Workers Action has a new article by Shamus Cooke titled “The Super Rich Reinvent U.S. Capitalism.” “As U.S. corporate profits soar to record highs, food stamps for the neediest were quietly cut. The politicians who are demanding endless cuts to social programs — Democrats and Republicans alike — insist that the U.S. is broke, all the while conveniently ignoring the mountains of tax-free wealth piling up in the pockets of the super rich. “This newest flood of cash for the nations wealthiest 1% is a blatant government subsidy: the Federal Reserve continues to pump out an extra $75 billion a month, the vast majority of which fattens the already bursting overseas bank accounts of the rich. Since Obama has been president this pro-corporate policy has helped funnel 95 percent of the nations new income to the wealth-soaked rich.” workerscompass.org/the-super-rich-reinvent-u-s-capitalism/
Posted on: Mon, 11 Nov 2013 21:48:57 +0000
Recently Viewed Topics
© 2015