a 1 player says
Most of the money that they own is tied up in things that are not liquid, such as factories, machinery, and real estate. All of which employs other people. The reason that they are getting more wealthy is that they are getting a return on their investment, the same way you and I are. The 'rich' is not an entity, it is a group of individuals no different than you or I who have made some wise business choices, and who have worked hard and saved well.
My answer is
And this creates a cycle of the rich getting richer until they have far more than what their hard work earned. As to where their money is tied up those are numbers I would like to see A lot is spent on mansions and third world $1 a day labor that leaves Canadians unemployed The Auto crises is partly because so many Auto jobs have gone to Mexico
a 1 player says
If you can, please back this up. It might be true, but that would mean that 1% would all have several cars, washing machines, televisions, etc. If 1% owned 25%, it would mean that they should own 25 of each household good. I can't see this.
My answer is
Yes, I too, would like to see some definitive answers to this vital question
a 1 player says
Yes I do. It is MY money that is paying for those 18 sick days.
My answer is
I share your anger. It is mine too that pays for the sick days. This money should come from the 20% that have 80% of the money.
I swear if you lived in Medieval times you would have supported Nobilities right to own peasants. Seriously.
That is the social thought that was inculcated into the masses then the same way you have accepted the social thought of today that supports the rich
a 1 player says
This is just nonsense on so many levels. Money is exchanged for productive labor, and grown by investing in things that will produce a return on ones investment. As for the oil companies... Most are publicly owned, people choose to invest in them because they do give a good return. To most people, the returns they gain outweigh the exploitation they do, (if one can call providing jobs exploitation). If you don't like how they operate, don't invest in them. Many of the third world countries have not even gone through an industrial revolution yet.
My answer is
Oil companies support dictators that kill those who strive for democracy. They call this economic stability. When the oil is gone their legacy is a rich elite with the peasants left with oil soaked farm land. Oil is a curse to the vast majority of the third world peoples. Far to many of these jobs created in third world countries are unsafe and allow for only bare survival
a 1 player says
The truth is out there, but it is dependent upon the way you see it, and what your philosophies are. A capitalist sees the truth different than a socialist. You have shown which you are.
My answer is
Wrong. I believe in freedom and capitalism and see the need to address some serious flaws before we lose our freedom. I would prefer unfetterd capitalism and no unions but this idealism will not work. We nearly lost capitalism during the great depression