The Mudcat Café TM
Thread #130348   Message #2940210
Posted By: John P
05-Jul-10 - 02:11 PM
Thread Name: BS: World's Richest People Get Richer
Subject: RE: BS: World's Richest People Get Richer
My problem with the super rich is that, every time, the people who are in a position to decide how to divide up the money decide to keep the lion's share of it for themselves. To my way of thinking, that makes them untrustworthy to be in that position. No one who has made a billion dollars making widgets actually made those widgets themselves. They got super rich by deciding to keep everyone else in the organization poor. It's not so much a matter of how much money there is in the system as how it gets spread around.

I agree that enterprise is good for the economy. People who have a great idea or who work really hard should make more than others. I also think no one needs to have income of more than about $500,000 per year. Someone who doesn't work as hard could make $40,000 and the hard worker/inventor/business owner would still make eight times as much and have enough money to spend and spend and never have to work again. While people are working full time and still starving, not able to own a home, not able to get health care, and not able to get an education, then we are making bad choices about how to divide up the money. And don't even get me started on Americans fostering slave labor in third world countries, and our economic and health care systems being destroyed thereby.