Quote:
Originally Posted by Jim in CT
The guy in your video was an early investor in amazon. If amazon goes up today, that makes him richer. How in Gods name is that result, hurting anyone in the middle class? How, exactly?
He's not taking anything away from anyone.
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I don't necessarily agree with his cure, but I definitely think there is a big problem.
It's not HIM
He did not say it was HIM
I didn't say it was HIM
Our political system has given great advantages to corporate america, because they own the politicians.
The data proves that the middle income class has shrunk and wealth has become more and more concentrated in the highest income class.
Amazon is a good example of what has happened and how wealth distribution has changed our society
30 years ago if I wanted a pair of pants or shoes, I would go to the store in town and buy them.
Assume I spent a hundred dollars
Of that $100 the money would go to the following places
The merchant would pay
$40 for the goods and that likely would go out of town
$40 for his building, taxes, fuel, electric, advertising and most of this would stay pretty local
$10 for his employees
and he would pay his loans and make a profit hopefully on the other $10
Of the $100 I spent probably 60% would remain in my area to be spent again and again.
Well some say, Amazon is cheaper, you save money
Assume it only costs me $80 for the same thing from Amazon
Of that $80 none stays in my area to be spent again and again
There are no local employees
The money doesn't get spent at my or my employers establishment.
The store no longer pays taxes
The $20 dollars I "saved" is the most costly money you can find.
That money is what funds our society, pays our neighbors, provides little league, makes local tackle shops work and is what our society was based on.
It is pretty evident if you look at most any town what has happened to our society.