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Monday, May 2, 2011

The Robber Barons Are Back! http://www.consortiumnews.com/2011/043011a.html

The most impressive part of the Right’s propaganda machine is how it convinces so many average Americans to support tax cuts for the rich, unbridled corporate power, and elimination of programs that improve the nation’s general welfare -- and incidentally help average Americans.Through this propaganda machine and other political machinations, an American plutocracy has managed to reverse middle-class gains of the last century and concentrate more and more wealth and power in its own hands, as Aerik Vondenburg describes in this guest essay: 

Since the Gilded Age of the 19th century, the wealthy financiers and "robber baron" industrialists have been effectively purchasing power – and creating further revenue for themselves – by directing money into the coffers of business friendly politicians, who in turn vote for lower taxes, special exemptions, tax loopholes, deregulation, etc.

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