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07:58 AM on 10/20/2011
Now you see how it is done. It's millionaires, and not billionaires that hold most of the wealth. And that 1% holds over 38%, and they managed to steal 3% more in a single year, which means the rest of us are poorer by 3%. Now, this is the "just" system of the world!!! And what difference does it make to those robbed and starving, what names the anybody's for a half a tin of salmon media workers call these crooks? Shame on the lot of you. Remember, that whatever goes around, comes around, and that every dog has its day!
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Donna Lieb
fred
08:21 AM on 10/20/2011
Why are you sooo jealous of what others have? If you want it EARN IT and MAKE IT on your own. Really think STEVE JOBS sat around crying and whining all the time??? Really.
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canobserv
08:26 AM on 10/20/2011
the rober barons of the 20's thought the same way you do......you are ignoring some dangerous realities here......but whatever keeps your caps lock busy......
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Brockernation
A Gen-X Worldview
08:32 AM on 10/20/2011
Did Steve Jobs make his millions alone? Or did he have people who wrote the code for him; developed and designed the products for him. It was Steve Woz. who actually BUILT the Apple computer, not Steve. And if the Apple headquarters was on fire, would they call the "socialistic" fire department, or have they privately paid for their own?
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rothomaha
The Truth will out
07:53 AM on 10/20/2011
Clear testimony to "concentration of the wealth in the hands of the few"! - Karl Marx, Das Kapital. I guess all the rest of us are responsible for not having gobbled up the other 60%(paraphrase of Herman Cain). Shame on all of us!
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Donna Lieb
fred
08:22 AM on 10/20/2011
Shame on you for whining and crying about what you DON'T have. You want it EARN IT, MAKE IT on your own. Personal responsibility goes alot further than being a cry baby.
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rog1112
stealing bread from the mouths of decadence
08:35 AM on 10/20/2011
That's a fantasy; no one makes it on their own. Everyone borrows from the past, even our language. The point is if we're making the present better for those in the future or making it worse. Greed tends to make it worse. And no one's talking about being lazy.
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rothomaha
The Truth will out
11:13 AM on 10/20/2011
My, my Donna! How quick is your kneejerk reflex!! Do a quick calculation, darling - if there are, shall we say. 20 million millionaires in the world controlling 40% of the wealth, how much do you think YOU can earn through your hard labor of the remaining 60% when there are about 7 BILLION others competing with you for a share? And don't forget that those millionaires are all working REALLY HARD to become billionaires by gobbling up a still bigger share! You know, many of us out here who are not on welfare have a bit of compassion for the poor and the unemployed - try it, you might like it! And, BTW, it is entirely compatible with Christianity, a compatibility utterly lost on Herman and the others like you! If you stick with the English translation of your last name, you can't go wrong! Peace.
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big tom
07:43 AM on 10/20/2011
i dont have a problem with their wealth if they earned it.... most of them stole it....look at the criminals on wallstreet... look at the ceos in the health insurance business.. they produce nothing...they provide nothing..they are droans..leaches.
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loco48
TRUTH trumps ideology!
07:54 AM on 10/20/2011
Earned it or stole it. You left out inherited it. Trump inherited $400 million from his father. The koch bros inherited Koch industries from their father. If you go down the list of american millionaires I would think that maybe half inherited the money, not earned it!
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Donna Lieb
fred
08:22 AM on 10/20/2011
Well someone in their family EARNED it. So where are your millions??? Don't have any??? EARN IT.
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rog1112
stealing bread from the mouths of decadence
08:37 AM on 10/20/2011
Yup, not nearly enough Steve Jobs and Bill Gates in the bunch. Plus multinational corporations tend to buy up competition now so that the top 10% holding 90% of the wealth is turning into them holding 95% of the wealth. We need to break up and regulate banks and multinational corporations so there's more innovation and competition; not monopolies.
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Scott Kenan
Writer. Worked for Tennessee Williams.
07:43 AM on 10/20/2011
"Them that's got shall get;
Them that's not shall lose.
So the Bible says,
And it still is news . . ."

The Bible is full of truth -- including this one, BUT if we get off the damn Bibles and follow Spirit instead we can fix this country and take it back from the Greedy and Faux Religionists. See my political blog for details. Index is below link to my Tennessee Williams memoir and profile on right: http://scottkenan.blogspot.com (my blog was blocked in Georgia most of yesterday due to evidence reposted about Newt Gingrich's drug-running in the late 1980s).
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exmate
Life is about playing a poor hand well.
07:31 AM on 10/20/2011
The whole premise of Atlas Shrugged was that the captains of industry deserved to become very rich if they are the driving force in the success of whatever business they are in.

THERE ARE LIMITS ! There needs to be an American middle class with jobs and money to buy goods and services.

When those at the top require more and more wealth "because that is the way they keep score" at the expense of American workers whose jobs are exported, the USA starts becoming more and more of a banana republic.

Not everyone who is unemployed is a welfare queen.
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Scott Leland
10:41 AM on 10/21/2011
The high unemployment number has become a political tool for the Republicans and the corporate members of the U.S. Chamber of Lobbyists are cooperating by not hiring people so that number will stay high so that the president will not be re-elected. The corporations figure that with a Republican president they will get what they want, a zero corporate income tax rate.


We have to let the corporations know that we will appreciate them hiring Americans to get the recovery going:

http://www.flixya.com/blog/3201910/Beautiful-Butterflys
07:27 AM on 10/20/2011
Just remember that these millionaires have something to live for and therefore SHOULD be the ones in flack jackets, kevlar vest and helmuts - carrying 90 pound ruck sacks through some deserts to protect their interests. A 180 day tour of the front lines may enlighten them about their wealth and the policies that their money has on political and global situations. At least let their kids go fight if these millionaires are too old for duty.
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tomjefferson2005
Obama, House, Senate 2012 for the sake of America
08:48 AM on 10/20/2011
Mike Ogrady: Just remember that these millionair­es have something to live for and therefore SHOULD be the ones in flack jackets, kevlar vest and helmuts - carrying 90 pound ruck sacks through some deserts to protect their interests. A 180 day tour of the front lines may enlighten them about their wealth and the policies that their money has on political and global situations­. At least let their kids go fight if these millionair­es are too old for duty. ................................................Millionaire Bush Jr. had fun being a pilot without ever having to go to Vietnam. Kerry who went there and was wounded was villified by some of Bush's supporters.
12:04 PM on 10/20/2011
What is missing in your comment TJ2005 is that BOTH of these members from our armed forces had ties to very rich people and that some "service" to our country was a good resume filler for the pursuit of political office. I doubt that either were ever put in harms way.
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exmate
Life is about playing a poor hand well.
06:59 AM on 10/20/2011
Feudalism here we come.
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canobserv
08:19 AM on 10/20/2011
too late.....the robber barons are already back
06:52 AM on 10/20/2011
This is a totally deceiving article. The vast majority of the world's population is in India and China where their culture encourages them to procreate until they die of starvation.
07:28 AM on 10/20/2011
China has the Fastest growing number of millionaires worldwide, culturally China is patriarchal, which is rough on the girl children because most families want a son. Females are sold, killed abandoned, so the family can have their allotted child be a son, the ratio is 120 male/100 female children are claimed, 20% more males than the norm.Oddly, China is thinking of ending its forced abortion laws and to allow more than one child, possibly because of economic growth.Sorry I rambled on, have a good day.
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tomjefferson2005
Obama, House, Senate 2012 for the sake of America
08:50 AM on 10/20/2011
Maybe China is planning to take over real estate from a nation that owes them a lot of money?
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breakingpoint
War is a Racket - Smedley Butler
06:48 AM on 10/20/2011
but but they are the job creators and pay all the taxes
the rest of you are just rabid dogs
now, what does a rabid dog do?
07:29 AM on 10/20/2011
Nothing productive.
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exmate
Life is about playing a poor hand well.
07:38 AM on 10/20/2011
Rabid dogs have an uncontrolable urge to bite infecting its victims, who ,if not treated, will ultimately die of encephalitis.
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breakingpoint
War is a Racket - Smedley Butler
06:40 PM on 10/20/2011
yes, they bite the hand that feeds it
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Donns
06:46 AM on 10/20/2011
If a person has worked hard and has come up with good solid ways to build their business they should enjoy the benefits of their work. The problems start when all of our hype and education systems fails to make it clear that there is social stigmas linked to the owning of wealth. The American Capitalists system and the British one before it glorified possesions above everything and the workers should bow down to the ones with the most toys. That widened the great void between the classes. The rich have an obligation to treat their employees with respect and the history books hold a few who actually did this. Unfortunately the entertainment and political industry showed vastly greater numbers of rich who did the opposite. This is not going to change until there is an understanding of what responsibilities each side owes the other. Making a corporation into a person, as our courts have done for political reasons, was very harmful to this understanding.
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exmate
Life is about playing a poor hand well.
07:07 AM on 10/20/2011
1. There needs to be a middle class with jobs and money to buy goods and services .

2. When corporate governance only concern is to the stockholders and not to their workers and the middle class bad things happen to the economy.

3. I question wealth amassed in a rigged casino on Wall Street.
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FullFrontal
08:41 AM on 10/20/2011
agreed. that's why i believe that things would be different if every employee was mandated to be given stock in their company, thereby making them stockholders, and giving them a personal investment in the company's well-being
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Scott Leland
10:47 AM on 10/21/2011
A lot of Americans that used to invest in the stock market to make money for retirement have pulled their money out of the market because of the big swings in daily prices caused by the "high frequency" computer traders the "Wall Street Journal" reported. It is impossible to "make money" in that environment by studying a companys history and it's future prospects, so it is a "casino" as you say.
06:33 AM on 10/20/2011
Sadly the wealthy know not how very poor they are. For when the light shines upon darkness, darkness cannot exist, time, justice comes to all. Be patient and know His light is starting to shine through now.
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latoussaint
Truths and roses have thorns about them.-HDT
06:30 AM on 10/20/2011
There comes a point at which extreme wealth concentration threatens the very existence of democracy, and we have reached that point.

A wealth tax is the best way to reduce this classical danger to democracy, and for the super-rich to be paying more as we confront our long-term fiscal problem. Spain just passed one, and the rest of the world should follow suite.

This is one of the tragic lessons of Latin American history, where democracy has repeatedly bumped up against tight economic oligarchies that feel threatened by majority rule. Though reliable statistics on wealth equality aren't available, we do know that income inequality in the U.S. today far exceeds that in Europe, and it is getting into the Latin American range. Because wealth is generally more concentrated than income, we are clearly in the danger zone.
07:05 AM on 10/20/2011
Excellent point. It was essentially the point that Teddy Roosevelt made 100 years ago. That was before the Russian Revolution, though. Since then, the wealthy have used the scare words "communism!" and "socialism!" to frighten anyone against taking that position. And Americans, like sheep, fall into line. "Well Gawsh, I don't know if it would be RIGHT to tax the rich. Didn't those hedge fund managers work HARD for that $365,000,000 per year? I guess they deserve it. Say, what do those guys do, anyway?"
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exmate
Life is about playing a poor hand well.
07:54 AM on 10/20/2011
Once upon a time the GOP gave us some great Presidents starting with Lincoln and continuing with Teddy Roosevelt.

Finance and capital and money managment are necessary components of an economy along with production, marketing and middle class consumers.

Unfortunately our best and brightest go into finance and banking, where control of money is possible. The legitimate role of Wall Street is to appropriately allocate capital to worthy business enterprise and projects. Wall Street has become a way for some people to become very rich. Derivitives like put and call options and futures trading were originally created to reduce financial risk. Now they have been perverted into practices that have been financial disasters.
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Amalek
Highly decorated HP warrior
06:23 AM on 10/20/2011
They need to come up with a new term for the rich.  Millionaire doesn't cut it anyone.  One million of net work is distinctly middle class.  One million of annual income or $5 million of net worth might be a better cutoff.  1%ers is probably a good cutoff.   That is about $400k of annual income per IRS statistics and likely $3+ million in net worth.
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jamenta
There are other human values besides greed.
08:49 AM on 10/20/2011
Amalek - the vast majority of Americans don't even come close to being millionaires.
08:55 AM on 10/20/2011
The new term is "job creator"
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mgrant33301
06:23 AM on 10/20/2011
tax them!
marka
A Purple State Progressive
05:24 AM on 10/20/2011
The fact that a few wealthy individuals control 40% of the global wealth is why the Occupy Wall Street movement has caught fire across the globe. This level of income stratification is dangerous. I should think that the wealthy are aware of this fact. It is time for reform.
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Amalek
Highly decorated HP warrior
06:25 AM on 10/20/2011
Did you study history?  The wealthy never reform.  They get overthrown.
07:14 AM on 10/20/2011
As we are not a "banana republic", I would like to think there are more rational ways to
settle this ...
It is clear there is an incredible inequality to where all the wealth is located in this country ...
Elect Elizabeth Warren .. put her on the road to the White House ...