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3 Big Lies Perpetuated By the Rich

Business  (tags: taxes, job growth, initiative, stock market, economy, investments, ethics )

- 2120 days ago -
Too many Americans continue to be numbed by the soothing sounds of conservative spin in the media. Let's take a look at the facts.

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Lynn S (235)
Tuesday July 31, 2012, 2:11 am
1. Higher taxes on the rich will hurt small businesses and discourage job creators

2. Individual initiative is all you need for success

3. A booming stock market is good for all of us

These are the 3 big lies perpetuated by the rich. The rich didn't get rich by risking their own money, they risk other people's money just like Rmoney. And the rich are not job creators because they don't risk their money in start-ups. And the rich didn't get their on their own initiative. I love how Elizabeth Warren put it in her video that went viral. And the stock market --- there are so many forces at work there that it is not a simple matter. But to be sure, the rich are certainly getting richer.

wolfNoFwdsPls a (135)
Tuesday July 31, 2012, 2:33 am
> the rich are certainly getting richer.
The*) are only getting --i.e. robbing-- more of that fictional stuff called "money", otherwise they're becoming even poorer than they already are...

*) I suggest, "the rich" should better be called "the (F)rich", because, in matters that really matter --like spirituality, emotions, creativity, character, liveliness, and such-- the are, to the last one, among the poorest people on Earth. )


" In a [financially-]rich man's house there is no place to spit but in his face. " -- Diogenes (412-323 BC)


wolfNoFwdsPls a (135)
Tuesday July 31, 2012, 2:33 am
" Money allows for a new kind of rule: anonymous and unassailable. " (my transl.; Orig.: "Geld ermoeglicht eine neue Art der Herrschaftsbeziehung: anonym und unangreifbar.") -- geldMACHTwerte, radiokolleg ORF 1999

" If the people understood the banking system, there would be a revolution tomorrow morning. " -- Henry Ford (1863-1947)

Bryan H (2)
Tuesday July 31, 2012, 3:22 am
I am not rich or Frich but I do not support government dictateing charity. I am forced by laws created during Eisenhower administration to support all kinds of charities that I have no desire to. Why should the rich be forced to support anyone but themselves.

Roger G (154)
Tuesday July 31, 2012, 3:41 pm
noted thanks !

P A (117)
Wednesday August 1, 2012, 3:25 am
If the rich were only supposed to help themselves and no-one else they would surely have to buy up thousands of miles of ground to build roads, on to start with, as if the rich don't give to others why should others let them use the roads they have paid for. Ditto everything else - they would have to pay for the education of their servants as well as their wages and health care they would have to exist in a separate mini-state of their own - each and every one of them. Unworkable and ridiculous!

The rich take most happily from the state in the form of infrastructure - education, health, police, fire, roads etc for all of their workers and servants - and want to give nothing back - only thieves do that!


Vincent Lacey (2)
Wednesday August 1, 2012, 3:52 pm
Part of the history of Western Civilization was the idea of "Noblesse Oblige" It means Nobility is Obligated. It essentially means that those fortunate through hard work, and other attributes they became the wealthy or nobility. There is no better way to pay back the people that helped create the wealth that one has than being responsible and participating in such a way that other people can receive the hand up. It is critical in a democracy to know and participate in continuing the growth of the nation. Greed is its antithesis, it is destructive.

Edith B (146)
Wednesday August 1, 2012, 9:09 pm
Thanks, Lynn. This spells it out so that even the most Faux News entranced viewer can understand it.

Marie W (67)
Wednesday August 1, 2012, 11:44 pm

Glenn Byrnes (196)
Thursday August 2, 2012, 12:22 am

Yumer Orlinov (42)
Thursday August 2, 2012, 12:35 am

Robert O (12)
Thursday August 2, 2012, 12:58 am
Thanks Lynn.

Gloria picchetti (304)
Thursday August 2, 2012, 2:26 am
It's the same old, same old that never worked & never will.

JL A (281)
Thursday August 2, 2012, 8:25 am
good to see it stripped of the fluff periodically--and to remember that most jobs creation is small businesses who do not benefit from the policies corporations and their political voice (AKA US Chamber of Commerce)

Kerrie G (116)
Thursday August 2, 2012, 9:45 am
Noted, thanks.

James Merit (144)
Thursday August 2, 2012, 4:59 pm
Thank you.

Patricia N (9)
Friday August 3, 2012, 8:57 pm
Too bad this was plastered all over the front pages of newspapers and the leading headline in TV news. If so, it would get out to the ordinary people .....maybe even some of them who only watch Fox.

Lynn S (235)
Sunday August 5, 2012, 12:11 am
Thanks everybody.

Vincent, thanks for your comment about noblesse oblige. Being a history student, many times we take about noblesse oblige but I hadn't thought of it in the modern context. You are quite correct. Hope you don't mind, but I quooted you in another blog.

Robert Hardy (68)
Sunday August 5, 2012, 10:51 am
... and these are just 3 of the thousands of lies used by the ruling class to control the working class.

Terry V (30)
Monday August 6, 2012, 6:36 am
I wonder if they realize they can't take the money with them after they have MURDER our PLANET!?!??

Phillipa W (199)
Tuesday August 7, 2012, 4:41 am
thankyou. Funny how they seem to think no-one will question why the poor are getting poorer and more numerous, why middle-class people are getting poorer and stressed why it is that there's "not enough" when the rich just keep getting richer and richer and more and more powerful and how so few have gained so much.
America has always been notorious for nepotism and shocked by how rampant it is, and that's even with us understanding that Western Democracy is based more on Spartan Oligarchies with Athenian Democracy being taught as what to avoid in a political system.
In economics waaaay back in high school, I asked the question about the stock market about the potential for essentially a false economy where nothing's real and everything's the result of manipulation. The answer was that there would be no way so few would gain such wealth and control and influence over factors determining the success/failure of companies nor the stock prices and the market and therefore our dollar etc is safe, and could in no way be manipulated. Well! not quite true...

David Menard (43)
Tuesday August 7, 2012, 8:02 am
Only 3? while I agree with them they are but a fraction of their manifold lies.
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