More Evidence Of The Transfer Of Wealth From The Middle Class To The Wealthy

Any one following "politidose" knows my take on the subject matter. Now a report comes out from the Congressional Budget Office that found over the past three decades average after tax income for the top 1% of U.S. households had increased 275% while middle income households saw a 40% rise and those at the bottom of the scale rose 18%.

That is just one of many reminders how wealth has been transfered to the wealthy from the middle class. When you put that together with the large bonuses for CEO's and executives, the elimination of jobs and benefits for the average workers and the use of third world country labor it is easy to understand what is going on in our country today and why "occupy wall street" is growing strong.

In a report by Marian Wright Edelman, President Childrens Defense Fund the gap between CEO's and the average workers pay was 325 to 1 in the year 2010. And that 25 of the 100 paid highest CEO's took home more in pay than their companies paid in income tax. Those number continue to grow every year while the middle class suffers the burdens.

The wall street banks monopolies should be broken up, corporate America and the wealthy's special tax breaks and treatment with tax loopholes should be cancelled. Elected officials who's ties to the special interest groups should be banned and the responsibility should be put on elected officials to act themselves in refusing to take campaign contributions or any money from special interest. It is time they devote their job to what is best for the country and its working people who bear the burden of all taxes.