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How 14 People Made More Money Than the Entire Food Stamp Budget for 50,000,000 People
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OffWithTheirHeads
(10,337 posts)Initech
(100,063 posts)And they continue to get away with it. When do we break out the pitchforks and torches?
jjewell
(618 posts)since Bush V Gore in 2000...
Triana
(22,666 posts)This country and people in it can pound on damn bibles, go to church on Sundays, and use distraction tactics to try to divert attention to gays, abortion/birth control, etc. all they want but they are only creating distraction from THIS - the true basis of human immorality (GREED).
daleanime
(17,796 posts)noiretextatique
(27,275 posts)still no federal extensions for UI, and the economy still sucks.
arcane1
(38,613 posts)Aren't we all paid directly from the personal income of the CEOs that run our companies? When my CEO forgets his wallet, we don't get paid that day!
SoapBox
(18,791 posts)Out of America...working 24/7...for pennies...even using children.
They sure are good job creators.
olegramps
(8,200 posts)If anyone thinks that it isn't going to change without a massive uprising they are delusional. Massive protests will be required and if the establishment tries to enforce the oligarchs will on the people then it justifies using opposing force to counteract their immoral hoarding of money that rightfully belongs to those who create it; the Working Class.
jeff47
(26,549 posts)When inequality reaches this level, you only need sufficient hopelessness for the poor to break out the guillotines. If you're gonna starve to death or die in a revolution, might as well revolt. There's a chance you'll win.
There's some rich folks who are starting to realize this and push for change. And then there's the Koch brothers. We'll see if the first group can become effective fast enough.
valerief
(53,235 posts)quakerboy
(13,919 posts)The 14 richest Americans received 82 billion.
They did not "make" it.
I know its common usage of that word, but it implies that they earned, deserve, or even created that wealth, which is pretty much impossible. I would bet money that none of them created the devices, drugs, or products/services that brought in the cash, either in a hands on or even in an intellectual property kinda way. They skimmed 82 billion. They took 82 billion. They did not make 82 billion.
Other than that, spot on.
arcane1
(38,613 posts)7962
(11,841 posts)The majority of the 1% actually didnt inherit their money
quakerboy
(13,919 posts)according to "United for a Fair Economy", the forbes report was wrong, and 40% of the 400 have inherited substantial wealth. It also notes that only 35% of the list came from middle or lower class, as opposed to starting off upper middle or higher.
http://www.cjr.org/the_audit/made_from_scratch.php
And even when you consider that, most of them do not really "create" themselves. By and large they skim it off of the work of others. I suppose a few have probably invented something themselves, but I rather suspect even among the truly "self made" most have not actually "made" much. More often they have been lucky in positioning at the right moment.
Dont call me Shirley
(10,998 posts)matt819
(10,749 posts)Larry Ellison bought a Hawaiian island for $300 million.
Press reports say that Ellison is worth $46 billion.
So that purchase took far less than one half of 1% of Ellison's worth.
Let's say, for argument's sake, that the average middle class American has a net worth of $100,000 (cars, equity in home, some money in the bank, etc.). One half of 1% of that comes to $500.
So Larry Ellison's island is more or less equivalent to the average middle class American's visit to Best Buy during a TV sale.
senz
(11,945 posts)Maybe that will give him something to think about...
WillyT
(72,631 posts)GeorgeGist
(25,319 posts)tartan2
(314 posts)they want more, more, more, more and more tillions!! Greed says it all.
Yavin4
(35,433 posts)If we cut their taxes even more, then maybe, just maybe, they'll open a factory here in America.
All kidding aside, this bullshit thinking is going to win the congress for the Republicans next month.
Ccarmona
(1,180 posts)The bought and paid for Congress would answer the header:"Nothing"!
senz
(11,945 posts)JEB
(4,748 posts)TrollBuster9090
(5,954 posts)person to put their massive amounts of "spare money" into an investment vehicle where you can make money WITH money.)
14 people earned 6 billion dollars each, without lifting a finger. Meanwhile, assholes like GINGRICH preach about "poor children having no habits of work."
(Gingrich Translation: Poor people are poor because they're lazy and immoral. However, what if we USED these worthless human beings to defeat one of our political enemies? Use them to bust up the Janitors Unions, by paying them below minimum wage to do the same work, and thus kill off a group that usually donates money to the Democratic Party during elections? )
Now I can see why they call Gingrich the "Idea Man" of the GOP.
santroy79
(193 posts)America is broke!