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Topic82 percent of all wealth generated in 2017 went to the 1 percent
SatanicHalibut
01/25/18 1:56:39 PM
#19:


Darkman124 posted...
SatanicHalibut posted...
FLUFFYGERM posted...
Why is it terrible that there are more new millionaires than ever before?

Because basic math says so, there's only a finite amount of currency in our economy and when most of it is hoarded in a few places there's very little left for everyone else


these people don't become millionaires due to hoarding currency

they become millionaires by owning shares of companies

and those companies then becoming more valuable to the global economy, as in people become willing to pay more for shares of their stock

the only real concern is when the principal driver of corporate value addition is increased output from workers without increasing compensation for workers

It doesn't matter HOW they became millionaires, they became millionaires sucking more money out of the regular economy and putting it in the economy exclusive to 1 percentages. That's terrible for working class people no matter what propaganda you spew
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