Economist Gartman tells the truth: We celebrate income disparity and we applaud the growing margins.

[Are_grits_groceries]

"We celebrate income disparity and we applaud the growing margins between the bottom 20% of American society and the upper 20% for it is evidence of what has made America a great country. It is the chance to have a huge income… to make something of one’s self; to begin a business and become a millionaire legally and on one’s own that separates the US from most other nations of the world.

Do we feel bad for the growing gap between the rich and the poor in the US? Of course not; we celebrate it, for we were poor once and we are reasonably wealthy now. We did it on our own, by the sheet dint of will, tenacity, street smarts and the like. That is why immigrants come to the US: to join the disparate income earners at the upper levels of society and to leave poverty behind.

Income inequality? Give us a break? God bless income disparity and those who have succeeded, and shame upon the OWS crowd who take us to task for our success and wallow in their own failure. Income disparity?!

What we despise is government that imposes rules that prohibit or make it difficult to make even more money; to employ even more people; to give even more sums to the charities of our choice. That is what we despise… oh, and next question please."

Read more: http://www.businessinsider.com/dennis-gartman-god-bless-income-disparity-2011-11#

He's trying to walk this back some. One group is appalled that he believes this. Another group is appalled that he stated their beliefs so baldly.
This statement ought to be plastered everywhere.

[OneGrassRoot]

1. K&R, sharing. n/t

[leeroysphitz]

2. So if I fail to garner a "huge income" I'm nothing?

Fuck this guy.

[stillwaiting]

3. Where's the guillotine? He's PROUD that he is impoverishing the vast majority of our citizens

in a manner that far surpasses "most other nations of the world", and he thinks that's GREAT and a badge of fucking honor?!?!

To see it stated so openly and with such relish and without ANY care or concern for the increasing ranks of those in poverty makes him a despicable individual.

And he thinks this greed beyond belief would EVER get God's blessing?

Ass.

[Kaleko]

4. "We did it on our own".... by the sheer dint of forgetting that we needed everyone

else in the universe to contribute to our success.

Gartman either falls for the myth of "the self-made man", which makes him an idiot, or he knows it's a crock of baloney fed to the workers who the predator types like to stiff and kick down at every turn.

[marmar]

5. "by the sheet dint of will, tenacity, street smarts"

The scary part is that he really believes that bullshit.

[xchrom]

6. Recommend