A New Economic Elite

[kuozzman]

http://www.sennholz.com/newelite.html

Washington think tank informs us that the average annual compensation of the top 100 chief executives amounts to an astonishing $37.5 million, which is 1000 times the pay of an average worker. The top one percent of households reportedly earns 20 percent of all incomes and owns 33.4 percent of all net worth. The most astonishing feature of such concentration of wealth in the hands of a tiny elite is the utter lack of concern and comment by the American media. They apparently find nothing wrong with such glaring inequality.

[brokensymmetry]

1. Umm...who does the author suppose OWNS the media?

Maybe the folks who own 33.4% of all net worth?

[jjtss]

3. Ahhhhhh Such are ....

the inequalities that revolutions and rebellions are made of

[PROGRESSIVE1]

2. So, Sennholz agrees that Ken Lay deserves his money....

even though KENNY BOY STOLE IT???

:wtf:

Supply Side Bullshit!!!!!!!

:puke:

[buycottJoe]

4. Money is power

They have a lot of money to donate for their lobbying activities and to their repug friends. It always gets me that the TV news, newspaper news etc is not controlled by poor people or middle class people, but by rich people. We have to hear the rich people's spin on everything.

People who blow themselves up with a suicide bomb are cowards. People who push the buttons for cruise missiles launched from submarines under water miles away from the target, are heroes. I remember a joke that Jay Leno told before. He said we have a great military strategy. First disarm the Iraqis (UN sanctions etc) and then attack them with the world's most sophisticated weapons.

[rman]

5. concentration of media ownership coincides with concentration of wealth

surprise, surprise.

i'm not even going to start on concentration of political influence, not this time anyway.