The Mudcat Café TM
Thread #110017 Message #2304070
Posted By: Kent Davis
01-Apr-08 - 09:43 PM
Thread Name: BS: the super=rich in the UK bleeding us dry
Subject: RE: BS: the super=rich in the UK bleeding us dry
Here in the U.S., the super-rich tend to do one of four things with the money they have: they spend it, give it away, have it taxed away, or invest it.
When they spend it, they buy things that other people want to sell. The super-rich then end up with less money but more of whatever it is they want. The people who sold them things then have more money.
When they give it away, the ones to whom they give have more money.
When they have it taxed away, the government has more money.
When they invest it, the ones with whom they invest it have more money.
The capital of a super-rich American like Oprah Winfrey or Bill Gates thus makes hundreds or thousands of other Americans at least a little better off.
I'm suprised it's not like that in the U.K. How exactly do the super-rich in the U.K. take your money? Are they allowed to draw it directly out of your checking account or what?