“Jeremy Grantham, chief investment strategist at GMO, says it’s time to tax the rich.
“For the time being, in the U.S. our corporate and governmental system backed surprisingly by the Supreme Court has become a plutocracy, designed to prolong, protect and intensify the wealth and influence of those who already have the wealth and influence,” Grantham writes in the Financial Times.
To mitigate this pressure on labor, developed societies could adjust the tax structure, Grantham suggests…”
If you enjoy the content at iBankCoin, please follow us on Twitter
Gratham is a lying sack of shit and always has been a lying sack of shit.
US aggregate income in the bottom quintile has risen enormously as a result of 12 million people crossing the southern border illegally to find work.
So if that sack of shit Grantham is worried about inequality, how about he considers the rise in the standard of living for those 12 million originating from dirt poor Mexico at the time.
Gratham is a disgusting turd and always has been. He’s been funding climate alarmists too.
I’m not sure I get your rant.
But it did make me think it’s time to get back on my annex Baja, Mexico stick.
51st state in the Union.
That shit would be a boon for all involved. Hell. Mexico would probably just want some stake in the deal.
750 miles long, we’re talking more “prime”, ideal climate weather.
Do the math. We’re talking about almost 2,00 0 miles of prime beach real estate. It’s totally undeveloped.
class warfare never goes outta syle
Rich man on a guilt trip. There’s loads of free money being given out to the “underclasses.” Not that there shouldn’t be. People who earn money should be able to keep most of it, and pass it on to their kids.