Posted 11 months ago on June 4, 2012, 11:42 p.m. EST by Misaki
This content is user submitted and not an official statement
The feedback I got from the "Does OWS want to "punish" the rich?" thread (and from this one) was that spending money to manipulate the political process is unethical and should be punished or at least prevented, but charging high prices for items and making billions of dollars of profit is perfectly ethical and fine.
The fact that the politicians we elect to office are vulnerable to corruption (such as by creating loopholes for corporations in the state they represent, or accepting "donations" to a local school district in return for tax rules that favor corporations) is completely the fault of the 99% but that's beside the point.
Do you have any plan for how the rich COULD be using their money to help the economy? In a previous thread I argued that charity does not (significantly) raise employment because charities are not in the business of giving people jobs. Maybe the rich could "invest" in new equipment for businesses and so on, but we'd probably buy it from China and if it was spent on construction those new buildings would just end up vacant and unused due to lack of product demand.
Or should the 1% hire people to stand around and do nothing? Does anyone actually have any ideas of what the 1% should be doing with their money to help the economy in a time of dire need?
If not, then we can only blame the people who buy the overpriced products sold by corporations and oppose more government spending, higher taxes on the rich, or just a guaranteed basic income: the middle class (and stupid poor people who support things like the Tea Party).