Quote:
Originally Posted by GatorB
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.
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i kinda agree, kinda dont. the economy is not zero sum, so the middle class can grow & the rich not grow if tax policy was punitive on the rich. but practically speaking you are correct, the middle class need the rich to create small businesses & corporations invest in new domestic operations.
the rich have numerous more options compared to 30 years back. they can build factories in china, can give money to madoff, can buy computers to replace cashiers, etc. the question is really, what is the solution when the rich think american workers are an inferior investment vs china.
on the govt level, they need to get away from this free trade bullshit & start leveling the playing field for american workers competing with chinese labor. End this crap where china manipulates its currency, slap some big tariffs on chinese iphones, steel, toys, clothes etc. restore progressiveness to the tax code instead of the regressive BS at the top. But the govt wont do that because its dependent on chinese cash to fill the gaping budget hole its not capable of closing.
The problem is i hear nothing from either party proposing anything other then tax cuts or infrastructure spending, 2 solutions that solved nothing. we're just fucked, unless your rich then your fucked in style.