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News for Norther Colorado and the world

Thursday, July 10, 2014

Posts Tagged ‘rich’

Bye, Bye American Dream!

  Bye, Bye American Dream! U.S. Economic Inequality Is Permanent, Study Finds By Steven Rosenfeld Analysis of two decades of income tax trends also find the rich consume more. A new study by a team of economists in academia and the government has concluded that economic inequality is a permanent—not temporary—feature in the United States, based on an analysis of 350,000 federal income tax returns between 1987 and 2009. “For household income, both before and after taxes, ... Full Story

Revolt of the Rich

Revolt of the Rich

Our financial elites are the new secessionists. By Mike Lofgren It was 1993, during congressional debate over the North American Free Trade Agreement. I was having lunch with a staffer for one of the rare Republican congressmen who opposed the policy of so-called free trade. To this day, I remember something my colleague said: “The rich elites of this country have far more in common with their counterparts in London, Paris, and Tokyo than with their fellow American citizens.” That ... Full Story

Reaganomics

Reaganomics

Right Off A Cliff: Defense Against Republican Ignorance

Super Rich buying the White House

Super Rich buying the White House

                  Anonymous Donor Writes Huge Check To GOP — Thanks, Citizens United! By Robin Marty Someone out there is so intent on making sure that President Barack Obama doesn’t serve a second term in office he or she is willing to shell out big cash to prevent it. Who?  Well, we’ll probably never know. According to the Washington Post, an anonymous $10 million donation was made to Karl Rove’s super ... Full Story

American middle class: dead?

American middle class: dead?

Professor Starr writes about the "Hourglass Economy," one in which the economy consists mainly of the rich and the poor with only a small middle class. Examples of this type of economy abound. Many South American and African countries come to mind. Without a strong and prosperous middle class, the United States is destined to become a third-rate nation. America will not longer be a world power or a major player in world economics. This will mark the end of the "American Dream" and the ... Full Story

With Liberty and Justice for Some

With Liberty and Justice for Some

    By :Glenn Greenwald Book Excerpt As a litigator who practiced for more than a decade in federal and state courts across the country, I’ve long been aware of the inequities that pervade the American justice system. The rich enjoy superior legal representation and therefore much better prospects for success in court than the poor. The powerful are treated with far more deference by judges than the powerless. The same cultural, socioeconomic, and demographic ... Full Story

Class Warfare: Q&A

Class Warfare: Q&A

  With all the talk about class warfare the commentary on the Rasmusen Reports is enlightening. It is also enlightening that when ever the subject is brought up by conservatives, it is made to sound that class warfare is bad. The Koch brothers and their ilk are, and have been actively engaged in class war fare for some time now yet there has been no hue and cry from the conservatives. Why is it that when the less affluent want more it is class war fare and when the wealthy want more it ... Full Story

The class warfare the rich don’t understand

The class warfare the rich don’t understand

    Al Jazeera The class warfare the rich don't understand   The Masters of the Universe evaded responsibility and defiantly demanded more sacrifice from their victims, says author. By Heather Digby Parton, Last Modified: 10 Oct 2011 09:43 "Those who own the country ought to govern it." - Founding father, John Jay   There have been rumblings in the corners of the Tea party movement for some time, but the minute president Obama announced that he was going to ask ... Full Story

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