Invitation to Think
Monday, August 16, 2004
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Bush's Own Goal
By Paul Krugman, The New York Times, August 13, 2004
Congressional Budget Office estimates that more than half of corporate profits ultimately accrue to the wealthiest 1 percent of taxpayers, while only about 8 percent go to the bottom 60 percent.
Ok, let's assume that the total population of the US is 100. And that the total corporate profits were $100.
Does the following scenario sound reasonable?
1 person gets $ 52
4 people get $ 5 each
15 people get $ 0.8 each (80 cents)
20 people get $ 0.4 each (40 cents)
60 people get $ 0.13 each (13 cents)
___________________________
100 people = $100
Looking at it another way, each person should get $1 on an average, but 80% of the people actually get only between 13 to 40 cents!
What a country!posted by Hasmukh Parekh 10:59 AM
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The influence of advertising, the media, and partisan politics, among other things, poses great challenges to clear thinking. The demands of work, a lack of time, and the overwhelming flow of information further add to the problem. Can we rise to the challenge and improve the ways in which we think? Our attempts at better thinking can lead to better solutions and a better life.
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