The recent spate of letters decrying the Occupy Wall Street rallies across the nation strikes me as not only transparently partisan but laughably hypocritical. To criticize a movement that is but weeks old as “disjointed” and “unorganized” in one breath and then once again raising the spectre of sinister covert meetings financed by the wingnuts’ bogeyman George Soros simply do not mesh.
Yes, there is outrage against K Street’s corporate greed directing the course of the nation’s economic policy and Big Oil pulling the strings concerning our energy policy; this is not a rebuke of capitalism, but a warning against what happens when power is in the hands of the rich (we escaped King George, a monarchy, but how exactly is a plutocracy much better?).
When the Koch brothers (combined wealth: $50 billion) can not only dictate U.S. energy policy through relentless lobbying and well-ingrained cronyism but also heavily fund the tea party (irony alert: the grassroots, leaderless movement, remember?), there is a serious disconnect.
Aside from that, these are the very ultra-wealthy people trumpeted by congressional Republicans as the supposed job creators; in fact, Koch Industries has shed tens of thousands of jobs over the last half decade.
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Finally, I would like to correct myself. In a letter some months ago, I used the term “wealth” when I should have used “income,” and in another example I should have used the total of income and wealth (i.e., material goods, stocks and bonds, etc.) in pointing out the huge discrepancy regarding what is now known as the 99 percenters, which I’ll assume comprises most every single letter writer featured in the Herald.
Unfortunately, it’s even worse than I previously stated: The top a percent of the nation makes nearly 22 percent of the income in addition to controlling 40 percent of the wealth.
Whose side are you on?