Buffett: Stop Blaming The Rich For Income Inequality

[RW]

*cough* Apple Watch *cough*

[Bricktop]

*cough* Apple Watch *cough*

I watch Apple all the time. What's your point?

[RW]

"Nothing.  Nothing.  God Bless."

[Bricktop]

"Nothing.  Nothing.  God Bless."

Watch it sister...

[RW]

Can you watch it for me?



Hahaha

[Anonymous]

This whole subject should be common sense, but as we can see from Romero's posts sense is not so common.



Why were wage increases higher and taxes lower in the 1960's? It's demographics stupid. More people being productive, younger population, fewer seniors and they didn't live as long. This all means less burden on health care, CPP/OAS. More workers for every retiree compared to now.



Jump forward 45 years and you have fewer workers supporting more seniors, more people requiring major health care. If it wasn't for immigration we would be like Japan with more seniors in diapers than babies. If we want wages above the steady tax increases/gouging, we have to have more babies. Older societies like those in the West/Japan have anemic growth rates while incurring higher costs. It's really that simple.



As for what CEO's/rock stars/actors/athletes make, how does that have any affect on our low growth trajectory?

Korea is going through this decline. The years of high wage growth are long gone and will never return. It is an aged society. Aged societies do not produce as much as younger ones. They also have weaker demand.