Showing posts with label inequality. Show all posts
Showing posts with label inequality. Show all posts
Saturday, April 7, 2012
Tuesday, April 12, 2011
IT'S A STIGLITZ KIND OF DAY
The top 1 percent have the best houses, the best educations, the best
doctors, and the best lifestyles, but there is one thing that money
doesn’t seem to have bought: an understanding that their fate is bound
up with how the other 99 percent live. Throughout history, this is
something that the top 1 percent eventually do learn. Too late.
- by Joseph E. Stiglitz, Vanity Fair.
Do you know we could eliminate half the predicted shortfall in the national budget by simply failing to renew
the Bush tax cuts? Do you know that if corporations were taxed at a
fair rate, much of the rest could be found? General Electric recently
reported it paid no current taxes. Why do you think that was?
Why do middle and lower class Tea Party members not understand that they bear an unfair burden of taxes that should be more fairly distributed? Why do they support those who campaign against unions and a higher minimum wage? What do they think is in it for them?
- from: The One-Percenters, Roger Eberts Journal.
The fruits of the toil of millions are boldly stolen to build
up colossal fortunes for a few, unprecedented in the history of mankind; and the
possessors of these, in turn, despise the republic and endanger liberty.
From
the same prolific womb of governmental injustice we breed the two great classes - - -
- - - tramps and millionaires.
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