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In reply to the discussion: Pic Of The Moment: What 30 Years Of "Trickle Down" Policies Have Produced [View all]Jessy169
(602 posts)If any significant amount of the wealth held by these 85 fat-cats was redistributed to the "little people", one thing we can be sure of, and that is that consumption of energy and natural resources would go UP.
A guy who has umpteen trillion $$$ in digital money sitting in some offshore bank account could probably care less about whether he adds another few billion or trillion to that amount. His account is just a place to stash all of the QA billion$ that the Fed is regularly printing. It isn't like he can spend any significant portion of it. It just sits there.
But if the hungry masses get their hands on that money, they WILL spend it -- on cars, houses, gadgets, vacations -- everything. And in a world where population is exploding exponentially and resources are declining as fast (or faster) than population is growing, do we really WANT to raise the consumption level of the teeming masses?
This is an "inconvenient truth" for DU'ers -- but one that needs to be faced head-on anyway.
Or, are there other points of view?