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America's Wealthiest Are Actually Destructive Economic Parasites -- See for Yourself

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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:24 AM
Original message
America's Wealthiest Are Actually Destructive Economic Parasites -- See for Yourself
WED OCT 26, 2011 AT 10:39 PM PDT
America's Wealthiest Are Actually Destructive Economic Parasites -- See for Yourself
byPlutoFollow

If they sat in a chair for another decade -- and did absolutely nothing other than reinvest their yearly passive income -- they would end up with almost all of the remaining wealth of the nation. Through the economic magic of top-heavy compounding interest, indemnified shareholder dividends, the socialization of negligent losses in the private sector, and the lowest marginal tax rates in the nation's history -- regulation-free predatory capitalism has wiped out any meaningful future for the American people.

When a country's gross national income is not taxed progressively -- the commonwealth of the entire nation is diminished, starved, and destroyed. This is called "asset-stripping."

In caring for the wellbeing of the American people and investing in the human capital of the citizens through health and education -- the United States stands in solitary disgrace among the world's Developed Nations. The fact that the United States has the greatest economic inequality and the highest poverty level of all the Developed Nations, marks its economic policy as a fiscal obscenity.


Oh, and let me add this:
Americans -- especially the wealthiest Americans -- pay the lowest taxes in the world.
It should fill you with disgust and shame to see where we are on this chart:


THE REST:
http://www.dailykos.com/story/2011/10/27/1030486/-Ameri...

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tk2kewl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:47 AM
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1. Sucking on the tit of capitalism.
While the 99% actually PRODUCE the wealth.

:kick:
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:50 AM
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2. Steve Jobs salary was a dollar a year.
Are you really going to call that the only compensation for actual work performed?
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Lint Head Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 09:13 AM
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3. That's the idea and concept they use. Sit back and suck the country dry.
Once they have all the money they decide if they need slaves to keep their system going.
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Sheepshank Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 09:14 AM
Response to Original message
4. I see he likes to use his employees as a sheild
how brave an noble of him.

.....and the story continues, the 1% using the 99%.
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 09:15 AM
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5. recommend
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