Thom Hartmann: How Rich is Too Rich?

[thomhartmann]

Richard Eskow, Campaign For America's Future & Austin Petersen, The Libertarian Republic join Thom Hartmann. America is a billionaires’ paradise and the superrich are way too rich. Consider these facts: Right now - the American social structure looks more like that of a banana republic than the country Thomas Jefferson called “an empire of liberty.” Just 400 mega-wealthy households now own more wealth than 60 percent of country. Corporate profits are higher than they’ve been in over half- a-century - and the top one percent has captured almost all the wealth created since the collapse of 2008. But the scariest part is that the mega-rich don’t even know what to do with that much wealth. A recent study reported on by CNBC found that last quarter - “…the savings rate of the wealthiest 1 percent soared to 37 percent in the second quarter. That's up from 34 percent in the second quarter of 2012-and more than three times their savings rate in 2007.” So what do the superrich do when they’re not hoarding their wealth like Spanish conquistadors? They’re throwing massive par< Embedded Title: OTS PLASMA GFX REVEAL X1 Duration: 00:00 >ies to honor themselves! Sean Parker of Napster fame - for example - recently trashed an environmentally fragile California campground to celebrate his wedding. That party cost $4.5 million and - according to reports - was supposed to “evoke the coronation of Elizabeth II.”

The Big Picture with Thom Hartmann on RT TV & FSTV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings

[Saviolo]

1. How is it even possible

For him to talk about how the corporations don't want deregulation, that they're asking for regulation? His whole stance was (to borrow from Eskow) gibberish. I don't understand how he could even say any of that with a straight face.

[Snoopy 7]

2. Thom

I can't believe what I just saw Thom just sat there while all the BS was just spewed, maybe it's because that "libertarian" shill was sitting in the studio. But, I have never seen Thom sit there and let the BS flow as if it were facts, what happen?

[marble falls]

3. Once again Thom gotten on the wrong side of the guestion: its not about the the rich having too much

its about the poor being too many and not having enough.