BILL HESSELL ON WHAT CLASS WAR VICTORS DO

Bill Hessell shared your blog post on Google+ The excesses of the rich  are becoming well-known, like the $28,000 a night luxury hotel suites this NY Times article mentions they are sd comfortably enjoying. The striking financial imbalance between the realities of the wealthy and those of the vast majority of people in the US, as well as in the world. is also becoming universally, and tragically, well-known.  A just released Oxfam study revealed that the most wealthy 1% in the world hold 46% of the world's wealth, and the richest 85 people alone hold as much wealth as the bottom 50% of the world's population.  In the US, the inequity has grown massively since 1980, the income of the richest 1% increasing 150% between 1980 and 2012, while the middle and lower classes have been struggling to keep even with the cost of living, or have lost ground.  After the decline of 2008, 95% of the wealth created since 2009 have gone into the hands of the upper 1%, while the lower 90% have become poorer. Another NY Times article last week spoke of a new problem epidemic among executives in the higher levels of the cultures in our large corporations -- "wealth addiction".  More income is never enough, it becomes an endless pursuit, the multi-million dollar salaries and bonuses just lead to a desire for more homes in gated communities, more nights in $28,000 luxury suites.  Is that adding to the wealth inequity, robbing the vast majority, draining resources that could be applied to the common benefit of society and those with the greatest need, just to satisfy their out-of-control exorbitant addiction?  It all started with Reagan and Reaganomics in 1980, lower taxes for the wealthy, less regulation of financial institutions, more tax shelters, less government spending for the common good, wealth is good, so amass all you can, regardless of who suffers or how many are left out. The effects are now all too obvious. The general public may have loved Reagan, but he served the wealthy, and effects of his economic policies have been devastating for the majority people who elected him. CLASS WAR VICTORS GET HIGH IN $28,000 A NIGHT SUITES View activity