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USA Doesn't Realize How Badly It's Getting Screwed by the Top 0.1% Hoarding the Country's Wealth [View All]

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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-15-11 10:00 AM
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USA Doesn't Realize How Badly It's Getting Screwed by the Top 0.1% Hoarding the Country's Wealth
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Tomorrow Is Never by Kay Sage

Americans Don't Realize Just How Badly We're Getting Screwed by the Top 0.1 Percent Hoarding the Country's Wealth

With an unprecedented sum of wealth held within the top one-tenth of one percent of the US population, we now have the most severe inequality of wealth in US history.

By David DeGraw
Amped Status/
August 14, 2011

With an unprecedented sum of wealth, tens of trillions of dollars, held within the top one-tenth of one percent of the US population, we now have the most severe inequality of wealth in US history. Not even the robber barons of the Gilded Age were as greedy as the modern-day economic elite.


The overwhelming majority of the US population is unaware of the vast wealth at hand. An entire generation of unprecedented wealth creation has been concealed from 99 percent of the population for over 35 years. Having never personally experienced this wealth, the average American cannot comprehend what is possible if even a fraction of the money was used for the betterment of society.

Given modern technology and wealth, American citizens should not be living in poverty. The statistics demonstrate that we now live in a neo-feudal society. In comparison to the wealthiest one-tenth of one percent of the population, who are sitting on top of tens of trillions of dollars in wealth, we are essentially propagandized peasants.

The fact that the overwhelming majority of Americans are struggling to get by, while tens of trillions of dollars are consolidated within a small fraction of the population, is a crime against humanity.


I've become a big fan of Mr. DeGraw. He's doing a public service, chronicling the rabid Reverse Robin Hood of the last 30 years and its impact in the present day. That used to be the journalist's job to point out and government's responsibility to correct.
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  -USA Doesn't Realize How Badly It's Getting Screwed by the Top 0.1% Hoarding the Country's Wealth Octafish  Aug-15-11 10:00 AM   #0 
  - I'd be grateful to shine their shoes for a crust of bread nt  flamingdem   Aug-15-11 10:03 AM   #1 
  - Yeah! Yeah! Yeah!  Octafish   Aug-15-11 10:16 AM   #5 
  - Wow, that's an high philosophy for a comic book! nt  flamingdem   Aug-15-11 11:22 AM   #13 
  - 1996 -- FWIU the idea was the post-war irradiated populace'd be manipulated by surviving uberclass.  Octafish   Aug-15-11 01:12 PM   #21 
  - WARREN BUFFETT SAYS....... MAKE ME PAY HIGHER TAXES!!!!!  trueblue2007   Aug-15-11 07:27 PM   #49 
  - you wouldn't believe how often i hear that attitude from working class people.  KG   Aug-15-11 04:19 PM   #34 
  - Apparently that is in the plans.........nt  Enthusiast   Aug-15-11 05:39 PM   #42 
  - They're scumbuckets. They've raped the country, stolen from it, and are now starving it nt  Sarah Ibarruri   Aug-15-11 10:04 AM   #2 
  - How to break and control an animal.  Octafish   Aug-15-11 10:18 AM   #6 
  - Want to know what upsets me more than what sob's the mega-rich are? The poor that defend them. nt  Sarah Ibarruri   Aug-15-11 10:21 AM   #9 
     - that's what happens with a culture that glamorizes the rich  alp227   Aug-15-11 11:52 PM   #58 
  - Where is the wealth?  RuthK   Aug-16-11 08:34 AM   #67 
  - It's our policy of borrowing money and handing it out to the rich  Mr Deltoid   Aug-15-11 10:06 AM   #3 
  - When the Durango 95 runs out of petrol.  Octafish   Aug-15-11 10:20 AM   #8 
  - Well, thank you!  Mr Deltoid   Aug-15-11 10:31 AM   #10 
  - As I like to call them "Reverse Robin Hoods".  Initech   Aug-15-11 12:36 PM   #19 
  - I call them X-treme hoarders.  xxqqqzme   Aug-15-11 04:54 PM   #36 
  - Good idea for a television series  me b zola   Aug-15-11 05:02 PM   #38 
  - We should have them featured on the show. I'd gladly clean up their mess!  Initech   Aug-15-11 06:08 PM   #43 
  - That would be "Hoods Robin Us" .  blank space   Aug-15-11 07:25 PM   #48 
  - It stops when we have a party that defends us -- and a president who is non-corporate -- !!!  defendandprotect   Aug-15-11 02:16 PM   #26 
  - I think it's as simple as this:  snappyturtle   Aug-15-11 10:15 AM   #4 
  - At the same time the nation engages in wars without end it gives the rich tax breaks without end...  Octafish   Aug-15-11 03:34 PM   #31 
  - Maybe someone can help me find a piece of data.  AnnaLee   Aug-15-11 10:18 AM   #7 
  - All you have to do is add "for them, not us" to any of their claims, to get to the truth.  begin_within   Aug-15-11 10:41 AM   #12 
  - This UCSC professor's page may be of help...  Octafish   Aug-15-11 03:36 PM   #32 
  - kr  amborin   Aug-15-11 10:34 AM   #11 
  - I wish they'd go after JUST the top earners  formernaderite   Aug-15-11 11:46 AM   #14 
  - I think you are looking at that wrong  hfojvt   Aug-16-11 12:50 AM   #60 
  - "we are essentially propagandized peasants."  ljm2002   Aug-15-11 12:02 PM   #15 
  - Kicked and recommended.  Uncle Joe   Aug-15-11 12:13 PM   #16 
  - Time to open Easy G's Discount Pitchforks & Torches Emporium!  Initech   Aug-15-11 12:33 PM   #17 
  - LOL  Marrah_G   Aug-15-11 01:19 PM   #22 
  - lol - I like pitchfork threads nt  flamingdem   Aug-15-11 11:16 PM   #56 
  - Recommended.  madfloridian   Aug-15-11 12:35 PM   #18 
  - This OP should be required reading. K&R nt  TBF   Aug-15-11 12:54 PM   #20 
  - I agree. Recommend  Better Believe It   Aug-15-11 02:05 PM   #23 
  - Thanks for this post, Octafish!  LongTomH   Aug-15-11 02:09 PM   #24 
  - At least the Robber Barons were building railroads and  alfredo   Aug-15-11 02:12 PM   #25 
  - A very good point, Alfredo!  LongTomH   Aug-15-11 02:17 PM   #27 
     - I call it treason. They know they are hurting America, but  alfredo   Aug-15-11 02:20 PM   #28 
  - A hundred years of red baiting is not without effect. n/t  blindpig   Aug-15-11 02:30 PM   #29 
  - I'm not sure those at the very top  Turbineguy   Aug-15-11 02:32 PM   #30 
  - You are very naive -  TBF   Aug-15-11 04:42 PM   #35 
  - The political class are the middle managers, for the Wealthy  sabrina 1   Aug-15-11 04:59 PM   #37 
  - Be sure.  grahamhgreen   Aug-15-11 05:06 PM   #40 
  - K&R  Blue Owl   Aug-15-11 04:14 PM   #33 
  - richest 400 families in USA hold $1.37 TRILLION DOLLARS.. >>LINKS>>>  dogmoma56   Aug-15-11 05:05 PM   #39 
  - K&R (n/t)  a2liberal   Aug-15-11 05:10 PM   #41 
  - time for a KICK  blm   Aug-15-11 06:26 PM   #44 
  - K&R  hay rick   Aug-15-11 06:30 PM   #45 
  - It's not just billionaires keeping us in servitude  DaveJ   Aug-15-11 07:16 PM   #46 
  - Always happy to K & R.  HughBeaumont   Aug-15-11 07:21 PM   #47 
  - OMG! I just had a great idea for a show. "Hoarders - of the USA"  JanMichael   Aug-15-11 07:29 PM   #50 
  - "Can  nineteen50   Aug-15-11 07:45 PM   #51 
  - .  baldguy   Aug-15-11 08:36 PM   #52 
  - It's all fun and games until someone wheels out the fucking Guillotine.  RagAss   Aug-15-11 08:42 PM   #53 
  - +2  flamingdem   Aug-15-11 11:18 PM   #57 
  - Which is why  chervilant   Aug-16-11 12:08 PM   #73 
  - Thanks for posting this, Octafish. REC. nt  bertman   Aug-15-11 10:17 PM   #54 
  - "Used to be the journalist's job..." No shit. A failed (owned) Fourth Estate is costing us dearly.  HCE SuiGeneris   Aug-15-11 11:01 PM   #55 
  - Well, Texas is creating so many jobs they're #1! Woofuckinghoo!  lonestarnot   Aug-15-11 11:56 PM   #59 
  - The only money that corporations are spending is the money that they are using to buy politicians  Horse with no Name   Aug-16-11 01:00 AM   #61 
  - K&R  ck4829   Aug-16-11 04:53 AM   #62 
  - k&r  TheUnspeakable   Aug-16-11 06:25 AM   #63 
  - Big time K&R...  disillusioned73   Aug-16-11 07:23 AM   #64 
  - At least they didn't steal a telly in Essex.  RUMMYisFROSTED   Aug-16-11 07:57 AM   #65 
  - K & R  orbitalman   Aug-16-11 08:32 AM   #66 
  - It's the "New World Order"  Hubert Flottz   Aug-16-11 08:43 AM   #68 
  - Recommended.  H2O Man   Aug-16-11 08:44 AM   #69 
  - It really has been frustrating how much of our broadcast media supports GOP lies.  Overseas   Aug-16-11 09:14 AM   #70 
  - The inebitable solution.  Eljo_Don   Aug-16-11 09:37 AM   #71 
  - K&R There are too many people in the USA that...  PhoenixAbove   Aug-16-11 09:39 AM   #72 
  - I missed the Rec window, but here's a Kick.  Ignis   Aug-16-11 02:33 PM   #74 
     - and another  blm   Aug-17-11 11:01 AM   #75 

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