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Published on Dec 5, 2007
http://warongreed.org/ Henry Kravis is a billionaire, the 57th richest person in America. He acquired this wealth by purchasing public companies with borrowed money. To pay off the debt, he cuts benefits at the company, sells its assets, and lays off employees.
This get-rich-quick scheme made him $450 million last year. Meanwhile, his tax rate is lower than teachers, firemen, nurses, even his own cleaning staff!
Yet everyday we hear another story, we live another experience, we see another example of the horrific economic pain our country is being devastated by.