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Author: warrl Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 251807  
Subject: Re: OT: Wealth Date: 3/6/2013 12:41 AM
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It appears that you, JLC and others dislike anything suggesting that there may be something wrong with the concentration of wealth in the US. Similarly, the discussion of the level of compensation in some quarters of the economy touches a raw nerve.

This is totally 100% off topic for this board, but in MY opinion there is something seriously wrong with the concentration of wealth (and income) in this country, and that problem is that it's too little the consequence of real wealth being produced but too much the consequence of government and politics. What needs to be done is (for starters) to eliminate the estate tax, eliminate progressive taxation, put securities-rating agencies back in their proper role of working for - and being paid by - bond BUYERS, let said buyers freely decide which such agencies to trust, get the government out of the businesses of lending money (or guaranteeing loans, which has turned out to be the same thing thinly disguised) and financing bail-outs and start-ups, resume adherence to bankruptcy laws...

You've taken me to task for questioning your belief about the composition of the US population, but you didn't indicate what you believe.

That's right, THEY didn't. YOU indicated what they believe. You have no authority to do so, and also lack the necessary knowledge of their views. It is an error to make a firm statement about another person's views when you don't know their views. Even if you happen to guess correctly about what those views are, you are still wrong.
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