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Robin Hood was right

February 9, 2012

Company mergers result in the workers being fewer in number than before the merger. The CEO’s salary goes up even if the company profits are down. The workers’ salaries stay even or go down due to health costs, or to keep the company in the black. The company profit has no effect on workers’ salaries (wages). But the CEO and shareowner do experience increases in pay and the price of shares of company stock. The workers are the first to go and last (if ever) to receive a pay raise.

It was the best of times, it was the worst of times—then the French Revolution came and heads came off.

Latin America has a growing middle class now, while the United States is becoming a nation of the very rich and very poor, as Latin America was. In Alaska, there is profit-sharing from a natural resource, oil, with its people receiving something like $3,000 per adult per year. In Pennsylvania, money from its natural resource, Marcellus Shale gas, gets offered to the politicians to run for office, not to the people as in Alaska.

There are gas pipelines everywhere being put in place and replacing older pipelines, by companies outside the state. Robber barons now live outside the country and own shell corporations to sell the Marcellus Shale gas to the location outside Pennsylvania and the United States with the highest price. Pennsylvania is treated as a third-world nation, as a cow to be milked dry. Only poor people face taxation living in Pennsylvania. Robin Hood was right: take from the rich to give to the poor.

Rolf Moeller
Lackawaxen, PA