The great progressive ripoff

The so-called progressives like to complain about the 1% who benefit at the expense of the 99%.  It so happens that they are the ones benefiting. They are complaining about themselves, for heavens sake.

Their concern for the poor is actually a smokescreen for their robbery of the poor.

"He who smelt it, dealt it."

Published on Zero Hedge (http://www.zerohedge.com)

Home > What Causes The Growing Wealth Gap In America?

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What Causes The Growing Wealth Gap In America?

By Tyler Durden

Created 05/01/2013 - 17:03

A major issue in America today is the growing gap between the rich and the poor, and the popular narrative is that the disparity is caused by capitalism run wild and only the firm hand of government can fix the problem. But what if this narrative has it backwards? What if the growing wealth disparity in America is actually caused by the government? Take Warren Buffet, a man often at the center of this debate, as not only is he a billionaire, but also a vocal advocate for higher income taxes on the rich. Many are aware of his acumen in making investments that have a "margin of safety" – or minimal downside – but few are aware of the greatest source of such safety for Mr. Buffet in recent years, the US Government.

• Ben Bernanke
• Ben Bernanke
• Berkshire Hathaway
• Bond
• Federal Reserve
• Goldman Sachs
• goldman sachs
• Gross Domestic Product
• Personal Income
• Private Equity
• recovery
• Treasury Department
• Wells Fargo

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Source URL: http://www.zerohedge.com/news/2013-05-01/what-causes-growing-wealth-gap-america