Each week, we cover the stories that are just left out of the US propaganda machine. News that the people in charge, the corporations and your government want keep from the public eye.
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Common Dreams:
"It’s a perfect storm. And I’m not talking about the impending dangers facing Democrats. I’m talking about the dangers facing our democracy.
First, income in America is now more concentrated in fewer hands than it’s been in 80 years. Almost a quarter of total income generated in the United States is going to the top 1 percent of Americans...
Washington says nothing can be done. There’s no money left.
No money? The marginal income tax rate on the very rich is the lowest it’s been in more than 80 years. Under President Dwight Eisenhower (who no one would have accused of being a radical) it was 91 percent. Now it’s 36 percent. Congress is even fighting over whether to end the temporary Bush tax cut for the rich and return them to the Clinton top tax of 39 percent.
Much of the income of the highest earners is treated as capital gains, anyway — subject to a 15 percent tax. The typical hedge-fund and private-equity manager paid only 17 percent last year. Their earnings were not exactly modest. The top 15 hedge-fund managers earned an average of $1 billion.
Congress won’t even return to the estate tax in place during the Clinton administration – which applied only to those in the top 2 percent of incomes.
It won’t limit the tax deductions of the very rich, which include interest payments on multi-million dollar mortgages. (Yet Wall Street refuses to allow homeowners who can’t meet mortgage payments to include their primary residence in personal bankruptcy.)...
No money? The marginal income tax rate on the very rich is the lowest it’s been in more than 80 years. Under President Dwight Eisenhower (who no one would have accused of being a radical) it was 91 percent. Now it’s 36 percent. Congress is even fighting over whether to end the temporary Bush tax cut for the rich and return them to the Clinton top tax of 39 percent.
Much of the income of the highest earners is treated as capital gains, anyway — subject to a 15 percent tax. The typical hedge-fund and private-equity manager paid only 17 percent last year. Their earnings were not exactly modest. The top 15 hedge-fund managers earned an average of $1 billion.
Congress won’t even return to the estate tax in place during the Clinton administration – which applied only to those in the top 2 percent of incomes.
It won’t limit the tax deductions of the very rich, which include interest payments on multi-million dollar mortgages. (Yet Wall Street refuses to allow homeowners who can’t meet mortgage payments to include their primary residence in personal bankruptcy.)...
The perfect storm: An unprecedented concentration of income and wealth at the top; a record amount of secret money flooding our democracy; and a public becoming increasingly angry and cynical about a government that’s raising its taxes, reducing its services, and unable to get it back to work."
-Robert Reich
-->The perfect storm threatening our democracy will not be a subject of our national media, which is owned by that tiny minority of US citizens who are so egregiously abusing America's working class.
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Common Dreams:
"Take the comparative news and feature coverage of Glenn Beck’s rally in Washington, D.C. on August 28 with the rally at the same place a month later, organized by 400 progressive labor, religious, civil rights, student and environmental groups.
In the Washington Post, it was not even close. For the progressive rally of comparable size, representing tens of millions of Americans, the Post devoted a short article presaging the event and a regular news story that day on page 3, which cited Mr. Beck’s preposterous estimate of 500,000 for his meeting (A CBS-retained consulting firm estimated Beck’s rally drew just under 90,000).
For the Beck rally, the Post went all out. A huge page one story spilled generously onto the inside pages. The FOX network talkers’ assembly got articles proceeding and after the gathering. The Times, while not so gushing, did manage to give Beck a startling ego-inflating headline—'Where Dr. King Once Stood, Tea Party Claims His Mantle.' And Beck is a TV media man promoting political action, a role that formerly was taboo.
The op-ed pages showcase the news media’s rightwing bent even more than the news articles. The op-ed pages of the Post are over-represented with war-mongering columnists and contributors. The media watchdog FAIR reported in their monthly magazine Extra that, in one nine-month period during 2009, the ratio of op-ed’s supporting wars and interventions outnumbered op-ed’s by the anti-interventionists by ten-to-one. This in an overwhelmingly liberal Democratic city, no less."
-Ralph Nader
-->For the "Perfect Storm" threatening our democracy, we get a media obsessed with right wing propaganda and war talk. To change America, we must end the dominance of the corporate based national media.
