Sunday, May 16, 2010

More On Money Mad USA

SCOHEN305 joins a growing chorus of writers and film makers crying out against money madness in America. For examples read Les Leopold's ''Help! Whats The Cure For Financial Insanity?'' Huffington Post 5/14/10 , Zachary Karabell's article on ''Risk Inverse,'' Time magazine on line, 5/21/10, and check out Robert Borosage's Institute For Americas Future.

The inequality is well known. The richest 25 % of americans has more than 80% of the wealth. The richest 1% has more than the total of the bottom 90% .
The stats are well known.

It is well known the top 400 richest in america earn more than 50%of americans from the bottom up and 25 american hedge fund managers, who gamble with pensions, earn more than american school teachers. Etc.,etc.,etc. SCOHEN305 has been blogging about socio-economic pathology in america for years.



Our president as candidate told us he was against trickle down economics. He said he wanted to rebuild our economic system from the bottom up. He said it was all about us and that he wouldn't lie to us. So far he has lied to us.



''Give Aways'' and ''giving back'' by individual and corporate rich are part of the socio-economic sickness of american society ; though maybe well meaning.

Our president as candidate told us: ''The time for change has come.'' I agree.

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