Robert Reich expounds on the dangers of capitalism run amuck [sic] (2007 article)

San Francisco Chronicle ^ | September 23, 2007 | Heidi Benson

[Blue Highway]

Yeah, since Biden is always sticking his foot in his mouth, he’d be Fred G Sanford, and the G is for great shame.

[kenavi]

The wealth gap is a good thing. It means there is incentive for the have-nots to produce goods and services in order to become haves. When wealth flows downhill, goods and services flow uphill and the GDP increases.

Think of electric current. When there is a potential difference, meaning voltage difference, current will flow from a higher potential to a lower potential and a flowing current will do work in the process -- turn a motor, generate heat, etc.

The wealth gap is a good thing if there is opportunity for those below to rise. I believe that studies show this in fact is true in the U.S., while the highest earning group has increased its share of national income, the highest earning group includes many people whose parents were not in that group.

[pankot]

Little man, little brain.

[Yooper4Life]

I believe I heard on the Mark Lebin(sp?) show last week the following:

52% of the current Forbes 400 group - wealthiest Americans - did not obtain their wealth with “family” money. In fact, they started their climb 20 years ago with less than $25,000 in their pockets.

[Republic of Texas]

It would be insensitive to make jokes about Reich's height, so I'll just say he's a socialist idiot.

Of course I still giggle over Robert. B. REEEEIIIICCCCHHHHH-AHH.