The Rich Get Richer …

The rich are getting richer.

Filosofa's Word

Last night, I came across a short piece by Robert Reich, whose work I’ve shared here before.  I hadn’t, to the best of my knowledge, heard of Paul Singer before, so after reading Reich’s piece, I did some digging.  Paul Singer is one nasty man … a very wealthy, nasty man.

Robert Reich-4Robert Reich
27 December at 19:40

From time to time, I’m going to write in some detail about how the American oligarchy is shafting Americans by siphoning up the wealth of the nation for itself and corrupting our politics. Please let me know if you find these short summaries helpful.

Today’s example: Billionaire Paul Singer’s Elliott Management hedge fund, which has launched a campaign to lay off workers, sell off key assets, and extract huge short-term profits at AT&T – the iconic $270 billion company with 257,000 employees.Paul SingerSinger wants AT&T to save up to $10 billion a year…

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