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PostIncome Inequality in US; Response to Richard Hancock (Tor Guimaraes, USA, 06/11/18 4:59 pm)
I respect Richard Hancock's effort (7 June) to straddle the fence regarding the already obscene yet still growing income and wealth inequality in America.
On one hand, Richard stated: "As human beings and as Christians, we should be concerned about people who receive sub-marginal incomes. ... We have operations in existence that can help improve incomes without shattering their ambitions to improve their status through their own efforts."
Unfortunately whatever has been operational has not worked, has it?
On the other hand, from a theoretical perspective, Richard stated, "it is impossible to have equal incomes for populations anywhere. People do not possess the same levels of intelligence, energy, skills, schooling, luck or ambition. Frankly, it doesn't bother me that presidents of companies, football coaches, and successful business owners receive many times the income that the average worker receives. The high-salaried people receive their inflated incomes because they are extremely talented in managing businesses that benefit many people including stockholders, consumers and the states and communities were these businesses are located."
I can only wonder about the long-term results for our nation from this ideology.
Coincidentally, I just received an email on this topic that can illustrate the reality of the situation. Unfortunately, there are countless stories just like this one explaining the social, political, economic deterioration of our beloved nation.
This illustration is about Disney CEO Robert Iger with a $36 million salary, while 1 in 10 of his Disney employees have reported being recently homeless, and two-thirds report not having enough food to eat. Anyone, please justify a CEO's $36 millions while his/her employees and their families are homeless and hungry. Furthermore, every year Walt Disney Co. profits tens of billions of dollars and even receives corporate welfare, subsidies from the city of Anaheim at Disneyland in California.
Yes, but that is not enough! The marvelous Trump-GOP tax cuts will give Disney another $1.5 billion in profits this year while sharing one-tenth of that amount with its workers in one-time bonuses.
JE comments: Mickey Mouse, bah! Disney gets its inspiration from Scrooge McDuck.
Richard Hancock (next) has sent a further comment on income inequality in the US.
And greetings, by the way, from chilly, rainy Bogotá. Our flight here (Detroit-Ft Lauderdale-Bogotá) was pleasant and uneventful.