Friday, March 11, 2011

Is America's Future Coming to an End

Sometimes it feels like America's future is coming to an end but I think it is important to keep things in perspective.

Over the last 500 years, humanity has gotten more and more democratic, more and more free, more and more capable of determining its own direction. The internet is revolutionizing the availability of information. There are problems, yes, but there are solutions. Every problem we face today is solvable.

At the moment, 90% of the country's wealth is owned or controlled by 10% of the population. Does this 10% also contribute 90% to the maintenance and improvement of society? No, not even close. The wealthy in this country are not pulling their weight.

After World War II, when we had to pay back an even bigger debt than we have now, we taxed the rich at 90% of their income. Yes, 90%. Oddly enough, that left them still rich.

No comments:

Post a Comment