When the Rich Get Richer, It DOESN’T Raise All Boats … It SINKS The Standard of Living For Everyone

September 6th, 2011

FAKE NEWS for the Zionist agenda

Washington’s Blog
Sunday, September 4, 2011

I’ve repeatedly noted that rampant inequality destabilizes the economy as a whole, and actually causes depressions … but that government policy is increasing inequality.

I’ve also pointed out that no one – liberal or conservative – likes runaway inequality.

Now, Jeffrey P. Thompson (Assistant Research Professor at the Political Economy Research Institute of the University of Massachusetts, Amherst) and Elias Leight (Assistant Analyst Tax Analysis Division of the Congressional Budget Office) have demonstrated that when the wealthiest Americans get richer, everyone else becomes poorer.

For example, they demonstrate that when the wealthiest Americans get 10% richer, middle income Americans get 2% poorer.

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7 Responses to “When the Rich Get Richer, It DOESN’T Raise All Boats … It SINKS The Standard of Living For Everyone”

Corporations as they now exist are the problem, not wealthy individuals.

There needs to be strong limitations to corporate power and until such limitations are in place and fully enforced there will be no equity, no justice and no liberty for the large majority of humanity.

Blaming the super rich without defanging them is only going to lead further toward mindless class envy and reliance on impotent and corrupted governments.

Corporations are the instruments of corruption and instruments of those wealthy who are intent on dominating the world.

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First of all, define “rich”. If you are living on welfare in the projects without a job, car or access to healthcare and childcare, the middle-class lifestyle of having a home of your own, car, job , insurance, etc appears to be “rich”. On the otherhand, if you are a middle-class family, working a job, living paycheck to paycheck and struggling to meet your mortgage and car payments every month, the guy who owns a small business, vacations in the Carribean and has a big house, nice car, boat and sends his kids to local private school appears to be “rich”. If you’re that guy, then maybe the guy living in the penthouse west of Central Park in NYC, with the private plane to fly him to do business in China or Europe, with the yacht in a local boat basin appears to be “rich” — and then there’s Bill Gates, Steve Jobs, Rupert Murdoch, Oprah Winfrey — who we ALL know are “rich”.

Now, where are they drawing the line that puts you in the “top 10%” category? Maybe the guy with the penthouse, private jet and Bill Gates, etc. don’t need to get any richer and don’t let the money “trickle down”, but just put it in the bank with the rest of the money they’ll NEVER spend, because they don’t have to.

On the other hand, they guy with the small business, who buys and nice house, buys and nice car and sends his kid to the local private school may seem “rich” to some, but is he in that “top 10%”? I don’t know, but I do know that THIS GUY is the one who pays the LOCAL real estate agent for that nice house he bought, pays the LOCAL car dealer for that nice car he drives, pays the LOCAL teachers in that private school his kid attends and gives LOCAL people JOBS in his small to medium sized business. The more money this guy makes, the more all boats around him rise with the tide.

Keep things in perspective and remember that it is sometimes the lens through which you view the world that distorts or focuses your view of it.
This argument assumes there is no honest way to get rich.
There’s an old saying: It takes money to make money. So, if you are a greedy rich person, you can cut down your competetion by gathering all the wealth and power you can, at everyone else’s expense — which makes it impossible for anyone else to compete.
Consequently, we are seeing a huge gap open up world-wide between the have and have-nots. But how do we stop this trend?
I’ve always found this “trickle down effect” theory hilarious.
If the already obese guy at the dinner table takes a bigger slice of the apple pie than he did at the last meal, it means less for you. Period.
- And the only thing “trickling down” after, is something you don’t want.
Anyone remember the song “Barry’s Boys? “Back when the poor were poor and the rich were rich and you felt so damned secure just know’n which was which.”