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Saturday, February 19, 2011

Feeling Sorry For The Beleaguered Rich In America?

All I can say is, "Thank God the Republicans got their tax cuts for the wealthy extended." I couldn't sleep at night if I thought these people were being driven to near poverty levels.

Kudos to Boehner and the boys for protecting these folks. And, who are these folks? Find out by reading Dave Johnson's article Nine Pictures Of The Extreme Income/Wealth Gap.

[Editor's note: Sedatives and/or heavy drinking may be necessary before, during, or after Nine Pictures]

You will find a multitude of interesting tidbits that define the "haves (that's them)" and the "have nots (the rest of us)" like this jaw-dropper:

400 people have as much wealth as half of our population. The combined net worth of the Forbes 400 wealthiest Americans in 2007: $1.5 trillion. The combined net worth of the poorest 50% of American households: $1.6 trillion.

Johnson closes his discussion with this statement:


"We owe it to democracy to begin taxing high incomes and inheritance again."

I can only add, Amen to that!

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