'Class Envy' Doesn't Work

Explain to me how confiscating the wealth of the Bill Gateses and Warren Buffetts of the world would improve my, or anyone else's, lot in life. Envy is a sin, not a virtue.

I was recently described as "a voice in the wilderness" by one whose opinion I respect. There is truth to that statement. Voices like mine do not get heavy play in the media because we do not adhere to the conventional template.  Page after page, day afteday, and even parts of two "Bruce the Blog Goes Bazzo!" cable shows -- which I co-host with Mayor of Pennysaver Community Bruce Apar – focus on the Occupy Wall Street (OWS) movement as if it actually represented mainstream sentiment. The OWS movement and their "we are the 99%" battle cry was accepted and repeated as gospel.  

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Watchdog January 25, 2012 at 02:34 AM
Issy, please explain how Capitalism comes at the expense of the general population and the poor?
Watchdog January 25, 2012 at 02:45 AM
Bondholders in Greece will get maybe, maybe 35% of their investment back.
Issy January 25, 2012 at 10:24 AM
I never sad capitalism DOES work at the expense of the poor/general population only that it should not: Examples are, Paying minimum wages and no benefits (Walmart), super-fund sites and pollution (GE Hudson River), corporate Tax havens (Halliburton, GE) Venture Capitalism (Romney) and out-sourcing jobs (DELL etc). The result of which is unemployment, increased tax burden on people and stress on local resources.
Blue January 25, 2012 at 11:40 AM
I can't get a handle on the 15% tax thing. On one hand it seems low for someone who invests for a living. On the other hand lets say you achieve the American dream and get yourself in the upper middle to low higher class and make 250-500k. You pay your 35% share in taxes all is well. House almost paid for. Kids r in a good school system.What do you do to grow your money? Banks at 1-3%? Retirement funds? Ok but is the American dream saving all your money until the end with no guarantees you can enjoy it then? Why would anyone invest in anything if on the back end you pay another 35% in taxes. I think we might be missing the fact that there are more everyday Americans investing than there are people who do it for a living. I think there has to be a happy medium. Warren Buffett can say anything he wants now that he's a billionaire and old. Most old people get sentimental when they near the end. He wouldn't have said that 20 years ago. And while I'm on that subject why isn't his secretary super rich? Does she not have ears??
SPK January 25, 2012 at 02:27 PM
Issy, do you not benefit from shopping a Wal-Mart, benefit from innovative products funded by Venture Capitalists (including Apple at its start), low-cost PCs from Dell so every family member can afford one, better returns in your 401k or corp pension plan, etc.?? Not my job to defend capitalism, but be careful bashing a system that produces enormous social benefits for all. Of course there are stresses. Having Vacationed in Sweden last year and seen its costs for everything to fund its welfare state, know where we are headed. Last nite's speech by the President confirms it.


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