Quote:
Originally Posted by slapass
And how would this be controlled?
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Import controls. Trade will be balanced or taxes will be imposed to cover the cost of paying people not to work or work in jobs with low skills. Look at the balance of trade without the financial markets. OTOH look at US trade restrictions on farm produce. Remove them and farmers go out of business, so they elect politicians who won't do what they did to the Car, clothing, White goods and others industries.
But that doesn't work for the 0.05%. So don't expect it to happen.
As for everyone having the same standard of living, dream on. The 0.5% have no intention of that. You and I might though.