Monday, February 20, 2012

Romney on income inequality and 'quiet rooms'

Romney on income inequality and 'quiet rooms'
I love this post.

Forgive us Mr. Romney, but here is where some of us have a problem with the massive shift in wealth and income away from the middle class and to the top 1% and even the top .1%. Throughout most of the last 30 years virtually the entire growth in GDP has gone to this small fraction of the population. If the basic paradigm of capitalism is correct there are two possibilities: First, all of the growth in GDP had to have been reward for the work of the guys at the very top – pretty much the top management of the larger corporations. Everybody else, (really everybody else) computer programers, auto mechanics, doctors, nurse, engineers, school teachers, truck drivers, bar tenders, etc., contributed next to nothing. Or, the second possibility, somebody screwed with the game and loaded the dice in favor of the guys at the top.

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