Daily Archives: February 26, 2013

City Watch: How FDR Would Bring Back America’s Middle Class: Tax the Rich

-by Virginia Anders-Ellmore

February 26, 2013- CLOSING THE INCOME GAP – Yes we have been here before.

Capitalism is an economic system that values the accumulation of wealth. In free-market economics, governmental regulation should be as little as possible. The combination of capitalism and the laissez faire, free-market economy has brought the United States to a major imbalance of wealth distribution.

Today, CEOs make more than 400 times the salaries of the average worker.

The bankers and corporate owners have worked hard to change laws and regulations that allow them to keep their wealth at levels not seen since the 1920s.

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