letter to the editor from Glenn M. Andrews - Are you convinced what benefits you? It ended with a critique of those critical of the 1%, who the author accuses of promoting class warfare, and by implication of fomenting the resentments and social unrest that class warfare brings about. Warren Buffett, one of the richest men in the world said this of class warfare: “There’s class warfare all right, but it’s my class, the rich class, that’s making war, and we’re winning.” (www.nytimes.com/2006/11/26/business/yourmoney/26every/html) And I would add, aided and abetted by organizations, like the Fraser Institute, which are funded by the rich for the specific purpose of convincing you that what benefits them also benefits you. The first is that tax proceeds from the top 6.6% produces 47% of all federal and provincial income tax revenues. There have been recent years when the CEO of Disney received in excess of $300 million, exceeding 6000 times the average.

Source: New York Times July 03, 2024 22:52 UTC