Class Differences

One of the delights and frustrations of the internet is that one often receives compelling information or thoughts passed on from some unknown source. It makes footnotes problematic.

Here is one such comment that came my way today. I don't know where it originated. Maybe it is a new apocrypha.

Enjoy:

"In the US we are all expected to work. Here is how the system is set up:

 

"If we are in the moneyed class, we can create toxic assets, sell them to unsuspecting marks, short the market with these same assets, and win billions, while getting tax-payer money from the government to pull our institutions out of disaster. We end up with even more money than before and collect handsome, even obscene, bonuses, while the country gets shafted, the economy takes a dive and millions lose jobs, 401(k)s and homes. It’s called capitalism, the best system in the world for building wealth for the “job creators”. But it might also be called socialism for the corporate caste.

 

"If we are in the not-so-moneyed class, middle-class people and working-class stiffs, especially the 33% who are poor, should begin to work at the age of nine (or earlier) and start with mopping the floor, checking books into libraries, and various other menial and non-menial tasks. They have no role models who work nor do they know what work means (Gingrich knows that this is a fact, although he won’t reveal his sources). This is called introducing the poor to the work ethic. But it sounds like the 19^th century all over again. It’s actually capitalism for the rest of us.

 

"The Newtster, meanwhile, works hard at influence-peddling and collects his own share of the pie, parlaying his hard-worn insider’s knowledge about government into a method for making his clients rich. But that might be called legalized corruption."