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Class warfare? It is the wealthy who wage it relentlessly

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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-16-11 08:18 AM
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Class warfare? It is the wealthy who wage it relentlessly
http://www.opednews.com/articles/Class-warfare--It-is-the-by-jerry-lanson-110814-898.html

In a meticulously researched article, the Atlantic in its September issue paints a bleak picture of the future of America's middle class. But in truth the article does more: It documents the extent to which America has fractured into a country of the rich and the rest of us.

Two examples. First, author Don Peck cites a Citigroup study in 2005 that found the top 1 percent of Americans control wealth equivalent to 90 percent of the U.S. population (all but the top 10).

Secondly, he cites evidence that the pace of inequality is accelerating. He notes that from 2002 to 2007 (presumably the latest available statistics), the same top 1 percent received $2 of every $3 in additional income earned by Americans.

Think about it. The rich and their well-oiled, well-placed "representatives" in Congress regularly shout "class warfare" any time anyone suggests that perhaps they are not paying their fair share of taxes. That should make the rest of us laugh -- or sneer. Because in this age of anonymous Super Pacs, big money apparently can buy just about anything.

More at the link --
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AlmostUlyanov Donating Member (31 posts) Send PM | Profile | Ignore Tue Aug-16-11 08:31 AM
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1. Oliver Twist's England
That's what you're heading for, sad to say.
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