“We pay banks for the privilege of fleecing us, a fact made obvious by the growing slice of corporate…”

September 29 Comments Off on “We pay banks for the privilege of fleecing us, a fact made obvious by the growing slice of corporate…” Category: Feed, Tumblr

“”We pay banks for the privilege of fleecing us, a fact made obvious by the growing slice of corporate profits generated by the financial sector. Employment in the financial sector hovers around 5 percent of the American workforce, while they skim a third of all corporate profits off the top. They create nothing and add nothing, so in essence, a massive chunk of American profit is made up of handling fees.””

The big “middle class” rip-off: How a short sale taught me rich people’s ethics.