The Undoing of America

[townhalleditor]

The mentality that is crumbling America bit by bit can be found in the Republican Party:

news.yahoo.com/anti-tax-conservatives-no-tax-increase-deal-135031595--finance.html

Fiscal conservatives say, "no" to tax increases and "no" to wealth redistribution.

But I ask, "If you oppose the redistribution of wealth, you should have opposed measures that took from the middle class and gave to the rich in the form of tax breaks.

"In the United States, wealth is highly concentrated in a relatively few hands. As of 2010, the top 1% of households (the upper class) owned 35.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 53.5%, which means that just 20% of the people owned a remarkable 89%, leaving only 11% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.1%. Table 1 and Figure 1 present further details, drawn from the careful work of economist Edward N. Wolff at New York University (2012)."

www2.ucsc.edu/whorulesamerica/power/wealth.html

Capitalism is an illusion perpetrated by those who undermine its pure intent of rewarding hard work.

I might add, this "me" attitude can be directly attributed to the loss of valuing life etc. Kids aren't stupid.

[TW]

Wow! When you look at how much money ends up in whose pockets, and the chasm between the wealthy and the vast majority of us, it's hard to believe any American would support a plan that would favor the wealthy over everyone else.

What people don't recognize is that even if the products manufactured by American companies overseas are taxed heavily, they still won't cost as much to manufacture as they would here, in the US. The reason? When you can have child labor making clothes for $1 to $2 a day, in sweat shops, and materials are cheap, you can't do that here.

The problem is, the rake off by government officials in that foreign nation followed by the huge profit picture generated through the chain of distribution, right up to the point of consumer purchase. That's where the greed is.

We'd just be taxing the greed and corruption in all reality, not the product itself.

Obviously that's not what the free enterprise system was intended to be in the first place. It deals more with Adam Smith's theories of supply and demand, but doesn't transcend continental borders, or allow for unscrupulous people entering the system, and turning it into a slave labor camp. That's essentially what most Asian manufacturing has become.

[happypacker]

the rich contro; supply and demand. the rich CEO pay on an ave is growing each year, and from 2000 to 2009 the wealthys income has risen at an astonding 880%, all while the working public has risen less than the ave cost of living.
do you think the working majority has any say in this? do you think that while it is nessary for the wealthy to cut American jobs and there health care and pay, has anything to do with where they are geting the money for themselves.

If the wealthy really wanted to be a moral and still the rich they should find a way to make money by selling more product at a reasonable price for almost all. Instead of laying off and cutting health care, the easy brainlees way. and all at the expense of the working majority

like was said, the public see it coming for years, but some said it does no affect them, then it does and the ones with alittle more income say it i see what they didi but i am fine, then it comes after that income level, and the next higher say it does not bother me, until there is nobody remaing to help. that day is be sped up it is coming faster than many realize.