Are the .1% are shooting themselves in the foot by hording.
Presently, the rich preside over a demographic pyramid that is top shaped and de-stabled.
Ironically, because the rich have put themselves so far from the base, they themselves have become the most unstable part of the pyramid. This is not good for the rich.
Trickle down, an economic concept which is what we all live in, if increased would remedy the stability problem.
With the world below being de-stabilized by the rich, due to their distance from the bottom, and the rich knowing the benefits of stability, would be well advised to lower its demographic position and bring profits to the whole demography.
To the rich, with profits to all being possible, I would ask, what are you waiting for?
Piketty's book blasts open what its really like to live in America and other capitalist country's Thanks for the link DL.
ries as My pleasure. That link applies not only to capitalist countri
Great link D L.
Will the president of the U.S. bring the economy to October 29, 1929?
If interested in economic theory the following may be interesting.
Sorry the link didn't come through. History of Federal Incom Tax Rates: 1913-2017 https://bradfordtaxinstitute.com/Free_Resources/Federal-Income-Tax-... Is interesting to look at.
I yawn as lag times create problems with posts.
I do not look to the past for what I think the tax system should be.
I look at what people think the ideal should be in the spread of wealth as well as I recognize that eventually we will all be rules by demographics and demographers. As our economy should be.
We will maintain inequality, as any evolving species should, but we will build more equitable spread between rich and poor.
A good find that is confirmed with this.
In the past ~60 or so years it was thought that more population was required for consumption and productivity. That model should be dismantled - considererding climate change, over population and what not.
While growth is possible, consumers are required and desired.
Many think we are getting close to unsustainability so your thinking is timely.