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Yeah, there is! It takes money out of the economy. Economics 101 - the health of any economy depends on the free and continual circulation of money from consumer to producer to employee. Any long term diminishment of the money supply, from excessive imports to excessive saving, is damaging to the economy. Any damage to the economy will, by definition, affect the poorest first and most enduringly. If by 'rich' we mean those that hoard wealth, and we surely do since nobody gets on the rich list by having outgoings commensurate with their income, then there is absolutely no doubt that they are damaging the economy to which they are in a parasitical relationship. One does not need to be a socialist or a liberal to simply do the math!
There is now a substantial number of people whose wealth exceeds the GDP of a large portion of the world's sovereign states so it's kinda hard to view that as 'nothing' even if the rest of your statement made sense - it doesn't, obviously. Governments are probably the single biggest contributors to keeping money 'alive' within their own economies. I trust you've not been drawn in by Tony Blair's ridiculous portrayal of those receiving welfare as 'economically' inactive because it's a patent untruth. A far greater proportion of the income of those on welfare is returned immediately into circulation than that of any other group. They literally cannot afford savings!
Wow, are you suggesting poverty is good for a healthy economy? What about the amount of debt the state incurs? Or when these same folks can't afford a 4k TV but borrow money and default on their loans? At least with being rich, you always buy what you can afford.
Last Visit: 25-Feb-20 12:47 Last Update: 25-Feb-20 12:47