Quote:
Originally Posted by Streck-Fu
The false position is the idea that there is a fixed amount of wealth and that if certain individuals have a lot of it, there is less available for others. That is not true.
Whether Bill Gates or Donald Trump amass 11HundredBillionTeen dollars, it has nothing to do with your earnings potential.
The underlying reality of America's capitalism is that the population of "The Wealthy" is not static. Poor people become rich. People like Sam Walton who found Wal-Mart, Oprah grew up poor, and Bill Gates did not inherit Microsoft.
At the same time, many rich people end up poor, whether through bad investment, timing, or business collapse.
The population of 'Rich' in this country has been dynamic and is not fixed. Income inequality is not the issue. The issue now is the reduced income mobility due to a suppressed and over regulated economy.
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The problem is that capitalism has become perverted over the years. The motivation to turn a profit corrupts people.
Minor example: The annual bonuses the managers in "my" company get are based off of the net profits of the company. There is a fixed amount of wealth that can be obtained. In order to amass a larger bonus, the managers will suppress the wages there by cutting the overhead cost of the plant.
The General Managers are then praised by the top brass of the company for increasing the net profits and thereby rewarded.