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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe last 30 years ... have been better for the rich than any time or place in human history
The background to so much of the politics of the past four years is the mood of apocalyptic terror that has gripped so much of the American upper class....And what makes it all both so heart-rending and so outrageous is that all this is occurring at a time when economically disadvantaged Americans have never been so demoralized and passive, never exerted less political clout.
....Yet even so, the rich and the old are scared witless! Watch the trailer of Dinesh D'Souza's new movie to glimpse into their mental universe: chanting swarthy mobs, churches and banks under attack, angry black people grabbing at other people's houses.
It's all a scam, but it's a spectacularly effective scam. Mitt Romney tried to make use of the scam, and now instead has fallen victim to it himself.
The last 30 years in the United States have been better for the rich than any time or place in human history. High-end incomes are up spectacularly. Tax rates are down. Welfare reform has been the law of the land for 15 years. Private sector unions are all but extinct. The wages that business owners pay to their employees have been virtually flat for more than a decade. For the rich, it's been a golden age. And yet, America's wealthy class nonetheless seem to be in an absolute fury. The looters want their money, the government is resorting to socialism, the president who rescued the banking industry hates them, and their tax dollars are all going to support a bunch of freeloaders and shirkers.
Where does this come from? Why are the very people who have done the best so angry? It's mystifying.
http://www.motherjones.com/kevin-drum/2012/09/why-are-rich-so-damn-angry
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The last 30 years ... have been better for the rich than any time or place in human history (Original Post)
phantom power
Sep 2012
OP
RKP5637
(67,111 posts)1. The very wealthy are compulsive gamblers, they want all they can get, and
"the system" rewards them highly, hence, it's highly addictive. They are "money addicts."
Rider3
(919 posts)2. Indeed...
and you can thank Reagan for starting it.