It is true that there has been a great redistribution of wealth going on. As a matter of fact, it's been underway for the past 30 years. But the direction of the wealth's movement has not been downward toward the undeserving poor as so many seem to fear. No, the movement has been upward to the most well-to-do, and the shift has been massive. And, we see the results every day, as increasing numbers of people come our way seeking assistance.
Eugene Robinson explains in the following report:
The study that shows why Occupy Wall Street struck a nerve
The hard-right conservatives who dominate the Republican Party claim to despise the redistribution of wealth, but secretly they love it — as long as the process involves depriving the poor and middle class to benefit the rich, not the other way around.
That is precisely what has been happening, as a jaw-dropping new report by the nonpartisan Congressional Budget Office demonstrates. Three decades of trickle-down economic theory, see-no-evil deregulation and tax-cutting fervor have led to massive redistribution. Another word for what’s been happening might be theft.
To read the entire report click here.
Reactions welcomed, as always.