[jasonabelli]

I completely agree with this. I have been saying it for years and it gets people very angry. This is definitely a view that a minority of people that I talk to believe. Even most working class people think that the super rich drive the economy it just isn't true anymore. I think it may have been when the country was in it's early stages and mining our resources and developing infrastructure was a larger portion of our economy. I believe now that our economy is driven by the masses of consumers. Give the poor a billion dollars and a billion dollars gets put back into the economy that year. Give the rich a billion dollars and and a billion dollars goes into a mutual fund. The later has far less of an economic impact.

[wballard]

Guys, rich people don't keep a Scroogey-McDuck pile, large concentrations of funds make venture possible, as it lowers the marginal risk. Try having our current startup fueled cycle without concentrated wealth.

Can we really drive the human experience and technology higher by diluting our funds in an effort to normalize and support, as taxation would do creating obs the average can fill -- or should we concentrate and invest in those with the most potential?

[bithive123]

We can do both; rhetoric in this country has gotten to the point where simply letting tax cuts for the wealthy expire is spun as "class warfare".