Class Warfare Blog

April 30, 2013

I Just Don’t Get It

Filed under: Economics,Politics — Steve Ruis @ 8:10 am
Tags: , , ,

It should be clear to one and all at this point that the über-rich are getting über-richer at the expense of the rest of us. The costs associated by this surge in their wealth are huge: families destroyed by malignant unemployment, middle class lives degraded by stagnant wages (proving to us that no matter how hard we work, we won’t get ahead, which leads to “Why should I work so hard?”), political gridlock, people foregoing medical care because it is priced out of their ability to pay, faith in the justice and political systems degraded because the rich get special treatment, retired folks are being pressured to give back what little they have earned through government retirement programs, and there is a great deal more.

The rich have increased their share of the nation’s income from about 8% to near 25% in the last few decades. Their share of the nation’s wealth has grown proportionately as they minimize their tax burden by shifting it to lower economic strata.

But why? The Koch brothers don’t have enough money? They have billions and billions. That is not enough? Think about it. I have about 20 years left to live. If I had a billion dollars, I would have to spend $1400 per day for the rest of my live to spend it all. It is a huge amount of money. And the Koch brothers and their ilk are still accumulating. Why?

Is it so important that their ideas get promoted? That we deny what the vast majority of climate scientists are saying about the environment, so they can make even more money? Some say that the tipping point for climate change has already been reached and there is nothing we can do from this point onward. Our chance to act was in the last 30-40 years which they have blocked. My area, the Midwest, has one thing in its climate future: drought. And the Midwest and California feed this country and many others. What happens when people start getting hungry? Will the über-rich stand up and say “My bad.” I don’t think so.

Just what is so fucking important about these assholes acquiring a few more billions from the rest of us? Explain this to me.

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6 Comments »

  1. That one cannot be explained. The more one has the greater the fear…. and fear makes us do rather odd things.

    About 15 years ago i spent time in Washington and West Virginia with a frightfully wealthy wealthy lady. I’m talking continental wealth, one of the wealthiest women on earth… and it was cash. family business. She was entirely lovely. Yes, she lived in the penthouse of the Watergate, but her home-home in the country was remarkably normal. She had horses, but there was no great display of wealth. She wasn’t overly interested in politics. She was just normal, considering her circumstances. The Koch’s, on the other hand, seem to be the complete opposite. They act in bad ways. they are bad men.

    Comment by john zande — April 30, 2013 @ 9:21 am | Reply

    • I have always loved hanging out with rich people. That was how I saw my first roll of $100 bills! But those were the old rich, not the new rich of today. The old rich were patriotic and many of them, Democratic and Republican, saw their way to pay us back for their good fortune was through public service (Kennedys, Rockerfellers, etc.). Not that they didn’t do a few favors for their rich buddies, but they didn’t gut “the company” (aka the country) to extract its wealth like the Mafia would do.

      Comment by stephenpruis — April 30, 2013 @ 9:27 am | Reply

      • True. She was old money… her dad a true captain of industry.

        Perhaps, just perhaps, the Koch’s are bad people because their business is bad….

        Comment by john zande — April 30, 2013 @ 9:29 am | Reply

        • I don’t think so. They could still be quite wealthy had they taken a different stance. They have billions to invest in clean energy. Look at what windfarms have done to generate electricity. The old rules were to diversity to reduce risk. Now, they are to corrupt societies institutions to reduce risk.

          Comment by stephenpruis — April 30, 2013 @ 10:10 am | Reply

          • Seems oil/chemicals are desperately hard vices to get out of…

            Comment by john zande — April 30, 2013 @ 10:14 am | Reply

            • In the Koch brothers case, I believe it is coal. But wait . . . you know what they make from coal? They make “coke.” So there is our answer! They are high on coke! (A little chemical pun there.)

              Comment by stephenpruis — April 30, 2013 @ 2:13 pm | Reply


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