Yeah. The democrats of course.
I recall loads of cash being flown out to our enemies under the last admin!
“renowned economists Thomas Piketty and Emmanuel Saez”
“Renowned”, lol. Piketty is renowned for being a marxist and a fraud. And AP is renowned for peddling marxist propaganda disguised as journalism.
The top 1 Percent make jobs for the other percenters. Basic Economics 101.
Ask a man whether he worries about having a job or whether some rich guy has a lot of money.
The only question a person looking for a job should ask is “Is his money going to create a job for me? If so, let him have a mansion and many cars. I need work to support myself and my family”
And certainly this is going on in liberal havens like California and New York.
The “rich” usually get “richer”...no matter what the tax rate is.
“it Takes money to make money”...a phrase as old as the hills.
Those whining about the rich are liberal, who think that the “rich” should give their money up, just to be “fair”.
That, would be up to the “rich”...it’s their money.
The worlds money is not a finite amount, it doesn’t stop the “poor” from working hard and making their own money (usually paid to them by “rich” corporations).
There’s no money in being a snowflake...they melt to easily.
This is among the most idiotic left-wing horseshit “points”. Observe:
You have $1,000 and I have $100. The “gap” is $900.
Next year you double your money to $2,000 and mine increases ten fold to $1,000. You’re happy, I’m thrilled. But the gap has now increased from $900 to $1,000. Very disturbing because the gap is increasing.
The following year you drop down to $80 from $2,000 and I drop down to $90 from $1,000. We’re both miserable and much worse off than we were, but the “gap” is now a mere $10. SUCCESS!
The “gap” is the dumbest measure of all time.
Is “quality of life” improving for the poor? Just because $$$ inequalities are growing doesn’t mean the poor are getting screwed. But the left will only look at inequalities, not at the life of the poor and middle class. Maybe there are problems? Maybe not? But there are more factors than $$$ that need to be considered.
As global wealth increases, the rich will naturally get richer. Those with more talent, drive and creative ability will generally thrive in most situations.
But for purposes of this discussion, we must first define “rich”. I would propose to divide “rich” rich into 2 categories: benign rich and malignant rich.
The benign rich are those that gain wealth by ethical and legal means and without using the government to oppress their competition. These people create jobs and wealth which benefits the private and the public sectors.
The malignant rich are typically extremely wealthy and use their money to stifle competition, manipulate financial systems, and buy political influence. These people create poverty, misery and political instability which create additional opportunities for exploitation and profit.
The benign rich favor the free markets, low taxes, competition, the rule of law, and freedom of speech.
The malignant rich favor limits on speech, oligopolies and regulated monopolies, heavy government control of the peasant class via taxation and regulation.
Damn straight! Can you still say straight? Anyhow Damn right! This bullshit inequality has got to stop. I demand the Government redistributes some of Bill Gates money to me. Its simply not fair that he has more then I do!
Here's a simple example:
You have $1million (congrats!). I have $100.
Overlord Obama mandates that all investments pay off equally, for "Social Justice". Let's use 10% for easy math.
After one year, you have $1.1 million. I now have $110.
The difference between us grew from $999,900 to $1,099,890... it jumped $99,990... in just one short year... even when we are forced to invest the same and get the same returns!!!!
The ONLY way to "fix" this "problem" is for growth to be negative. Period. (Or to steal massive amounts from you to give tiny amounts to the masses... which, of course, is their Marxist dream.)
So?
The only answer to solve problems like this is to round up the Evil Rich, execute them, their Families and redistribute their Assets to those deemed worthy.
Reminds me of those who believe in Manmade Globull Warming. The only way to stop it is to eliminate the root cause, Mankind.
There is most definitely is a problem of CEOs taking home massive paychecks while screwing Main Street.
The less a person is affected by islam, communism, socialism, democrats or liberalism the better off he will be.
I don't care how much someone else has, only how much I have.
Just because someone has more than you doesn't mean they took your stuff.