Locking In Inequality for Another Generation

[marmar]

from Too Much: A Commentary on Excess and Inequality:




Locking In Inequality for Another Generation
January 2, 2011

A widely overlooked provision in last month’s tax cut deal is going to speed even more wealth to America’s Paris Hilton set.

By Sam Pizzigati


Brace yourselves, young people. In 2011, you figure to face a real stinker of a year. Those of you attending America’s budget-strapped public schools are going to find yourselves packed into many more overcrowded classrooms. If you’re matriculating at the higher ed level, you’ll be laying out much more for tuition.

And if you’re entering the workforce, good luck. You’ll be competing with 15 million older — and more experienced — jobless for the fewer than 100,000 new jobs our “recovering” economy has, of late, been adding every month.

Your parents, as young people, never confronted an economic landscape this dreary. And neither did their parents. Hell of a century we have going here.



But wait, things might not actually be all that bleak. Some young people figure to do quite nicely in 2011. Indeed, some young people this year will be getting richer quicker than they could have ever imagined.

To what will these youngsters owe their sudden good fortune? Give that credit to the tax cut deal that the White House and GOP leaders bargained last month. This tax deal, as finalized just before the holidays, includes a little-noticed provision that’s going to quickly enrich the young loved ones of America’s already rich. .............(more)

The complete piece is at: http://toomuchonline.org/locking-in-inequality-for-another-generation/

[bvar22]

1. It is painfully clear....

...that the Ownership Class has WON the Class War.
It is OVER.
They OWN both major Political Parties.
Now, they are only bickering over dividing up the LOOT.

--bvar22,
Learning to Live Well on Less

[2Design]

2. +1000