Getting Rich Off The Poor: How The Koch Brothers Wealth Grew 43% Since 2010

[Donnachaidh]

http://www.politicususa.com/en/koch-brothers-wealth



A week after the Census Bureau reported that American poverty has hit an all time high, America has learned the wealth of Charles and David Koch has increased 43% since March of 2010.

According to Forbes, the Koch Brothers have seen their fortune grow by 43% in a little more than a year to $25 billion. According to Think Progress the Koch boys have made their money by aggressively speculating in energy markets, “Koch uses legitimate hedging products to create price stability. However, the documents reveal that Koch is also participating in the unregulated derivatives markets as a financial player, buying and selling speculative products that are increasingly contributing to the skyrocketing price of oil.”

In other words, every time the price of gas goes up for no particular reason other than the vague energy speculators excuse, the Koch brothers just made themselves more money. Charles and David Koch are profiting by artificially raising the price of energy futures. What makes the Koch brothers different is that they have taken some of their vast fortune and used it to fund candidates and elected officials in the Republican Party who will allow them to keep making money while the rest of America winces when they have to fill up the gas tank.

The Bush Recession has been great for people like Charles and David Koch. With a 43% gain in wealth, it is no wonder why they want to keep the bad times going for the rest of us. While the super rich have gotten even richer, everyone has seen their wealth plummet.

More at the link --

[Bozita]

1. So, the poor ought to pull themselves up with their ... hedge funds?

After buying $4.00 gasoline, of course.

[Fire Walk With Me]

2. Kick and Recommend

[highplainsdem]

3. K&R

[gratuitous]

4. And yet the Kochs hate Democratic administrations

Go figure.