Comments on: The permanent class divide Sun, 28 Jul 2013 14:34:09 +0000 hourly 1 By: BarryWJackson Fri, 19 Apr 2013 01:08:40 +0000 Henry Ford, on beginning production, paid his workers more than the going rate. Braced by other owners of businesses, he explained he wanted his workers to buy Model T’s. Adam Smith emphasised that workers should be paid adequately, that owners might try to underpay them, but patriotism and ethics could restrain them. The Global Plutocracy has many members that consider themselves Global citizens, having no patriotism for any country. And Greed trumps ethics for many. The Plutocracy continues to gain wealth, even skimming “wealth” from the poor, the Middle Class, even from the mere millionaires. I have read that the 200 wealthiest persons have more wealth than the poorest half, 3.5 billion persons, of the World. Chrystia Freeland, in the Atlantic, has written that their gains will continue until the Plutocrats realize that they need the rest of us. (And see her “PLUTOCRATS THE RISE of the NEW GLOBAL SUPER-RICH and the FALL of EVERYONE ELSE”.) When the rest of us do not have the money to buy all of the production of the investments of the Plutocracy, production will decline, and their investments will decline in value. It appears to me that this has started. Will the Plutocrats now understand their course of action in gaining wealth from the poor, the Middle Class, and the mere millionaires, is self-defeating, and realize that they need the rest of us? Or, when many of us others have no money to buy bread, will Plutocrats tell us to buy cake? And will our “experts” finally realize that this is happening? I see no indication that they have. Our collective stupidity is mind boggling! o

By: LeeMulcahyPhD Mon, 08 Apr 2013 01:25:44 +0000 One day the rich will have no where to go, and the poor will be waiting…

Then they should come & throw a class war in…. Aspen?

Dear Chrystia, I know you debated Walter Issacson at the Aspen Institute’s Aspen Ideas Festival in 2012. I live in Aspen 4 blocks from petty tyrants who also are billionaires.

Guess what? They own Aspen Skiing, and part of General Dynamics, a merchant of death, and Wall Street’s JP Morgan Chase.

Walter is … partial to them. Can you talk some sense in him? I’m a loud mouthed Texas artist who he banned from the Aspen Institute: See ROFL comments too: 13/NEWS/121219954&mode=comments

By: Timmie Sun, 24 Mar 2013 22:19:51 +0000 One only has to look around to see the income gap. We are living in a false economy where the players are taking from the global workforce and have no loyalty to their countries of origins.
Global output is awarded to the lowest bidder. The wheel is coming off the cart, and soon it will be payback. IE: Eurozone fiasco..US financial ripoffs…Rise of China…War in all the wrong places for the wrong reasons. Little investment into the well being of poor countries…One day the rich will have no where to go, and the poor will be waiting…

By: Acetracy Sun, 24 Mar 2013 14:23:24 +0000 Chrystia, the growing class divide is almost 100% due to the US tax structure. While a middle class family has seen their total taxes rise by nearly 4x in the past 3 decades (social security, sales tax, real estate tax, excise taxes) coupled with huge increases in healthcare insurance and education costs (multiple of 10+ in 3 decades), the class of hedge fund managers, venture capitalists, corporate chieftains have seen their take home balloon due to the incredibly low tax rates on capital gains, dividends, and investment real estate.

If I add up all the taxes I pay on a low six figure income, my effective tax rate is over 55%. ANd that does not include healthcare insurance, education and funding my own retirement. Yet, as we know Mitt Romney and Warren Buffett have an effective tax rate under 15%.

It’s ironic that Brookings Inst. funded this research since they continually push for lower taxes on the rich and reduction on middle class entitlements like social security and medicare. Why? Because the rich that fund Brookings are the very same ones that fund the campaigns of Congress.

By: Pilgrim1620 Sat, 23 Mar 2013 19:43:50 +0000 The vast majority of illegal aliens from Mexico and Central America are uneducated and illiterate in their native language. A look at California’s Central Valley shows that many stay uneducated for generations. And this is the fastest growing segment of our population.
Maybe we can get the left wing “Dudley Dorights” to accept the reality that our social welfare programs are responsible for much of the income gap!

By: bluepanther Sat, 23 Mar 2013 18:16:51 +0000 I would say many, if not most, Americans respect and admire entrepreneurs who became rich if they provided products or services that made life better or easier. However, how can you respect the “vampire squids” of the oligarchy from banks and other financial institutions “too big to fail” who reward themselves while they drive their companies into the ground?