For 20 years I’ve said the owner class in America, the financial elite think we workers live too well.

They think we want too much for our children.

They think we want too much decency and comfort.

They think our dreams, goals, expectations of life are too great.

Now I have proof that I’ve been right.

Davos

Davos is the place where all the owners and financial elite from all over the world meet annually at the World Economic Forum to pontificate, share their diarrhea of the mouth, and collectively try to figure out how to get more of our money.

Bloomberg News and Paul Krugman just reported that, “Billionaire Jeff Greene, who amassed a multibillion dollar fortune investing in real estate and betting against subprime mortgage securities, says the U.S. faces a jobs crisis that will cause social unrest and radical politics.”

At Davos Jeff Greene said, “America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence…

We need to reinvent our whole system of life.”

There you have it, brothers and sisters.

Your kids and family should live in poverty and degradation so the less than 1 percent can have even more of our wealth and the fruit of our labor.

It’s nice when the assholes actually admit what they think about us.

Certainly they think we are less than them, maybe even subhuman.

The financial elite have every intention of continuing to drive the global economic race to the bottom.

Unlike so many of our politicians and pundits, the financial elite don’t think global poverty is an unfortunate outcome of economic globalization, but a goal.

The poorer you and I are, the better.

We all better wake up.

There is a class war.

It’s been waged on us with increasing vigor for 40 years.

We are getting rolled over.

It’s time to fight back, realize what’s happened and is happening now and get busy protecting the future.

Image source: @CurbedLA

********************************************

WAR IS A RACKET!

Major General Schmedly Butler

********************************************

What the Tax Cuts Cost

President Bush enacted a series of tax cuts in 2001, and in 2010 President Obama extended those tax cuts with a new sunset date of Dec. 31, 2012.

Some members of Congress propose making them permanent.

Cost to the U.S. Treasury from Tax Cuts 
for the Wealthiest Five Percent:

First decade of Bush tax cuts, 2001-2010:

$955 billion

Obama extension, 2011-2012:

$229 billion

Proposed extension, 2013-2021:

$2.02 trillion

Total cost, 2001-2021:

$3.2 trillion

                                          

                
Source: 
Citizens for Tax Justice, Joint Committee on Taxation, and Congressional Budget Office. 

Figures do not include interest payments on debt incurred.

With the help of Citizens for Tax Justice, National Priorities Project is tracking every dollar the U.S.
Treasury loses from tax breaks for the wealthiest
5 percent—American families and individuals who in 2011 made at least $176,000 and on average $477,453.