Writing in Think Progress, Pat Garafalo reports that billionaire Sam Zell blamed growing poverty and income inequality on social programs that are “deincentivizing” the poor. Zell said that rather than blame the 1%, we should focus on programs that give people something for nothing.
Maybe Mr. Zell should look at bankruptcy laws that have let his Tribune Corporation get out of liabilities while paying bonuses to executives. The same laws are written to trap working people and the poor in debt to banks for credit card balances and student loans. Why is there one standard for billionaire-owned corporations and another for working people? Isn’t that welfare for the wealthy?
Working people and the middle class should stop buying Zell’s newspapers, listening to his radio stations, and watching his TV stations. He doesn’t deserve our support.