An Absolute Outrage: Top 400 Families In America Own As Much as Bottom 60 Percent Of Entire American Population!

In the midst of outrageous budget cuts in many state legislatures for education and health care and other essential needs of the American people, and with the suggestion of Congressman Paul Ryan of the House of Representatives Budget Committee that future taxes on the top incomes be lowered from 35 to 25 percent, while privatizing Medicare and Medicaid, we see the further acquisition of America’s wealth by the very super rich of our population!

The top 400 Families in America, including all relatives, owns as much total income as the bottom 60 percent of all Americans, about 200 million citizens!

America is more stratified in the past 30 years since the administration of Ronald Reagan changed tax policy to favor the wealthy, and surpasses the most stratified society before 1980, Great Britain!

Great Britain has always had an aristocracy based on heritage over a thousand years and more, but we have now managed to create a greater aristocracy based simply on greed, selfishness, and materialism than our former colonial masters!

Is this something to be proud of, that we claim to be a democracy with equal opportunity for all, and yet the truth is that such statements are a total fabrication, and that we have become a plutocracy controlled by a class that loves to perpetuate the myth that anyone can strike it rich, just to keep the masses happy in their dreaming of a reality that is not possible?

America is on the way to future civil war based on the masses eventually realizing that they have been lied to, and income levels will cause a reaction that the super wealthy will fear to see, if we do not have those most fortunate among us to start realizing their social, moral, and religious responsibility to pay a fair share of their income to better the lives of the rest of us, and make us what we claim to be but are not, a democracy of, by, and for the people!