"Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You with the Bill)"
Pulitzer Prize-winning journalist David Cay Johnston joins us to talk about his new...
"Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You with the Bill)"
Pulitzer Prize-winning journalist David Cay Johnston joins us to talk about his new book, "Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You with the Bill)." Johnston reveals how government subsidies and new regulations have quietly funneled money from the poor and the middle class to the rich and politically connected. [includes rush transcript]
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I disagree with his statement of per capita wealth creation since 1980. The dollar is not properly valuated today. When the devaluation finally comes the truth of the matter will be revealed. Also consider is that he is likely using official CPI figures to calculate his numbers. The official CPI figures are grossly understated since 1980. But there is certainly more income/wealth dispersion today... a consequence of the steady move away from market capitalism. See video from 4:32 to the end.
Sorry - have no info on fema rex 84 but I do know that america is changing by the minute and not for good. USA is not a country but a corporation controlled by the elite - the olagarchy and we are the slave class. Empire has destroyed us by humongous debt loads and a dollar sure to collapse (no foreign power wants it) under this wicked and evil system of things. The rich got theirs - we are the leftovers, the stupid 80%er's who were asleep at the helm. We have no power, all is lost. Sorry.
As a mortgage broker I would have to say you are 100% right on with your Reagan evaluation.The de-regulating that went on in the banking industry during not onlyn Reagan but Bush and then Clinton made for the spoils of what we have today. Just 2% own 73% of the wealth in American and you are not going to get into that club - the doors are closed forever. Obama cannot make enough jobs to stop the bleeding of the un-employed and soon to be. Woe is all of us - we are moving abroad!
It is really too late to do much - we are now a fascist state that has arms and police to keep everybody in line thanks to Homeland Security and the Patriot Acts. If we can retrieve a democracy again we have to pry it from the billionaires and millionaires who stole it from us. The government is too corrupt and entrenched to win any battles,the monster will be the olagarchy with the rich about 4% and everybody else poor working class peoples.
Too true, We in Britain are suffering the same. Our problem is the fact that we are entrenched in our views of conservatism and past empire.'This could not happen in Britain, our politicians are too honest' Or so we fool ourselves into believing. We are as susceptible to the greed of money makers and politicians as with any nation.Probably more so because we are complacent and insular in our outlook.
your absolutely right, have you heard of FEMA's REX 84, plan? all those prisons standing ready for civil unrest..... it will be a sad day in history the day those are actually used....
Its a shame that not enough care to understand the economics of the Bush/Reagan years. If youre not for us youre against us sent a clear message of who will share the wealth. While the sycophantic voters fiddle, America and what it stands for burns. Now that many more pocket books are adversely affected will Change be realized. It is way past time to take this country back to its former glory but I dont see it happening. Only 1300 views 12 ratings and five comments speaks volumes.
America is a gold mine for rich parasites to become richer on the backs of ordinary workers whilst simultaneously insulting the poor for wanting a fairer cut of the wealth they have created.
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We in Britain are suffering the same.
Our problem is the fact that we are entrenched in our views of conservatism and past empire.'This could not happen in Britain, our politicians are too honest' Or so we fool ourselves into believing.
We are as susceptible to the greed of money makers and politicians as with any nation.Probably more so because we are complacent and insular in our outlook.