Last night I clicked on a link with the title above, only to find that they were measuring the health of respective economies by the number of billionaires produced.
What bullshit. I can think of no worse measure of economic health or dominance than the number of billionaires. (The publication promoting such ridiculous garbage was Forbes Magazine, so it's no surprise.) Perhaps if you wanted to measure the degree of economic corruption, the number of billionaires would be meaningful.
A far better measure of economic health and dominance would be the level of the median income, or average income. How are the masses faring? By that measure, yes, I believe we are falling fast.
It really is time to start taxing the crap out of the rich. Here's some reasonable suggestions: income between $300,000 and $500,000/yr gets taxed at 50%; over $500,000, 70%.
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