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Richard's Remarks

 

Facebook doles out $19 billion for What’s App. Am I seeing things? Is this astounding amount possible? The Facebook purchase is symbolic of a different world. While the middle class and the poverty stricken deal with life in $10 and $100 amounts, the upper 5% of America deals in billions and tens of billions. The disparity between the upper 5% and the rest of America widens dramatically.

 

This cannot go on. The Federal reserve has pumped trillions of dollars into the system, enriching the wealthy while the rest of America struggles. Taking from the rich and doling out to the rest of America is one answer to the problem, but I don’t think it’s a good answer. I’m afraid that sooner or later, the growing disparity between America’s super-rich and the rest of the population will bring trouble, and even violence. True, the capitalist system has produced the greatest prosperity the world ... Log in or subscribe to continue reading.


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