Comments on: This July 4th Declare Economic Independence http://www.frugaltopia.com/money/this-july-4th-declare-economic-independence/ The Pursuit of Frugal Decadance Thu, 28 Jul 2011 03:35:24 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: LaserMark4 http://www.frugaltopia.com/money/this-july-4th-declare-economic-independence/comment-page-1/#comment-589 LaserMark4 Fri, 11 Jun 2010 00:03:27 +0000 http://www.frugaltopia.com/?p=1049#comment-589 Yes, we ABSOLUTELY need a Declaration of Independence from the current economic system. I actually made this exact statement when the .dot com bubble burst in the early 2000's and the FACTS were there plain as day.....but no one wanted to face it or hear it back then (as now perhaps). This article is a tip of the iceberg but gives you a clear concept as to just how BAD the entire system is-- rotten to the core, up and down, through and through. The SYSTEM itself is broken. But along side of a Declaration of Independence needs to be a new "Economic Constitution and Bill of Rights" that is just not meaningful ethics and do-good morale aspirations. It needs to be concrete values like: ---All men deserve the right to a living wage ---Commerce's very purpose is to do good in this world.... not create profit for an elite few. ---The current pay of CEO's Fortune 200, which exceeds $2M A WEEK, is a crime against humanity. Its currently a spread of greater than 800 to 1,000's of times more than the least paid employee of those same corporations. ---A Constitution that commits leadership to a simple simple 5 or 10 times pay spread, where the least paid $50K employee would see the CEO at $250K-$500K annually. Can't folks live on $30K to 50K a month? (You got to be kidding if that is not sufficient in a world where 4+Billion people on the planet live on less that $3.00 PER DAY) --- An enterprise that is NOT owned by individuals but rather stewards of that which is not theirs in the first place. We are working on this model as we type. Keep the faith. Yes, we ABSOLUTELY need a Declaration of Independence from the current economic system. I actually made this exact statement when the .dot com bubble burst in the early 2000′s and the FACTS were there plain as day…..but no one wanted to face it or hear it back then (as now perhaps).

This article is a tip of the iceberg but gives you a clear concept as to just how BAD the entire system is– rotten to the core, up and down, through and through. The SYSTEM itself is broken.

But along side of a Declaration of Independence needs to be a new “Economic Constitution and Bill of Rights” that is just not meaningful ethics and do-good morale aspirations. It needs to be concrete values like:
—All men deserve the right to a living wage
—Commerce’s very purpose is to do good in this world…. not create profit for an elite few.
—The current pay of CEO’s Fortune 200, which exceeds $2M A WEEK, is a crime against humanity. Its currently a spread of greater than 800 to 1,000′s of times more than the least paid employee of those same corporations.
—A Constitution that commits leadership to a simple simple 5 or 10 times pay spread, where the least paid $50K employee would see the CEO at $250K-$500K annually. Can’t folks live on $30K to 50K a month? (You got to be kidding if that is not sufficient in a world where 4+Billion people on the planet live on less that $3.00 PER DAY)
— An enterprise that is NOT owned by individuals but rather stewards of that which is not theirs in the first place.

We are working on this model as we type. Keep the faith.

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