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sitting on billions of dollars I don't comprehend your information or intuition on where money is in the economy and how it works. No one with billions is sit
by crusso 14y ago
sitting on billions of dollars
I don't comprehend your information or intuition on where money is in the economy and how it works. No one with billions is sitting on a big mattress of it. The money is in the economy working in a fairly efficient fashion. That money is capital for business enterprises, personal loans, etc.
That money has "momentum" within the economy and value because of the people who are controlling it who have a vested self interest in using it as wisely as possible to keep their companies running.
When you take away chunks from these people, you aren't siphoning it out of the swimming pools of the rich. You're destroying the momentum of that money and the value it provides to people working in corporations, in factories, on roads, in restaurants, on and on.
Taking away money from the rich to help the economic welfare of society is like taking your best football players off the field and sitting them on the bench for the benefit of your football team.
- muzz 14y ago> Taking away money from the rich to help the economic welfare of society is like taking your best football players off the field and sitting them on the bench for the benefit of your football team. By that logic, tax brackets should be regressive so that the "best" players pay 0% or, better yet, negative. I don't comprehend your "intuition" on granparent's post about cash. You imply all of it is being invested, which is absolutely not true.