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.
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