Unimpressed by the sophistry of the counter-cultural movement, rocker Alvin Lee mocked the movement in his song, "I'd Love to Change the World."
Its lyrics included the line, "Tax the rich, feed the poor/ till there are no rich no more."
Sadly, the song describes today's punitive economic policy.
The nation has the most progressive tax system in the developed world, as the top 10 percent — who earn 33.5 percent of the income in the nation — paying 45.1 percent of the taxes, according to the Washington Post.
All the money that goes to Washington is money not being re-invested elsewhere, which could be used to create jobs..
T.J. Rodgers, chief executive officer of Cypress Semiconductor, decided to invest $1.2 million in a restaurant in his hometown of Oshkosh, Wis.
"That restaurant now permanently employs 65 people at an investment of $18,000 per job, a figure consistent with U.S. small businesses," Rodgers wrote in the Wall Street Journal.
His semiconductor company invested $797 million over a 20-year period and created 4,033 jobs or one job for every $198,000 invested.