Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

rhett o rick

rhett o rick's Journal
rhett o rick's Journal
March 10, 2015

Soak the Rich? Or Get Our Wealth Back?

When we had controls on our capitalism, the capitalists needed growth to grow their wealth.

During that time the middle and lower classes shared the growth and the wealth. Free and abundant resources helped the growth. However, when the resources became scarce, the huge combined wealth of the middle and lower classes became a very tempting target for the rich. The rich discovered it was easier to buy some Congress-Critters, get the restrictions lifted, and steal from the middle and lower classes. This was not growth. When the middle and lower classes ask for their money back, they are accused of wanting to “soak the rich.”

When the rich are stealing our wealth (they say “it’s just business) like they did when the banks failed in 2008, no growth results. When the rich run the market up by buying and selling back and forth, it isn’t growth it’s a pyramid scheme that will eventually fall.

But if the rich invest in jobs and infrastructure, that will lead to real growth that we can all share. The government (us) needs to strongly encourage the rich to do just that.

Profile Information

Gender: Male
Member since: Fri Apr 22, 2005, 01:05 PM
Number of posts: 55,981
Latest Discussions»rhett o rick's Journal