TV News LIES

Friday, Jul 24th

Last update07:10:54 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...


Trump’s new tariffs designed as ‘end-run around the supreme court and Congress’, House Democrat says

New tarrifsHouse Democrat calls Trump's new tariffs 'an end-run around the Supreme Court and Congress', not an...

What a Monopoly importer learned when it tried to make things in the U.S.A.

MonopolyThe board game Monopoly has always taught some important economic lessons: The benefits of owning real...

Trump imposes new 50% tariff on many imports from Canada

Canada tariffsPresident Donald Trump took executive action on July 20 to impose a new 50% tariff on...

Alan Greenspan obituary

Alan GreenspanFor his work chairing the US Federal Reserve, Alan Greenspan, who has died aged 100, was...
 
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!