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The top five percent have gained more wealth than the whole human race had created prior to 1980

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FourScore Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-02-10 10:16 AM
Original message
The top five percent have gained more wealth than the whole human race had created prior to 1980
The top five percent have gained more wealth than the whole human race had created prior to 1980
by Democrats Ramshield
Tue Nov 02, 2010 at 05:13:46 AM PDT

In fact ironically the above headline is a quote from David Stockman (who was Ronald Regan's budget director). The best reason to vote today is that the American ultra rich have declared class warfare on the American working class. One thing they're afraid of is one person one vote. Don't let the plutocrats owned elite media demoralize you into staying home.

From 60 Minutes interview
The Battle Over Taxing The Rich

"In 1985, the top five percent of the households, wealthiest five percent, had net worth of $8 trillion, which is a lot. Today, after serial bubble after serial bubble, the top five percent have net worth of $40 trillion," he explained.

"The top five percent have gained more wealth than the whole human race had created prior to 1980." (David Stockman)

http://www.cbsnews.com/...


MORE AT: http://www.dailykos.com/story/2010/11/2/915741/-The-top-five-percent-have-gained-more-wealth-than-the-whole-human-race-had-created-prior-to-1980
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blindpig Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-02-10 10:22 AM
Response to Original message
1. Capitalism works fine for them..

not so much for the rest of us.

I don't think that people are going to put up with this bullshit much longer..
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FourScore Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-02-10 10:47 AM
Response to Reply #1
2. They own the media, so they can twist the message.
That's the problem.
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blindpig Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-02-10 12:05 PM
Response to Reply #2
3. Well, they own the media in Europe too

doesn't seem to be a problem for the French, Greeks, Spanish, Italians....
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Initech Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-02-10 12:08 PM
Response to Original message
4. Capitalism is a ponzi scheme.
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