Forum Post: The only wealth transfer that has occurred...
Posted 12 years ago on Dec. 23, 2011, 8:43 p.m. EST by opensociety4us
(914)
from Norwalk, CT
This content is user submitted and not an official statement
is the one from the 99% to the 1% for the last twenty years and the 1% surely didn't earn every penny of it - you're going to have to fight hard to get some of it back.
They would be more than glad to give most of it back. You really think that they worked that hard to get it. Read my opinion on this matter. It goes like this:
The Government has money (false wealth) they decide to set a business called "poor". They give this money to this business and guess what they give it on to the "rich".
Now the RICH cannot give it back to them because they have more coming in next week and really don't want it anyhow because all of their needs are being met by their Government.
So the money just piles up in the banks of the "rich".
In the meantime, the Government has run out of money to give away so they borrow a little. Over time this has gone up to 6T$ of debt. Now people and even some foreign countries are saying STOP.
The next logical step is to cut into the cycle and take it away from the "rich" either through increased taxes, regulations, or any of several other means (many of which would be supported by any opensociety)/
This merely results in the growth of the "poor" as more funds become available and continues the flow of the wealth into the "rich" hands.
Today the "rich" have more wealth than they know what to do with. Welcome to Government > Poor > Rich cycle which stops with the Rich every day.
Get the government out of the cycle and think for an hour about what you think the result would be.
LOOK