Just some random thoughts today

Posts tagged ‘time to pay the piper’

The Rich Bankrupt US

Too much accumulated wealth for any single person or entity is bad for our country and world. This is especially true if the equity is unfairly distributed.

Today we are faced with another $700 billion bailout for the rich that will add to our deficit … and we know who’s going to pay for it … the peasants.

According to U.S. Senator Bernie Sanders:

While the middle class collapses, the richest people in this country have made out like bandits and have not had it so good since the 1920s. The top 0.1 percent now earn more money than the bottom 50 percent of Americans, and the top 1 percent own more wealth than the bottom 90 percent. The wealthiest 400 people in our country saw their wealth increase by $670 billion while Bush has been president. In the midst of all of this, Bush lowered taxes on the very rich so that they are paying lower income tax rates than teachers, police officers or nurses.

Of course the government will not raise taxes to take on this enormous debt obligation. Of course we’ve just become a socialist state. Of course we cannot do anything about it.

Folks, we’re in serious financial bankruptcy, it’s time to pay the piper and I think it’s fair that the people who profited should be ones who pay. The hardworking tax payers should not burden this debt alone.

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