Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Sunday, 16 June 2019
Wealthy Americans Have So Much Money They Don’t Know What To Do With It
According to an infuriating new report by Axios, corporations and the wealthy elite have so much money now that they don’t even know what to do with it. They are running out of stocks to buy back and they don’t have many other investment options, so they end up simply hanging onto their cash. Weren’t they supposed to spend it on workers? Wasn’t that the deal that Republicans told us was definitely going to happen? Ring of Fire’s Farron Cousins discusses this.
