Quote:
Originally Posted by crazy_eoj
I don't understand the facination of the gap between the 'rich' and 'poor'. The poorest 5% of Americans are richer today than almost any other time in history. The living standards of the poorest 5% of Americans are better than any other group in the past. And the ability to find mobility between economic classes is unparalled in history.
If anything, it seems allowing a large gap in income in a democratic and capiltalist country may be the way to bring the poverty level up and also provide incentive for labour.
Would you be willing to give up your car in order to make sure your neighbor can't drive a ferrari? It doesn't make sense to me.
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look at the chart on the CEO multiplier.
http://heritageinstitute.com/governa...mpensation.htm
look at where canada sits in relation to the US. The vast majority of those countries listed are western democracies running capitalist economies.
hey, I am all for a flat tax rate too. 25% across the board would be fair imo too...as long as there were no loopholes.