frflyer

Gold Stocks: Five Points to Remember

Your comments about socialism are just more of the typical red baiting that the right can't do without. The fact is that the distribution of wealth in this country is horrible. We are the industrialized country with the worst distribution of wealth in the world. That doesn't mean anyone is calling for socialism, just capitalism which works for everyone. Trickle down economics is a sham and does not work for anyone but the top few percent. Even Warren Buffett sees this truth.
He complains that his cleaning lady is taxed at about 35% while he is taxed at about 17%. When asked whether America would continue to prosper, he said yes, the question is whether the prosperity will be fairly distributed. The working man hasn't had a raise in buying power in about 35 years, while corporate executives get 350 to 400 times the average workers pay. In the past this was more like 40 times, which is reasonable. Executives are not the only overpaid people in our society, celebrities of all kinds are way overpaid, athletes, actors etc. To assume that the ultra rich are deserving of lower taxes because they are productive, is pretzel logic. No one is that productive. And the real source of a large portion of their wealth is labor, which no longer has any political power in America.