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

Tags: Bill Gates, Class Warfare, Income Inequality, John McCain, Third World America, Politics News, Cenk Uygur, The Young Turks, middle class, rich, Tyt, liberal, progressive (all tags)

Comments

3 Comments

Rich getting richer, poor getting poorer

There is nothing wrong in being rich or wanting to be rich. It all strated when politicians needed funds, then effects of it will just pour in. These Interference by vote-seeking politicians will bring  economic mayhem. They may deny it,but I see big corporations controling the government while YOU are still in deep hole trying to make your way out.

We help Americans move to Asia for jobs and prosperity. Learn more at http://www.pathtoasia.com

by rhea 2010-09-16 07:36AM | 0 recs
It's been happening since the late seventies

I don't even call them "the wealthy" anymore; they are the "inheritance class."

These are parasites who use vast sums of unearned money to generate even more unearned money. They used to be depised - like Hetty Green, the "Witch of Wall Street - for using money to make money while doing little or no real work. Now they are rewarded for their lack of productivity by being taxed at half the rate of working Americans.

 

by Spiffarino 2010-09-17 02:46PM | 0 recs
To the contrary, there is something wrong with wanting to be rich.

 If a person wants to be rich, i.e. acquire more money than a person needs to live a very comfortable life and support, protect and nurture their family,

than they are not paying attention to the rest of the HUman Race.  Americans have an ungodly share of the world's wealth.  Rich Americans share less than poor Americans even in their own country!

I am dammed tired of the aspiration to be rich!  I am proud to say I want to be comfortable—not rich.

We know the names of wealthy people who profess to be philanthropic but do we know the name Fred Shuttlesworth, Marian Wright Edelman, Anne Braden, Bill Bigelow, Leonora Barry, Henry George...?

by Palli 2010-09-17 08:28PM | 0 recs

Diaries

Advertise Blogads