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Three Richest Americans Now Own More Wealth Than Bottom Half of US Combined: Report


#1

Three Richest Americans Now Own More Wealth Than Bottom Half of US Combined: Report

Jake Johnson, staff writer

"The elite ranks of our billionaire class continue to pull apart from the rest of us," a new Institute for Policy study analysis finds


#2

While this latest outrage is true, it is irrelevant until the people of the U.S. and the world consciously reject capitalism as a political economy. There are NO REDEEMING QUALITIES to this ideology made concrete. None. Zero. Zip. Nada. Niente.

WAKE UP PEOPLE. TIME IS RUNNING OUT. AT LEAST THINK ABOUT OUR CHILDREN AND THEIR GENERATIONS. AT LEAST THAT MUCH!!!


#3

Tom…above me says, it’s not relevant (not connected with)…yep, it sure ain’t connected with me, money that is…I’m sick from and I’m sick of being robbed, I think we need a bit of wealth redistribution here folk’s like a maximum income limit of a cool million.


#4

Yea, let’s follow the Venezuelian model…it’s working so well since they went to a socialistic government.


#5

I think the Danish model is much better. Rated the #1 place on the Planet to live.


#6

One wonders what the point of no return is that causes a massive economic meltdown when all the wealth is concentrated in so few hands that no one else has any resources to sustain our “consumer”-based economy. Clearly, if one person’s wealth equaled 1,000,000 times the combined wealth of everyone else, we would be over that line.

Right now, who knows? We could already be over the line but not know it until the wealth remaining in the hands of the “rest of us” finally dwindles to nothing and no one can buy food, fuel, housing, healthcare, etc. Will the uber-rich think they’ve finally “won” at that point? Or is there an insatiable appetite – a “whoever dies with the most (all the?) toys wins” mentality.

To paraphrase Joseph Welch, the attorney who took down Joseph McCarthy, “Do these people have no sense of decency?” And by “these people” I don’t mean the richest people themselves necessarily, but rather our corrupt political establishment that enables this concentration of wealth – more Republican than Democratic, but both to be blamed.


#7

It’s pretty much over now. The simple fact that the rich have gotten away with this so far, shows that the citizenry just is not up to stopping the oligarchs. That’s what they all get and deserve for continuing to participate in the rigged game the oligarchs have been playing for centuries now. It does not take more than simple common sense to see what has been happening all along. But the citizenry for the most part give the oligarchs a pass, because they believe the lie that they too can join the ranks of the rich someday. People willingly believe such nonsense because it plays into their own inner greed. I have little sympathy for those who meekly sit back and keep on participating in a system designed to make them slaves to the oligarchs. The only possibility left is for the citizenry to invoke massive general strikes and boycotts. And that is not likely to ever happen in the USA where most folks are all too content to be slaves to wages and distracting entertainment. So long humanity… Extinction is thy future.


#8

Venezuela is much more socialist…Denmark, not so much.


#9

Venezuela used to be one of the best economies in the western hemisphere…socialism killed that.


#10

Since we can’t fix inequality with taxation, why not try something else that circumvents the money-power? Something like not allowing anybody to take more than a certain number of slices of the global pie? A sum that we can all agree on?

FIRE THE POLITICIANS!
Direct Democracy


#11

So it’s either what we have now or Venezuela or Denmark.

That you’d limit your outlook to that extent speaks volumes.


#12

#1…my opinion, not the huff’s or Bernie’s but Mine, everything I haven read, seen and heard says it’s #1


#13

Keep believing the U.S. propaganda. You see, the free market capitalists will do anything to subvert another country that doesn’t like what they do so well–enabling the the wealthier to get even wealthier and the rest of us–who cares! Yes, our current fascist government is undermining you and you won’t even stop to understand and educate yourself about what has happened in Venezuela. I suppose you believe the recent “unrest” in Venezuela was the people against their government and not a coordinated effort by the CIA and other forces in Washington and Wall Street to bring down their government, which the U.S. does so well?


#14

Thank you. There is so much propaganda put out there by supposed liberals demonizing Venezuela and ignoring the despicable actions of the United States and its pet oligarchs.


#15

The vast inequality is really quite sickening. The wealthy really have no excuse for their extreme greed and selfishness.


#16

"Yeah, I can see it now
"The distant red neon shivered in the heat
"I was feeling like a stranger in a strange land
"You know where people play games with the night
"God, it was too hot to sleep
"I followed the sound of a jukebox coming from up the levee
"All of a sudden I could hear somebody whistling
"From right behind me
"I turned around and she said
"‘Why do you always end up down at Nick’s Cafe?’
"I said ‘I don’t know, the wind just kind of pushed me this way.’
“She said ‘Hang the rich.’” ~Robbie Robertson

You’d think more and more people would be saying what the whistling woman in “Somewhere Down the Crazy River” has the guts to say.

[I oppose the death penalty, so maybe life in prison?]


#17

Those are your words, not mine. Just saying there has never been a country where socialism has worked well.
I you believe in socialism so much, sell everything you have, take all you money from the bank, or where ever you have it, and take it to public square and give it all to the poor. Otherwise you’re acting like a capitalist, eh?


#18

I agree, and too many people are comfortable with capitalism. Plus some immigrants from other systems are quite happy with it.


#19

I agree- I wonder how many people here really know about socialism and have actually lived in that system? Even Bernie calls himself a democratic socialist.


#20

Being wealthy by itself is not a “crime”- being wealthy and contributing to others and not wanting more, more more is another ball of wax.