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Goddammit, rich people. September 6, 2013

Posted by Erin Ptah in News Roundup.

“Among the 254 counties where food stamp recipients doubled between 2007 and 2011, Republican Mitt Romney won 213 of them in last year’s presidential election.

“Arizona Republicans Sen. Jeff Flake, Sen. John McCain, and Rep. Paul Gosar all voted against emergency relief funding after SuperStorm Sandy ravaged much of the New Jersey and New York area earlier this year. Now, following an Arizona wildfire, the same trio is vocally complaining that the Federal Emergency Management Agency (FEMA) is not doing enough to aid their state.”

Instead of putting all the onus on consumers to spend more, why not encourage companies to re-invest some of the record-level piles of cash they’re holding on to? As of 2012, there was $1.45 trillion being hoarded rather than passed on to employees.

“Mara Branco noted they were still well before the payment deadline, but she said Paychex told her it was instructed by Russell Reid not to accept any more payments from the Brancos.” That’s payment for a bone marrow transplant to fight acute leukemia. The amount of money extant? Twenty-six cents.

The condition of poverty imposed a mental burden akin to losing 13 IQ points, or comparable to the cognitive difference that’s been observed between chronic alcoholics and normal adults.”

People driving luxury cars are more likely to fail to yield to pedestrians in the crosswalk and to engage in other unethical, antisocial behavior, according to a study published in the Proceedings of the National Academy of Sciences.”


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