Quote:
Originally Posted by joshgirls
a problem with capitalism is what to do when all the wealth ends up with the rich.
idiot repubs think they "invest" & create jobs. while idiot libs think they should be taxed at 90% so the libbys can spend the money on their own whims.
But this is not the true problem. nobody cares if the rich horde money if the middle class can grow economically.
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That IS the problem. The middle class CANNOT grow as long as the rich are hording money. 70% of our economy is consumer spending. Now when if you take $1 trillion and give it to the top 1% or you take that $1 trillion and give it to the bottom 50% guess who is actually going to spend it in way that will get the economy moving and create jobs? The bottom 50%. The idiot republitards thinks it's perfectly ok for the top 1% to have 95% of al the wealth because they "earned" it. Well guess what, even if you could make a case for that it's an unsustainable system and eventually they won't have any wealth either. It's not healthy for the economy for the top 1% to have that much money. If some dude has to earn "only" $1 bil a year instead of $2 bill well that guy will just have to learn how to live on "only" $2.8 mil a day.
Of course the repubs and the rich are in denial. Just like the rich were in denial about their situations in the late 18th century in France and early 20th century in Russia. How did that turn out for them? But as they say those that ignore history are doomed to repeat it.