Rachel Maddow talks to Joe Stiglitz, Frank Rich about income inequality (video)


Follow me on Twitter: @aravosis | @americablog | @americabloggay | Facebook | Google+ | LinkedIn. John Aravosis is the editor of AMERICAblog, which he founded in 2004. He has a joint law degree (JD) and masters in Foreign Service from Georgetown (1989); and worked in the US Senate, World Bank, Children's Defense Fund, and as a stringer for the Economist. Frequent TV pundit: O'Reilly Factor, Hardball, World News Tonight, Nightline & Reliable Sources. Bio, .

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  • http://adgitadiaries.com/ karmanot

    Very like!

  • pappyvet

    “The Roman arena was technically a level playing field. But on one side were the
    lions with all the weapons, and on the other the Christians with all the blood.
    That’s not a level playing field. That’s a slaughter. And so is putting people
    into the economy without equipping them with capital, while equipping a tiny
    handful of people with hundreds and thousands of times more than they can use”Louis Kelso

  • hefetone

    We could have been on Mars…instead….

  • nannasin smith

    awesome..
    IRFP250N

  • Bill_Perdue

    The rich have gained trillions while working people are being pauperized in record numbers by artificially maintained unemployment. The rich, in addition to their normal profits and handouts have been gifted by the fed with over $7.7 trillion dollars ($7,700.000.000.000.00) in QE’s (1) (2) and ongoing tax cuts. Their wealth has gone from bloated to obscene.

    In the end, however they got their wealth they got it from stealing the wealth produced by workers. Profit is theft. Government handouts and bailouts, which have increased enormously under Obama, are theft. Low taxes for the rich, enacted under Bush and continued under Obama, are theft.

    It’s time to organize to take it all back, and to punish the criminals who stole it from us.

    · Call for constitutional amendments guaranteeing socialized medicine, quality housing, nutrition and trade union levels of pay and benefits for workers, students, retirees, job trainees and the unemployed.

    · Call for the expropriation of banks, financial institutions and manufacturing and transportation companies that accepted or applied for federal bailouts, to be run by councils of workers and consumers. Call for laws to criminalize hoarding large amounts of money here or overseas.

    · Call for a 100% tax on personal income over $250,000.00 a year and a 100% tax on estates over that amount.

    · End the horrors of unemployment by adopting a 30 hour work week, with full benefits, for 40 hours pay and by supporting demands for trillions to be invested in publicly owned and democratically Manhattan Project style efforts to green industry, agriculture and the infrastructure.

    · Not a penny in handouts and bailouts for the looter rich. Criminalize industrial and agricultural polluters.

    (1) Quantitative easing (QE) is an rarely used policy of central banks, like the Federal Reserve Bank or the European Central Bank to stimulate the national economy when money is scarce and it slows the economy. “A central bank implements quantitative easing by buying financial assets from commercial banks and other private institutions, thus creating money and injecting a pre-determined quantity of money into the economy.” Wiki Quantative Easing is the creation of money out of thin air.

    “In a story that sheds new light on the extent of the country’s financial crisis, Bloomberg Markets magazine reported today that the Federal Reserve lent trillions of dollars to beleaguered financial institutions, with $1.2 trillion going out on just one day in 2008. The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy,” Bloomberg reported today. ”And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates.” http://abcnews.go.com/blogs/business/2011/11/fed-gave-banks-trillions-in-bailout-bloomberg-reports/

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