In his letter on Oct. 18, David Lutz wanted an explanation about how the rich gain wealth on the backs of the poor. I will attempt to enlighten him.
Those who are wealthy get that way through hard work (some of them), luck, inheritance (not much work involved), many of whom gained wealth through greed and stepping on the backs of others.
An entire section of society, from the middle class downward, has been hit hard because of corporate greed. And of course, since corporations are run by people, corporate greed actually means human greed. These people are sitting on vast amounts of wealth, estimated in the trillions of dollars, but will do nothing to ramp up production, and hence, jobs.
In fact, the majority of large corporations would rather move their operations to a Third World country where the people are strikingly poor. These wonderful companies (people) pay those poor people slave wages, making them work in deplorable conditions to produce the company’s product, which is then sold on the open market at a cost many times what it requires to actually produce. The wealthy getting richer on the backs of the poor.
Americans fortunate enough to have a somewhat decently paying job are asked to do more for less, being forced to take wage and benefit cuts, or else be unemployed. That’s corporate greed’s foot on the back of the poor.
In 1988, the income of an average American taxpayer was $33,400, adjusted for inflation. In 2008, it was $33,000, according to the IRS. Meanwhile, over the same period, the wealthiest Americans’ incomes rose 33 percent. The middle class grew smaller, and the poor segment of society grew. Again, the rich got richer on the backs of the poor.
Adding insult to injury, the rich not only step on the backs of the poor, but grind their boots into them. This arises because of the new corporate paradigm that the unemployed will not be considered for a job. Talk about man’s inhumanity to man.
Consumer advocate Elizabeth Warren correctly points out that no individual ever built a business on his or her own. A business uses the infrastructure for which others have paid, including the poor and middle class. The poor and middle class work for these benevolent companies, working long hours for poverty-level pay and no benefits, just so the owners/managers can get wealthier. Once again, the sweat of the poor makes the rich become richer.
When the Republicans and the greedy corporations eviscerate the middle class, who will have enough money to buy the goods of these immoral companies?
Michael Polito, Ph.D.