Mainstream Politics and Economics Message Board

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To: quehubo who wrote (5881)	12/17/2011 4:37:21 PM
From: Brumar89	1 Recommendation Read Replies (1) of 44061

And your having done well has not harmed others. the drive for shareholder value has benefited disproportionately a small % of the population, mainly those who have wealth and or very high income. You do need to be a stockholder in order to benefit from increased shareholder value. Meanwhile the drive for higher earnings every year means many of those working for the top few percent who are the shareholders have lost medical coverage and retirement benefits. Is that true? And when employees lose coverage and retirement benefits is it mostly because the greedy rich took it away to make themselves richer or did the industry run into trouble making almost everyone in it worse off, including shareholders? I dont think the present tax system is fair because I dont trust politicians or the top 1% to determine what is fair. It may be unfair, but is it ever going to be? Can we even give fairness a definition everyone would accept? I asked another poster (I think) what percent of taxes the top 1% ought to be paying. I never got an answer to that question. Maybe you could supply one?