Kleptonomy is a system of capitalism where the rich steal from the middle class and the poor and call this a good thing. To achieve kleptonomy, taxes are cut and social programs eliminated. Also, a kleptocracy is firmly established with the rich, to whom being rich requires any means necessary to amass additional wealth. Enough is never enough.
Similar to Kleptocracy, which is a government or state in which those in power exploit national resources and steal; rule by a thief or thieves. (Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2011. )
Similar to Kleptocracy, which is a government or state in which those in power exploit national resources and steal; rule by a thief or thieves. (Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2011. )
Our governor is espousing a kleptonomy by taxing the pensions of state retirees in order to balance the state budget, decreasing money for education and the poor, and providing tax cuts for the rich.
by Mamageek March 6, 2011