Quote:
Originally Posted by CaptainHaplo
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...
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Small nuance:
When the super super rich guy goes broke the government bails him out and the poor guy ends up on the street.
If the government does not then much more people end up on the street.
Something is screwed up and out of control here.....its a win win situation for super rich ....megalomaniacs.