Quote:
Originally Posted by Indydealmaker
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.
|
Amen! We have spent our whole life working toward being a 1 percenter but never quite made it. I hate to think where we would be without the 1%.
I mean really, who wants their goal to be in the bottom percent?