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Shocking Revelation: The Rich Get Richer!

….written by Eric Heller…

I know, you are aghast. One theme you’ll see often here at Changeany1thing is how the working and middle class (you know, “the people”) have been getting shafted through a generation of deregulation. That’s why we need a “re-regulation” movement. Or maybe just a “democracy movement”. But I digress.the rich get richer

Now here comes a truly revelatory book by NY Times reporter David Cay Johnston called Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You With the Bill). “Did you know that big box stores get to keep all the sales tax when you make a purchase? You are subsidizing that new Home Depot every time you buy a light bulb.

Dandelion Salad has all the links to the democracy now! interview here.

And dig this:

Just 27,000 people have as much income as the bottom 96 million Americans…And the number of people it takes today to account for 1% of all income? In 1970 it was more than 20,000 people. Today it’s less than 400.

That’s from a terrific Q&A with the writer, from here.

It would be nice if the “liberal media” would make a storm out of this now and again but I guess they’re too busy covering Hillary’s emotional moment.

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January 12, 2008   |  Filed Under Blog   |    Permalink

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