TV News LIES

Saturday, Nov 23rd

Last update08:46:49 AM GMT

You are here News Economy The rich have never had it so good

The rich have never had it so good

E-mail Print PDF

According to government figures, 1-percenters' share of America's total income is the highest it's been since 1929, and their tax rates are the lowest they've faced in two decades. Through bonuses, many 1-percenters will profit from the $23 trillion in bailout largesse the Treasury Department now says could be headed to financial firms. And most of them benefit from IRS decisions to reduce millionaire audits and collect zero taxes from the majority of major corporations.

But what really makes the ultra-wealthy so fortunate, what truly separates this moment from a run-of-the-mill Gilded Age, is the unprecedented protection the 1-percenters have bought for themselves on the most pressing issues.

More...


Most Recent Related Stories...


Citing the pandemic, TGI Fridays files for bankruptcy

TGI Fridays files for bankruptsyThe parent company of TGI Fridays, the casual dining chain, has filed for bankruptcy, the company...

US adds over 250,000 jobs in September, defying fears of slowdown

250,000 jobs added in September American employers added 254,000 jobs last month in the penultimate jobs report before the US election,...

Boeing will lay off 10% of employees as a strike shuts down airplane production

Boeing lays of ten percent of work force Boeing plans to lay off about 10% of its workers in the coming months, about 17,000...

Fed cuts interest rates in historic move. Are more large cuts ahead?

Fed reserve chief PowelllThe Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!