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Old 09-25-2013, 02:11 PM   #29
Fedaykin
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Quote:
Originally Posted by BBII View Post
How is the wealth gap 'the important point'

Does it matter to you how much more stuff people you don't know have.? Is life not fair?

The real problem is lack of industry and middle class opportunity. And that doesn't come via federal regulation. Although it can be ended by it.
The wealth gap matters because economic power fuels political power. As wealth continues to accumulate in the hands of a tiny minority, our democracy is more and more undermined.

Perhaps more importantly wealth inequality leads, in the long term, to economic instability (i.e. what we're seeing now) -- especially in a consumption driven economy. As I oft repeat: doesn't matter now much money the "job creators" have if there is no one that can afford to give patronage to the businesses those "job creators" might create. So no businesses are created or expanded, and no new jobs are created.

Captial doesn't create jobs. Demand creates jobs. Neither is sufficient on its own.
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