
Originally Posted by
galexander
Actually you said the following:
Do you think the majority should be allowed to simply pilfer a privileged minority by virtue of their superior numbers?
Rather it's the other way round. Tell me how can a single tycoon make so many billions, or even trillions, without pilfering the majority at all? Presumably he made all his money by his own individual effort with no outside help at all?
If you look at Bill Gates, it's because he saved industries a lot of billions, and only kept a small cut of that for himself. It's just that the magnitude of the savings was so large that his little slice of the pie ended up being a lot of money in total.
Some others make billions because they manage very large business empires and do a good job of it. They make their money from the sheer scale of the work they're doing.
The more sinister ones make their money off of real estate, or by market manipulations such as mergers, or by dealing with OPEC (which is a huge international collusion racket, for want of a more polite descriptor).
Apparently in the US two thirds of the entire national income is earned by the top 1%. And how much tax do they pay? Very little. And look at the national debt in the US.
It doesn't take an economics expert to tell you what the problem is.
Further 49% of wage earners in the US don't pay any tax at all because they are on a low income.
The economic situation in the US is becoming a joke with a monumental divide between the rich and the poor. No wonder FEMA has made so many preparations for potential social unrest.
What I've seen in college is a big divide between smart and dumb. The dumb kids study fields that don't require a lot of IQ, and then go on to look for a job doing social work or some other not-very-economically-valuable direction. The small minority of smart kids study out degrees in engineering, business or some other technical field, and then go on to start large scale business operations, or work for them at an upper management level. Especially engineering schools have had a huge problem with under enrollment, even though alumni from those schools regularly make huge donations to improve the schools' facilities. It was funny looking the small class sizes in the engineering school of OSU, which has the nicest building on the whole campus right now.
Basically the increasingly small percentage of Americans with the skills necessary to keep our industries afloat are getting more and more of the money while the rest of us lay around belly aching about how entitled we feel, and how "those smart people" should be doing a better job of feeding us.