Sunday, January 18, 2015
Obama small step to narrow the wealth gap
It is really hard to tell if Obama will succeed with this one. Besides we do not yet know the details but the WSJ has shared some possibilities.
I don't now how long the still peaceful fight between the haves and have-nots will go on. I only feel that in this prolonged struggle the have-nots will eventually get a break and many will escape the vicious cycle of poverty they are trapped in. After a while the tsunami will crash onto Singapore shores because we are price takers.
The smartest of the rich will figure a way to protect their wealth and they are a small minority. The many clueless and lucky new rich will eventually have quite a bit of their wealth redistributed. It will begin first in America and then in many places around the world. But they are at the moment still struggling to make this movie and nobody knows when show time is. I believe it will come because the present arrangement is a ticking time bomb. As the ticking gets louder and faster the case for the have-nots become stronger.
Update: Jan 21, 11:10am
Obama's State of the Union speech is happening right now and the WSJ pumped this to its readers. Thought I read the President's mind well enough. I pray he makes progress with a very difficult Congress. He is one of their best if under rated Presidents.
The average fellow here don't know, but often what happens over there and China is more important that what our leaders do.
Posted by PengYou at 9:46 AM