Tuesday, May 21, 2013 9:44 AM
ECONOMIST MILTON FRIEDMAN SAYS :
“The Free Market System distributes the fruits of economic progress among all the people.”
Where are you Milton? Under current system top 1% own 73% of Net Wealth, 83% of Financial Wealth, get 43% of Individual Income and pay an 18% Tax Rate. Top 25% get two thirds of Individual Income and pay a 15% Tax Rate.
We are deep in debt due to one Major cause. We spent to support two wars and failed to tax wealth to support them.
The Middle Class observed their good paying jobs flush overseas. 3.7M under Bush and 800,000 to Mexico since Nafta began.
We are in need of jobs that have health care and pensions plus a decent per hour pay.
The Free Market System is not creating them. Who shall? How? When?