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Yes, the rich are at war with the middle class. The news is littered with example after example of rich people making decisions to benefit the corporate bottom line...the owners, the shareholders, at he the expense of the customers & employees.
You see it in healthcare, where insurers cancel the policies of the sick, & make policies for individuals unaffordable. If you have no job & you get sick, you are SOL in the USA.
You see it in airlines, where fuel prices have come down, but the new ticky tack fees on baggage remain.
You see it in the food isle, where food makers give you smaller & smaller products for the same dollar. Profit margins get fatter for the owners, but the customers get less & less value.
The war is in the halls of congress, where lobbyists for corporate america water down wall street reform & destroy the public option. Meanwhile the people running for congress are increasingly people who purchase their seats because they are billionaires.
The war continues in the entertainment industry. Movie prices march higher, but movie quality declines; hollywood can only produce sequels & 80s comics now. Tickets at major sporting events are excluding the middle class. Telecoms are about to dispose of net neutrality & create a tiered internet.
The war manifests in every company that hires an illegal alien over an american worker, every company that makes its shoes, toys, clothes, & computers in china. Corporate executives & shareholders win, american workers lose.
The banking industry may be where the war is most obvious, as banks charge $40 fees for overdrafts & check stops, $5 to withdraw your own money, & jack up credit card rates from 20 to 30%% on card holders stuck with maxed out cards. Meanwhile these same banks borrow money from the fed at zero percent, get billion dollar bailouts when their back room derivative bets fail, & pay themselves billions in bonuses. Big Banks are making more money then they've ever made, in one of the worst recessions in a generation.
I could write a book about the oil industries war on americans...how it manipulates price swings to maximize profit margins, how dark market forces drive up the price of oil, how oil companies get the biggest tax breaks of any industry, at the same time being the most profitable industry on earth. BP can dump 200 million gallons of oil into the gulf, wreck the economies of several states, but there's not a whiff of bankruptcy or justice in the air.
Yeah theres a war going on in america. Corporate america versus its consumers & employees. Guess whose winning...
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