Post
Topic
Board Economics
Re: How billionaires are really affecting the economy.
by
Becassine
on 27/06/2023, 01:51:49 UTC
It's not about criticizing the rich out of jealousy.

It's very good if a guy starts his business and succeeds, it's even very good. It is normal that he is rewarded for his efforts. Here we are talking about the super rich, people who can buy anything at any time.

Everyone knows that capital makes more money than work. What happened to make the rich get richer? It's simple with low interest rates, they borrowed and bought including (but not only) real estate for example.

Rentals will bring them even more and drive up prices. And this has been going on for years, today young people can no longer buy and find it difficult to rent, even though it is still a vital need! Is it normal to pay off your house for 30 years? Is it normal to enter the workforce after graduation with huge debts?

Now the rates are going up, but the ultra-rich don't care, on the contrary, now it is their investments that will bring them in. And by having also bought the media, by lobbying etc... they can also make you believe that they create jobs and are benefactors of humanity when in fact by their monopoly situation they only promise minimum wage. The less rich in debt for housing have no choice but to go to work at a lower cost for a minimum wage. And when we take a look at the Panama Papers and other papers, we know that in addition the super rich manage to put their money in tax havens.

Of course, this situation cannot last any longer, the ultra-rich dominate the world for cheap labour. Capital should be taxed more when it goes beyond understanding. People must be able to find accommodation, eat normally and have leisure with the fruit of their salary. It's a minimum.


Listen to this man, he's right, it's not possible anymore : https://www.youtube.com/watch?v=NzpQYLZByQo