Howie, I have disdain and dislike for freeloaders and those who scam taxpayers, whether they’re defrauding welfare or Medicaid or ripping off pension funds on Wall St. I want them all equally investigated and prosecuted.
I have intense disdain for the hypocrites in Congress who intend to slash benefits for low-income people on SS or Medicare because it’s easier to make deep across the board cuts than to really delve into the problems to find solutions.
Whether you like it or not, the middle class, the working class is falling further behind every decade. They actually have a lower median income today than they did 30 years ago. There is something very wrong with how we’re practicing capitalism and governance when the middle class, the heart beat of country, is in decline. We need to heed the warnings many good, serious people are sounding — including Reagan’s budget director, David Stockman.
Did you know that the amount of wealth created on Wall St. that goes to individual investors is less than 2 percent? Did you know almost three-quarters of the cumulative wealth created on Wall St. in the last thirty years has gone to the fund managers, not the actual investors, both individual and institutional. The managers who make no investment of their own, put up no capital of their own and take no risks of their own funds are capturing 75% of all wealth creation on Wall St.
That’s a perversion of the very idea of capitalism, which is supposed to be owner-controlled, not manager-controlled.
How on earth can you not be concerned about the lower and middle income vast numbers of US citizens?
Howie, I have disdain and dislike for freeloaders and those who scam taxpayers, whether they’re defrauding welfare or Medicaid or ripping off pension funds on Wall St. I want them all equally investigated and prosecuted.
I have intense disdain for the hypocrites in Congress who intend to slash benefits for low-income people on SS or Medicare because it’s easier to make deep across the board cuts than to really delve into the problems to find solutions.
Whether you like it or not, the middle class, the working class is falling further behind every decade. They actually have a lower median income today than they did 30 years ago. There is something very wrong with how we’re practicing capitalism and governance when the middle class, the heart beat of country, is in decline. We need to heed the warnings many good, serious people are sounding — including Reagan’s budget director, David Stockman.
Did you know that the amount of wealth created on Wall St. that goes to individual investors is less than 2 percent? Did you know almost three-quarters of the cumulative wealth created on Wall St. in the last thirty years has gone to the fund managers, not the actual investors, both individual and institutional. The managers who make no investment of their own, put up no capital of their own and take no risks of their own funds are capturing 75% of all wealth creation on Wall St.
That’s a perversion of the very idea of capitalism, which is supposed to be owner-controlled, not manager-controlled.
How on earth can you not be concerned about the lower and middle income vast numbers of US citizens?