Quote:
Originally Posted by One Tin Soldier
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How exactly do rich people "take" money from people? The only entity which takes money from people (legally) is the government.
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For one thing, the rich people currently own the government.
Quote:
Originally Posted by One Tin Soldier
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When a business sells a product they are not forcing people to buy it. It's a voluntary act on the part of the purchaser to buy said product. Does MacDonalds round people up at gunpoint and herd them into their resturaunts and force them to buy Big Macs?
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The government currently cuts their corporate patrons tax breaks, subsidies, antitrust protection, deregulation, and bailouts in exchange for campaign contributions aka bribes.
It really manifests less as them 'taking money from people' and more as class warfare and wage depression. Corporate interests (represented by both democrats and republicans) go through great lengths to diminish unions, block labor laws, and depress wages.
It's really apparent with real estate, with wealthy investors buying up large amounts of housing and renting it out, completely refusing to build affordable medium-income housing (in cahoots with municipal governments), resulting in both housing prices and the cost of rent being stupidly inflated. We're basically in another bubble already. The skyrocketing rent and mortgage payments siphon away huge amounts of disposable income and dampen spending, retarding GDP growth in a manner similar to how excessive gas prices helped precipitate the 2007 meltdown.
As more and more wealth becomes concentrated in the hands of a few, their ability to capture an even larger share of both existing wealth and newly generated wealth increases, due to the fundamental reality of economics: that wealth is conducive to more wealth, and no free market force exists to correct for inequality.