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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (18797)	5/2/2015 10:55:28 AM
From: Hawkmoon	Read Replies (3) \| Respond to of 41123

I wonder if the jealousy about the 1% isn't just the historical norm. Could be.. But for me it's just the fact that 1% of the population possessing more wealth than the other 99% strikes me as a tremendous economic imbalance. We like to believe in "trickle down" economics and that statistic flies right in the face of the theory. It's just wrong and we know a lot of it is due to crony capitalism.. As for Bill Gates, I don't begrudge him for being wealthy.. What I hold against him is that his company sells a defective product (which constantly requires security updates) and seems to crowd out any real competition.. (Apple being the notable, expensive, and equally monopolistic exception)... It's not just the ghetto poor though.. The median income in the US is not $30,000, and 72% of all people make under $50,000 .. Yet, gov't employee salaries seem to average higher than that of the majority of the people who they are supposed to serve. But since the majority of wealth is now in the hands of the 1%, they pay the majority of the taxes, which means those public employees will prioritize the needs of the wealthy who pay their salaries.. IMO, We must have a middle class in order for this economy to heal and become healthy again.. And I can say that without being a "socialist". It's just plain logic.. I've always thought of it as inspirational. Look back far enough, and closely enough, and you'll see the ruthlessness with which many of those players carved up the US economy using collusion and exclusion to competitive forces. But I'll stop there.. ;) Hawk