Quote:
Originally Posted by Pete F.
If the poorest 50% of Americans (net worth $3 trillion) suddenly vanished, it'd be chaos while everyone left scrambled in vain to restore basic features of modern civilization.
If the Forbes 400 (net worth $4.5 trillion) vanished, it'd just be some extra paperwork for lawyers.
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Quote:
Originally Posted by Jim in CT
That's just about the most economically stupid thing I've ever read.
You are pathologically obsessed with the existence of a small number of wealthy people, whose existence has no impact on you at all. You're foaming at the mouth here.
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The way the economics work is
The lowest 50% disappear, GDP goes to single digits, entire sectors disappear.
Lose 400 billionaires, all their investments continue and their labor is negligible.
You are obsessed with wealthy people and try to equate your rabid behavior with intelligence.
I'm concerned with the redistribution of wealth in this country thru politics and control of the government.