Kevin Phillips, author and political strategist to President Nixon, admits that he believes that the United States is becoming a plutocracy (rule of the rich).
He said in a 2004 interview with Bill Moyers that the plutocracy has existed in a way that we haven't seen "since the Gilded Age."
Although, instead of Carnegie and Vanderbilt, we now have people like the Waltons and the Koch brothers.
Indeed, the top 1 percent of income earners in America were in 2008 earning 8 percent of the country’s total income, the same share as during the 1920s. A University of California-Berkeley study released in 2009 found that income inequality in 2007 was the highest it had ever been in recorded history, with the top 1 percent incomes capturing half of the overall economic growth over the period 1993-2007.
THE ROBBER BARONS ARE BACK!
WAAAAKE UP AMERICA!!!
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