In America, wealthy people have always enjoyed advantages that working class people have not. Early on in the history of our nation people of means were given huge land grants that poor people have never gotten. It is a popular myth of our culture that America’s must successful business men earned their fortunes through hard work and determined effort. But that was not then and is seldom the case now. In most cases financial success in America has little to do with one’s willingness to work hard. The average American worker works very hard indeed; yet working class families, despite working longer hours and multiple jobs, are sinking farther into debt. New bankruptcy laws that will be enacted into law next month will make declaring bankruptcy for private citizens a very difficult proposition. However, it remains easy for corporations to declare bankruptcy, wipe clean the financial slate and get a fresh start. Adjusted for inflation, wages in America have been in serious decline for many years, while productivity has seen extraordinary jumps. Workers are producing more but earning less, while corporate profits and CEO salaries continue to soar. We live in a land of immense opportunity if you are fortunate enough to be one of the privileged—one of the ruling class. There are huge tax cuts for the wealthy. There are tax shelters for the rich. Some of the wealthiest corporations on the planet have fictitious home offices in Bermuda and elsewhere in order to avoid paying taxes. All of this is perfectly legal; but is it ethical? These are privileges that the working poor do not have. Where is the justice in this?
Posted on: Thu, 20 Jun 2013 14:31:04 +0000
Trending Topics
Recently Viewed Topics
© 2015