We are putting our economy in the hands of people who have no idea how economics works.
If I proposed putting one private CEO in charge of all the companies in the nation, everyone would think I was nuts. But nobody has a problem with a half dozen political leaders and appointees having absolute power over these things.
Cody Willard is wrong. This is not anarchy. This is what you get when you give government total control of economics, putting taxpayer money into the economy based on their whims and politics. But nobody wants to just take that power away: it's too damn attractive to those who want that money spent on THEIR whims.
The "wealthy." A lot of people are working very hard to fix in your head the idea of a bank president when this word is used.
The income floor for the top ten percent that pays three-quarters of the income taxes is about $108,000.
The combined income, bonuses, stock options, etc. for the Forbes top 500 CEOs adds up to about $5.4 billion. If every bit of that was confiscated, it would pay for the Federal budget for about 16 hours.
You are being sold a bill of goods on what "rich" and "middle class" are in this country. It isn't the president of Citibank that's the target. It's the guy who owns that restaurant you like on Main Street. There's a lot invested in you not finding that out. It's why they had to rip "Joe the Plumber" to shreds in the media.
Current Events » in reply to The wealthy won't get laid off.
Economics
