The richest people in America hoard excruciatingly high amounts of their money. 37 percent of their income goes unspent.
Corporate profits are the highest they’ve been since the mid-20th century. In the third quarter of 2012, corporate profits stood at 14.2 percent which is higher than they’ve been since 1950. Corporations have earned 20 percent more than the previous year since the crash in 2008 and one percent captured 121 percent of income gains since that same year.
How do they accomplish it? Political control combined with thought control.
Less than 0.01 percent of the nation’s population contributed 28 percent of the country’s total political contributions.” That’s a lot of muscle that the wealthy have on Capitol Hill. And, of course, the wealthy are going to spend on politicians who are going to look after their money-driven interests. In 2012, the wealthy gave nearly $2 billion in political contributions and 84 percent of Congress took in more from the 0.01 percent than they did from all other donors combined.”
Owners or publishers of the media dictate what to cover in their the newspaper and TV and radio stations. Six companies control 90 percent of the news providers.
Joseph Pulitzer, who the prestigious journalist prize is named after, said "Always oppose privileged classes and public plunderers, never lack sympathy with the poor, always remain devoted to the public welfare, never be satisfied with merely printing news, always be drastically independent, never be afraid to attack wrong, whether by predatory plutocracy or predatory poverty."
Don't expect that to appear on the masthead or mission statement of the media corporations.
The list of the wealthiest American politicians can be read here. The rich take care of the rich.