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Whenever Republicans are at risk of not getting their way for their millionaire constituents, they cry "class warfare."
So it was that House Minority Whip Eric Cantor just whipped out the
old accusation again in the Wall Street Journal, blaming the Democrats
and "the progressive left" for "provocative class warfare rhetoric."
What Cantor doesn't like is the rhetoric.
But he's content with the class warfare, because his class keeps winning, battle after battle, war after war.
Whenever Republicans are at risk of not getting their way for their millionaire constituents, they cry "class warfare."
So it was that House Minority Whip Eric Cantor just whipped out the
old accusation again in the Wall Street Journal, blaming the Democrats
and "the progressive left" for "provocative class warfare rhetoric."
What Cantor doesn't like is the rhetoric.
But he's content with the class warfare, because his class keeps winning, battle after battle, war after war.
Look how much ground the richest of the rich have gained from the
Bush tax cuts, which the Republicans are so intent on keeping for this
cohort. The top 0.1 percent of Americans gained more than $2,326,607 a
piece, whereas people making between thirty and forty thousand gained
only $7,040, according to a great chart in Sunday's New York Times Week in Review.
"Over the past three decades, income inequality has grown dramatically," notes a recent report by the Joint Economic Committee of Congress.
"After remaining relatively constant for much of the post-war era,
the share of total income accrued by the wealthiest 10 percent of
households jumped from 34.6 percent in 1980 to 48.2 percent in 2008.1
Much of the spike was driven by the share of total income accrued by the
richest 1 percent of households. Between 1980 and 2008, their share
rose from 10.0 percent to 21.0 percent, making the United States as one
of the most unequal countries in the world."
Over the last decade, most Americans have been losing ground, with real wages stagnating and household incomes falling.
"Real median income for working-age households is now $4,925 below its peak in the year 2000," according to the Economic Policy Institute.
Right now, they are desperate for tax cuts, and those tax cuts would inject a lot of money into the economy.
Whereas, the top 0.1 percent aren't desperate for tax cuts; they're just greedy.
But in our economy, and in our political system, it's the richest and
the greediest who win the class war, no matter what you call it.
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
Whenever Republicans are at risk of not getting their way for their millionaire constituents, they cry "class warfare."
So it was that House Minority Whip Eric Cantor just whipped out the
old accusation again in the Wall Street Journal, blaming the Democrats
and "the progressive left" for "provocative class warfare rhetoric."
What Cantor doesn't like is the rhetoric.
But he's content with the class warfare, because his class keeps winning, battle after battle, war after war.
Look how much ground the richest of the rich have gained from the
Bush tax cuts, which the Republicans are so intent on keeping for this
cohort. The top 0.1 percent of Americans gained more than $2,326,607 a
piece, whereas people making between thirty and forty thousand gained
only $7,040, according to a great chart in Sunday's New York Times Week in Review.
"Over the past three decades, income inequality has grown dramatically," notes a recent report by the Joint Economic Committee of Congress.
"After remaining relatively constant for much of the post-war era,
the share of total income accrued by the wealthiest 10 percent of
households jumped from 34.6 percent in 1980 to 48.2 percent in 2008.1
Much of the spike was driven by the share of total income accrued by the
richest 1 percent of households. Between 1980 and 2008, their share
rose from 10.0 percent to 21.0 percent, making the United States as one
of the most unequal countries in the world."
Over the last decade, most Americans have been losing ground, with real wages stagnating and household incomes falling.
"Real median income for working-age households is now $4,925 below its peak in the year 2000," according to the Economic Policy Institute.
Right now, they are desperate for tax cuts, and those tax cuts would inject a lot of money into the economy.
Whereas, the top 0.1 percent aren't desperate for tax cuts; they're just greedy.
But in our economy, and in our political system, it's the richest and
the greediest who win the class war, no matter what you call it.
Whenever Republicans are at risk of not getting their way for their millionaire constituents, they cry "class warfare."
So it was that House Minority Whip Eric Cantor just whipped out the
old accusation again in the Wall Street Journal, blaming the Democrats
and "the progressive left" for "provocative class warfare rhetoric."
What Cantor doesn't like is the rhetoric.
But he's content with the class warfare, because his class keeps winning, battle after battle, war after war.
Look how much ground the richest of the rich have gained from the
Bush tax cuts, which the Republicans are so intent on keeping for this
cohort. The top 0.1 percent of Americans gained more than $2,326,607 a
piece, whereas people making between thirty and forty thousand gained
only $7,040, according to a great chart in Sunday's New York Times Week in Review.
"Over the past three decades, income inequality has grown dramatically," notes a recent report by the Joint Economic Committee of Congress.
"After remaining relatively constant for much of the post-war era,
the share of total income accrued by the wealthiest 10 percent of
households jumped from 34.6 percent in 1980 to 48.2 percent in 2008.1
Much of the spike was driven by the share of total income accrued by the
richest 1 percent of households. Between 1980 and 2008, their share
rose from 10.0 percent to 21.0 percent, making the United States as one
of the most unequal countries in the world."
Over the last decade, most Americans have been losing ground, with real wages stagnating and household incomes falling.
"Real median income for working-age households is now $4,925 below its peak in the year 2000," according to the Economic Policy Institute.
Right now, they are desperate for tax cuts, and those tax cuts would inject a lot of money into the economy.
Whereas, the top 0.1 percent aren't desperate for tax cuts; they're just greedy.
But in our economy, and in our political system, it's the richest and
the greediest who win the class war, no matter what you call it.