Oxfam says the Richest 1% Control More Than Half The World's Wealth

Oh, they're being held in businesses. Businesses, that, you know, employ thousands of people. Businesses, such as insurance, that enable other businesses to function. Businesses that produce products and services that millions of people want or need.

Did these richest of the rich forcibly take money from others? Were people forced to hand over their money? I don't think so. I think people handed over their money voluntarily and were even eager to do so, to get goods and services.

Where it becomes involuntary is when governments do it, through taxation and deficit spending. People can chose to buy or not to buy products from a company, but can't choose whether or not to pay taxes. A rich person spending money can't impoverish people, but government spending can and does impoverish people.

Look at Greece. The government spent much more money than it had and the economy has basically collapsed. And the rest of Europe isn't far behind. Too much government spending has created record joblessness and poverty.

Spending by rich people and large companies, on the other hand, can increase both the concentration of wealth as well the amount of it in everyone's hands.

>>If you redistributed all their wealth, in about a decade they would have it all back.

Unless the rules of the game changed. People are conditioned to believe that they should work for another person to make a good living. They know they won’t get rich, but they will have security.

Over the last couple of decades, that security has been taken away. People do not trust the “job-creators” as much as they used to when a factory job was a career. But, most people lack the resources and initiative to step out of their role as employee to become an entrepreneur.

But, imagine the impact on that 1% if everyone suddenly woke up one day and decided that their work had value and, thanks to some magic redistribution, they found themselves with a chunk of money to really pursue a dream.

Note that I am NOT saying that redistribution is a good idea. It is a ridiculous idea! In fact, any redistribution would just transfer the wealth from the job-creators to the political hacks in the real-world.

Also, most people would spend that chunk of redistributed wealth on bling and hold out their hands for more the next day.

But I think that the worst nightmare for the wealthy is a world where everyone is an entrepreneur and values their own labor more than they value their job security.

And that is why most of the 1% are Progressives. They need people to stay locked in the job security paradigm, and when those people lose their job, they want them to become dependent on the government instead of waking up to the reality that they need to find their own value now that they aren’t working for a paycheck anymore.

Not to mention the Gorebull warming scam

The surest way people get rich is by figuring out how to do something at a lower cost than others. Cost is ultimately a reflection of how much energy was consumed and pollution created. People earn green by being green. Consumers and governments on the other hand are very hard on Earth's resources, consuming wealth with nothing to show for it but a pile of trash. Governments confiscating wealth from investors and giving half to consumers while consuming half itself is an environmental disaster. If envi-mentalists really were concerned about CO2 (they're not) they'd reduce the size of government and leave wealth in the hands of people that make everyone else's lives greener.

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