Friday, June 30, 2006

More Money Than God

"He has more money than God" used to be an expression that I used when referring to someone who was extremely wealthy. This was someone special in the monied class, not just your average rich person.

We are working towards a new class of "more money than God" types in this country, the mega-rich. As the American Prospect notes in Survival of the Richest:

The right has managed to savage the institutions that produced increasing opportunity and a broader middle class in the decades after World War II -- minimum wages, trade unionism, job-security, decent health and retirement plans, affordable college and housing, Social Security that rose with inflation, and economic regulation to keep Wall Street from grabbing most of the winnings.

The middle class hasn't been so insecure since the depression. But today, unlike 1937, this epic reversal is off the political radar screen.
I heard something on the news the other day that fewer people are taking regular vacations this year. It was due to tight finances, not lack of available vacation time. What surprised me was that the reporter blamed high gas prices, not stagnant wages, as the reason for lack of money. Did he miss the news that Congress just failed to raise the minimum wage, which has not been adjusted in 9 years?

Perhaps he missed this Jon Stewart segment on the issue, Two Hundred Large.

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