Stella's Place

As I promised, I will be publishing a post every day up to the 25th anniversary of the terrible September 11 events.

This is a recent interview with George W. Bush, as he recalls what happened to and around him after the September 11, 2001 attacks.

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Would socialism improve the lives of most people living in the United States under a capitalistic system? This author says “No”, and I agree. Equality of outcomes ARE surprisingly similar.

Comment that I found below this post:

Excellent analysis. Unfortunately, I was born in a country proclaimed socialist and I can tell you from firsthand knowledge that, now that I live in capitalism, a poor person in the United States is 10 times richer than a Cuban who has money in Cuba. The fact of having water, electricity, internet, and a full fridge already makes you rich. And that’s something we all who have lived in a socialist country value greatly. The worst flaw of capitalism is 10 thousand times better than socialism.

On radically different incomes life in America can be surprisingly similar.

Imagine three single mothers, each raising a ten-year-old boy. One is a public-school teacher in Tampa earning $50,000 a year. Another is a lawyer in Atlanta earning $200,000. The third is a venture-capital partner in Chicago earning $1 million.

On paper, they inhabit three different Americas. One earns twenty times more than another. One is 25th percentile im wealth the other 84th the last one top 1%. They describe inequality in the USA.

Now look at their sons.

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