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Occupy Underground

TahitiNut

(71,611 posts)

3. I wish they'd stop saying "inequality"

Reply to limpyhobbler (Original post)

Tue Oct 30, 2012, 04:41 AM

Oct 2012

... when the far more meaningful term would be "inequity." SOME degree of inequality is inevitable in far too many senses. The crux of the matter is the obscene bias in the system... a bias in favor of the already wealthy. The average 'corporation' has been constructed as a "wealth redistribution" black box ... redistributing wealth from labor to the wealthy. The abominable "employee compensation" policies and mechanisms have resulted in the LOWEST percentage of compensation to labor for the wealth created in over 80 years. The average S&P500 corporation pays employees less than 30% of the value of the wealth they create. The "food chain" of ownership entitlements get the lion's share by far.

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Highlight:

Occupy was right, says Bank of England Executive Director of Financial Stability [View all] limpyhobbler Oct 2012 OP

Du rec. Nt xchrom Oct 2012 #1

Bump. daleanime Oct 2012 #2

I wish they'd stop saying "inequality" TahitiNut Oct 2012 #3

Exactly. The essence of capitalism is funneling money into the hands of the capitalist. begin_within Oct 2012 #4

Excellent point. merrily Oct 2012 #5

Great comments from the banker and great job putting together the OP. merrily Oct 2012 #6

+1! Fire Walk With Me Oct 2012 #7