It’s not like I’ve had the same tagline for nearly two years now...
And one of the hallmarks of a liberal is not that he hates poverty, but that he hates wealth.
Import tens of millions of 3rd world illegal and legal immigrants and then ask yourself why you have an income gap? Geez, are these people stupid?
Not the entire US....but the parts that are are growing.
How Ben Bernanke Sentenced The Poorest 20% Of The Population To A Cold, Hungry Winter
“Stein reminds us of Merrill Lynch analyst Henry Blodget in the last overdone market; Merrill hyped tech stocks to investors, while Blodget privately called them junk to his friends. In 2003, he was permanently disbarred from the securities industry.”
—strangely enough, there is no comment about what percentage of taxes those “haves” pay vs. the “have nots”-—
but the real story is that the big increase in the gap occurred after the Democrats during the Clinton era made equity compensation of executives acceptable with their demogogic $1,000,000 limit on deductibility of salary. That plus an historic bull market created this travesty. No custodial manager deserves 500 x the salary of the average employee. Boards who allow this should be fired for breach of fiduciary duty.
We won’t be happy until we run this country into the ground from within. Have a care.
Of course permitting minimum wage (or less) unskilled workers and welfare mama babies from Third World countries really skews the stats, doncha think?
“One of the hallmarks of banana republics, says the NYT’s Nicholas Kristof, is income inequality.”
A simplistic and childish class warfare style analysis. The question isn’t income inequality. It’s how does the income inequality occur.
In a free market, massive income inequality can occur when the best and brightest create massive wealth, jobs, innovation, etc. That rising tide lifts all ships.
In a banana republic, massive income inequality occurs when the wealthy collude with a corrupt government to bilk money, power, and resources from the citizenry.
Establishment republicans and democrats hate the former and participate in the latter. That’s why we are starting to look like a banana republic, and an instinctive or studied understanding of that is part of what is motivating the awakening called the TEA Party.
It’s the fault of the moderates and the liberals.
Well I think a designated 50% personal income tax on billionaires is in order.
Good grief! EVERYBODY knows the proper ratio for “C.E.O.s of the largest American companies” is to “earn an average” of 39.7 times as much as “the average worker”! Why, we used to sit around the corporate comp group in the oil company I worked for and dream up ways to maintain that ratio! If the ratio of “average worker” pay has declined so much with respect to CEO’s, just imagine what has happened to the ratio for journalists! Something EVIL is going on out there!
While Texans beat their chests, Parkland Hospital in Dallas delivers almost 1000 babies per month from illegal aliens.
Is there anyone out there that thought this would end well?
And we ought to be thankful that this cover story can't be true, because if it were, that would mean that it's come to this: the President of the United States going hat-in-hand to persuade a 2nd world nation to give us back the jobs we outsourced to it over the last 20 years. And it would mean that we've reached the point where we're supposed to celebrate the "creation" of 50,000 call-center jobs. Oh, my, how the mighty would have fallen, were the story true.
That sounds bad when libtards drop context. What do the rich do with their income? They invest it, providing more jobs and they spend it on consumption which helps other producers gain income.
Its always been true everywhere, especially in Monarchist, Communist and Fascist countrys.., and will remain true..
Where is the problem?.. Someone must manage and jobs must come from somewhere..
OZ only exists in the movies.. or mexifornia...