By Gil B. Manzon Jr., Associate Professor of Accounting, Boston College. “If poor people knew how rich rich people are, there would be riots in the streets.” Actor and comedian Chris Rock made this astute statement during a 2014 interview with New York magazine, referring to the yawning gap between rich and poor.
Inequality is not sustainable but thanks to short-term greed we’ll probably hit rock bottom yet again before another New Deal is required.
Good article.
Since the Great Recession of 2007-08, 83% of all the wealth generated in the world has gone to the top 1%. Those we fondly call the oligarchs.
Kevin Hassett, Chief of Trump’s Council of Economic Advisers, is an evil genius.
We all know that because Trump is as dumb as a box of rocks he isn’t allowed to make any decisions about anything.
Mad Mattis makes all of the decisions about war and peace. (Tillerson is as useless as a castrated bull.)
Racist, xenophobes General John Kelly and Stephen Miller make the decisions on the immigration policy and other social issues.
KEVIN HASSETT, makes all of the decisions concerning the economy, such as tax policy.
Kevin “America is opened for Business” Hassett, is an unrepentant, lassie faire Capitalist whose only real goal in life is to end Social Security and Medicare completely.
Mick Mulvaney is Hassett’s liaison to the House and his all around stooge.