Tag Archives: 99%

How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutocrats in 2016

By Paul Buchheit Source: Information Clearing House America has always been great for the richest 1%, and it’s rapidly becoming greater. Confirmation comes from recent work by Thomas Piketty, Emmanuel Saez, and Gabriel Zucman; and from the 2015-2016 Credit Suisse Global Wealth Databooks (GWD). … Continue reading

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How the Super-Rich Will Destroy Themselves

By Paul Buchheit Source: Nation of Change Perhaps they believe that their underground survival bunkers with bullet-resistant doors and geothermal power and anti-chemical air filters and infrared surveillance devices and pepper spray detonators will sustain them for two or three … Continue reading

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Living In A Van Down By The River – Time To Face The True State Of The Middle Class In America

By Michael Snyder Source: InvestmentWatch Do you remember the old Saturday Night Live sketches in which comedian Chris Farley portrayed a motivational speaker that lived in a van down by the river?  Unfortunately, this is becoming a reality for way … Continue reading

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The Great Ponzi Scheme of the Global Economy

By Michael Hudson and Chris Hedges Source: CounterPunch CHRIS HEDGES: We’re going to be discussing a great Ponzi scheme that not only defines not only the U.S. but the global economy, how we got there and where we’re going. And with me … Continue reading

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Mobility, Meritocracy and Other Myths

  By Kevin Carson Source: Center for a Stateless Society At the American Enterprise Institute, Mark Perry (“Yes, America’s middle class has been disappearing… into higher income groups,” Dec. 17) justifies the shrinking middle class and growing economic inequality by … Continue reading

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Bernie Sanders Endorses the World’s Greatest (Presumptive) Evil

Bernie Sanders ran an extraordinary race, making lots of noise and causing great consternation, but never daring to leave the corporate duopoly. Now his job is to deliver the bulk of his sheep into Hillary Clinton’s enclosure. This final mission … Continue reading

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The 1 Percent’s Houses Are Getting Bigger and Swankier While Average Americans Struggle To Make Rent

For a view of the inefficiencies of the free market, there’s no clearer view than the U.S. housing market, where there are as many as 29 empty homes for every homeless person. By Bob Larson Source: In These Times Today’s … Continue reading

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The 1% Versus the 99%: Realignment, Repression or Revolution

Wealth Inequality Is Putting the US on Course for a Showdown By Klaus Marre Source: WhoWhatWhy.org The richest 20 Americans now own as much wealth as the country’s poorest 152 million people combined. That is just one of the findings … Continue reading

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