Quote:
Originally Posted by MerlinX";p="
Quote:
Originally Posted by raytri";p="
5. The wage disparity is probably even greater, because the IRS estimates that it taxes 99 percent of wage income but only about 70 percent of business and investment income, because those categories rely far more heavily on accurate self-reporting.
Are those all worthy of ignoring?
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This widening income gap does not mean that people are getting poor so much as others are getting rich. And there is nothing wrong with this. Or are we now to judge wealth (or lack thereof) by what others have, rather than what we ourselves have? |
People are losing ground. Saving rates are nonexistent. Credit card debt continues to be the foundation of economic activity. The wealthy- whether they deserve it or not- will always be able to move their wealth into the most advantageous currencies or wealth producing products while the rest of us experience the full impact of domestic policies. Power always concentrates wealth.
P.S. the more ancient measurement for a cubit is 20.64 inches (couldn't help myself.)