Quote:
Originally Posted by ijusluvit
Extremist groups are always scary to us middle class folks.
Any chance the 3 percenters are as dangerous to our democratic future as the 1%?
(That would be those who are gobbling the nation's wealth like pacman and systematically depriving the middle class of the spending power to make our economy strong again.)
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I guess you think wealthy people hide their cash under their beds so that it is never seen again.
The wealthy spend spend spend. Dining out. Hotels. Resorts. Vacations. Cars, boats, planes, jewelry, houses, insurance. They invest in businesses that employ millions.
They invest in funds that invest in mortgages so that millions of employees can get mortgages. They invest in funds that provide money to companies that loan money to ohter companies for capital equipment and expansion as well as start up funds.
Not to mention they pay about half of all of the income taxes in this country as well as huge chunks of sales tax and excise taxes.
In this country, you create as much wealth as you want. You just have to pay the price. Most people will not dedicate 100% of their time and energy to do what it takes. To say that the wealthy suck up all of the money sounds like 60s Berkeley rhetoric. Inaccurate then and now.