I continue to believe that if they took every penny from the rich and dispersed it to the poor..... in less than 10 years the money would all be back where it started.
Consider a swimming pool where the water is money. This study would have us believe that siphoning money from the deep end to the shallow end will raise the depth. One must also consider that this wealth transfer must involve a government with the power to take from those who have to give to those who don’t. What happens when one or more of those who have accumulated their wealth says no? The government must then be despotic and ruthless and forcibly take and punish those who resist. History is full of such schemes from Marx to countries like North Korea,Cuba and Venezuela. All of these schemes of socialist utopia have failed and given way to repressive and despotic rule. Read Hayek’s “Road to Serfdom” or the works of Milton Friedman or Orwell
Suspect being paid to do very easy and silly research makes the researchers happy too.
Bill Gates should start first.
They actually had to do a study to show this?
Hell,I’m not poor but you can make me happy if you hand me some of the taxpayer cash!