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Inequality For All August 4, 2014

Posted by nrhatch in Books & Movies, Humor, Life Balance.
50 comments

Corporations do NOT create jobs.

Consumers create jobs by buying goods and services in the marketplace.

That’s why the erosion of the middle class is so problematic.

As the rich get richer, they don’t spend as large a percentage of their paychecks on consumer goods.

They save it . . . or invest it overseas.

As a result, businesses have to downsize and lay off workers, further eroding the economic base of the global economy.

To turn things around, we need to tax the wealthiest at historic rates, not at the ridiculously low rates of 11%  or 13.9% or 15%.

If you want a better understanding of the current economic climate, I recommend that you watch Inequality For All.

Watching this entertaining, serious, and funny 90-minute film will give you an appreciation for what’s going on, how it happened, and what needs to change to get us back on track.

If you don’t have access to the full 90-minute documentary, this Bill Moyers interview with Robert Reich does a terrific job of highlighting the highlights:

Aah . . . that’s better!

For more information:  www.inequalityforall.com

“We make the rules of the economy – and we have the power to change those rules.” – Robert Reich