Fair Shares?

Charles Koch, once said "I want my fair share - and that's all of it."

Research by Paul Piff and his colleagues has demonstrated that the accumulation of wealth leads to a sense of entitlement and qualities of narcissism. The Chronicle of Philanthropy confirmed that Americans with annual earnings under $100,000 increased their post-recession giving by 4.5 percent. Americans who earned over $200,000 reduced their giving by 4.6 percent over the same time period. Wealthy people tend to give to colleges, art museums, and opera houses very generously. Food banks depend more on lower income Americans.

 $30 trillion has been taken  since the recession, most of it  financial gains, almost  all of it by the richest 1%, one-hundred thousand of whom made an estimated  $18 million each in three years, and most of whom are so rich that they can let their portfolios sit nearly tax-free until they die, at which point an almost non-existent estate tax ensures  nearly tax-free fortunes for their fortunate sons and daughters (only about  one out of a thousand estates are taxed).

A collection of contrived laws and policies effectively protect the wealthy:

---Capital Gains: Pay less for just owning stocks

---Carried Interest: The astonishing claim that hedge fund profits are not regular income

---Payroll Tax: Multi-millionaires pay a tiny percentage compared to middle-income earners

---Roth IRAs: A  tax loophole for the 20% of Americans who own  95 percent of the financial wealth

---Derivatives: Risky financial instruments are the first to be paid off in a bank collapse

---Bankruptcies: Businesses can get out of debt by declaring themselves insolvent, students can't.

One out of every five American children  lives in poverty, and for black children under the age of six it's nearly  one out of TWO. Almost half of  food stamp recipients are children.

According to  The Nation, there are now more homeless people in New York City than at any time since the 1970s, and the number of homeless schoolchildren is at an all-time high. 2.5 million children experience homelessness annually. 

Worldwide,  76 million children are living in poverty in the developed world, and hundreds of millions more in the developing world.

Three-quarters of Americans approaching retirement in 2010 had an average of  less than $30,000 to support them in their retirement years.

Over 200 recent  studies have confirmed a link between financial stress and sickness. In just 20 years America's ranking among developed countries  dropped on nearly every major health measure.

The working class agree with Koch. We demand our fair share and that is all of the wealth that WE collectively produce but which he and his fellow thieves robs us of. We want the lot. Everything.

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