Monday, October 17, 2011

America’s Wealth-Defined Society

I would expect the top 1% are now considering that it's not their responsibility to feed the bottom 19%. Food is cheap, but you don't give a man a fish, you teach him to fish and provide an opportunity to fish. This is an inalienable right endowed by our creator and set forth in the US Constitution, which in America means jobs.

Secondly, the system which allowed the top 1% to gain their wealth, and elect politicians sympathetic to their cause, promised a welfare state that the US is saddled with for the next 50 years. Certainly, welfare can be reformed, social security to a certain extent by providing means testing, but medicare costs will continue to rise.

Everyone must pay their fair share, which means corporations must shoulder the social costs required of every citizen, and the wealthy must pay a larger share of their income, which is a double hit to their bottom line, but that is fair.

Guest Post: America’s Wealth-Defined Society | ZeroHedge

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