuses onto economically average and below-average Texas and U.S. citizens. This cannot exclude exploitation of abundant undocumented workers and the corporate evading of fair, compulsory reinvestment back into our nation’s general well-being via effective statutory tax rates. I am hence obliged to drive home how grim this toxic disparity has become, how misconstrued Americans perceive it and the ulcerating consequences of the American (and Texas) naïvety or shirking of the elephant in the room.

In order for a single person to live alone safely and comfortably in 50 of the biggest U.S. cities one must earn (in 2014) an average of $57,879 per annum—in Texas’ seven largest cities it is an average per annum of $50,686 with San Antonio the lowest and Houston the highest, $46,238 and $60,795 respectively. As I noted in Part II, the per capita annual income of Texans in 2017 was only $28,985 for about roughly ±25-million Texans. The American population, according to a 2011 study, of any political persuasion grossly underplays the nation’s true wealth inequality.

And so as the elephant of growing severe inequality continues to lounge unimpeded in our room of false patriotic optimism, then the horrors of the darkest parts of BU Inc. here in our own backyard will continue to feast and cannibalize our malnourished middle and lower classes.

Essentially, the wealthy possess greater financial opportunities that allow their money to make more money. Earnings from the stock market or mutual funds are reinvested to produce a larger return. Over time, the sum that is invested becomes progressively more substantial. Those who are not wealthy, however, do not have the resources to enhance their opportunities and improve their economic position. Rather, “after debt payments, poor families are constrained to spend the remaining income on items that will not produce wealth and will depreciate over time.” Scholar David B. Grusky notes that “62 percent of households headed by single parents are without savings or other financial assets.” Net indebtedness generally prevents the poor from having any opportunity to accumulate wealth and thereby better their conditions.
Causes of Wealth Inequality, Wikipedia, accessed Feb. 24, 2019

Whether the abuses and crimes take place on this side of our southern border or just across it in Mexico or clear down to Colombia in South America and everywhere in between—a small part in a enormous picture is not a “crisis” and especially not a national emergency—then we native-born U.S. citizens, our corporations, and our federal and state governments have a major role in how we address, reduce, and cure ourselves of the venom and pestilence we have helped create and sustain. Vague political rhetoric does not make the beast go away.

Tentacles of Our BU Inc. Monster

There are at least fourteen (14) known tentacles to this insatiable monster. Its den of Lords, its associates and offspring are too numerous to count and as difficult to identify. Ignored for so many decades and as many to prepare and countervail, the BU Inc. beast has slithered into a litany of feeding grounds. Some are familiar I assume, others maybe not so much:

Tentacles of the Beast

I will probe only five of these tentacles since there is not enough time to probe all fourteen and I could not do each justice and the exposure they deserve in this series. However, if you would like to read brief summaries of the other nine black (tentacle) markets then click here. Following are the five I believe harbor, amplify, and distribute plutocracy, not democracy, increased tyranny and the worst of human trauma and suffering to disadvantaged millions and their families. That in turn rewards the few BU Inc. kings, lords, their associates and spawn. As I soon conclude this 5-part series, next in Part IV then five, will be close up ugly and frightful looks into America’s illegal gambling, phony pharma, human trafficking, ghost guns, and the human organ trade. The nemesising black byproducts of America’s unlawful corporate grey market.

And in my conclusion (Part V) I will share some of my one-on-one personal stories of three homeless people (out of ten) I spoke with over the last 12-months. Just over a mile away from where I currently live is a part of Dallas called Preston Hollow. Further up a bit is North Dallas where the Dallas North Tollway cuts through on its way to Addison and Frisco, Texas, two suburbs that are some of the wealthiest in the DFW Metroplex. Barely over 1,400 feet from me to the south then east of 75/Central Expressway is a large number of rotating, roaming homeless persons.

I met six of them at one nearby convenient store where they often loiter hoping to receive money or food and drink. The other four I met were not too far away either. There I often purchase my car’s gasoline at another convenient store that borders one of our many city public transit rail-stations. In this area are two or three times as many homeless people roaming and loitering for the exact same help. The stark demarcations of haves and have nots within a 2 ½ square mile area is remarkable and curious. I hope you can return to read their personal stories that speak directly to what my BU Inc. series reveals:  how and why these underworld markets thrive and who suffers.

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14 thoughts on “Black Underworld Inc. – Part III

  1. These facts are startling in the extreme to those living outside America. Particularly as it is, in many ways, a reflection of the South African underbelly that is causing so many people, black and white, to head for what they see as sunnier shores. They are pouring out to Australia, New Zealand, UK, and — wherever they can — USA. Ironic.

    Liked by 1 person

    • I assume you read the previous two parts as well Colonialist. You are right. When I finish with the conclusion and illustrate conditions for 70% – 80% of Americans, the fact that the USA is sought out as “sunnier shores” or a beacon of hope and prosperity… is not only ironic, but a horrible testimony then of what many regions of the world must be like if these immigrants/refugees want to risk their lives to get HERE. THAT is an even bigger eye-opener!

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      • Is it good propaganda or simply willful ignorance that makes people outside the USA still regard it as a haven with a predominantly affluent population? I mean, these are people of good qualifications and high skills who are seeing it as preferable to local crime and corruption.

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        • A great question. I think one has to weigh the contexts of both nations, regions, economics, city/town, and family backgrounds, to name just five factors. I know of Norwegians, Dutch, Danes, Finns, Brits, Icelanders, Canadians, and most all people from well-developed countries that have no desire whatsoever to immigrate to the USofA. Their list of why’s are totally fair, justified, and usually correct. And just as important is what foreigners consider a decent-to-comfortable standard of living versus what most Americans consider it to be.

          I’ll tell you immediately Colonialist, with no reservations, that most native-born Americans — especially ones that are 3rd gen and higher — are convinced that living a substandard lifestyle, i.e. a household income of < $80,000/year with basic assets and insurances, is unacceptable. In other words that's €70,417 Euros; £60,680 Pound-sterling; R1,138,784 SA Rand; ¥8,958,320 Yen; A$113,040 Aussie dollar; and NZ$117,668 New Zealand dollar… all completely unacceptable. I know, after living on 4 of the 6 inhabitable continents on Earth, that a household income of $80k per year is a good standard of living in most parts of the world. Period!

          One of the biggest issues Americans have with a “good standard lifestyle” is square-footage living space; what they consider good-to-comfortable. The average size single-family home in the U.S. in 2015 was 2,687 sq. ft. That’s about $121 per sq. ft. or a home purchase price of $325,127! The bulk of Americans take out 30-year mortgages on these homes. Now, care to guess how many middle-class to lower-class Americans can actually afford that “standard of living”? Housing costs for a decent-to-comfortable standard of living in the U.S. is perhaps one of the #1 factors for our 30-year rise of economic inequality and it shows no signs of going down.

          So perhaps it is both “good propaganda and willful ignorance” because once a person resides here — legally or not — unless they have Superman or woman powers to resist DAILY the bombardment of business advertising and marketing that psychologically convince (brainwash?) consumers they must have this, that, and/or the entire set/package… to have a great or better standard of living, they will live quarterly to quarterly, or month to month, week to week, on the brink of collapse, bankruptcy, or forms of grey market or black market behavior to stay afloat or stay ahead of the spinning blade or log-chipper, so to speak. This is the wonderful epitome of sheer Capitalism softly regulated (or not at all) to a largely (high school or lower level) uneducated population.

          Does that answer your question? 🙂

          Liked by 1 person

    • I can’t emphasize near enough Colonialist of how Americans like/love to bury their heads in the sand (ostrich metaphor) and rarely, if not ever, look into the mirror and genuinely SEE, feel, smell, and deeply empathize what is REALLY going on in their own backyards and around the corner.

      Liked by 1 person

        • Yes. If one always wants to just see the good in everything, the eternal optimist — or unhealthy denial as I sometimes call it — then with every passing year or decade something will ALWAYS surprise you and cause some degree of damage, harm, or termination… simply because you were not realistic in your full assessment of someone/people or some events. Humans are quite excellent at theatrical acting as you alluded to.

          Liked by 1 person

  2. I was an exchange student at a German university ’71 to ’73. It was like seeing this place for the first genuine time when I returned and suffered a kind of reverse PTSD, I’ll call it RTSD: return traumatic stress disorder. Going home to the insane asylum in a way. Soldiers lucky enough to be stationed in Germany rather than Vietnam had a curious term to describe the 50 states: “back in the world.” I was there before the Baader-Meinhof bombings, a time when you could simply walk into an Army base. There was a burger joint there that looked like it had been transported in one piece from Anywhere, USA (back in the world) 🙂

    Of course, it’s only become uglier since that already-strange-enough era. You are quite on the mark with this series and I look forward to the wrap-up. Many people prefer to live their lives autonomically and spend most of their time running away from themselves, IMO.

    One coping technique that works for me is learning languages. I deliberately chose to engage with Arabic, something on the other side of European-based Orientalist presumption. Here’s one little advantage not available pre-internet: searching for terms such as “Arabisch sprechen lesen” (Arabic speak read) on YouTube and finding people who also learned German as a second language, introducing German speakers to Arabic for example. It’s a way to avoid English altogether. A soothing escape indeed. Out of this world perhaps 🙂

    Liked by 1 person

    • Apologies Bill for my delay here. I actually meant to respond the same day, but got distracted with something or a few things and at my age with dementia setting in that can be… umm, what’s the word I’m searching for? Hmmm, what was I talking about? 🤪

      I really like your idea about learning languages to cope. When I could speak very basic Portuguese in Brazil, it opened up so much more culture behind the words and expressions. You do indeed experience a lot more of the native culture when you have wider context. As our beloved Mark Twain put so succinctly:

      Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one’s lifetime.

      Thank you very much Bill for your feedback in this series. I too am looking forward to the final portion. It has been a real eye-opener for me digging into the meat, bone, and marrow of the FULL picture of our shameful relationship with Caribbean and Latin American peoples. 😦

      Liked by 1 person

  3. No apologies ever necessary, I thoroughly enjoy participating here and look forward to your challenging material.

    Everyone needs coping skills, particularly if one is not of a mind to be “vegetating in one little corner of the earth all one’s lifetime.” Mark Twain is a timeless international resource, his writings on imperial American chicanery in the Philippines accurately mirrors the geopolitical horror story. Mark Twain was also a fellow German-language sufferer. Again, timelessly accurate advice. I include a link for reference (or warning) purposes only, of course:
    https://www.daad.org/files/2016/07/Mark_Twain-Broschuere.pdf

    Liked by 1 person

  4. Pingback: Black Underworld Inc. – Part IV | The Professor's Convatorium

  5. Pingback: Black Underworld Inc. – Part II | The Professor's Convatorium

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