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Reply #2: The rich always try to kill the goose that [View All]

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 02:32 PM
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2. The rich always try to kill the goose that
laid all their golden eggs by stripmining wealth from the class that actually works to create it. That causes the consumer market to collapse as people can afford nothing but bare essentials (and usually not enough of them) and avoid any goods or services they can do without and survive.

As they gain more and more wealth, they find themselves victims of the law of diminishing returns, meaning that additional wealth becomes more and more meaningless except as a set of numbers, as the goods and services they could have bought with that wealth are disappearing, thanks to the collapse of the consumer market.

Only a system that siphons the extreme wealth off the very top and recirculates it at the bottom can remain a healthy, dynamic system. Allowing wealth to stratify is allowing it to stop moving, and wealth only works if it is kept in motion.

Remember, guys, the money pump works from the bottom up, not from the top down. No rich man ever gave anyone a job producing something that he didn't have a paying customer waiting for. Ignoring this fact will always lead to economic stagnation followed by depression. There have been no historical exceptions.
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