Agree totally on undue influence by corporations. Note, they unduly influence both parties. Also note, unions have undue influence. What we have is an oligarchy that is a mixture of Republicans and Democrats. Folks like us have virtually no voice in the government. Campaign contributions should be limited to people. Corporations, unions, PAC's and all else should not be allowed to contribute. The limit per person per campaign cycle should be relatively low so all people have influence...maybe $250 max. I realize this will require a Constitutional amendment. Let's do it and add term limits to the same amendment.Nice to hear from at "thinking" man, even if your comment sounded like sarcastic ranting. Let's be clear- I am NOT against big corporations or having a capitalistic system that rewards the traits you mentioned. We need big corporations and even consortiums of big companies for many projects and reasons. What I am AGAINST is the abuse of power by large organizations. Through political influence and campaign contributions (to both parties, Wall Street firms kept the Federal Government at a distance while they literally poisoned the world economy by packaging sub-prime loans, selling them off to whomever would by them without disclosing how risky they were, and then reused the money to buy and re-sell even more loans. Since then, have you noticed how under the bank "rescue" plan, what kinds of commercial building have been sprouting up everywhere? Bank Branches! And Wall Street made record profits this year while we struggled.
We now now from recent data that 93 percent of all financial wealth in the US is controlled by only 10 percent of the country's citizens.
Other big institutions that I believe are not operating in America's best interest and are really out of control include: 1. Drug companies,
the Insurance Industry, the US Postal Service, and companies like GE which was stupid enough to build that power plant on the side of Japan facing the earthquake fault and which pays no taxes on income earned overseas as long as they don't bring the money back to the US.
By all means, let us encourage new business with simpler tax laws, incubators, and support for improved education of our children.
Finally, with regard to the Federal Reserve, I think I completely agree with you. Wait until China cuts back on buying our debt! Disaster! Interest rates have been manipulated to low levels to get the economy moving again - but they will have to rise significantly. The government is essentially bankrupt, and at some point, the dollar may not be the standard world currency anymore. Hope this clarifies things.
There are myriad reasons for the income inequality. The biggest problem is off-shoring. Folks around the world are willing to work for less than the folks in the US. So, they are getting the jobs. Our standard of living for all of us is bound to fall. We need to fix the things we can that drive businesses off-shore. Our regulatory, legal, and tax systems are burdensome. We need to make it easy to do business in the US. There are advantages to doing business in the US for many products; but, the climate must be changed. It is just flat out frustrating to run a business in the US. I know. I run one. If I could off-shore it, I would consider doing just that. Our government makes it virtually impossible to function. I understand standards are needed; but, it has reached absurd levels. The upper class will suffer, too. It just does not hit them as fast. They are able to do some investing things around the world to protect themselves a bit temporarily, but ultimately the decline of the US will affect everyone.