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In reply to the discussion: IMF suggests nations tax the rich to lower deficits [View all]RKP5637
(67,083 posts)30. I think you're onto something. After the poor and middle class are carved out they will
have to start devouring the lower echelons of their own, and they will do that, their lower echelons of wealth will become the "new" poor and middle class to be decimated to enhance the wealth of the top dogs. They have no sense of loyalty, conscience or respect, not even for their own. They are fueled by greed, only the acquisition of $$$$$ counts, it is really a sickness and is destructive to a healthy society.
And, they destroyed the safeguards over the years, such as, a functioning progressive taxation system. They will eat their own, then finally, maybe, they will cave in and be gone ... and a healthy society will replace the ravages left after their gorging.
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I think you're onto something. After the poor and middle class are carved out they will
RKP5637
Oct 2013
#30
Europe is worse off than the U.S. economically. Things are getting bad globally.
yardwork
Oct 2013
#16
In this case, the wealthy and the middle and lower classes are on the same side
RainDog
Oct 2013
#38
Think it might have anything to do with their recently new Managing Director, Christine Lagarde?
MH1
Oct 2013
#11
Adam Smith may not be as one-sided and shallow as conservatives make him out to be.
MH1
Oct 2013
#18
She speaks out of both sides of her mouth, but at lease she sees two sides.
mountain grammy
Oct 2013
#19
"and fight against growing income inequalities." << also an important clause of the statement
MH1
Oct 2013
#22
This political and economic climate makes for the damndest bedfellows.
BluegrassStateBlues
Oct 2013
#41