The point that the article was trying to make is that in a capitalist economy, the people who make money only make it by provided a valued good or service (criminals obviously not included here). We point at the 1% with their cash hoards but they only received that cash by selling something in a voluntary transaction that benefited both parties.
E.g. I sell you a coke and get a dollar. You now have a coke and I have a dollar. No one complains that you should share that coke but bc I made a dollar (or several million dollars from selling millions of cokes) I am vilified for not "giving back to the community". The reality is I have already given back to the community -- millions of cokes! I provided a good or service that benefited the community! People like Cokes!
Now the author makes a hyperbolic point about them not paying any taxes or giving them congressional medals of honor which I take as humor.
I agree that the rich should pay taxes to pay for "Police protection, employee education, etc." I suspect most people believe this as well.
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[ 2.6 ms ] story [ 15.0 ms ] threadPolice protection, employee education, etc. If the 1% dislike contributing to society - they should leave.... But then who will:
* shampoo their hair, * fix their airplanes, * build their 60th house, * worship at their feet
E.g. I sell you a coke and get a dollar. You now have a coke and I have a dollar. No one complains that you should share that coke but bc I made a dollar (or several million dollars from selling millions of cokes) I am vilified for not "giving back to the community". The reality is I have already given back to the community -- millions of cokes! I provided a good or service that benefited the community! People like Cokes!
Now the author makes a hyperbolic point about them not paying any taxes or giving them congressional medals of honor which I take as humor.
I agree that the rich should pay taxes to pay for "Police protection, employee education, etc." I suspect most people believe this as well.
Twas true in the Gilded Age (1880-1900s) which is why Teddy Roosevelt busted up the monopolies.
Twas true during the S & L crisis.
Read http://4closurefraud.org/ to understand how the banks are stealing, getting rich and not having to pay a penalty.