Over the last three decades, wealth has become increasingly concentrated at the top. The middle class is struggling with stagnant wages and a growing class gap; poverty rates are soaring; the jobs crisis seems never-ending; and a growing number of Americans are suggesting it’s time for a larger conversation about economic inequalities and tax fairness.
Some of the responses to these developments are more ridiculous than others.
In a promo for the upcoming “Your Money, Your Vote” Republican debate on CNBC that aired on today’s edition of Squawk On The Street, a voiceover asks, “How will candidates end the war on wealth?” During the voiceover the ad shows images of the Occupy Wall Street protests.
Yes, this is what it’s come to: “How will candidates end the war on wealth?”
This wasn’t Fox News, mind you; it was CNBC.
This was also part of a promotional effort for an upcoming debate for Republican presidential candidates, each of whom will be eager to talk about their desire to cut taxes for the wealthy even more, as if the rewards for wealth that are already in place, ensuring that the rich keep getting richer, aren’t quite sufficient.
The New Gilded Age must be solidified … because the alternative is a “war on wealth.”
What a twisted worldview.