Aielyn on 16 June 2012
| Kasz216 said: More often then not, when the rich are getting richer, it boosts the economy for everybody. |
This is a common claim by certain people, but it isn't supported by any evidence.
History has shown that, when the rich get richer, it makes a short term economic boost that doesn't benefit anybody else, and then a crash that tends to hurt the poor most of all. See the GFC as a demonstration of it.
EDIT: It's like the idiots that go "lower taxes means a stronger economy", despite the fact that economic stability has been highest when taxes for the wealthy have been at their highest, and every recession and depression came during periods of particularly low taxes for the rich. The facts and history simply do not support the arguments of such idiots.
