How does income inequality hurt ANYONE

[iamskippy]

Originally Posted by Jim in CT

I would just love to see you elaborate on that. How does the existence of billionaitres diminish your quality of life? Maybe a specfic billionaire hurt some people on the way up, but in general, how are the rest of us hurt by the existence of these people? Are you going to claim that if those billionaires didn't exist, their money would be spread arond to the rest of us? It doesn't work that way.

We are helped by their existence, here's how. Most of them pay a lot of tax dollars, which lowers the burden on the rest of us. Most of them give a lot of money to charity, which helps people in need. And unless thet stuff all that money in their mattress, they either (1) spend it, (2) invest it, or (3) put it in the bank. In any of thos ecases, their money is in circulation, helping th eeconomy, which helps everyone.

Let's have a beer some time .
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