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Post By
Would be Watcher

Location: Canada
Member Since: Sat May 17, 2008
In Reply To
mjyoung

Subj: Re: I'm not an economist at all...
Posted: Fri Mar 12, 2010 at 07:41:01 am EST (Viewed 739 times)
Reply Subj: Re: I'm not an economist at all...
Posted: Thu Mar 11, 2010 at 06:54:44 pm EST (Viewed 736 times)




    Quote:

      Quote:
      ...but isn't contradictory to expect the solution to money redistribution to be an even greater concentration of money into the pockets of those who already have most of it? Wouldn't it makes the problem ever more important down the line with rich being ever richer and poor ever poorer?



    Quote:
    I wasn't suggesting that the solution to the redistribution of wealth is giving to increase the wealth of the rich. I was suggesting that the way to stimulate economic growth is by increasing the wealth of the rich and businesses. Economic stimulation and growth is a much different problem what the unjust distribution of wealth.



    Quote:
    Many people have the idea that the rich are like Scrooge McDuck. But they don't sit on their money. Rich people invest, they grow the economy. If you want more jobs, give business owners the ability to create more jobs. Which means freeing up their profits.


You obviously knows a lot more about economy than I do so I'll take the opportunity to expand my basic knowledge. However, I still have some problem understanding how rich people investing would solve the problem in the long way. I mean, generally, when you invest, you expect a return on your investment right? So all things being equal wouldn't it benefit the rich much more than it does anybody else since they are the one who can invest while the poor can't?



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