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Andrespetmonkey said:
Well I guess rich people don't just sit on their money, and their spending will naturally create jobs, which is beneficial for society as a whole.

Or I have no idea what I'm talking about when it comes to economics and should get the hell out of this thread

what you said is true and why we do in fact need rich people (or some entity with wealth).  a "everyone is exactly equal" society simply would not work as we need some driving force to create investment and all the good things that come with it.

however, monopolies are equally as bad.  too few people/ideas at the top and the need to be competitive, honest, intelligent is removed and leads to corruption or complacency.  

as The1 said, we need balance.  we need the rich but we also need them to be in check.  now what that exactly means ... fuck if i know.