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News for Norther Colorado and the world

Thursday, June 20, 2024

The wealthy’s rewards

 

 

 

 

 

The study that shows why Occupy Wall Street struck a nerve

 

By Eugene Robinson
Opinion writer

The hard-right conservatives who dominate the Republican Party claim to despise the redistribution of wealth, but secretly they love it — as long as the process involves depriving the poor and middle class to benefit the rich, not the other way around.

That is precisely what has been happening, as a jaw-dropping new report by the nonpartisan Congressional Budget Office demonstrates. Three decades of trickle-down economic theory, see-no-evil deregulation and tax-cutting fervor have led to massive redistribution. Another word for what’s been happening might be theft.  Read More


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