Monday, April 4, 2011

Greedy Corporations and the Wealthy Fatten Themselves on the Rest of Us - Join "We Are One" Rallies to Stop the Freeloaders | | AlterNet

Join one of the 600 We Are One demonstrations on April 4.
http://www.we-r-1.org

The rich have been sucking the economic lifeblood from the middle class for decades. Today, "We Are One" rallies are happening all over the country.

the war of elite globalized corporations on US middle class is going on strong.

the trickle up reality.

When reckless Wall Street banksters get taxpayer-funded bailouts, billionaires get tax breaks and gigantic corporations like GE and Bank of America pay absolutely no federal income taxes, they’re getting for free the very public services that enable them to make massive profits in this country – the courts, the roads, the trade regulators, the patent enforcement.

Since 1978, productivity grew 86 percent, but compensation for workers grew only 37 percent, and if the cost of benefits, mostly uncontrolled health insurance increases, is removed, the real average hourly wage did not rise for 35 years,

Here’s how it works: The nation’s largest corporation, General Electric, earns tens of billions in profits from the labor of its workers but refuses to share the benefits with them.

U.S. Supreme Court enabled corporations to donate unlimited money in secret.

Two out of every three U.S. corporations paid no federal income taxes from 1998 through 2005, according to a report by theGovernment Accountability Office

Bank of America got a $1.9 billion tax refund from the IRS last year, even though it made $4.4 billion. Goldman paid only 1.1 percent in federal income taxes on its $2.3 billion in profits.

hedge fund manager John Paulson earned $2.4 million an hour in 2010


Greedy Corporations and the Wealthy Fatten Themselves on the Rest of Us -- Join "We Are One" Rallies to Stop the Freeloaders | | AlterNet

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