AlsoSprachGideon Wrote:
Mar 06, 2013 12:15 PM
The money the wealthy hoard is spent on stocks and bonds thus inflating their prices. Since it isn't cycled through the economy, the economy will continue to decline. If the wealthy put heir money into infrastructure, public education, research and (yes) food subsidies for the poor the country would prosper. Whoever heard of a hedge fund manager who replaced a crumbling public school? Taxes revenues pay for the other stuff. The taxes the rich would have to pay to make all these things work get cycled into the economy and are spent in the private sector on food and housing and medical care at businesses controlled and owned by the very people who don't want to pay taxes. The return on their extra taxes would be increased wealth,