Wednesday, July 17, 2019

The rich really are getting richer

The rich really are getting richer. But some still believe in a 'trickle down' economy: when you give more money to the rich it will 'trickle down' on those with less money.

Sounds nice but simply isn't true. Globally ten percent of all people (click) get over half of all the available money.

And that number is increasing. At some point the ten percent will have all of it and the rest will be either dead or starving. But without people to exploit, what will the ten percent do?

When large corporations actually paid normal percentages in income tax (in the seventies), the capitalist system actually worked. For most people anyway. So why not go back to those days?



Want to read (more of) my short stories? My author page: Terrence Weijnschenk at Amazon https://www.amazon.com/-/e/B00K4007NG

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