The following are all relevant, fact-based issues, the "hard news" stories that the media has a responsibility to report. But the business-oriented press generally avoids them.
1. U.S. Wealth Up $34 Trillion Since Recession. 93% of You Got Almost None of It.
That's an average of $100,000 for every American. But the people who already own most of the stocks took almost all of it. For them, the average gain was well over a million dollars -- tax-free as long as they don't cash it in. Details available here.
2. Eight Rich Americans Made More Than 3.6 Million Minimum Wage Workers
A recent report stated that no full-time minimum wage worker in the U.S. can afford a one-bedroom or two-bedroom rental at fair market rent. There are 3.6 million such workers, and their total (combined) 2013 earnings is less than the 2013 stock market gains of just eight Americans, all of whom take more than their share from society: the four Waltons, the two Kochs, Bill Gates, and Warren Buffett.
3. News Sources Speak for the 5%
It would be refreshing to read an honest editorial: "We dearly value the 5 to 7 percent of our readers who make a lot of money and believe that their growing riches are helping everyone else."
Instead, the business media seems unable to differentiate between the top 5 percent and the rest of society. The Wall Street Journalexclaimed, "Middle-class Americans have more buying power than ever before," and then went on to sputter: "What Recession?...The economy has bounced back from recession, unemployment has declined.."
The Chicago Tribune may be even further out of touch with its less privileged readers, asking them: "What's so terrible about the infusion of so much money into the presidential campaign?"
2 comments:
#9-How the US controlled island of Diego Garcia factors into the disappearance of flight 370.The MSM briefly touched upon it at the very first,but then dropped it like a hot potato.
I guess they don't count George Soros as an American... then if he is not --then why does he have a direct line and access to the Oval Office?-- he makes more than the Congressman's Son Warren Buffet and is omitted from this list.. so you have to think this was written by a Soros confab -- probably --because it contains all of the class warfare divide and conquer buzz words
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