As I said before, the super rich have very little money; what they have is wealth; on paper as you call it. That wealth is not being taken from the poor or middle class because they have very little wealth, what little bit they have is in currency
But that's where they got that wealth from in the first place! Other people, to be precise (probably from many different economic classes, depending on the product or service offered). The rich get rich by creating companies that sold a product or service that other people paid for. From there, investments and assets added to their wealth, but it originally came from somewhere: customers.
In a robust, strong economy, much of that wealth is put back into the system, building companies that create jobs and pay wages. When that happens less, their wealth stays where it is, and it doesn't aid the economy.
This is what's been happening. Again, corporate profits are at record levels, but jobs and wages are not.
Not quite. They reinvest the money in the company and give it to the shareholders.
Not their workers. Which means the wealth continues to concentrate at the top, not with more people who could use it to buy more things and use more services.
That would make for a stronger, more robust economy.
Now because the very rich have the majority of the shares, it is equal to keeping more of it for themselves; which is good for the company, not necessarily for the worker. But anyone can become a shareholder.
Theoretically, sure. In actual reality, not so much.
Because I suspect that is what would happen if they were forced to pay the workers more than they want to. If they were not allowed to control their wealth as they choose, they would lose motivation to create wealth.
And do what? Sit on their money and not invest it?
That's where we're at NOW!
See, we've had thirty years or so of an economic policy that basically said "throw more money at rich folks, they'll trickle it down for everyone!" Guess what, that didn't work.
So, time for a new idea. Like ones that worked in the past, and did help create a stronger, more robust economy.
Do you really believe when one company buys out another, someone comes into an office with a billion dollars worth of $100 bills?
Nah, they probably write a check.
Same thing, just less paper.
And where does the employer get it from? Where does the bank get if from? It all comes from the Bureau of Engraving and printing.
The employer gets it from his customers, the bank gets it from those it lends money to when they repay their loans (and from other investments).
The Bureau of Engraving and Printing does not just hand out cash.
Why was it erroneous? It IS an example of how the economy grows. When property grows in value; weather it is a business, farm, whatever; it grows the economy.
But the Bureau of Engraving and Printing does not print money equal to that amount. Someone pays for that property when its sold (maybe at the assessed value if a buyer is willing to pay that amount), someone buys that business' product or service, or that farm's crops.
Economic growth occurs when there is enough economic activity to increase the market value of those properties, goods and services, and people are able to pay more for them.
I asked for an example of an improvement that did not result in increased value; not an attempt at improvement.
And I offered a couple of examples of exactly that.
All improvements are attempts; some pay off, but some don't. If you're smart and well informed about the improvements you attempt, you're probably going to be more likely to see increased value, but you never know for sure until someone agrees to pay more because of that improvement.
There is a difference between earning money and taking money.
Only if the person you're taking it from doesn't give it to you willingly. Otherwise, it's the same thing. You take money that is given to you willingly by an employer or customer.
There is a difference between buying property and taking property
The only difference is the willingness to sell it.
-- A2SG, "take" and "steal" are not synonyms....