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Thursday, December 15, 2011

Things That Can't Go On...Don't

So much about income inequality lately and also a lot about deficits.
Here is an example of these two issues running into each other.The State of California has a very big budget deficit.
And at the same time a lot of people employed by the University of California receive enormous compensation.
They say they must pay them a lot in order to retain talent.
I doubt it. I expect there is plenty of talent out there. These people have a talent for getting high pay, and not much else.
So what is it here that cannot go on?
You can't keep spending more and more and more on less and less. Eventually there will be some sort of change.
I hope it does not come to a revolution.
I hope it does not come to violence.

I have always been taught to keep a low profile.
Our big earners don't seem to know that. They act like they are entitled to ostentatious living.
Something will catch up to them
Something

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