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What's the Problem With Unearned Income? by William Spademan

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For William Spademan, 'making a fortune and living off the interest is central to the American Dream. We aspire to luxury and leisure.' Keith Olbermann lends credence to this argument with his April broadcasts regarding 'Lotto Nation'. Spademan says that 'economic justice boils down to one question: Am I producing more goods and services than I am consuming?' If extortion and freeloading are unfair, then how are we to view what the IRS calls 'unearned income' -- that is, investment income: rent, interest, dividends, capital gains, and other passive profits? Return on investment is an exponential function in a finite environment, siphoning credit from the poor to the rich. Many environmentalists and economists insist Americans need to 'get a new dream'. Spademan's proposed alternative is what he calls 'Common Good Finance', and it's worthy of serious consideration.

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If The Middle Class is promoted... by Michael Bonanno on Sunday, Sep 18, 2011 at 3:54:02 PM
Take action by David Kendall on Sunday, Sep 18, 2011 at 4:41:11 PM
The American Dream... by David Kendall on Sunday, Sep 18, 2011 at 4:24:21 PM