An opinion piece that ignores simple math....
Working man buys 5 shares of gettinreadytoexpand inc. at 20 bucks a pop.
Super-rich guy buys 2000 shares of gettinreadytoexpand inc. at 20 bucks a share.
The company goes global and makes money hand over fist - paying dividends and watching its stock price multiply by 10 fold.
Working man collects his dividends and makes a nice little profit.
Super rich guy does the same.
Yes - super rich guy just made 400x more than the working man - because he RISKED 400x as much.
Paul Krugman (and most other liberal "economists") intentionally ignore the fact that when you "have more" - its easier to "make more".
Simple and fundamental reality - but in their view - the super rich guy should be giving his extra profit to the working man - just to "be fair".
And they wonder why the economy hasn't recovered with wealth distribution schemes in place...
__________________
Good Hunting!
Captain Haplo
|