Most of the idiots with lots of money "horde it" by investing it in
companies (stocks and bonds and such) and buy stuff, but there is a
limit to how much stuff you can buy so the rest has to go somewhere that
will (they hope) help them make more money (just like your 401K plan!).
The investments keep things going and raise the tide, mostly.
Interesting you mention Bill Gates. He has put a lot of his fortune
into his philanthropic foundation (and I think plans for all of it to go
there when he dies). He also promotes other rich folks doing something
similar, either to his foundation or to their own to do "good" things.
The interesting aspect of that to me is that a lot of people (including
many of the rich fools) rant about raising taxes on the rich, but then
instead of giving their fortunes to the gummint to work wonders decide
they can do better than the gummint. And those who think their taxes
should be higher think it is great they are putting their money into
foundations and bypassing the gummint. Something of a disconnect, no?
--R
On 1/27/14 12:47 PM, Curt Raymond wrote:
I don't think trickle down works the way the Reagan economists espouse. I do
believe that a rising tide lifts all boats but what good does that money do
when some idiot just hordes it? After all you get to a point eventually where
you can't spend it all and where some fool is just getting rich for the sake of
getting rich.
Bill Gates is doing great work, there are others as well but many more just
aren't. They'll pass off a big fortune to an idiot kid who will blow it...
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