Posts Tagged ‘wealth’
Tuesday, February 18th, 2014
Evidence mounts every week that the American “have-nots” suffer new economic indignities. In our very unequal America (please hold off on the ‘American dream for everyone’ speech), wealth becomes might. The extremely wealthiest 1% benefited from the global recession of 2008. Of the wealth accumulated since then, the 1% won 95% while the bottom 90% of Americans grew poorer.
A disgusting aspect of our new Gilded Age (term coined in the late 19th century by Mark Twain) is the shamelessness of the uber rich. A case in point — Tom Perkins, a Silicon Valley venture capitalist, is making news with provocative (read hate-filled) comments that taxation is persecution of the rich by progressive akin to Nazi persecution of the Jews and, for extra effect, voting should be the privilege earned only by those who actually pay taxes. The latest outrageous comment was made at the ostensibly “serious” and credible San Francisco Commonwealth Club event titled: War on the 1%
Really? Really? The exploiters are victims??? Sounds like the bully’s faux lament.
Matt Tiabi regularly reports on new financial scams that generate obscene gobs of cash for the inventors while screwing employees of affected companies, and of course, the public.
Tags: class warfare, gilded age, income inequality, Mark Twain, Tom Perkins, wealth
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