Reply #11: The top 0.25 owns more wealth than the other 99 3/4 percent combined. [View All]

[Zan_of_Texas]

It's not enough that the gap between the very rich and the poor has been increasing for the past few decades.

Bush gives us the Leave No Millionnaire Behind tax cut.

Nearly every U.S. Senator is a millionnaire, by the way.

Class warfare is the real war being waged. At the magntitude it's being waged, it's naked looting and plundering.

We pay the taxes and send our kids to be cannon fodder and guard Halliburton's oil business in Iraq. The corporations (and their CEOs) rake in the dough, and don't even have the courtesy to stay in the U.S. and pay some taxes -- they move offshore.

I recommend this article. It's an eyeful.

The Super Rich Are Out of Sight
by Michael Parenti

<http://www.commondreams.org/views02/1227-06.htm>
Published on Friday, December 27, 2002 by CommonDreams.org


Excerpt:

The higher one goes up the income scale, the greater the rate of capital accumulation. Economist Paul Krugman notes that not only have the top 20 percent grown more affluent compared with everyone below, the top 5 percent have grown richer compared with the next 15 percent. The top one percent have become richer compared with the next 4 percent. And the top 0.25 percent have grown richer than the next 0.75 percent. That top 0.25 owns more wealth than the other 99 3/4 percent combined. It has been estimated that if children's play blocks represented $1000 each, over 98 percent of us would have incomes represented by piles of blocks that went not more than a few yards off the ground, while the top one percent would stack many times higher than the Eiffel Tower.