Thanks to Truthspew for this post. It dovetails nicely with a recent post Raulito did on Trickle Down BS The only thing I would add to her explanation of Health Insurance syphoning off billions of dollars to pay CEOs and administrative expenses is the payout to shareholders - the ultimate For Profit scam on middle America.
EXTRA! EXTRA! READ ALL ABOUT IT!
Thanks to Stan at Metrodystopia, THIS ITEM: the Walton (Walmart) Six have more wealth than the lowest 30% of the entire population of the US. Keep shopping Walmart, everyone. Read about it here and here. And more detail here.
NOTE: While I attempted to verify this story, I found it difficult to do so. I found the story repeated almost verbatim in various web sites and blogs. The so-called "source" - a government report, was indecipherable for me.
Russ, at Blue Truck, Red State did a little more research and found the numbers questionable. And his point that when making an argument, we should not make up "facts" is an important one.
Perhaps the only point I can make here is "obscene wealth is obscene wealth - give or take a few million dollars".
In any case, I choose not to shop at Walmart.