How the Rich Conduct Class Warfare

First, let me get this out of the way - I have no problems with the rich. I plan on being rich. I'm an American. I believe. We all believe we can get to the top and enjoy the spoils of wealth. We are Americans.

That's never been the issue. And in my lifetime the poor or middle class have never come close to declaring anything other than envy for the rich. But there is a class war going on. It's being conducted by the rich on the middle class in this country.

Again, let's be clear. It's not by all of the rich or even most of the rich. There are great philanthropists among the rich. In fact, over 40 billionaires just pledged to give away half of their money to charity. Bill Gates earned his money, is giving it away and has no interest on declaring war on the middle class.

I'll even give you the classic line - some of my best friends are rich. So, this isn't about some ridiculous stereotypes or populist demagoguery. This is about stone cold facts.

Some of the wealthiest people in this country have been systematically trying to reduce their own taxes and make sure their companies are not regulated by the government. This makes sense. They want to make more money. But in the process, they have bought our politicians, corrupted our system and ultimately given us enormous income inequality.

This income inequality doesn't seem just, but that isn't my main issue. The real problem is the results of that inequality. It leads to speculative bubbles, crashes, recessions and depressions. It leads to the middle class losing their pensions, having stagnant wages for the last thirty years and lacking opportunity to move up the chain. It kills our economy and ultimately it kills the American Dream.

Here are some numbers on the rich versus the middle class that demonstrate what I'm talking about:

 

All of the money went to the top. Do you know that between 1979 to 2007 income for the bottom fifth of the country went up by just 16%, but for the top 1% income it went up a staggering 281%?

The rich got much richer. This is not an accident. People like the Walton family and the Koch brothers have been doing this for a long time. The Waltons don't want to pay estate taxes for understandable reasons because they plan to inherit and pass on billions of dollars. It is cost efficient for them to buy our politicians for a couple of thousand dollars in campaign donations. The Koch brothers hate taxes and regulation of their businesses. If you want to know how they have hijacked our system you should read this brilliant articleby Jane Mayer in The New Yorker.

Meanwhile, you know what happened to the poverty rate - it went skyrocketing up. Now, one in seven Americans lives in poverty. That's 45 million people. Last year, we had the highest increase in poverty since the government started keeping these numbers in 1959.

The poor are growing, the middle class is shrinking and the rich are getting even richer. This is how you build a Third World country. So, the next time you hear about class warfare, understand which direction it's going in.

Some of the wealthiest people in this country pulled the wool over your eyes and picked your pockets. I don't have anything against the rich and I understand their motivation. But the rest of us are crazy to keep letting it happen. At some point, you have to fight back. Not with pitchforks, but at the very least with your votes.

Now that you know the game that's being played, it's incumbent on you to make sure you join the battle. Help us save this country and rebuild our once great middle class.

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How the Rich Conduct Class Warfare

First, let me get this out of the way - I have no problems with the rich. I plan on being rich. I'm an American. I believe. We all believe we can get to the top and enjoy the spoils of wealth. We are Americans.

That's never been the issue. And in my lifetime the poor or middle class have never come close to declaring anything other than envy for the rich. But there is a class war going on. It's being conducted by the rich on the middle class in this country.

Again, let's be clear. It's not by all of the rich or even most of the rich. There are great philanthropists among the rich. In fact, over 40 billionaires just pledged to give away half of their money to charity. Bill Gates earned his money, is giving it away and has no interest on declaring war on the middle class.

I'll even give you the classic line - some of my best friends are rich. So, this isn't about some ridiculous stereotypes or populist demagoguery. This is about stone cold facts.

Some of the wealthiest people in this country have been systematically trying to reduce their own taxes and make sure their companies are not regulated by the government. This makes sense. They want to make more money. But in the process, they have bought our politicians, corrupted our system and ultimately given us enormous income inequality.

This income inequality doesn't seem just, but that isn't my main issue. The real problem is the results of that inequality. It leads to speculative bubbles, crashes, recessions and depressions. It leads to the middle class losing their pensions, having stagnant wages for the last thirty years and lacking opportunity to move up the chain. It kills our economy and ultimately it kills the American Dream.

Here are some numbers on the rich versus the middle class that demonstrate what I'm talking about:

 

All of the money went to the top. Do you know that between 1979 to 2007 income for the bottom fifth of the country went up by just 16%, but for the top 1% income it went up a staggering 281%?

The rich got much richer. This is not an accident. People like the Walton family and the Koch brothers have been doing this for a long time. The Waltons don't want to pay estate taxes for understandable reasons because they plan to inherit and pass on billions of dollars. It is cost efficient for them to buy our politicians for a couple of thousand dollars in campaign donations. The Koch brothers hate taxes and regulation of their businesses. If you want to know how they have hijacked our system you should read this brilliant articleby Jane Mayer in The New Yorker.

Meanwhile, you know what happened to the poverty rate - it went skyrocketing up. Now, one in seven Americans lives in poverty. That's 45 million people. Last year, we had the highest increase in poverty since the government started keeping these numbers in 1959.

The poor are growing, the middle class is shrinking and the rich are getting even richer. This is how you build a Third World country. So, the next time you hear about class warfare, understand which direction it's going in.

Some of the wealthiest people in this country pulled the wool over your eyes and picked your pockets. I don't have anything against the rich and I understand their motivation. But the rest of us are crazy to keep letting it happen. At some point, you have to fight back. Not with pitchforks, but at the very least with your votes.

Now that you know the game that's being played, it's incumbent on you to make sure you join the battle. Help us save this country and rebuild our once great middle class.

Watch The Young Turks Here

Follow Cenk Uygur on Twitter: www.twitter.com/TheYoungTurks 
Become a Fan of The Young Turks on Facebook: www.facebook.com/tytnation

How the Rich Conduct Class Warfare

First, let me get this out of the way - I have no problems with the rich. I plan on being rich. I'm an American. I believe. We all believe we can get to the top and enjoy the spoils of wealth. We are Americans.

That's never been the issue. And in my lifetime the poor or middle class have never come close to declaring anything other than envy for the rich. But there is a class war going on. It's being conducted by the rich on the middle class in this country.

Again, let's be clear. It's not by all of the rich or even most of the rich. There are great philanthropists among the rich. In fact, over 40 billionaires just pledged to give away half of their money to charity. Bill Gates earned his money, is giving it away and has no interest on declaring war on the middle class.

I'll even give you the classic line - some of my best friends are rich. So, this isn't about some ridiculous stereotypes or populist demagoguery. This is about stone cold facts.

Some of the wealthiest people in this country have been systematically trying to reduce their own taxes and make sure their companies are not regulated by the government. This makes sense. They want to make more money. But in the process, they have bought our politicians, corrupted our system and ultimately given us enormous income inequality.

This income inequality doesn't seem just, but that isn't my main issue. The real problem is the results of that inequality. It leads to speculative bubbles, crashes, recessions and depressions. It leads to the middle class losing their pensions, having stagnant wages for the last thirty years and lacking opportunity to move up the chain. It kills our economy and ultimately it kills the American Dream.

Here are some numbers on the rich versus the middle class that demonstrate what I'm talking about:

 

All of the money went to the top. Do you know that between 1979 to 2007 income for the bottom fifth of the country went up by just 16%, but for the top 1% income it went up a staggering 281%?

The rich got much richer. This is not an accident. People like the Walton family and the Koch brothers have been doing this for a long time. The Waltons don't want to pay estate taxes for understandable reasons because they plan to inherit and pass on billions of dollars. It is cost efficient for them to buy our politicians for a couple of thousand dollars in campaign donations. The Koch brothers hate taxes and regulation of their businesses. If you want to know how they have hijacked our system you should read this brilliant articleby Jane Mayer in The New Yorker.

Meanwhile, you know what happened to the poverty rate - it went skyrocketing up. Now, one in seven Americans lives in poverty. That's 45 million people. Last year, we had the highest increase in poverty since the government started keeping these numbers in 1959.

The poor are growing, the middle class is shrinking and the rich are getting even richer. This is how you build a Third World country. So, the next time you hear about class warfare, understand which direction it's going in.

Some of the wealthiest people in this country pulled the wool over your eyes and picked your pockets. I don't have anything against the rich and I understand their motivation. But the rest of us are crazy to keep letting it happen. At some point, you have to fight back. Not with pitchforks, but at the very least with your votes.

Now that you know the game that's being played, it's incumbent on you to make sure you join the battle. Help us save this country and rebuild our once great middle class.

Watch The Young Turks Here

Follow Cenk Uygur on Twitter: www.twitter.com/TheYoungTurks 
Become a Fan of The Young Turks on Facebook: www.facebook.com/tytnation

Political Spectrum Moves Right

Host of The Young Turks Cenk Uygur guest hosting on MSNBC's Dylan Ratigan Show explains how the political spectrum has shifted far to the right in the last 30 years.

 

 

Who is More Conservative: Ronald Reagan or Barack Obama?

Who is more conservative - Ronald Reagan or Barack Obama?

If you think that's an absurd question, you're not alone. We had this discussion on The Dylan Ratigan Show when I was filling in for him on MSNBC and both of my guests thought it was absurd. A conservative website led with the headline that it was absurd (though they did not present one single fact to back up their claim). Except as it turns out, based on the facts, it is a really hard question to answer. And it would be absurd to claim otherwise.

Ronald Reagan:

• Gave Amnesty to Illegal Immigrants
• Negotiated with Terrorists (Traded Arms for Hostages with Iran)
• Raised Taxes on a Large Scale Four Times (After Initially Lowering Them)
• Negotiated with the "Evil Empire" without Pre-conditions
• Made a Decision to "Cut and Run" From Lebanon After Our Troops Were Attacked

In fact, as you look at the Reagan list, it seems he is the exact opposite of what conservatives now claim they want. It looks like the caricature of what they think liberals do. There is no way that even Dennis Kucinich would be able to do all of those things; he certainly wouldn't negotiate with terrorists the way Reagan did.

Of course, Reagan also took the country further right in many ways but our political spectrum has moved so far to the right that he looks left behind by comparison. So, let's go to Obama and see what that "socialist" is up to.

Barack Obama:

• Escalated the Afghanistan War (Added 30,000 More Troops)
• Escalated the Afghanistan War (Added 30,000 More Troops)
• Has Ordered Drone Strikes (Assassinations) on US Citizens Outside the Country
• Gave Drug Companies Near Monopoly Power by Barring Imports, Extending Patents and Not Allowing the Government to Negotiate Better Prices
• Funneled Billions into the Biggest Banks in the Country After They Crashed the Economy
Stacked Deficit Commission with Fiscal Conservatives
• Lowered Taxes Significantly (Stimulus Bill)
• Ordered Increased Offshore Drilling Before BP Spill

The Obama team would argue that they did a lot of this because the Republicans made them do it. First, that's entirely untrue because the Republicans didn't make them pass any bills. The GOP also didn't give most of this legislation a single yes vote, so they could have been entirely ignored if Obama had the courage to do that. And many of the items on the list are executive actions, which the Republicans have no control over.

Second, conservative is as conservative does. If you implement this many conservative positions, are you really sure you're not one?

Now, people will cry and scream that we had the most historic health care reform and will soon have the most historic financial reform ever. Isn't that progressive enough?! No, that's nonsense. They are called historic only because the White House called them that. Financial reform is a joke that still leaves the big banks in charge and has failed to end "too big to fail." And yes, health care reform actually covers more people if they ever get it (maybe in 2014) and if they can afford it (depends on what private insurance decides to charge them), but it still leaves the health care system exactly as it was before. This is the progressive change people voted for?

The bottom line is that, no matter what the reason, Obama seems to be in some important ways significantly to the right of Reagan on the political spectrum. If Reagan ordered the execution of US citizens abroad, he might have been impeached. If Obama tried to give undocumented immigrants blanket amnesty the way Reagan did, he might be impeached.

I don't think Obama is a hard right-winger. It's just that the political establishment in this country has moved so far to the right (though not the public, according to polls on specific issues) that as a natural politician when he goes to appease them, he is solidly center-right on the spectrum.

And the political line has moved so far that if Reagan tried to run as a Republican now he would be the laughing stock of the party. Rush Limbaugh would tear him to shreds and Bill Kristol would say he is Neville Chamberlain. He would be run out of town as a tax-raising, amnesty giving, terrorist negotiating, cut and run no-good lib who hates the troops.

And anyone who claims otherwise is being absurd. As Reagan once said, "Facts are stubborn things."

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