Sunday, July 20, 2014

Bill Moyers: America's Mad Dash To Oligarchy

Bill Moyers reports that while top CEOs made 331 times more than the average worker, many paid a lower tax rate than members of the middle class. “Inequality,” he asserts, “has turned Washington into a protection racket for the one percent. It buys all those goodies from government: tax breaks, tax havens allowing corporations and the rich to park their money in a no-tax zone, loopholes, favors like carried interest.” Moyers referred to a study asserting that “America’s claims to being a democratic society are seriously threatened” and that the influence of the average American is "miniscule." He concluded that it’s up to us to stop this “mad dash to oligarchy.” Watch:

(h/t: Best of the Left Podcast)

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