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The super-rich 1 percent
Link: http://socialistworker.org/2011/04/28/the-super-rich-1-percent
WELCOME TO the delusional world of the super-rich--where too much is never enough, and enough is more wealth than any individual in the history of the world has ever possessed. According to the mantra of political leaders in both parties, lower taxes on the super-rich are good for all of us. The assumption is that the rich create jobs for the rest of us, they bravely bear the risks of investing in these fragile economic times, and their oh-so-generous philanthropy helps the less privileged. Of course, the truth is that the 1 percenters have trillions stashed away in offshore tax havens that do nothing to create jobs, that governments bailouts insulate the super-rich from the bearing the brunt of the Great Recession, and that statistics show working people contribute a larger portion of their incomes to charity.
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