TV News LIES

Monday, Feb 02nd

Last update09:33:59 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...


The US is headed for mass unemployment, and no one is prepared

AI emplymentFor years, I opposed Universal Basic Income, firmly and reflexively. I treated it as a liberal...

Nearly 400 millionaires and billionaires call for higher taxes on super-rich

Ruffalo and Eno call for higher taxes on the richNearly 400 millionaires and billionaires from 24 countries are calling on global leaders to increase taxes...

UPS says it would cut up to 30,000 jobs this year as it aims to boost turnaround

UPS layoffsUnited Parcel Service on Tuesday said it would cut up to 30,000 operational roles in 2026,...

GOP rushes to defend Powell, Federal Reserve from DOJ, extending breaks with Trump

Jerome PowellSenate Republicans are rushing to defend Federal Reserve Chair Jerome Powell from a Department of Justice...
 
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!