Over the holiday weekend I finally had time to read Bill Moyers speech at Boston University on October 29th 2010. It shoud be required reading for all elected officials in this country, starting with the corporate apologists at the Wisconsin Governor’s office.
In his speech he outlines the different ways the rich have raped the country at the expense of everyone else since the 80s.
Average income went from that $30,941 in 1980 to $31,244 in 2008. Think about that: the average income of Americans increased just $303 dollars in 28 years.
Yes, think about that, indeed. The US has seen near unprecedented growth of wealth in these years, but it has done little to nothing to actually benefit the US people. Make no mistake about it, the trickle up economy is working exactly as planned.
The US has been fighting class warfare for 30 years with one side having all the arms, and the other side getting massacred without even noticing. Wake up people!
Update: Even Warren Buffett thinks so.