It seems to me that during these trying times, many people are talking about shared sacrifice. What do they mean by shared sacrifice? From what it looks like, teachers, cops, firemen, women, infants and children are bearing the brunt of budget shortfalls.
Now let’s take a look at the top income percentage. What have they sacrificed? In Florida, Wisconsin, and Ohio the wealthy investor classes and corporations are being inundated with tax breaks. What does that mean? It means they will be experiencing higher profits and earnings and offering less and less to society.
The wealthy have insulated themselves from reality with boatloads of cash. Others have insulated themselves in some cases from the reality that they created by their own greed, like outsourcing jobs and manipulative derivative trading on Wall Street.
You see, the top wealthy elite have not really been hit by this recession as they were in the Great Depression. This is due to 30 years of wealth distribution upwards. They had accumulated a ton of cash that would be able to sustain them through many years of economic turmoil.
MORE
