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Letter: Purchased by the 1 percent


Wednesday, December 06, 2017
Purchased by the 1 percent

They are referred to as the 1 percent. They can be described as folks with so much wealth that they can buy anything they want whenever they may want it, and still have plenty of money left over.

That “left over” money is then invested in a broad array of financial devices. The primary goal of those investments is to earn a financial return. That financial return is discussed in financial circles simply as ROI (Return on Investment).

A tragedy of the American experiment in representative democracy lies in the observation that the greatest ROI opportunity for the 1 percent seems to be in an investment in politicians.

The current alteration of tax policy passed by the Republicans in the U.S. Senate offers compelling testimony in support of that observation.

DOUG LOWE

Concord