According to Oxfam International, 0.000000345% of the persons living on the Earth hold the equivalent wealth of the lower half of all of humanity. As a group, these persons saw their collective wealth blossom by $2,500,000,000 a day, while the bottom half of humanity saw an 11% decline in wealth and earn on average $5.50 a day. If we can cut their taxes more we can really move these numbers around.
Hoarding their own property?That might be nobodies business. They typically don’t hoard though. Most billionaires have done something to change the world. Bill Gates comes to mind. The poor are free to develop the skills that will make them not poor. A lot choose not to. The poor are not poor because of the rich. They are poor because they don’t have any valuable skills. The rich help the poor by providing thousands of jobs. I have never worked for a poor person. I owe everything to employers with money.
This is the statement that will ‘‘hang’’ a certain class of people in the not distant future. It will be the ‘‘Let them eat cake’’ of our time. And just like Marie Antoinette, they won’t have a clue what they said wrong.
I look one way and I see unequal outcomes. I look another way and I see unequal amounts of effort being applied in their education, their work, raising children, their marriage, their credit and so many other responsibilities of life. Then those same complain about the unequal outcomes…and life goes on.
Big govt and globalization concentrate wealth in the hands of a few who can pay the politicians for favorably legislation. They create fewer wealthy people. Like Cal.