Or do you think that 90% of the wealth stays with 10% of the population.
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June 2nd, 2008 at 5:32 am
I guess trickle would be an appropriate word.
June 2nd, 2008 at 5:32 am
the system by design keeps people poor ad impoverished unless you know how to work the system or get off the grid.
Like say when interest rates are 20% and the annual growth rate is 4% the wealth will concentrate into creditors. And many companies will have workers produce more than what they are getting paid.
So even if the money trickles down to the less fortunate, it'll end up getting sucked back into fat cat pockets.
So basically you have 90% slaves and 10% masters.
But I'd say the system is falling apart fast with the impossible crediting system.
June 2nd, 2008 at 5:32 am
No. I think those "fat cats" are perceived and that those who succeed are people self-motivated, self-driven and have stronger self esteem. The trickle down is in that those individuals hire the other people as employees or service providers and they continue to make more money by the fruits of their goals and your efforts. It would be similar to saying it is a "pyramid scheme" what employment isnt, other than self-employment? No one considers this factor in practical business modeling and the thought some one of Forbes top 100 or 500 individuals would open the window and throw money out of it to less fortunate people isn't realistic. The money they do release to society is in the forms of tax right-offs such as endowments, scholarship programs, donations, non-profit sponsorships, etc… They wouldn't be where they are if they did throw money out the mystical window and it is likely they are where they are because of their own hard work and efforts.
Personally, I think we lay too much emphasis on what others have rather than setting our own goals to obtain similar fortunes. To some you may be a "fat cat"- when you see the people with the "homeless will work for food" signs do you stop bye each one of them and give them 5 bucks- of course not- you were likely taught they are bums just looking for their next fix. Envy and greed seem to fuel our economy not the equality of all people. We judge and are judged by our peers- so my thought is if you were in the position described in this question, what would you do?
PS spell check isnt working today so please forgive me if there are tons of misspelled words.
June 2nd, 2008 at 5:32 am
That's funny! And yes, to the second question.
June 2nd, 2008 at 5:32 am
Not hardly. This is Tantamount to Marie Antoinette's Lavish lifestyle telling the People to Eat Cake and it cost her head!
That's Voodoo Economics to make them feel better about what they are Actually doing. There isn't any more Government Chees either. Fox News asked What people could further do to tighen up? Excuse me, wages did not go up as everything else did and Jobs Are increasingly Outsoursed. suppose all of us could live in the great outdoors and turn the lights out to be more Environentally Friendly.