April 25, 2018 By Lowell Ponte
In the Great Class War between the "rich" and the government, whose side are you on?
This week, MarketWatch reported that by 2030, "the richest 1%" are on track to "control nearly 66% of the world's money." This is approximately $305 trillion, it reported, based on data from the hard-left British newspaper The Guardian, best-selling French Marxist economist Thomas Piketty, and ideologically similar sources. The activist group Oxfam warns that "just eight billionaires have as much wealth as 3.6 billion people – the poorest half of the world."
Such words seem intended to stoke jealousy and envy behind a mask of compassion and fairness. It is unjust, we are to think, that a utopia of pure equality is being thwarted because wealth is redistributed by capitalists instead of socialists................Read more
In the Great Class War between the "rich" and the government, whose side are you on?
This week, MarketWatch reported that by 2030, "the richest 1%" are on track to "control nearly 66% of the world's money." This is approximately $305 trillion, it reported, based on data from the hard-left British newspaper The Guardian, best-selling French Marxist economist Thomas Piketty, and ideologically similar sources. The activist group Oxfam warns that "just eight billionaires have as much wealth as 3.6 billion people – the poorest half of the world."
Such words seem intended to stoke jealousy and envy behind a mask of compassion and fairness. It is unjust, we are to think, that a utopia of pure equality is being thwarted because wealth is redistributed by capitalists instead of socialists................Read more
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