(February 2, 2018 at 6:21 pm)Mister Agenda Wrote:BINGO!Neo-Scholastic Wrote:What exactly do you think the people at the top do with that money? Horde it in a vault like Scrouge McDuck? They invest it in businesses and ventures that provide jobs and build the wealth of nations. Have you ever job from a poor man?
I used to think the same thing, but I've never seen it work in practice. What seems to actually happen is investment bubbles followed by crashes. It turns out demand more than suffices to motivate investment in businesses and ventures, without that demand they start looking around for sexy financial instruments.
The rich get paranoid and set up tax shelters, exactly like preparing for Armageddon. The problem with global paranoia is that workers suffer