Quote:
Originally Posted by KillerGremlin
They also give a lot of people jobs/support a large portion of the economy/contribute to the government etc.
You need people with money to employ people without money, at least that's my basic understanding (and believe me I have minimal understanding) of economy.
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Thats is an inconvenient truth for many people. My dad's small construction business is a perfect example of how the system works:
He is middle income and employs about 5-10 people at a time depending on the level of business he has, but his work comes from very wealthy people and large organizations/corporations.
When the wealthy get hit, they stop building new houses, additions, patios, etc. so there is no work for him to do. When the wealthy are not building or expaninding their businesses/homes he has no work, so he is forced to lay off his emplayees, who have been on unemployment since late November. They are out of work because my dad is out of work. Soemtimes I feel like people think businesses WANT to layoff workers. This is not the case as its usually a bad sign for the company as a whole.
Now if we adopt the ethic that wealthy people are the problem and then apply punitive economic measures against them, its takes them that much longer to get back to the level where they can reinvest and create more work, so its takes forever for the economy as a whole to recover, or in the case of FDR's New Deal, it takes a worldwide transformative disaster for it to recover.
This doesn't just affect construction, either. Its affects marketing, advertising, retail, manufactuting (nothing sells, why build more?) and more. Its all interconnected and WE are all interconnected. This idea of us vs. them has to end because we are all part of each other's success. Every time in out history that we've had punitive tax rates for the wealthy we have ALL suffered, and suffered for extended periods of time.
Contempt for wealth will never build it.