“Super Rich Get Richer, Everyone Else Gets Poorer”

24 09 2010

UPDATE: See Edge dot org for its consensus document on “The New Science of Morality” complete with dissenters, all smart stuff. More on this later, I feel sure!
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New today but not really news, is it?

“The Super Rich Get Richer, Everyone Else Gets Poorer, and the Democrats Punt”:

“For example, Charles and David Koch, the energy magnates who are pouring vast sums of money into Republican coffers and sponsoring tea partiers all over America, each gained $5.5 billion of wealth over the past year. Each is now worth $21.5 billion.

Wall Street continued to dominate the list; 109 of the richest 400 are in finance or investments.

From another survey we learn that the 25 top hedge-fund managers got an average of $1 billion each, but paid an average of 17 percent in taxes (because so much of their income is considered capital gains, taxed at 15 percent thanks to the Bush tax cuts).

The rest of America got poorer, of course. . .”

Remember homeschooling math whiz dad Rolfe Schmidt?

Just imagine the good jobs that would be created, the innovation we would see, the wealth that would be created if we actually funneled all these banker giveaways into science, the arts, and education.

But no, it is more important to preserve the status quo, preserve income inequality, and do what we can to make debt slaves out of our populace.

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