Monday, September 29, 2014

The visibly invisible

The Forbes 400 list of the richest Americans came out today and the usual suspects are at the top;  Bill Gates, Warren Buffet and the Koch Brothers.  These 4 men, plus Larry Ellison of Oracle control more than a half trillion dollars.  I don't know the percentages, but I would guess that is more than the bottom 50% of Americans own.  The inequality contained in that statement is mind boggling.  Truly, most of us have no idea how great the difference is between the 1% and the rest of us.  While we point at celebrities like Robert Downey who earns $75 million per year, many hedge fund managers make 10 times that "salary" with little or no fanfare.  I'm not jealous of the rich and famous, but I think the inequality they represent is bad for society.  We need a more progressive tax policy and an upgrade in the minimum wage and other programs for the poorest.  A more homogenous society is a happier one.

No comments:

Post a Comment