Read

User menu

Search form

"Stop Beating Up the Rich": The 1%'s Cry for Justice

"Stop Beating Up the Rich": The 1%'s Cry for Justice
Mon, 10/15/2012 - by Jim Hightower
This article originally appeared on Creators

It's out! This year's list of American success stories has just been published, and according to its compiler, it "instills confidence that the American dream is still very much alive."

Maybe you are one of these success stories. You might be a great public school teacher, for example, who motivated students to achieve new heights or an inventor who came up with an energy-saving device and got it to market at a fair price, generating a profit for yourself, the environment and society generally.

No, no, no. Not that kind of success. We're talking money—the flow of mammon beyond regular people's wildest dreams. That's how Forbes magazine measures not only "success," but also a person's value: You are what's in your Swiss bank account. And, just to rank last on this year's "Forbes 400" listing of America's wealthiest people, you need more than a billion dollars in financial wealth. To get into the top 10 requires at least $25 billion. And to be numero uno means you've got $66 billion socked away. Who says America is broke?

As Ray Charles sang, "Them that's got is them that gets." And sure enough, these richest of the riches got a lot richer in 2011 —the magazine gloated that these 400 swells jacked up their cumulative haul last year by $200 billion over the previous year —an average of half-a-billion each!

Now that's success, baby, especially when the typical American family's income dropped by 4 percent.

These ultra-wealthy, goes the Forbes narrative, are the "deserving rich," for they are our economy's makers and producers—as opposed to being takers and moochers, like those commoners who get Social Security, Medicare and other government help.

Before swallowing that, however, note that roughly 40 percent of these "achievers" on the list "achieved" their wealth by being well-born—they inherited the money from Dad and Mom. And all of them have indeed been takers, not only enjoying government programs, but also subsidies and tax advantages available only to the rich.

The Forbes list really says that you got special treatment—not that you are special.

But if the rich need to feel special, they can always count on the editors of Fortune. We should not be surprised that a magazine named Fortune would be empathetic to the feelings of the 1 percent, but—good grief—how embarrassingly sycophantish of the editors to hustle out a piece just before the presidential election titled, "Stop Beating up the Rich."

Written by Nina Easton, the timing of the article was less than fortunate, for it came out just as the infamous video surfaced showing Mitt Romney "beating up" the poor and the middle class, while his audience of fellow multimillionaires laughed, cheered and shouted encouragement.

Despite the timing, Mitt and company undoubtedly appreciated the writer's disdain for those who so insolently dare to criticize and even demonize those worthy ones at the top who, as she explained, "gained their wealth through their own efforts."

Also, you can almost hear the privileged ones applauding appreciatively as she scorns the divide between the 1 percent and the rest of us as a "flawed prism, marred by hyperbole, half-truths and unnecessary pessimism about what it means to succeed in America."

Passionately deploring "diatribes against the 1 percent," Easton assails critics of America's widening wealth inequality as being people who want "to raid the gold pot." On behalf of the pampered rich, she issues her own emotional "grito," wailing that critics must "stop the name-calling."

Does Easton propose any specific remedies for narrowing the wealth gap? You betcha, and it just happens to be one that's a favorite of Mitt and the multimillionaire's club — one that they prescribe for any and all of our nation's economic woes: "corporate tax reform," by which they mean lowering the corporate tax rate. Yeah, three decades of that trickle-down idea has worked so well for the middle-class and the poor, let's give 'em another jolt of it.

It's unclear why Fortune felt the need to print this piece of fluff or why Easton got the assignment, but her credit line does mention that her husband "is senior strategist for the Romney campaign." Curious, huh?

3 WAYS TO SHOW YOUR SUPPORT

ONE-TIME DONATION

Just use the simple form below to make a single direct donation.

DONATE NOW

MONTHLY DONATION

Be a sustaining sponsor. Give a reacurring monthly donation at any level.

GET SOME MERCH!

Now you can wear your support too! From T-Shirts to tote bags.

SHOP TODAY

Sign Up

Article Tabs

This last month has shown America that society will gladly tolerate vigilante violence, provided a vigilante chooses the right target.

President-elect Donald Trump isn’t just appointing incompetent buffoons to his Cabinet, but deeply immoral individuals who are completely lacking in family values.

Biden cared more about the appearance of having an independent DOJ untainted by politics than he did about holding an unrepentant criminal ex-president accountable.

The American people clearly spoke, and the drubbing Democrats received requires looking beyond just issue polls, voting patterns, campaign strategy, or get-out-the-vote tactics.

The recent decisions by two of the most influential national newspapers of record to not publish their endorsements of Vice President Kamala Harris says a lot about how seriously they take Trump’s threats to democracy and his promises of vengeance against his enemies.

This last month has shown America that society will gladly tolerate vigilante violence, provided a vigilante chooses the right target.

If the Democrats’ theme of 2017 was Resistance, the theme for Democrats in 2025 needs to instead be Opposition — and these two GOP senators may be the models to emulate.

President-elect Donald Trump isn’t just appointing incompetent buffoons to his Cabinet, but deeply immoral individuals who are completely lacking in family values.

Biden cared more about the appearance of having an independent DOJ untainted by politics than he did about holding an unrepentant criminal ex-president accountable.

The country has never moved as close to the course it took under Benito Mussolini as it is doing now — and even if Meloni is not a neo-fascist politician, she has put herself in a position to appeal to and broaden fascism's political base.

The American people clearly spoke, and the drubbing Democrats received requires looking beyond just issue polls, voting patterns, campaign strategy, or get-out-the-vote tactics.

Posted 1 month 3 weeks ago

This last month has shown America that society will gladly tolerate vigilante violence, provided a vigilante chooses the right target.

Posted 2 weeks 5 days ago

Biden cared more about the appearance of having an independent DOJ untainted by politics than he did about holding an unrepentant criminal ex-president accountable.

Posted 1 month 1 week ago

If the Democrats’ theme of 2017 was Resistance, the theme for Democrats in 2025 needs to instead be Opposition — and these two GOP senators may be the models to emulate.

Posted 3 weeks 5 days ago

The country has never moved as close to the course it took under Benito Mussolini as it is doing now — and even if Meloni is not a neo-fascist politician, she has put herself in a position to appeal to and broaden fascism's political base.

Posted 1 month 1 week ago

This last month has shown America that society will gladly tolerate vigilante violence, provided a vigilante chooses the right target.

If the Democrats’ theme of 2017 was Resistance, the theme for Democrats in 2025 needs to instead be Opposition — and these two GOP senators may be the models to emulate.

President-elect Donald Trump isn’t just appointing incompetent buffoons to his Cabinet, but deeply immoral individuals who are completely lacking in family values.