| Fayceless said: Nobody's complaining about billionaires, they complain about the shifting of wealth into few and fewer hands. Of COURSE some people are poor and others are rich. Money is moving away from the lower and middle classes and into the hands of a few -'the 1%' as they're sometimes referred to. That is the inequality, and rising inequality, that is a problem not just for the poor, but for the overall economic situation of the country. It will ruin the rich along with everyone else when the inequality becomes too great a strain on the economy, on the government, and everything collapses. (I hope you didn't think the "Great Recession" was bad) |
Can you provide a source for the bolded? I'm pretty sure the money this 1% gains is from higher productivity, not some redistribution strategy. if anything, with progressive taxation, redistribution occurs conversely to what you've posited.
