Tuesday, February 04, 2014

the spoils of the spoiled.

an ongoing discussion/moment of clarity.

words.

"In the United States, the rich, not the poor, are winning big. The obscene tax break for hedge fund operators still exists. The wealthy, such as Mitt Romney, still pay lower tax rates than their secretaries. Corporate and personal tax havens abroad still shelter trillions from taxes. Our perverse system of rewarding chief executives still bloats their salaries. The president is still promoting trade pacts negotiated in secret with corporations at the table. In reality, Jason Furman, head of the President’s Council of Economic Advisors, was surely right to scorn talk of what Perkins called “a progressive war on the rich” as “hyperventilation.”

...why are the rich so rattled? Surely part of it is awareness of what they have gotten away with. They waged class warfare, as Warren Buffett noted, and they won. They rigged the rules and made out like bandits. And, like bandits, they look over their shoulder constantly, worried there must be a posse out there somewhere."

THE WASHINGTON POST: Tom Perkins and the guilt of the gilded

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