The Fountain-Pen Economy

Jim Hightower Author, Commentator, America’s Number One Populist

The Fountain-Pen Economy

Even the word "greed" is not negative enough to characterize the all-out assault on workers by today's corporate elite.

From offshoring jobs to busting unions, from slashing wages to looting pensions, corporate take-aways from America's used-to-be middle-class workforce certainly are driven by the avarice of top executives and wealthy investors. Plainly put, the more they can take from workers, the more they can put in their own pockets (or, most likely, in their offshore bank accounts). It adds up to a massive redistribution of wealth from the many to the few.

In addition to greedy, though, these people are rank thieves. As Woody Guthrie succinctly put it: "Some'll rob you with a six-gun, some with a fountain pen." We're now in a rapacious fountain-pen economy. Since the Wall Street crash of 2008 (itself a product of grand theft by financial elites), the productivity and creativity of all Americans have regenerated every bit of the wealth that was frittered away by bankers, and we created trillions of dollars in new income. What a phenomenal national achievement that is, produced in an astonishingly short time by the shared effort of our people!

But strenuous effort is all we shared. The richest one-percent of Americans have grabbed 91 percent of the gains in income, and the even-richer one-tenth-of-one-percent sucked up 22 percent of the new wealth. Thus, the vast majority of us have still not recovered the wealth we lost (homes, cars, savings, etc.) and 99 percent of us are getting less income today than we were before Wall Street crashed our economy seven years ago.

It's time we robees started talking plainly about what's going on. The rich are not getting richer because they're more enterprising than everyone else, harder-working, or of strong moral character. They're thieves. They're getting richer by stealing from you.

***

This has been reposted from Jim Hightower's website.

National radio commentator, writer, public speaker, and author of the book, Swim Against The Current: Even A Dead Fish Can Go With The Flow, Jim Hightower has spent three decades battling the Powers That Be on behalf of the Powers That Ought To Be – consumers, working families, environmentalists, small businesses, and just-plain-folks. Twice elected Texas Agriculture Commissioner, Hightower believes that the true political spectrum is not right to left but top to bottom, and he has become a leading national voice for the 80 percent of the public who no longer find themselves within shouting distance of the Washington and Wall Street powers at the top. He publishes a populist political newsletter, “The Hightower Lowdown.” He is a New York Times best-selling author, and has written seven books including, Thieves In High Places: They’ve Stolen Our Country And It’s Time To Take It Back; If the Gods Had Meant Us To Vote They Would Have Given Us Candidates; and There’s Nothing In the Middle Of the Road But Yellow Stripes and Dead Armadillos. His newspaper column is distributed nationally by Creators Syndicate.

Posted In: Allied Approaches, From Jim Hightower

Stronger Together

Stronger Together