Tuesday, August 31, 2010

Are You Rich, or UltraRich, or Poor TPP?

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The Tea Party's core people are all richie wannabees, and so they want the government welfare for corporations to remain in place. It gives them a feeling of belonging to the wealthy and ultra wealthy, even as it drains their pocket books and wrecks the country.

Who are the wealthy and the ultra wealthy?

Thanks to Merrill Lynch we know. As following their habits is important to Merrill, they did a background report. Rich includes individuals with $1,000,000 or more in liquid invest-able cash, beyond all the stiff they own like houses, horses, yachts, etc. The ultra rich are those who have $30,000,000 in invest-able cash, as per above.

Collectively they own $37,000,000,000,000 or 37 trillion, which is 20% of this country, up from 8% in 1980.

They invest their tax breaks by loaning money to the US Government, and fleecing the tax payers in endless cycles of interest.

Everyone else is "little people." They snigger at us, and pay Rush to Goebbelize TPP members.

1 comment:

Michael R. Kesti said...

If you compare yourself with others, you may become vain and bitter; for always there will be greater and lesser persons than yourself.

from Desiderata - Max Ehrmann