Does hard work really pay off anymore?
For most of our lives, we've been taught that hard work pays off, but most of the super-rich didn't make their money by working hard. According to a new analysis by Paul Buchheit of UsAgainstGreed.org, those at the top make most of their money by betting against the American people. The wealthy elite makes a fortune by speculating on rising food prices, which means that they profit by making it harder for people around the world to afford to eat.
As if that isn't evil enough, the super-rich also bet against mortgages, so that they could make a profit when Americans could not longer afford to stay in their homes. And, once millions of Americans found themselves out on the street, the private equity firms swooped in, bought up the foreclosures, and rented them back to the very people that they swindled out of their homes. The super-rich rake in even more by gambling on Wall Street, screwing over Main Street, and buying off the politicians that help make it all possible. The only hard work that the billionaires face is walking the fine line between so-called investing and criminal activities like bribery, fraud, and manipulating the market.
Our nation used to really value hard work, and that work was rewarded with a better life and brighter future. But, for the last three decades, the super-rich have rigged the system, and managed to convince many of us that we're just not working hard enough. The time has come to stand up, speak out, and fix this broken system while we still have a chance. We work hard, we play by the rules, and we need to fight for an economy that pays off for more than the top one percent.