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Politics : Politics for Pros- moderated

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To: TimF who wrote (358688)	4/10/2010 4:33:18 AM
From: KLP	Read Replies (1) of 793673

I certainly can agree with him here… One of the really bad ideas that drive some of the worst government actions is the notion that wealth is somehow fixed, and that by implication all wealth is acquired at someone else’s expense. And I do get your point about the average person living better than the so called "robber barrons" of the last century. BUT, what I think has happened that we only see that the money generated by and for the millionaires and billionaires of today has totally been skewed. That money has been lumped together, homogenized, so that what comes out the funnel, is that the "average income" seems much higher by comparison with that of yesteryear. I'd like to see what the US economy would really look like if we took out of the economic equation all the new successful companies since 1980 to present, and also looked at the total income for the top 50 employees in each of those companies. Those new companies have provided employment for millions of people. Had it not been for those creative people, the 'average person' wouldn't have had the income those companies could provide them and their families. Then do the same thing with the newly created companies of those "robber barrons" and see if we took those away, how the average person would have fared. My guess is there are many more 'high net wealth individuals' today than there were in yesteryear by comparison. So we see things like "wealth redistribution" and "social justice" being floated about. BUT, it is the 'average to high average' income person that really pays more than their share of taxes, because the HIGH income folks income has been blended with that of the 'average to high average' incomes. After all of that….do this and consider what has happened to the politics of the country… Take the Top 400 Richest Americans from Forbes and Fortune, and set all that money aside from the rest of the GDP for the rest of the country. It would be interesting to see what political party has benefited the most and how much as well. Hint: Don't think you'll find it is that ole rich "republican" party…..

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