PARETO WAS RIGHT?
Vilfredo Pareto postulated that the 20 % of a population drive the economy because they control 80 % of the wealth. They are the "vital few". Thus, 80 % of the population only controls 20% of the wealth and how this "trivial many" decides spend their money is of no consequence.
Today in the United States the percentages may have changed to 97% and 3% but the truth is still there.
My surprise is that this seems to be a negative thing.
The history of the past sixteen years shows that, during the first eight years, when the trivial many were allowed to participate in saving, investing and building toward a future, they tended to get richer and the economy tended to expand and grow.
Over the next eight years, when the wealth was allowed to return to the wealthy, the economy went down the toilet
My theory as to why is this: Rich people don't need more money. So when you give rich people more money they start to play with it. Playing with money one doesn't need leads to dangerous speculation and risky ventures. So what if I lose this money, I didn't need it in the first place. I don't care if I lose it and I stand to make a bundle if the venture works.
The rich are also very good at playing with other people's money. We trivial many just can't wait to trust them. They must know how to grow money - they're RICH!
The rich will always be with us. Being wealthy is the reward for being excellent (or very lucky). I think Pareto was right but is a way he didn't see. The vital few can be very predatory and greedy. George Bush is just finishing up an eight year experiment that seems to prove that when you give tax breaks to the rich, the economy eventually gows down the crapper.
How about this for an economic recovery package.
Stop rewarding debt!!!
Encourage secure growth savings
Call for all patriotic (and otherwise ) citizens to PAY THEIR FAIR SHARE!
Individual Income Tax - no exemptions, no deductions, period. no different kinds of income (wages, interest, capital gains, windfalls etc. )
Under $50,000 you pay 10% (Hell pay up, you are getting a lot of governmant services )
$50,000 to $499,999.99 you pay 20% (Come on, pay up, you can afford it)
$500,000 and up you pay 30% ( you rely on the government to protect your wealth and be thankful you are not getting all the government you are paying for)
Pfizer's partnerships strengthen their ability to deliver vaccines in developing countries.
- Community healthcare workers face many challenges in their work, including often traveling far distances to see their clients
- Pfizer is helping to drive the UN's sustainable development goals through partnerships.
- Pfizer partnered with AMP and the World Health Organization to develop a training program for healthcare workers.
Swiss researchers identify new dangers of modern cocaine.
- Cocaine cut with anti-worming adulterant levamisole may cause brain damage.
- Levamisole can thin out the prefrontal cortex and affect cognitive skills.
- Government health programs should encourage testing of cocaine for purity.
Civil discourse has fallen to an all time low.
The question that the American populace needs to ask itself now is: how do we fix it?
Discursive fundamentals need to be taught to preserve free expression
In their findings the authors state:
upholding First Amendment ideals.
Talking politics at Thanksgiving dinner
- Progressive Activists: younger, highly engaged, secular, cosmopolitan, angry.
- Traditional Liberals: older, retired, open to compromise, rational, cautious.
- Passive Liberals: unhappy, insecure, distrustful, disillusioned.
- Politically Disengaged: young, low income, distrustful, detached, patriotic, conspiratorial
- Moderates: engaged, civic-minded, middle-of-the-road, pessimistic, Protestant.
- Traditional Conservatives: religious, middle class, patriotic, moralistic.
- Devoted Conservatives: white, retired, highly engaged, uncompromising,
It's interesting to note the authors found that:
"Tribe membership shows strong reliability in predicting views across different political topics."
Here are some statistics on differing viewpoints according to political party:
- 51% of staunch liberals say it's "morally acceptable" to punch Nazis.
- 53% of Republicans favor stripping U.S. citizenship from people who burn the American flag.
- 65% of Republicans say NFL players should be fired if they refuse to stand for the anthem.
- 58% of Democrats say employers should punish employees for offensive Facebook posts.
- 47% of Republicans favor bans on building new mosques.
Here are some guidelines for civic discourse that might come in handy:
- Practice inclusion and listen to who you're speaking to.
Civic discourse in the divisive age
dangerously tribal, fueled by a culture of outrage and taking offense. For the combatants,
the other side can no longer be tolerated, and no price is too high to defeat them.
These tensions are poisoning personal relationships, consuming our politics and
putting our democracy in peril.
Once a country has become tribalized, debates about contested issues from
immigration and trade to economic management, climate change and national security,
become shaped by larger tribal identities. Policy debate gives way to tribal conflicts.
Polarization and tribalism are self-reinforcing and will likely continue to accelerate.
The work of rebuilding our fragmented society needs to start now. It extends from
re-connecting people across the lines of division in local communities all the way to
building a renewed sense of national identity: a bigger story of us."
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