Infuriating Facts About Our Disappearing Middle-Class Wealth

From Bill Moyers: A recent posting detailed how upper middle class Americans are rapidly losing ground to the one-percenters who averaged $5 million in wealth gains over just three years. It also noted that the global 1 percent has increased their wealth from $100 trillion to $127 trillion in just three years. The information came from the Credit Suisse 2014 Global Wealth Databook (GWD), which goes on to reveal much more about the disappearing middle class.

. http://billmoyers.com/2014/11/04/infuriating-facts-disappearing-middle-class-wealth/

This morning in our Toledo Blade was an op ed by Charles Krauthammer. I believe that it was the first time he has failed to pound President Obama. Instead, he challenged his fellow right-wingers in Congress to “govern.” Really? I don’t think they know how! One of his suggestions, unsurprisingly, was to lower corporate tax rates. Another was to loosen regulations- the usual package of BS foisted on the ignorant masses. He went on and his dedicated readers were fully fed. Burp!

Two editorialists, Moyers and Krauthammer, with two totally opposite points of view. Which one sparks the soul of the middle class

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2 thoughts on “Infuriating Facts About Our Disappearing Middle-Class Wealth

  1. – The 25 least populated states make up only 16% of the total population, but that translates to 50% of the U.S. Senate. And guess what party these mostly rural states elect?
    – In the 2012 election for the U.S. House, 51% of votes cast were for Democrats, but Democrats only made up 46% of the House membership. Who says gerrymandering is out of control?
    – The 2014 General Election had the lowest voter turnout since 1942, the first General Election held during World War II. Now guess which political party is known for poor voter turnout.
    – My biggest surprise? Mandel got easily re-elected even though we all knew he was a crook in 2010. Of course you can’t forget DeWine taking credit for all those rape cases being tested (he had NOTHING to do with that).
    – And finally, my mother. She told me she expects “things to get better” after this election. I then pointed out that the Republicans want to DECREASE Social Security and privatize Medicare. She didn’t have a clue what I was talking about or how that would affect her (she is a good bell-weather for most seniors).

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