Meet John Arnold...

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– a hedge fund manager and former Enron trader who’s retiring at the ripe old age of 38 - with $3.5 billion in the bank. While Arnold might be a decent guy – he’s the latest poster child for corporate excess in America – where the richest people in the nation aren’t the most skilled, like brain surgeons or rocket scientists – they're banksters who make their income skimming and manipulating other people's money and contribute virtually nothing to the actual wealth of our nation. Not to mention – they also pay a lower tax rate than a lot of working class Americans.

So while Arnold retires with billions – the vast majority of working Americans scrape by, doubtful they’ll ever be able to enjoy a retirement before they die. Such is the case in post-Reagan America – the land of the oligarchs.

Thom Hartmann Administrator's picture
Thom Hartmann A...
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Dec. 29, 2009 10:59 am