Comment

Don't Blame the 1% for America's Pay Gap

21
Achilles Tang4/24/2012 10:00:30 pm PDT

re: #20 Bob Levin

I’m not sure anyone is arguing that some of the spending habits of the 1% are not completely insane. I wouldn’t know what to do with a 24 million a year bonus. It wouldn’t encourage me to work twice as hard next year. I’d wish them luck in finding my replacement. The increase in tax rate is solving the government’s problem. It’s not solving individual problems, or societal problems. The government is saying—our problems are your problems.

Well thank you, Uncle Sam.

I think we are at cross purposes. Nobody, at the moment, is talking of spending habits.

The issue is, ultimately, the accumulation of wealth, which translates to an accumulation of control (nothing to do with spending) resulting in a plutocracy (aka Citizens United), which is essentially what every tin pot dictatorship is, even though they may have arrived there by different routes.