Letters to the Editor
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Trickle Up Economics
With the advent of 401K programs, every Joe Palooka in the US is investing money in the stock market and throwing the prospectuses in the bin. Since Joe Palooka and the AARP want their 401Ks to do well by any means necessary, manufacturing and pink collar jobs get exported and high-priced management in the US comes in and takes all the money. There is no real gain. What money is not spent on US salaries does not go back to the shareholders, it goes to the executives, who justify their insane salaries by saying, "Look how much money I made for the company!" They neglect to add "and I'm taking it all!"
Its funny that I know a lot of grey haired boomers who insist they are eco-friendly, and yet they do not read the prospectuses of their 401K funds to fully understand how much of their money is in the hands of the planet-killing, job-exporting, child-labor-supporting profiteers.
You want change? Read your prospectus and invest like an intelligent person who gives a damn.