As they accumulate more and more wealth, the very rich have less need for society. At the same time, they've convinced themselves that they made it on their own, and that contributing to societal needs is unfair to them. There is ample evidence that this small group of takers is giving up on the country that made it possible for them to build huge fortunes.1. They've Taken $25 Trillion of New Wealth While Paying Less Taxes
2. For the First Time in History, They Believe They Don't Need the Rest of Us
3. They Soaked the Middle Class, and Now Demand Cuts in the Middle-Class Retirement Fund
4. They Continue to Insist that They "Made It on Their Own"
5. As a Final Insult, Many of Them Desert the Country that Made Them Rich
More detailed on: alternet.org
Comments
Yes...then they hide it in
Yes...then they hide it in offshore banks. The CEO's used to reinvest in management and labor of their companies. Now it's
all ego and competition, following the enterprise/investment capital routine. My only satisfaction is watching some of these
moguls go down with the banking disaster. Someone I know lost $100, 000 CD somewhere!! He is trying to sue the bank now.
What a system. It' all virtual now with no basis of value, inflated as well. I do not feel guilty even owing school loans. Frankly
because we are such a capitalist nation, that program is mismanaged as well. I think that if I'd had more opportunity to teach what I
learned or apply my field of study and make some money towards the repayment, I would have taken it.