posted on Jun, 30 2010 @ 12:45 PM
On the surface, it does always look like the rich man keeping the poor man down. And sure enough, sometimes, perhaps more often than not, that's
true. But really not the point.
In times like this, people seem to forget how business trickles down. People in Greece that have less, now pay less.
But...the question remains: who pays the difference?
Do you think that these pharmaceutical companies are now going to make less profit? Do you think they are suddenly going to show their hand and allow
those still paying more to realize how much profit margin they are really covering? Or is it more likely that some other poor sap will lose his job
in order to re-coup some of that money? Or worse, that some quality control person not directly responsible for turning profit will be the victim of
Do these CEOs make too much money? The quick answer is yes. But that's more of a gut reaction that says: Look at how much more than me....
The real answer is simply I guess they make too much, but only if one is in the habit of deciding exactly how much an individual is worth and/or how
much is considered "too much". But that's really not the point either.
Rather, the CEOs won't make less, can't be forced to make less, and that's simply reality. Arguing on a moral or ethical basis is ridiculous as we
don't all share the same values nor should there suddenly be some doctrine written dictating exactly what is moral or ethical. That would open up a
whole other can of worms surely to come back and bite us all. Unless, of course, the doctrine were entitled: The Code to Being a Rich Man. But,
again, let's forget La-La Land for a moment.
The truth is that these downward spirals in Greece, and similarly in the US, can not continue as is without a total collapse and/or reset. The simple
reason is that unless, collectively, everyone in the top 5% decides to take a huge hit financially, and donate the difference to paying for programs
such as these, those of us in the middle ground of wealth end up lumped together with those that are super wealthy -- and if you are in the middle
ground right now, you know you've been hit from all angles -- 401K, the little you had in stocks, your house, and more than likely your income.
The problem is that the line between poor and middle class is so blurred right now that many of your middle classers -- or formally known as middle
class -- can no longer keep up supporting themselves let alone another group getting lumped into the discounted group. So what happens? The middle
classers give up, or give in depending on how one looks at it, and then there's a whole other group only pennies away from going from payer to
People need to realize that the number of wealthy persons isn't growing. The number of poor is growing. To think that those at the top are simply
going to continue to support those at the bottom, knowing the number is going to continue to grow larger the longer things remain status quo, is
unrealistic for a long term solution.
Keep in mind, the people at the top all made their money based on air. The profits these pharmaceutical companies make is also pulled out of thin
air. Yes, it is affected by competition to a certain degree, but arguing between the competitiveness of making 500% profit versus 550% profit is a
We all need to get back to "real" numbers. Unfortunately, the fall from inflation-ville where we currently reside is going to be a long and painful
one. But if you look at the growing bottom dwellers, and the dwindling number of money-makers, you will see there is nowhere else to go. Propping us
all up with debt none of us can afford to pay is certainly not the road to fiscal responsibility or sound economic policy.
Dropping the price of pharmaceuticals is merely yet another band aide that surely enough will be ripped off revealing yet a larger wound. The
question is simply which is going to be the wound that permanently cripples us all?
Do those not able to afford it deserve medication? Yes.
But let's not be so simple-minded to think that this is a "gift" and isn't going to negatively affect us from another direction.