Conrad Black: Why America is suffering

http://fullcomment.nationalpost.com/2011/06/11/conrad-black-why-america-is-suffering/

" The U.S. economy in 2008 had reached $1-trillion in legal fees, $1-trillion in consulting fees, and over $2-trillion in financial transactional and facilitation fees. The United States, like the West generally, is paying a heavy price for having too many people who don’t actually produce added value. All these activities are effectively taxations on wealth production."


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