We have all heard stories of how underpaid millions of workers are in every city across the United States. An abomination to say the least when corporate profits are at all time highs along with CEO's salaries. With the United States shifting from a predominate manufacturing base economy to one of service oriented is leaving millions of Americas underemployed. When so many people are left to grab as much governmental assistance like Food Stamps and other programs that they can only pushes government spending higher. This continues the domino effect in total economic retardation all across the United States.
In the news of late are constant reports of CEO's making exorbitant salaries. This at a time when our government budget deficit is continuing to grow. When Warren Buffet spoke of an increase of the Estate Tax, which by the way is a fair and equable revenue producing stream of much needed funds to reduce our ballooning budget deficit, he couldn't be more direct. This ballooning deficit continues the quagmire of millions of underemployed workers all across the country who are kept away from that ladder of upward mobility.
By design or not record profits, CEO outlandish salaries, and stock holder dividends all contribute to the overwhelming underemployment rates. Never before has a country been inundated with a purposely orchestrated effort by CEO's to keep working Americans subsidizing on such meager wages. This, at a time when the current economic struggles are happening all over the world.
In the spirit of the season, there is none. It seems that the only spirit around is that of Ebenezer Scrooge. All one has to do to find evidence of this is look at our banking institutions, mega retailers like Wal-Mart, and a host of other service industries where CEO's continue to make colossal salaries then turn around to keep their workers unable to attain living wages. These CEO's would rather spend billions of dollars to lobby our most benevolent legislatures to purposely keep minimum wages so low the probability of those workers to ever climb up that economic mobility ladder is so remote. For millions it's almost impossible.
What all this amounts to is now we have a society where the majority of working Americans can not attain the income levels necessary for our society as a whole to sustain itself. One of the biggest concerns is that government must now step in to provide the required safe guards to offset all those wage shortfalls. Hence, a continuation of deficit spending. Our most "benevolent wizards" of high finance and our legislatures have all forgotten that the fulfillment of the Williams Theory Of Economic Evolution by the majority of societies citizens is essential for any society to stabilize and flourish.
Until our illustrious leaders of state realize that the more people earning enough disposable incomes to spend, pay down debt, and to save at least 10% of annual wages is the greatest economic stimulus any society can have the United States economy will never recover. Only through implementing Warren Buffet's suggestion of a 10% estate tax and all the other concepts outlined in National Economic Reforms Ten Articles Of Confederation will most of our current financial crisis will cease to exist. It really isn't that hard to comprehend that the greed of a few continues to thwart the economic revival of the United States.