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Inequality hurts everyone apart from the super-rich and here's why
Another View: Is the U.S. economy returning to the gilded age of aristocracy?
Occupy Amazon: Elizabeth Warren, Thomas Piketty, Michael Lewis Books Surging Online
Krugman: Economist exposes U.S. myth of meritocracy
Heres Why This Best-Selling Book Is Freaking Out the Super-Wealthy
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2naSalit
(86,646 posts)Doctor_J
(36,392 posts)Enthusiast
(50,983 posts)When they rigged the G W Bush presidential election it was a signal to the rest of us that any meritocracy pretenses were out the window.
Doctor_J
(36,392 posts)and rest my case.
freebrew
(1,917 posts)Mondavi
(176 posts)it would be wise not to underestimate their abilities in that regard.
rhett o rick
(55,981 posts)all for him.
Mondavi
(176 posts)elzenmahn
(904 posts)...the very existence of a large aristocracy, which is what we're fast approaching, puts the lie to the sham.
gademocrat7
(10,659 posts)lame54
(35,293 posts)FailureToCommunicate
(14,014 posts)BlancheSplanchnik
(20,219 posts)Enthusiast
(50,983 posts)Well. Someone needs to get the message out there.
How about we stop operating the government and economy as if trickle down is a viable strategy?
lame54
(35,293 posts)Auggie
(31,173 posts)Aldo Leopold
(685 posts)and the writing's a bit simplistic, but the book is absorbing and surprisingly powerful. I hope it leads to some progressive change in this country.
hfojvt
(37,573 posts)It does exactly what it was DESIGNED to do - it puts more money in the pockets of the rich. Or maybe I should say the vaults of the rich.
In that respect, it works like a charm.
Joe Shlabotnik
(5,604 posts)Junkdrawer
(27,993 posts)Junkdrawer
(27,993 posts)Something is very, very wrong.
And then there's the profits from financing overseas adventures....
JDPriestly
(57,936 posts)mdm646
(19 posts)Say what you want but the law is still the law and was cemented into place by the current administration. What a waste of a vote
passiveporcupine
(8,175 posts)Last edited Mon Apr 28, 2014, 04:14 PM - Edit history (2)
A few points from the articles listed in the OP about Piketty's book.
The Guardian:
Most important, it is rooted in the facts of inequality that cry out for explanation.
The Demoines Register:
From Krugman:
Time
Never mind. I cannot keep doing this...there is too much I have to leave out due to rules of quoting. The message I have for everyone who cares about what is happening to the health of America today, is read this damn book...NOW! (or as soon as you can get it ) Also, read the links in the OP.
This is going to be a book that turns the tide of American thinking concerning wealth and growth.
cprise
(8,445 posts)They are all about using 'free trade' to skirt labor and environmental laws and appointing corporate lobbyists to regulatory positions within the government.
That is not to mention the zeal with which they adopted the Drug War cry... prison expansion is major part of their legacy.
Let this post be an indicator of just how rotten is the Clinton wing of the Democratic party.
elzenmahn
(904 posts)...and the more time goes by, the worse Bubba looks - and that's without the misadventures with the Blue Dress.
Now his wife will likely be the Dem nominee.
I'm getting tired of this bullshit.
Mondavi
(176 posts)corporate money. They're all guilty.
pansypoo53219
(20,978 posts)lovemydog
(11,833 posts)double or triple the marginal tax rate on the rich, and close loopholes for big corporations.
JackRiddler
(24,979 posts)Because, of course, it's only gotten worse. The 1% continue to own more and to run more, every year.
This is thanks in large part to the immunity and bailout of the financial sector (a.k.a. "Wall Street" despite its having been the site of some of the greatest in-your-face economic villainy ever seen. That would be the most important continuity between the Bush and Obama years.
pkdu
(3,977 posts)polynomial
(750 posts)We the people have only one way to deliver a Coup De grace to the one percent. That is to deliver the mortal blow by voting in the next election. Then to see if the Democrats will do something cool like throw a huge bunch into the slammer. We should be talking about thousands of criminal free speech money/ tea baggers.
The whole system is based on wreck-less convoluted indemnity agreements that span the spectrum from that mysterious secret derivative market which Wall Street made off with trillions of dollars disappearing into secret bank accounts. The easy money in the black hole of the secret Federal Reserve pipelined to secret Swiss bank accounts. Then you have basic insurance and land title fraud derivative swaps. All still veiled in the background intensely avoided by the mainstream media.
The three winners of all time profiteering is the free speech is money, home loan derivative title fraud, and the deception to undermine free healthcare in America. Of course five dollar a gallon gas is following close.
It puzzles me why Americans are still "Howdy Duty Time" dumb while searching to be computer polynomial time smart, because the Cayman Islands loaded with corporate postal address are a tax haven known for the last century. Its no wonder the bipolar political fascist need to privatize the post office to get that profiteering money faster.
Isnt that a British territory that begs the debate in here the money profiteered not only does not trickle down but geysers up to the top like old faithful at Yosemite Park, or scatters up like oil gushing strike or a broken pipeline that isnt any corporate fault but the tax payers.
SunSeeker
(51,564 posts)But at some point the Republicans all fell in line. Now, you can't find an elected Republican who doesn't tow the trickle-down economics line.
Initech
(100,079 posts)About what "no shit Sherlock" means.
blkmusclmachine
(16,149 posts)expecting them to actually BE Democrats! ...
rhett o rick
(55,981 posts)They are afraid to risk their comfortable bubble for the chance of improving life for the millions suffering.