Letter to the editor: Capitalism has a capital imbalance - GloucesterTimes.com, Gloucester, MA

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Mon, Nov 23 2009

The Soapbox

Published: November 07, 2009 05:14 am PrintThis

Letter to the editor: Capitalism has a capital imbalance

To the editor:

I would like to respond to the headline on the letters page last week that read: "What's Wrong With Capitalism?"

If that person does not see any problems with capitalism, I would like to leave that person with just one thing to think about: 40 percent of the income earned in these United States of America goes to the top 1 percent of the people.

Breaking that down to percentiles of 100 people, that means that one person gets $40 and the other 99 get an average of $6 each.

I see that distribution of income as an undeniable and essential problem with capitalism.

jack o'maley

Cherry Street, Gloucester

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