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Summary: "New studies show that America's corporate chieftains are living like kings while the middle class stagnates and shrivels. Yet, the Tea Party and other anti-tax forces remain determined to protect the historically low tax rates of the rich and push the burden of reducing the federal debt onto the rest of society, a curious approach explored by Robert Parry."

Union members and activists carrying signs expressing outrage at corporate greed urged Congress and the president to be tougher on the banks, 04/30/10. (photo: Oliver Quillia/CNBC)
Union members and activists carrying signs expressing outrage at corporate greed urged Congress and the president to be tougher on the banks, 04/30/10. (photo: Oliver Quillia/CNBC)

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+23 # Martintfre 2011-06-29 11:17
Greed - People who think that they have an inherent and inalienable right to the life liberty and property of others - so others can be taxed and controlled for their selfish benefit.

From each slave according to his ability,
To each master according to his need.
+14 # TrueAmericanPatriot 2011-06-29 18:50
Quoting Martintfre:
Greed - People who think that they have an inherent and inalienable right to the life liberty and property of others - so others can be taxed and controlled for their selfish benefit.

From each slave according to his ability,
To each master according to his need.
You're dead on, with your comment and quote, Martinfre....EX CEPT that the last word should be GREED>
+14 # LeeBlack 2011-06-29 21:33
BUT the point of the article is - why are those that are so impoverished by the greed and the corporate wealthy aren't ready to tax those corporate greedy rich people? Why are the Tea Party people so insistent on cuts in public services which assist them but demand that those tax breaks remain in place?
+23 # H.M. 2011-06-29 11:53
+3 # Activista 2011-06-29 20:08
there was some study showing that $1 "invested" in politician earns $100 profit.
+34 # Capn Canard 2011-06-29 11:54
I do take pleasure in seeing Milton Friedman's stupidity on display for all but I do not enjoy being cast aside because I am not of the wealthy CEO class. Milton Friedman's Lassie Faire economic policy has always left me speechless due to the followers obstinate understanding of actual, REAL, economic results-FACTS CAN'T CONVERT TRUE BELIEVERS! This also concerns Ronald Reagan's lack of understanding simple arithmetic. And that failure of failures: Ayn Rand... she is a cheap and sleezy imitation of a philosopher. BTW, these policies are obviously total failures for the middle class and always have been. Kudos and congrats to the evil CEO's and their Republican Minions of Satan. But before I forget let's not fail to mention the enormous debt we will now owe thanks to Milton Friedman's followers who willingly engaged in Economic Masturbation that has rewarded greed while it destroys the middle class.
+13 # VSweet 2011-06-29 11:54
Will history repeat itself?
+37 # fredboy 2011-06-29 12:02
I know a hyper-wealthy guy who brags about the Tea Party being his "cattle." Says they, like the "Christians" these days, are easy marks to do his bidding, even when it means destroying their own lives. Just stick an emotional tagline on an issue and you own them and their votes.
+16 # Kouseiko 2011-06-29 12:55
Better re-read Karl Marx, The Economy. It was written some two centuries ago. But it should be read in the light of contemporary times. I am not necessarily a Socialist, however I do believe that GRreen Socialsim the Buddhist concept of the Middle Way should be implemented here.

When the former Soviet Union was extant (CCCP) there was a "check and balance" system going on (the so-called "Cold War") America had to attempt to disprove the anti-Capitalist propaganda that was coming out of Moscow at that time, thus showing a "friendly façade" on capitalism. Now, with the demise of the CCCP, there is no "machine governor" and capitalism today has become like a runaway diesel engine. It shall race until it overheats and flys apart. That is what is happening in America today, a runaway engine. It was a gross mistake for Reagan during the 1980's to cause the CCCP to fail. Man's innate trait of greed shall not work in any system that is devised. It's man's downfall. If there is a way to temper the element of greed, that is Man's only hope! Until then, Pain and Suffering shall be an endless cycle, like turning the Buddhist wheel to the left (karma).
+13 # Activista 2011-06-29 14:45
How maximizing short term profit can benefit society.
How maximizing short term profit can create any value?
Wars are example - result of maximizing short term profit.
Destroyed environment is a product of maximizing short term profit.
+13 # Doubting TOm 2011-06-29 15:00
Many tea partiers have been so busy throwing tea (taxes) overboard that they haven't thought out what would happen afterward. . .They may be md as hell--with some good reasons--don't know the hard work and compromise that our Constitution makers had to get 13 diverse colonies to make "E Pluribus Unum" and "We must all hang together or we will all hang separately." happen . .And they forget that although he declined a crown George Washington put down the "Whiskey Rebellion" against taxes.
Beware people who only have one idea. We need many.
+19 # Kayjay 2011-06-29 15:03
We all need to get the word out, that continuing to fall for the song and dance of.... tax cuts for the rich and massive budget cuts on lifeline programs, will leave us all poor. As Parry says, it's positioning our skinny necks under the boot of the Corporate masters of the fascist state, formerly known as the USA. Citizen lobby anyone?
+9 # seeuingoa 2011-06-29 16:02
you can´t have a real democratic society
without having a large stable middleclass.
In US the rich are getting more rich and the
middleclass getting more poor creating a huge gap between the ones who have and the ones who have nothing.
That´s the sure way to fascism and policestate.
What is needed now is a "no-fly-zone"
over America, freeing Bradley Manning, and an "Arab" awakening.
Good luck!
+14 # giraffee2012 2011-06-29 16:47
I have questions that probably cannot be answered: Are all that belong to the TParty rich CEOs of big corporations? None are unemployed and / or have gotten regular raises in the last 20+ years?

If the answer to both is YES -- never mind. If the answers are NO -- then how can any of them expect their children to live in the USA without starving (etc)?

Vote 2012 and if your governor is a GOP/TP - REGISTER NOW - and get all young/old registered. Then get mail-in ballots. (You've been warned that the Koch brothers will make sure you cannot register on voting day and maybe your voting site will "move that morning without notification" (THEY have told us that is their agenda).

Now OHIO is fighting for their rights as did Wisconsin! VOTE these creeps OUT.

If you're from KY -- get rid of the Turtle.
+6 # MidwestTom 2011-06-29 19:31
If the United States practiced true Capitalism, the government would not have bailed out the millionaire and billionaires from Wall Street. True Capitalism severely punishes those who gamble and lose. Think bankruptcy. I do not know how we get out of what we now have, where Wall Street has SO much money, that they simply protect themselves by forcing the politicians, who they own, to take money from us whenever needed, so they can continue to make larger and larger gambles, knowing that they cannot lose. When Obama appointed a Treasury secretary from Goldman Sacks, did you expect a change?
+4 # DPM 2011-06-29 20:12
...and Michigan and Indiana and New Jersey and...and...
+4 # Bronx 2011-06-30 04:41
"The subjects of every state ought to contribute to the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state."

Adam Smith - The Wealth of Nations

and ....

"As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce."
+4 # fredboy 2011-06-30 06:21
Greed lives in the soul of most Americans.
I recall a friend telling me about two of her colleagues. Each had rare numbers in a national contest. If they combined them, they would win and share $100,000. One agreed, but the other refused--she wanted all the money for herself. Eventually the contest ended, and neither won a penny.
I've also known people who would not share a good investment tip with friends--they wanted it all to themselves.
America needs a shrink. It's as if, in so many ways, we are all losing or have lost our minds and civility.
0 # Activista 2011-06-30 14:42
this is classic from the Game Theory - prison dilemma.
Also Robert Wright book - NON ZERO.
We play Zero Sum game - and loose at the end. Winners and Loosers - but Homo Destructor luck is running OUT.
+5 # 65Roseauthor 2011-06-30 08:00
EM - The fact that you think you are rational only means you are seeing things subjectively. We do not see the world as it is, we see it as we are. To speak in theories and ideologies is completely impractical at best, and dangerous at worst. Einstein said we can't solve our problems with the same mentality that created them - but that's exactly what the Tea Party, and you sir, suggest we do. To repeatedly attempt to implement a strategy that clearly isn't working is the definition of insanity. This country has definitely lost its marbles.
0 # Joshua Stûrmcrow 2011-07-02 06:52
That sir, is exactly why I keep all my marlbes in a bag around my neck. (J.K. :) )
+2 # lark3650 2011-07-01 04:55
Selfishness is the root of all evil. Eradicate selfishness from humanity and the earth will be heaven. Greed is the destroyer of man.
0 # Oged Orekyeh 2011-07-02 03:14
Gracias for your discernment.The Ttuth is The World Order pundit has all thses mapped out.They are masters at disruption Order to impose their Own ORDER which is to bring choas.Except GOD Intervenes, History will continue to REPEAT ITSELF.As you watct BBC&CNN Note the Programmed Belam set to usher The One World Government.Than ks To The BUSH Clan&Company.Ha il MARAN ATHA.Amen&Amen. Oged Orekyeh.
0 # Joshua Stûrmcrow 2011-07-02 06:50
The main reason why so many in this country vote for "Repuliscams" idea of no new taxes, is that they somehow belive that THEY will not be paying any new taxes. What the "Repuliscams" mean by no new taxes, is no new taxes on the rich. Everyone else needs to pay their share of the burden of continuing to run this country.

Everyone but the "Rich" are wage slaves, or serfs, in the fife of the the elite.
0 # Gene Bernieri 2011-07-03 19:57
Big question:

How can this be happening? I think Americans are basically unable to think rationally. What else can it be?

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