As Hedge Fund Managers Rake In Record Pay Obama’s Economic Advisor Attacks Piketty

By: Monday May 12, 2014 10:29 am

2013 was a great year for high-tier hedge fund managers, even ones who pled guilty to securities fraud. The 25 highest paid hedge fund managers made over $21 billion in 2013, more than twice as much as all the kindergarten teachers in America combined. Whether those 25 men provided as great a benefit to our country [...]

Wall Street Republicans Looking To Support Hillary Clinton In 2016

By: Monday April 28, 2014 10:19 am

Now that New Jersey Governor Chris Christie has been severely damaged by the Bridgegate scandal, Republicans on Wall Street are desperately searching for a candidate they can count on to do their bidding in 2016. With a distrust for Senator Ted Cruz or Senator Rand Paul to follow orders, some are hoping former Florida Governor [...]

Charles Koch Offers Public Defense Of Using His Wealth In Politics

By: Thursday April 3, 2014 8:39 am

Charles Koch, CEO of Koch Industries, has offered a public defense of using his massive wealth to influence the political process in his favor. Koch claims he is “fighting to restore a free society.” Koch even went on to claim he is a victim because instead of focusing on his ideas people are noting the [...]

Record Student Debt Exacerbating Wealth Inequality

By: Friday March 28, 2014 10:49 am

As US student debt soars to the $1 trillion mark researchers are finding that the phenomenon is having long term deleterious effects on society. Namely the increases in student debt is widening the already massive wealth gap in America. The logic of the findings is hard to dispute – people paying out funds to service [...]

Wall Street Journal Doubles Down On Paul Ryan’s Critique Of ‘Inner City’ People

By: Monday March 24, 2014 8:05 am

After Congressman Paul Ryan went on Bill Bennett’s radio show and blamed poverty on “inner city” culture there was a public outcry. Most observers understood that the comment was a thinly veiled racial attack, a view bolstered by the context which included Ryan referencing Charles Murray, co-author of the extremely controversial book on racial intelligence [...]

Billionaire Ken Langone Who Funded Elliot Spitzer Takedown Operation Claims Liberals Are Like Hitler

By: Tuesday March 18, 2014 8:35 am

Ken Langone: So rich he can afford to fire anybody who would tell him not to say stupid s–t in public http://t.co/CRtkfV2tWI — Glenn Thrush (@GlennThrush) March 18, 2014 Billionaire Ken Langone is the latest 1%er to join the ranks of the abysmally stupid that gain entry by making ridiculous statements about Nazi Germany and [...]

President Obama Has The Power And Opportunity To Implement Postal Banking

By: Tuesday February 11, 2014 8:28 am

One of the more innovative solutions for America’s underbanked is to use the existing postal infrastructure to provide basic banking services, it would be allow lower income Americans to have easy and safe access to bank services while keeping them away from financial predators such as payday lenders. The concept was discussed in a recent [...]

President Obama Uses State Of The Union To Promote TPP, Ducks NSA Reform

By: Wednesday January 29, 2014 5:42 am

Last night President Barack Obama gave his State of the Union speech. In the speech Obama addressed growing concerns in the country about lack of opportunities and yawning wealth inequality. Poverty, lack of labor participation, and wealth inequality have gone to record levels under his administration. As the problem has gotten progressively worse the rhetoric [...]

Rich Paying Smaller Share Of Taxes Under Obama

By: Tuesday January 28, 2014 10:42 am

Tonight, during the State of the Union address, President Obama will likely drone on about how he thinks wealth inequality is an important issue. And the polls show Americans agree, the economy is polling as the number one issue while an increasingly number of Americans no longer identify as middle class. These concerns come amidst [...]

Report: 85 Richest People Have More Wealth Than Poorest Half Of The World

By: Tuesday January 21, 2014 5:47 am

According to a new report by Oxfam titled Working For The Few the wealth of the 1% richest people in the world amounts to $110 trillion, or 65 times as much as the poorest half of the world. Notably Oxfam does not buy into the nonsense about technology and education leading to yawning gaps in [...]

It’s Official, Congress Is Run By Millionaires

By: Friday January 10, 2014 7:49 am

Next time you wonder why Congress is so out of touch with the average American – don’t. According to financial disclosures, for the first time in history Congress is now majority millionaire. The 1% don’t just own the government, they operate it. Of 534 current members of Congress, at least 268 had an average net [...]

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