TV News LIES

Thursday, Jun 11th

Last update08:27:04 AM GMT

You are here News Economy The rich have never had it so good

The rich have never had it so good

E-mail Print PDF

According to government figures, 1-percenters' share of America's total income is the highest it's been since 1929, and their tax rates are the lowest they've faced in two decades. Through bonuses, many 1-percenters will profit from the $23 trillion in bailout largesse the Treasury Department now says could be headed to financial firms. And most of them benefit from IRS decisions to reduce millionaire audits and collect zero taxes from the majority of major corporations.

But what really makes the ultra-wealthy so fortunate, what truly separates this moment from a run-of-the-mill Gilded Age, is the unprecedented protection the 1-percenters have bought for themselves on the most pressing issues.

More...


Most Recent Related Stories...


Inflation tops 4% for the first time in 3 years on spike in gasoline prices

Inflation at 4%Soaring gasoline prices, triggered by the U.S. war with Iran, have pushed inflation to its highest...

US gas prices hit $4.23 high as Hormuz fears drive oil surge

Gas hits $4.25 a gallonAverage US gas prices have hit a new high at $4.23 a gallon, their highest since...

U.S. Trade Court Rules Trump Tariffs Illegal, But Issues Narrow Block

US Court of Int'l TradeThe U.S. Court of International Trade’s 2-1 decision leaves the temporary tariffs in place for all...

More than a quarter of private colleges are at risk of closing, a new projection shows

Sterling College in VermontMore than a dozen newborn lambs cavorted around a fenced-in yard beneath the scrutiny of their...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!