Michael Moore’s new pic

Yeah, I know Michael Moore goes over the top to get his point across. And yeah, he’s a big doofus.

But the fundamental points of his rants (i.e., movies) are sound – if sometimes a little exaggerated. The system is most definitely broken.

And don’t give me that right-wing, everyone for themselves, entrepreneurial crap. The financial institutions in most countries (1) have been playing the public and the governments for patsies for decades and have gotten away with it. And are still getting away with it.

Capitalism is a good way to run things… if for no other reason than all of the alternatives have failed miserably… but it needs fixing.

Facts

In the United States at the end of 2001, 10% of the population owned 71% of the wealth, and the top 1% controlled 38%. On the other hand, the bottom 40% owned less than 1% of the nation’s wealth.[15]

In 2003, the 1% with the highest salaries paid more than 34% of the nation’s federal income tax; the 10% with the highest salaries paid nearly 66% of the total income tax; the top 25% of paid 84% of the income taxes; and the upper 50% accounted for nearly 97% of US income tax revenue, primarily because, as stated above, the bottom 40% had comparatively no wealth (less than 1%) to be taxed in the first place.

World_distributionofwealth_GDP_and_population_by_region

1. ‘cept in Canada! Go Canada!

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World_distributionofwealth_GDP_and_population_by_region


3 Comments to “Michael Moore’s new pic”

  1. trashee says:

    And you’re lucky to work for an employer who treats the employees like they are folks and not resources… in the public service, it’s a bit different.
    Though there are a lot of upsides to the PS that the private sector doesn’t – I ain’t complainin’!

  2. trashee says:

    A lot of folks feel that way about Moore. Me, I don’t mind him quite as much. Though “Roger and Me” was the best of the bunch and he has gotten way too preachy ever since.
    That being said, he does serve a useful purpose…

  3. Ken says:

    I agree with you that greed has been running far too rampant these past number of years. I used to think, once upon a time while working for one of the Big 6 banks, that the profit we were making was awesome. It was, to be honest, but after a while, I started to see that profit for profit’s sake isn’t good.

    Sure, every company has to make a profit, otherwise they go out of business. But to make a profit “no matter what” seems wrong to me now.

    That’s why I like working for the company I’m with now. It’s concerned about profitability, but at the same time it’s willing to pay a higher annual salary, pay for coffee, pay for a Christmas/New Year’s party, pay for an annual employee awards dinner. It’s a different environment for sure.

    All that being said, if Moore was shot into the heart of the sun, I wouldn’t miss him.

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