Letters to the Editor


Letters to the Editor


Date: December 15, 2011
by: Observer Staff



+ Occupation points out income inequalities
Dear Editor:

It boggles the mind that the top 1% in the U.S. has more wealth than the bottom 90%. And the concentration of wealth in the hands of a select few is projected to continue.

Since extremely wealthy people do not need to spend more than a small fraction of their income, their wealth is bound to increase just from the effect of interest or investment return, especially when the growth from investment return (interest and dividends) is taxed hardly at all. Add to that the access to favorable regulation and legislation that the super rich enjoy, and one can easily see that we are headed towards a plutocracy, where just a few people have all the power and wealth and the rest are barely able to eke out a subsistence living.

We are far advanced in this direction already.

This grim future could change if our legislators could stand up to the big-money interests and not give them unfair advantage. 
Terrence Greenwood


Login Register now

Currently 0 Responses

Login below to post a comment or click register.
Account E-Mail
forgot password? click here
Speak Your Mind Below!


Subscribe to our eNewsletters
1970 Main Street, Sarasota, FL 34236 941-366-3468

Copyright 2014 The Observer Group Inc., All Rights Reserved