"Why the Economy Sucks" | National Catholic Reporter

"Why the Economy Sucks" | National Catholic Reporter by MSW.  MGB: Its not the corporations, its the capitalists.  Mitt Romney was a vulture capitalist in a non-corporate firm.  Its as much the CEO class as the owners - many of whom are owners through a mutual and pension fund and who receive a normal rate of return while the CEOs make a killing.  How could this be made better?  Raise the minimum wage and watch lower wage workers get a raise too, and so on up the wage scale.  The other thing we could do is raise the top marginal tax rate - doubling it would not be a bad thing.  Low marginal tax rates gave CEOs an incentive to cut labor costs because they could now keep the money instead of giving it to the government.  The problem is that the CEO class essentially owns Congress - the Republicans more so than the Democrats - who are hardly pure.