Posted 5 years ago on April 14, 2012, 10:17 a.m. EST by ChristianMI
This content is user submitted and not an official statement
Taxing the wealthy will only help so much. We need to adress the root of the problem which are these absurd pay ratios and compensation/contribution ratios. We forget that money is only paper until all of society puts faith in it. When we allow a person to attain such an outlandish income, it is basicly society saying "you are worth this to us." Now if people understood this concept and were asked what people like Donald Trump or various hedge fund managers were worth to them, no sane human being would weigh any of their contributions to society anywhere close to their compensation. I have another news flash too, SMALL BUSINESS OWNERS ARE NOT SAD MIDDLE CLASS PEOPLE. The owners and higher management of businesses and corporations (including oil) have openly stated in the media that any tax hikes or cost increases will simply be passed down in the form of laid off workers or higher product prices. These aren't job creators, they're job hostage takers. Their ability to pass the buck down is what must be stopped before any progress can be made. We cannot have a fixed maximum wage as this would come across as opressive. What is needed is the abolishment of the minimum wage and the creation of a maximum wage based on the lowest paid employee under your supervision. That way, when business is good, an executive must raise his employees pay before his own. This will eliminate the 500 to one CEO to worker pay ratio and put money in the hands of people who will actually spend it. Our weakening dollar is caused by inflation which is really caused by the hyper wealthy banking it all because its more than they can spend which is essentially the massive removing of currency from circulation which increases the need for more money to be printed. The Federal Reserve (A PRIVATE FOR PROFIT BANK) prints the money which means every dollar printed now has more debt attached to it than its worth. Thanks for listening.