What would happen if U.S economy lost 1/3 its wages?

[chocoloco]

Chairman-Mao said:

Mr Khan said:

Chairman-Mao said:

Mr Khan said:

mrstickball said:

...And the savings would go to everyone in the 2/3rds to create new businesses to employ those needing the handouts?

You mean go to the 1% that pay the most in income taxes, which they would then invest in speculative overseas markets and ponzi schemes

I hope you were joking. 

Trickle down theory has been disproven, quite frankly. We don't need to be giving the rich more money when they have it better than they've had it in 70 years

I'm not talking about the rich getting richer or anything like that, I'm just hoping you're joking about every person in the top 1% having offshore accounts and ponzi schemes. Not every rich person is a tax evading piece of crap you know. 

If you are in the top 1% of the richest people than you have billions of dollars, are you saying that you are amongst the most rich in Canada?