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Thom's blog
The Wealthy hoard money, while holding the middle class hostage
The heirs of the Wal Mart fortune – the Walton family – have gotten a lot wealthier since the Bush recession began in 2007, while the rest of us have gotten a lot poorer. According to data from the Federal Reserve, median family wealth in America dropped by nearly 40% between 2007 and 2010. But, during that same, the wealth of the Walton family increased 22% to nearly $90 billion.
So now, the six Walton heirs have more wealth than 48 million American families – or more than 41% of all American families – COMBINED. And yet, despite the incredible wealth disparity – Republicans in Congress are pushing for even more tax breaks for the Wal Mart heirs – and other millionaires and billionaires who fund Republican candidates.
This is a make-or-break moment for the American middle class, as Democrats try to extend tax cuts for working Americans, while cutting them off for the Walton heirs. We’ll see if Republicans go along with this common sense solution, or if they hold the middle class hostage so that their billionaire buddies can hoard even more wealth. Stay tuned.
-Thom
(Will common sense prevail? Tell us here.) |
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Tonight on The Big Picture on RT TV at 9pm and 11pm... Hey, you don't do business alone... (check your local listings for stations or stream at RT, and catch past shows on Youtube)
Need to Know: Hey, you don't do business alone...
The Best of the Rest of the News...
Wal-Mart heirs own 40% of America's wealth?- Dean Baker, Economist, Center for Economic and Policy Research / Author, The End of Loser Liberalism: Making Markets Progressive 
Bain off-shoring victims beg Romney for help- Josh Eidelson, Salon.com 
Daily Take: How to marry a millionaire...corporate "person"
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Wednesday on The Thom Hartmann Program, 3-6pm ET
Hour One: How to marry a millionaire...corporation
King County, WA issues marriage license to corporate person- Angela Marie Vogel, "Bride" of the corporation / Activist-Envision Seattle
Hour Two: Term limits...what we need to help fix congress?- Robin Fawsett, Management Labor & Employment law partner (Shutts & Bowen LLP) / author, American Manifesto
And, the best of the rest of the news and your calls right here on...
The Thom Hartmann Program...your media support group for "we the people"...TAG, YOU'RE IT!!!!!!!!! (OCCUPY SOMETHING!!!!!)
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Tuesday's Daily Stack 
Quote: "I believe that there should be a very much heavier progressive tax on very large incomes, a tax which should increase in a very marked fashion for the gigantic incomes." -- Theodore Roosevelt.
Hour One: What is Romney hiding?
Hour Two: Romney's Bain departure and why it matters... - Matthew Vadum, Senior Editor, Organization Trends and Foundation Watch-Capital Research / Author, "Subversion Inc."
Hour Three: The LIBOR scandal and why it's important...- Congressman Dennis Kucinich (D-OH, 10th District)
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Thursday on The Thom Hartmann Program, 3-6pm ET
We'll have the latest on Bain and Romney's tax returns as the pressure mounts for him to release them...what's he have to hide???
Plus, my favorite segment of the week...Geeky Science Rocks - scientists have figured out where animals get their magnetic sense!
And, the best of the rest of the news and your calls right here on...
The Thom Hartmann Program...your media support group for "we the people"...TAG, YOU'RE IT!!!!!!!!! (OCCUPY SOMETHING!!!!!)
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Show Info
Call Thom on the show at 1-866-987-THOM (8466) (0870 974 9686 from the UK, +1 503 796 2324 from outside the US or UK).
Sign up for Thom's podcasts.
Come on over to the free chat room, where Thom hangs out during the show.
Join in the discussions on Thom's free message board.
Blog or upload videos or audios at Thom's community.
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Thom's Poll
Will Congress continue to subsidize the wealthy 1% with tax cuts?
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Watch & Listen to Thom
Thom Hartmann on the News - July 17, 2012
Dennis Kucinich-LIBOR, Kucinich Action and Nukes
Hartmann Vs. Matthew Vadum - The Importance of Romney's Bain Departure
Hartmann Callers Chime in on Romney Tax Debate
What is Romney Hiding?
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