3 ms·

Because not everyone buys into the zero sum thinking that you do. The US created enormous private fortunes in the late 19th century, and saw massive wage growt

• Havoc 4y ago
  You really think the average guy on the street hears about rule changes to boost banker bonuses and thinks "great"? From what I can tell the mood is more "eat the rich".
• imtringued 4y ago
  Let me tell you the problem with capitalism, there is nothing about capitalism that forces people to invest their money, as people get richer they keep a bigger portion of their net worth liquid, 10% is the rule of thumb and the liquid assets are used for speculation rather than long term investment. As interest rates approach zero, the yield curve starts getting compressed, to maintain a healthy yield curve, the yield on extremely short term assets like 1 month treasury bonds and liquid demand deposits in a bank account actually needs to be slightly negative, about -3% so that people have a "profit maximization motive" to buy long term assets at 10 years with 0% or 20 years with 1% instead of speculating with their money. Tax reform might be great but simplifying tax codes is much better than just lowering them.