Talk of The Villages Florida - View Single Post - Don't be afraid to say it: 'We are the 1 percent'
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Old 11-19-2011, 07:11 AM
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I read the editorial. The writer is may consider himself the moral equal of the Koch brothers but I doubt that David and Charles feel the same way about him. I'm also very wary about majority populist rule. It's always been easy to target a group or a class as the enemy. The Germans did it to the Jews. We've done it to Native Americans, Jews, the Irish, and on and on. Now we do it to the Muslims. The 99% is something a bit different. The 1% now control 42% of the nation's wealth. The richest 400 people own more than the bottom 150 million of us. When 70% of our economy comes from consumption, does it seem good for the country to make the 1% richer? Should we be lower the top marginal rate from 32% down to 25% and further consolidate the nation's assets to a small group of super rich people? I don't think so but, as I said before, everyone entitled to their own opinion.