--- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@...> wrote: > > On 04/26/2011 02:44 PM, Rick Archer wrote: > > > From Thom Hartmann's blog: > > > > Today - America has wealth inequality levels higher than at any other time > > since right before the Great Depression. In other words - the rich have a > > lot more money than everyone else. The problem is - most Americans have no > > idea just how unequal this nation is. Looking at a new study out of Duke and > > Harvard Universities - the vast majority of Americans incorrectly guessed > > that the top 20% of richest Americans own roughly 60% of the wealth - the > > real figure is that they own more like 84% of the wealth. > > > > > > > > And when respondents were asked how much wealth the top 20% SHOULD own - 92% > > of respondents turned out to be complete SOCIALISTS - preferring a wealth > > distribution like Sweden where the top 20% only own 36% of the wealth. > > Again, that's 92% of respondents preferring a Swedish economic model to the > > American model. So why is it that Republicans refuse to budge on raising > > taxes for millionaires and billionaires just a few points to 38% - whereas > > in Sweden - the top income tax rate is 56%? > > > > > > > > Americans have been duped for too long by the Republican Party - and today - > > the truth about wealth inequality in America is becoming so glaringly > > painful that it can't be ignored any longer. > > > > > > > > -Thom > > Yup, capitalism doesn't work well at all when you have 7 billion people > on the planet.
I would say capitalism does not work well in certain areas of life - like health care, education, basic human necessities. IN other ways, it could be really great, but still needs regulation cause human nature and the desire for money is too powerful a force to trust in anyone. We all need some boundaries to help us behave. It's too sink or swim and the game of opportunists, the > unethical and those who have an OCD about money. Over on Thom's forum > we have a knock down drag out with a few libertarians that think Ayn > Rand is the cat's meow. Civil War 2.0? >
