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General Electric Company Message Board

  • demedici Dec 10, 2012 2:49 PM Flag

    Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?

    By Milton Friedman

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • After top tax rated were drastically cut early in the 80s
      rewards for greedy behavior were vastly increased.
      While top tax rates were around 90% from the end of WWII to the beginning of the Reagan Presidency
      productivity doubled and incomes at all levels doubled.
      After top tax rates were drastically cut
      productivity doubled again from the 80s to today
      incomes at the top increased by factors of 10 to 100 to 1000 and more!
      while age adjusted individual incomes of everybody else remained stagnant
      spouses entering the workforce kept up the illusion of prosperity until 10 years ago
      when irresponsible lending practices prolonged job growth and this illusion of prosperity
      until the bubble finally burst
      which is where we are today
      and how we got here.

    • You're just never going to get it, huh?

    • I hear ya, but it's pay back time.

      You're just never going to get it,are ya?????


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