"Stop Beating Up the Rich": The 1%'s Cry for Justice

Search form

"Stop Beating Up the Rich": The 1%'s Cry for Justice

"Stop Beating Up the Rich": The 1%'s Cry for Justice

Mon, 10/15/2012 - by Jim Hightower
This article originally appeared on Creators

It's out! This year's list of American success stories has just been published, and according to its compiler, it "instills confidence that the American dream is still very much alive."

Maybe you are one of these success stories. You might be a great public school teacher, for example, who motivated students to achieve new heights or an inventor who came up with an energy-saving device and got it to market at a fair price, generating a profit for yourself, the environment and society generally.

No, no, no. Not that kind of success. We're talking money—the flow of mammon beyond regular people's wildest dreams. That's how Forbes magazine measures not only "success," but also a person's value: You are what's in your Swiss bank account. And, just to rank last on this year's "Forbes 400" listing of America's wealthiest people, you need more than a billion dollars in financial wealth. To get into the top 10 requires at least $25 billion. And to be numero uno means you've got $66 billion socked away. Who says America is broke?

As Ray Charles sang, "Them that's got is them that gets." And sure enough, these richest of the riches got a lot richer in 2011 —the magazine gloated that these 400 swells jacked up their cumulative haul last year by $200 billion over the previous year —an average of half-a-billion each!

Now that's success, baby, especially when the typical American family's income dropped by 4 percent.

These ultra-wealthy, goes the Forbes narrative, are the "deserving rich," for they are our economy's makers and producers—as opposed to being takers and moochers, like those commoners who get Social Security, Medicare and other government help.

Before swallowing that, however, note that roughly 40 percent of these "achievers" on the list "achieved" their wealth by being well-born—they inherited the money from Dad and Mom. And all of them have indeed been takers, not only enjoying government programs, but also subsidies and tax advantages available only to the rich.

The Forbes list really says that you got special treatment—not that you are special.

But if the rich need to feel special, they can always count on the editors of Fortune. We should not be surprised that a magazine named Fortune would be empathetic to the feelings of the 1 percent, but—good grief—how embarrassingly sycophantish of the editors to hustle out a piece just before the presidential election titled, "Stop Beating up the Rich."

Written by Nina Easton, the timing of the article was less than fortunate, for it came out just as the infamous video surfaced showing Mitt Romney "beating up" the poor and the middle class, while his audience of fellow multimillionaires laughed, cheered and shouted encouragement.

Despite the timing, Mitt and company undoubtedly appreciated the writer's disdain for those who so insolently dare to criticize and even demonize those worthy ones at the top who, as she explained, "gained their wealth through their own efforts."

Also, you can almost hear the privileged ones applauding appreciatively as she scorns the divide between the 1 percent and the rest of us as a "flawed prism, marred by hyperbole, half-truths and unnecessary pessimism about what it means to succeed in America."

Passionately deploring "diatribes against the 1 percent," Easton assails critics of America's widening wealth inequality as being people who want "to raid the gold pot." On behalf of the pampered rich, she issues her own emotional "grito," wailing that critics must "stop the name-calling."

Does Easton propose any specific remedies for narrowing the wealth gap? You betcha, and it just happens to be one that's a favorite of Mitt and the multimillionaire's club — one that they prescribe for any and all of our nation's economic woes: "corporate tax reform," by which they mean lowering the corporate tax rate. Yeah, three decades of that trickle-down idea has worked so well for the middle-class and the poor, let's give 'em another jolt of it.

It's unclear why Fortune felt the need to print this piece of fluff or why Easton got the assignment, but her credit line does mention that her husband "is senior strategist for the Romney campaign." Curious, huh?

Sign Up

Article Tabs

A homeowner in Orlando made his mortgage payments on time and in full to Wells Fargo, but the bank decided to foreclose on his home anyway.

The House of Representatives voted to take the Keystone XL approval decision out of President Obama's hands.

The website’s founders maintain that their site is a legitimate expression of free speech and that they have been unjustly targeted for observation by the FBI.

Following the terrorist attacks of September 11, 2001, a nationwide "counter terrorism" apparatus emerged, and it has turned on dissenters such as the Occupy movement.

A two-day long housing protest outside the Department of Justice this week has resulted in nearly 30 arrests and several instances of law enforcement unnecessarily using tasers on activists.

Monsanto snuck a "rider" last week into the latest Senate agricultural legislation, giving the biotech giant blanket immunity from USDA action to halt potentially harmful GMO crops.

There's a big difference between our perception of wealth inequality in America, and how the real numbers add up.

Last weekend, 4,000 supporters of Binz, Zurich’s longest-established squat, were met with tear gas, rubber bullets and water cannons when a party turned into a march to protest their imminent eviction.

Tens of thousands from across the world called for new measures of liberty and dignity as they descended on Tunis to open the weeklong World Social Forum.

Tom Morello has released a free 30-minute documentary in celebration of May Day.

Call It Liberty

Less than a year ago, Justin Sane, the frontman for the punk band Anti-Flag, felt like giving up.

Obama's two proposed mega-trade deals — the Trans-Pacific Partnership and US-European Union “Free Trade” Agreement — favor major corporations by weakening regulations and strengthening intellectual property laws.

At Doha Climate Conference, Arab Spring or Silent Spring?

At the latest failed UN climate negotiations, held in Qatar, youth delegates walked out in protest joining indigenous tribes, trade unionists and students rallying for a just and sustainable economy.

Photo: Brendan Mcdermid.

What can we do when fraud is the predominant business model?