Americans Don’t Realize Just How Badly We’re Getting Screwed by the Top 0.1

Posted on August 15th, 2011 | by A Worker |

Most people have no clue how much money the Lowell McAdam’s of the the word have.  His arrogance and his willingness to tell so many lies about what’s going on with Verizon and the union workers is indicative of the kind of low-life blue blood scum that he is. Check out this piece from Alternet by David DeGraw

With an unprecedented sum of wealth, tens of trillions of dollars, held within the top one-tenth of one percent of the US population, we now have the most severe inequality of wealth in US history. Not even the robber barons of the Gilded Age were as greedy as the modern-day economic elite.

As American philosopher John Dewey said, “There is no such thing as the liberty or effective power of an individual, group, or class, except in relation to the liberties, the effective powers, of other individuals, groups or classes.”

In my report, The Economic Elite vs. the People, I reported on the strategic withholding of wealth from 99 percent of the US population over the past generation. Since the mid-1970s, worker production and wealth creation has exploded. As the statistics throughout this report prove, the dramatic increase in wealth has been almost entirely absorbed by the economic top one-tenth of one percent of the population, with most of it going to the top one-hundredth of one percent.   Read the rest here

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