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Jim Hightower
NationofChange / Op-Ed
Published: Wednesday 10 October 2012
We’re talking money - the flow of mammon beyond regular people’s wildest dreams.

The 1 Percent’s Cry for Justice

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 It's out! This year's list of American success stories has just been published, and according to its compiler, it "instills confidence that the American dream is still very much alive."

Maybe you are one of these success stories. You might be a great public school teacher, for example, who motivated students to achieve new heights or an inventor who came up with an energy-saving device and got it to market at a fair price, generating a profit for yourself, the environment and society generally.

No, no, no. Not that kind of success. We're talking money — the flow of mammon beyond regular people's wildest dreams. That's how Forbes magazine measures not only "success," but also a person's value: You are what's in your Swiss bank account. And, just to rank last on this year's "Forbes 400" listing of America's wealthiest people, you need more than a billion dollars in financial wealth. To get into the top 10 requires at least $25 billion. And to be numero uno means you've got $66 billion socked away. Who says America is broke?

As Ray Charles sang, "Them that's got is them that gets." And sure enough, these richest of the riches got a lot richer in 2011 — the magazine gloated that these 400 swells jacked up their cumulative haul last year by $200 billion over the previous year — an average of half-a-billion each!

Now that's success, baby, especially when the typical American family's income dropped by 4 percent.

These ultra-wealthy, goes the Forbes narrative, are the "deserving rich," for they are our economy's makers and producers — as opposed to being takers and moochers, like those commoners who get Social Security, Medicare and other government help.

Before swallowing that, however, note that roughly 40 percent of these "achievers" on the list "achieved" their wealth by being well-born — they inherited the money from Dad and Mom. And all of them have indeed been takers, not only enjoying government programs, but also subsidies and tax advantages available only to the rich.

The Forbes list really says that you got special treatment — not that you are special.

But if the rich need to feel special, they can always count on the editors of Fortune. We should not be surprised that a magazine named Fortune would be empathetic to the feelings of the 1 percent, but — good grief — how embarrassingly sycophantish of the editors to hustle out a piece just before the presidential election titled, "Stop Beating up the Rich."

Written by Nina Easton, the timing of the article was less than fortunate, for it came out just as the infamous video surfaced showing Mitt Romney "beating up" the poor and the middle class, while his audience of fellow multimillionaires laughed, cheered and shouted encouragement.

Despite the timing, Mitt and company undoubtedly appreciated the writer's disdain for those who so insolently dare to criticize and even demonize those worthy ones at the top who, as she explained, "gained their wealth through their own efforts."

Also, you can almost hear the privileged ones applauding appreciatively as she scorns the divide between the 1 percent and the rest of us as a "flawed prism, marred by hyperbole, half-truths and unnecessary pessimism about what it means to succeed in America."

Passionately deploring "diatribes against the 1 percent," Easton assails critics of America's widening wealth inequality as being people who want "to raid the gold pot." On behalf of the pampered rich, she issues her own emotional "grito," wailing that critics must "stop the name-calling."

Does Easton propose any specific remedies for narrowing the wealth gap? You betcha, and it just happens to be one that's a favorite of Mitt and the multimillionaire's club — one that they prescribe for any and all of our nation's economic woes: "corporate tax reform," by which they mean lowering the corporate tax rate. Yeah, three decades of that trickle-down idea has worked so well for the middle-class and the poor, let's give 'em another jolt of it.

It's unclear why Fortune felt the need to print this piece of fluff or why Easton got the assignment, but her credit line does mention that her husband "is senior strategist for the Romney campaign." Curious, huh?

Copyright Creators.com


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ABOUT Jim Hightower
National radio commentator, writer, public speaker, and author of the book, Swim Against The Current: Even A Dead Fish Can Go With The Flow, Jim Hightower has spent three decades battling the Powers That Be on behalf of the Powers That Ought To Be - consumers, working families, environmentalists, small businesses, and just-plain-folks.

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15 comments on "The 1 Percent’s Cry for Justice "

Richard Myron Lapham

October 15, 2012 10:31am

What I will never understand is why the rich are so loathe to pay taxes. They get taxed AFTER they deduct every possible thing - remember Jack Welch's (former CEO of General Electric) 6000 shower curtain for his office bathroom? Well, that was paid for by company money, but it still is a "legitimate" business expense, and of course, the company can pay for THAT but somehow it managed to pay ZERO federal taxes on 7000 plus returns a few years ago. Amazing. Another thing - once you get 10 or 20 million, what you can you with 50 that you can't do with 20 million? What do you do with half a BILLION more that you can't do with 25 Billion? Perhaps as a poster on the article about the hidden 32 Trillion was right - talking isn't getting us anywhere. Bring on the guillotines.

murray_1337

October 14, 2012 1:47pm

I don't hate people because they are rich. That's just silly. I just hate it when economic mechanisms are put in place by people of means to keep themselves rich and the rest of us poor, then give it a fancy name (aka 'trickle down') and hide in a church to manipulate how they are perceived! Maybe they even think they are doing God's will!

I don't believe trickle down works because between the disgustingly high pay of CEOs and everyone above you on the totem pole by the time it gets to us there is nothing left! In a profitable corporation everyone should get a fair wage! And then the CEOs are upset because the unions want a fair wage! Last time I checked CEOs are replaceable too!

mklund

October 11, 2012 7:30am

Agreed! When the tax brackets were collapsed (under Reagan?) the richest of the rich paid no greater percent than the barely "rich" - many of them two-income households with middle class jobs. Another loophole was that the rich earn income not from salaries but from stock options and other investments taxed at much lower rates. Well - Romney's 14%- tax burden tells the tale!

bccrnlic

October 11, 2012 2:27am

"gained their wealth through their own efforts."? HAHAHAHAHAHAHA!! What a crock!! Some of these people may be in the 1% where finances are concerned, but they are in the 99% where arrogance is concerned. As Elizabeth Warren (and President Obama) stated, nobody gets to the top on their own. Even if they're not born into riches, they still cannot make their fortunes without the hard work and sacrifices of the rest of us. Henry Ford revolutionized the transportation industry with his "idea." But without people to assemble his product en masse, his idea (and subsequent fortune) would never have come to fruition. Yet, the arrogance and "entitlement" mindset of the 1% prevails. "I did it myself." To quote Judge Judy, "Don't pee on my leg and tell me it's raining."

Reverend Pheary...

October 10, 2012 10:57pm

The "American Dream" is of a nation, for, of, and by the people! Greed and lust for prosperity is a dream without boarders. We should not allow the words "American Dream" to be hijacked by those who would use them to subjugate us!

Warren D Nicholson

October 10, 2012 8:27pm

Giving tax breaks to the 1% has never improved the economy for the 99%.

woetopoe

October 10, 2012 2:30pm

"The American Dream"...an insidious scheme
Perverted by those who know no shame
"On margin"..."On credit"...your diamonds shall gleam
And fools rush in...to play a shell game

The famous and rich...lead a shallow lifestyle
Just how much money does one person need?
Most make the list through Daddy or guile
The scourge of mankind is old-fashioned greed

Forbes likes to brown-nose...we all get the gist
The yachting class chums with sycophant bait
A most relevant question...is why those "on the list"
Can't sense the torches...soon storming their gates

GHWB4JFKMLKRFKKK

October 10, 2012 2:26pm

Being a recovering religious republican with Catholic superior guilt over Jewish mothers of by responsibility , converted agnostic Buddhist,nude eyes in our hour, American African(Lucy),humanitarian Unitarian multiversal reggae/county dancer who's ex sextillionaire of my stole my genie inus,quadrillionaire that gave away quintillions they are the true antithetical hypo-christian bloody cry staining wareligious, that I have done more good than many true false, and false true, believers. The reason they are here today is beacuse ofJFK', if not for his abortion of nuclear war and not giving the power of death to Israel is real not unclear to the honest,

sam3915
Salt Lake City, UT
October 10, 2012 1:29pm

Jesus said that the rich, and that would especially mean the filthy-rich 1%, can't be true Christians and can't get into heaven. He was factually correct that being rich and working to become rich are inherently and inevitably corrupting and therefore evil. Even envying or putting the rich and rich-wannabes on a pedestal is evil because it is idol-worshipping evil. "Success", as Mitt Romney defines it, is evil. Having rich people may be a necessary evil in every society, but they can never be trusted to do the right thing. And there have to be strong government institutions shielded from the otherwise inevitable corruption by the rich to regulate, monitor and heavily tax all the rich for the benefit of all the country, including for all it's people.

belleville

October 10, 2012 12:34pm

Tax the rich like the Politicians of the 30's when we had over 30 Tax Brackets from 4% for over 60% of the country all the way up to the Aristocracy who paid 79% for income over $79Million. That is exactly what we need today. I'm an advocate for "20 Brackets to $20Million".

Jeffrey Hill

October 10, 2012 11:47am

Delicate egos for megalomaniacs and psychopathic GREEDmongers.

tjohn

October 10, 2012 10:49am

This group of whiners wants to be an aristocracy. We simply have to show them that this is a democracy. Being rich doesn't make one more valuable than anyone else; life is life. They also trumpet Christian mores, but they tend to forget the statement that it's easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of heaven. I suppose "heaven" is another word for a ghetto?

Ron in NM

October 10, 2012 10:16am

Leave it to Jim! We can always count on him for social critique laced with humor.

The poor Rich, eh? Everyone's beating up on them. No wonder they have to live in mansions and gated communities, with their own private cops-for-hire. Que lastima! It almost makes you want to cry for them, doesn't it?

And to have this Fortune article written by the wife of a senior strategist for the Romney campaign! Ho, they must think the 99% are stupid.

Yes, Mitt, we know you inherited nothing. Didn't you say that? I guess wealth and private schools and prestige universities and country club memberships and VIP connections and money to start on your own...well, that was really nothing, according to you, Willard. What a hard life you had, and oh, how you pulled yourself up from "nothing" to where you are now! Let's erect a statue of you and place it in the Museum of the One Percent, and have copies placed in the churches of the Ninety-Nine Percent, where the faithful sheep can bleat as they pray to you for your ivory smile and blessings on their sorry lives.

The American Dream is alive and ...a nightmare of gas and hot air, ready to explode.

Now Mitt is well on his way to follow the Yellow Brick Road (paved with gold) that leads to the White House, with years of ego-swelling gratification for him, more riches for his cohorts, and the shrinkage of prospects for everyone else.

Sigh! It's almost overwhelming, isn't it?

Sunflowerbio

October 10, 2012 10:53am

This doesn't make me want to cry, it makes me mad. I want to be in that number (1%), so I'm going to pull myself up by the boot straps. Does anyone have a pair of boots I can borrow?

bccrnlic

October 11, 2012 2:30am

You'd need a pair of boots to trudge the crap of the 1%. LOL