Quote:
Originally Posted by Pete F.
Read it yourself
the Forbes 400, paints a far different picture. Between the first computation in 1982 and today, the wealth of the 400 increased 29-fold–from $93 billion to $2.7 trillion–while many millions of hardworking citizens remained stuck on an economic treadmill. During this period, the tsunami of wealth didn’t trickle down. It surged upward.
The market system, however, has also left many people hopelessly behind, particularly as it has become ever more specialized. These devastating side effects can be ameliorated: a rich family takes care of all its children, not just those with talents valued by the marketplace.
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no one is denying that income inequality is getting worse. What I am asking, and I think you know this, is this...how is Warren Buffet's wealth accumulation CAUSING anyone else to fail to achieve their own dreams?
Just because two things are happening at the same time, doesn't mean one causes the other.
Tell me how Buffet's wealth is the cause of anyone else's poverty?
Pointing out how wealthy Buffet is, does not explain how he caused anyone else's poverty. I don't think you are this stupid, I think you cannot answer, but you aren't honest enough to admit I'm right.
Buffet's wealth might not be fair in light of how many poor people there are. But his wealth isn't causing anyone's poverty. He created that wealth, and as Spence said, he's sharing billions of it. This is a good thing, not the sinister thing you desperately want it to be. He
created that wealth, he didn't steal it.