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    What Don’t You Understand About Growing The Pie?

    What Don’t You Understand About Growing The Pie?

    The 400 wealthiest people control more wealth than that controlled by bottom economic half the population. Michael Moore said it, and PolitiFact checked it, so it must be true.

    So what?

    There is no limit to wealth in a free-market, capitalist society, unlike a socialist society where government controls the means of production and decides who gets what from the finite pie.

    No one is stopping you from starting and building the next Microsoft, or Google, or Facebook, and joining that list.

    The creation of wealth is very dynamic.  Look at the Forbes 400 list and you will find some old-line families, but they are shrinking in prominence. 

    But look towards the top of that list, and you will find families or individuals that built great businesses which created hundreds of thousands of jobs and lowered the cost of living for hundreds of millions of people (the Waltons, Jeff Bezos of Amazon, Michael Dell), and entrepreneurs who invented or developed the technology which is the foundation of our economy (Jeff Page and Sergey Brin of Google, Bill Gates and Paul Allen of Microsoft, Larry Ellison of Oracle ).

    Interestingly, politics doesn’t control.  You find the Koch brothers and George Soros near the top as well.  So industrialists and currency speculators all have a shot.

    There is nothing holding you back, except your own talents and imagination, and stifling government regulations, taxes and mandates which make it increasingly difficult to grow a business.

    Growing the pie is a concept the Democratic Party doesn’t understand.  Instead, it is focused on slicing the pie we have.  Which is why the Democratic Party and the Michael Moores of the world hold no promise for our future, they dwell on the past.

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    Further points:

    (1) Not all money is earned (or kept) as a result of contributing something of value to society. You can earn money by creating artificial scarcities, by exploiting people's ignorance (as long as people are ignorant you can sell your expertise to them), by polluting (particularly if the free market fundamentalists have limited oversight of big business), by bribing politicians, etc.

    Because it is not only possible, but likely that people can earn money by doing harm to others, the rule should be that if you care more about money than your country, we don't want you in America.

    (2) Understand that we live in an oligarchy. We have to put up with "supply side" NONSENSE, tax cuts for the wealthy, wars to enrich oil companies, neoclassical economists, bankers who destroy the financial system; blackmail the country; and then escape prosecution, etc. The left-right divide is almost nonsense in understanding this.

    I mean, I'm calling for a decentralization of the Federal Reserves money creation power from the banking cartel to the individual. Doesn't that make me closer to a libertarian? Get rid of your labels – as human beings we dehumanize/demonize outgroups, when in fact we probably have more in common than not.

    (3) So your concern seems to be that you want to keep your hard-earned money, and it shouldn't go to government bureaucrats, and therefore taxes should be lower for you. The problem is that people with more money than you can manipulate the government to (a) take your money, and (b) give it to them, because money is a vote. See: the financial bailouts, for example.

    My solution to this problem is that in the digital age, (1) the right to vote should vest roughly equally within every person, and (2) there is such a thing as having enough money. If you can't live on 2 million dollars per year while kids' brains are being damaged by poverty, we don't want you in this country.

    It doesn't matter how much money you have if you're an idiot. And that is the problem with drastic income inequality right there -> having money won't necessarily make you smart. But living in poverty eventually WILL make you stupid.
    Supposedly, all men are create equal (we’re all 99% genetically identical), yet only the wealthy have a say in American politics.
    We should live in a society where people understand that money is a vote. We need to understand that our oligarchs vote to keep the public stupid, they allocate resources to themselves, and they live with concentrated and unchecked power.

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