Saturday, December 21, 2013

Inequality for All



When did Greed become Good?
I just came from the theater. This film was fantastic. I am so glad that I saw it and I want everyone to see it. I'm buying a copy right now. So many people are angry... The television is filled with the voices of angry people... But the anger comes from not knowing the source of our suffering. It's not the government, it's not the media -- it's the inequality!! I feel like Chicken Little - I want to run through the city calling "TAX THE RICH!! TAX THE RICH!" I'm married to a Swede, and I can assure you that taxation that creates equal education for all, housing for all, health care for all and so much more results in a society that is a real community, and enjoys a high standard of living - surpassing the United States on almost every index. Robert Reich's film is a devastating indictment of the unbelievable greed that is protected and enshrined in 21st century America.

An insider's critique of American financial politics and media
As far as this goes, it's a worthwhile examination of the repeated pattern that Robert Reich identifies in US economic history: that the widest income gap precedes and apparently precipitates a crash. He describes compares the related graph to a suspension bridge, with the highest peaks in 1929 and 2008.

The sharp increase of the income gap is solely due to the highest-income people claiming that they deserve to pay a lower rate of taxes than everyone else -- and gaming the political system to get their way. They claim to deserve huge tax breaks because they are "job creators"... However, as one wealthy business owner admits, his money mainly goes into offshore investments, and his own purchases don't support the economy. The most wealth-generating business model in fact results in exporting jobs from the United States.

The reviewer who panned this film, dismissing it as leftist, evidently has not seen it at all. In fact the stats show productivity is higher than...

everyone should take time to watch it
I think every one should watch this movie, although the movie theater was empty I really liked all the valid points brought up

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