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by on January 6, 2014

Damn, this is just sad and dangerous.  Kochs far outpacing everyone else in shadow political donations.

“The filings show that the network of politically active nonprofit groups backed by the Kochs and fellow donors in the 2012 elections financially outpaced other independent groups on the right and, on its own, matched the long-established national coalition of labor unions that serves as one of the biggest sources of support for Democrats.”

http://www.washingtonpost.com/politics/koch-backed-political-network-built-to-shield-donors-raised-400-million-in-2012-elections/2014/01/05/9e7cfd9a-719b-11e3-9389-09ef9944065e_story.html

Even rich investors see the major problems with rising inequality.

“We’re not just experiencing a new Gilded Age, but a Bitcoin Age,” says Mr. Gross, referring to the digital currency. “Artificial money, corporate K Street, and Wall Street interests are producing one world for the rich and an entirely different world for the working class,” says the founder and co-chief investment officer of PIMCO in Newport Beach, Calif.

“It can’t go on like this, either from the standpoint of the health of the capitalist system itself or the health of individuals and the family,” he adds.”

http://www.csmonitor.com/USA/2014/0105/Income-inequality-Does-wider-gap-between-rich-and-poor-threaten-capitalism

 

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One Comment
  1. I’m glad that Gross has begun to disbelieve the “bond vigilante” scare tactics which seek to neuter MMT-like policies before they can even see the light of day.

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