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Politics : Immigration and its Reform -- Ignore unavailable to you. Want to Upgrade?


To: DallasKevin who wrote (21)5/2/2013 2:52:23 AM
From: clear3 Recommendations  Respond to of 270
 
This is not true. They may hand it over to others who invest it, but they themselves generally don't do squat but spend it, which is a good thing.

Wrong. We're talking about the rich. They couldn't spend all their money even if they wanted to. They put their money to use to try to earn more. Spending money isn't good for them, and they know it.

I wish they really would invest more in jobs and building businesses...

They invest most of their money. You don't know what creates jobs.

then the distinction between the wealthy and the poor wouldn't be so great,

Wrong. The 'wealth gap' would increase, which is a natural function of increasing wealth.

and there would be more middle class.

With a bigger wealth gap between the rich and poor.

And its not the rich who build wealth. Its their accountants.

Try cracking an austrian economics textbook. Accountants create zero wealth. As I said, you don't have a clue.

The average person with wealth has no real idea what to do with investments.

They don't need to. You keep proving over and over you don't know what creates wealth.



The majority of people who came up with wildly successful ideas or products had no idea that they would be successful.

No one knows they're going to be successful.




And those that didn't hire good tax attorneys and accountants didn't keep the money either.

What money?





You have no idea what creates wealth or jobs. If you 'think' you know what creates either one, tell me.