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The 6 Economic Facts of Life in America That Allow the Rich to Run off...
12-10-2012, 05:22 PM
Post: #1
The 6 Economic Facts of Life in America That Allow the Rich to Run off...
The 6 Economic Facts of Life in America That Allow the Rich to Run off with Our Wealth

http://www.alternet.org/economy/6-econom...our-wealth

From the article:
Quote:Do you ever wonder why it takes the average family 47 years to make as much as a hedge fund honcho makes in one HOUR?

Does it bother you that in 2010, after the crash, the top 25 hedge fund chiefs made as much as 685,000 teachers who educate 13 million children?

Are you worried that cutting government debt means raising your social security eligibility age and cost of living adjustment, so that you have to work longer and receive lower retirement benefits?

Have no fear. The super-rich are spending hundreds of millions of dollars to sell you their economic fabrications. Why so much inequality? They say because the rich have the most important skills and you don't. Why so much unemployment? They say it's because our skimpy unemployment insurance keeps people from looking for work. Why so much government debt? They say it's because you have too many "entitlements." Why the Wall Street crash? They blame poor people for buying homes they couldn't afford.

In short, the super-rich want us to believe that any effort to tax them a bit more or control Wall Street will only kill more jobs and harm our economic well-being. And most of all they don't want us to know the six economics facts of life that explain how the super-rich are running away with our nation's wealth.

...

They have an excellent marketing campaign. The rich are referred to as "job creators" and need to be left alone and not taxed heavily by gov't to create jobs. Where are the jobs? This campaign of misinformation is disturbing.
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