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9 Apr, 2015

Robert Reich: How Big Money Is Buying Off Criticism of Big Money – Truthdig

Not long ago I was asked to speak to a religious congregation about widening inequality. Shortly before I began, the head of thecongregation asked that I not advocate raising taxes on the wealthy.

He said he didn’t want to antagonize certain wealthycongregants on whose generosity the congregation depended.

I had a similar exchange last year with the president of a small college who had invited me to give a lecture that his board of trustees would be attending. “I’d appreciate it if you didn’t criticize Wall Street,” he said, explaining that several of the trustees were investment bankers.

It seems to be happening all over.

Read the rest: Robert Reich: How Big Money Is Buying Off Criticism of Big Money – Truthdig.