Rich Get Richer

I read an article by a man from Finland.  He wrote they had rich people in Finland, but there is a level at which they would become embarrassed.

 

In the United States CEOs of large corporations make over 260 times more than the average American worker. In many other countries everybody wants to be rich, but there is a limit. You cannot become a billionaire stepping over children sleeping in the street. That is not what this country is supposed to be about. Enough should be enough.

 

In 2007, the top 1 percent earned 23.5 percent of all income. During the 1970s it was about 8 percent and in the 1990s it was around 16 percent. The people at the top are getting a bigger and bigger chunk of all income. We hear about the top 1 percent. The top one-tenth of 1 percent took in 11 percent of total income in 2007.

 

The last time that type of income disparity took place was in 1928. Remember 1929.

 

If working people, the vast majority of the people, do not have the income to spend money to buy products and goods and services, jobs will not be created. If all the of the money or a big chunk of the money ends up with a few people on top, there is a limit to how many limousines you can have. When so few have so much, it is not only a moral issue, it is also an economic issue.