General Discussion
In reply to the discussion: THE RULES OF THE NEW ARISTOCRACY (by JMS, creator of Babylon 5) [View all]yallerdawg
(16,104 posts)Just this week...
Michael Bloomberg (billionaire and former NYC Mayor) was asked about income inequality. His reply was redistributing wealth from the top 20% to the bottom 20% doesn't work. "Look at Russia." We can't look at income inequality, he said, from results. The best we can do is level opportunity. And sometimes people are lucky. That's just the way it is.
Warren Buffet just said he doesn't support raising minimum wage. He thinks "Earned Income Tax Credit" is best, a Federal-subsidized program. Very convenient for a billionaire who doesn't pay income tax and doesn't want to pay higher wages. Let "the little people" fight for the scraps.
The question is, what are we going to do about it?
Or is it game over? We already lost the class warfare.