I have often pointed out that inequality in wealth and
incomes has reached epic proportions, as has President Obama, but his answers
are worse than the disease. Except for a
slightly higher income tax on incomes exceeding $5 million together with
elimination of tax loopholes available to the very rich, I have never advocated
socialist policies.
As Winston Churchill once said,”Under capitalism a few are
rich and many are poor, but under socialism everyone is poor”. Churchill should also have pointed out that
in communist and in socialist countries, politically correct people somehow end
up becoming very rich without creating any wealth.
I have also suggested that globalization and welfare
policies are the main culprits in the growing inequality in the USA,
and that there are ways to work ourselves out of this mess, albeit slowly.
Here below is an amusing video starring Barack Obama and
Ronald Reagan:
If video does not load go here.
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