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Mon Feb 18, 2013, 05:14 PM

The Lamest Excuses Money Can Buy


Published on Monday, February 18, 2013 by Common Dreams
The Lamest Excuses Money Can Buy

by Paul Buchheit


As we try to grasp the reasoning behind cuts to life-saving programs while billion-dollar incomes and trillion-dollar profits are being made, we must understand that extreme wealth deadens parts of the brain. Empathy and honesty go first. Then rationality, as evidenced by some of the outlandish excuses given by the very rich for their abuses.

Excuses for Inequality

Here's what Goldman Sachs adviser Brian Griffiths said about it: "We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all."

U.S. wealth distribution has become so extreme that nearly half of America has, on the average, ZERO WEALTH (debt exceeds assets). As for income, the richest 1% seemed to perform the impossible from 2009 to 2011, capturing MORE THAN 100% of the new income gains (income decreased for the other 99%).

As irrational as it might seem to find an excuse for all this, the Heritage Foundation is up to the task, claiming that poor Americans are actually doing quite well with their TVs and air conditioners. Never mind that debt for the poorest quintile of Americans averages $27,000 more than their possessions. ..............(more)

The complete piece is at: http://www.commondreams.org/view/2013/02/18-2



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Reply The Lamest Excuses Money Can Buy (Original post)
marmar Feb 2013 OP
Laelth Feb 2013 #1
Scuba Feb 2013 #2
King_Klonopin Feb 2013 #3

Response to marmar (Original post)

Mon Feb 18, 2013, 06:25 PM

1. k&r for exposure. n/t

-Laelth

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Response to marmar (Original post)

Mon Feb 18, 2013, 07:21 PM

2. So per Griffiths, the poorer you are the more opportunity you have.

As for the "achieving greater prosperity" part, that's just for him.

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Response to Scuba (Reply #2)

Tue Feb 19, 2013, 05:31 AM

3. That's It :

Plenty of opportunity.
and
Zero actualization.

100% vs 0% is defined as "inequality we have to accept"

"Inequality" ?

Having Everything vs Getting Nothing.

Yup. And the sun is just a little bit bigger than the moon.

Clueless, shameless, heartless and useless POS.

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