Monday, November 26, 2012

Any questions?

The wealthy and their corporations whip middle class wingnuts into a frenzy of claims that America is disappearing into a dim socialist future, yet:

The capital gains rate has been steadily eroded since President Ronald Reagan taxed such income equal to wages in the 1980s, and the result has been rising income inequality. A January 2012 study found that low capital gains rates were the biggest driver of American income inequality, which now rivals the levels seen in countries like Ivory Coast and Pakistan. In 2010, the capital gains preference helped the richest 1 percent capture 93 percent of all income gains.
In fact, we're disappearing into a dim plutocratic future, in which life for all but the very top is never secure from privation.

There is no visible limit to the greed of the wealthy to slurp up an ever-larger share of the national economy. They don't earn it. They simply have so much already that they can take what they want.

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