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Source:

Do the math and you’ll discover that the top 7% gained a whopping $5.6 trillion in net worth (assets minus liabilities) while the rest of lost $669 billion. Their wealth went up by 28% while ours went down by 4 percent.

Over the past 30 years it seems as if people in the position of power and authority in this country have been directly controlled and manipulated by the rich.

Mass media has been taken over by the wealthy with 90% of all of the media in the United States being controlled by six companies.

And, sadly, it seems as if we’ve been extremely successful at breeding an uninformed, frightened “working class” that would sacrifice almost everything they own to make sure that no one else gets a “free handout” at their expense.

Posted by James Poling

A socialist, tinkerer, thinker, question asker and all around curiosity seeker. If you'd like to reach me you can use the contact link above or email me at jamespoling [at] gmail [dot] com.

6 Comments

  1. […] The Rich Have Gained $5.6 Trillion in the ‘Recovery,’ While the Rest of Us Have Lost $66… […]

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  2. […] The Rich Have Gained $5.6 Trillion in the ‘Recovery,’ While the Rest of Us Have Lost $669 Billio… […]

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  3. […] No, Mr. President, that’s not what people “sense”. That’s the way things are. […]

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  4. […] recession, the 99.5%, the “everyone else”, lost $669 billion while the rich managed to earn a whopping $5.6 trillion. Around $2 trillion of that was gained at the expense of others thanks to special tax breaks the […]

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  5. […] the fact that 3/4 of Americans are living paycheck to paycheck or that the rich of managed to earn $5.6 trillion during this “recovery period” while the rest of us have taken a loss of around $670 billion. So if you need help feeding your […]

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  6. […] While everyone else was asked to sacrifice, lose their homes and just “work harder” to help pull America out of the recession funk. The super wealthy were too busy just amassing more wealth. […]

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