By Robert Reich – “We renew our resolve that America will never be a socialist country,” Donald Trump said recently. Someone should alert him that America is now a hotbed of socialism. But it’s socialism for the rich. Everyone else is treated to harsh capitalism. In the conservative mind, socialism means getting something for doing…
Tag Archive for Rich
There’s No Correlation Between Work and Worth
By Robert Reich – What someone is paid has little or no relationship to what their work is worth to society. Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider…
The Rise of the Non-Working Rich
By Robert Reich – In a new Pew poll, more than three quarters of self-described conservatives believe “poor people have it easy because they can get government benefits without doing anything.” In reality, most of America’s poor work hard, often in two or more jobs. The real non-workers are the wealthy who inherit their fortunes.…