Today’s swaggering rich are increasingly stuffing their dollars into investments that do America’s 99 percent not one whit of good.
One puts on football pageants. Another makes millions on a virtual farm. From Too Much, the Institute for Policy Studies inequality weekly, we present the year’s ten most avaricious. All ten remind us just how much needs to change, economically and politically, in 2012 and beyond.
Financial industry insiders are grousing about a big downturn in annual bonuses. They should be thanking the rest of us — bombshell new research shows — for their continuing awesome good tidings.
Today’s super rich can’t turn tin into gold. But they can get Uncle Sam to loan them free money. At the expense, of course, of America’s bottom 99 percent.
Just 40 years ago, most Americans rubbed elbows with neighbors from a fairly wide cross-section of income levels. But today’s rich, Census data show, are keeping everyone else at arm’s length — and more.