i agree with most of your post but...
regarding your statement about the 6 cars. how else would he spend the money to benefit the economy? he buys 6 cars. the car company has to pay wages to X number of employees to manufacture cars + plus wages of sales force and the engineers who created the cars. if he didn't buy the cars there wouldn't be as large a demand for the product and there would be less manufacturing jobs resulting in higher unemployment and more citizens without money.
Very few "1%" just sit on cash. they invest it in businesses which then grow and hire more people paying out more wages. Not to mention that many 1% understand that they have more money than they need and do support charities and even create there own. eg, under the same sun, Vancouvers vivian house, YWAM's home for hope is supported by those i would classify as the 1%.
Biggest misconception from the 99% is that greed is totally bad. Greed is an incentive for people to work harder and make more money (would you work hard if you knew the GOV would take a significant portion of it? Same goes for 99% they aren't working because they dont feel they make enough money). greed is also our biggest enemy because most people demand low prices and high wages.
using the CEO's example most people want ipods (lol at 99% filming interview with ipad). and we want them cheap. however due to unions and labour laws, labour costs in the USA are expensive (unionized labour). so we can either pay out big wages and sell expensive products, or move manufacturing somewhere cheaper and provide the ipods at a price everyone wants, at the expense of those looking for jobs.
Theres also the case with online businesses. Online businesses are not confined to geographic locations which means that they will move there HQ's to places with lower tax rates such a Malta removing potential tax revenue from USA or Canada (wherever your from). not only that but the wages will also be paid offshore because the cost of paying larger wages is offset by a lower tax rate.
so from my perspective a potential solution (i understand its easier said then done) is to reduce spending on military and other nonessential services (in canada i would say remove therapeutical massages ,among other things, from medicare) and lower profit taxes to make our country more globally competitive. Thus generating a greater foreign revenue and creating more local jobs.
Im not saying either side is 100% correct. there are some things that need to change. But there are plenty of things that the 99%'rs are arguing against that are helpful to them.
this is no way a comprehensive argument for the 1%'rs but i do think it breaks down a few of their arguments.
For the record i am in favour of welfare programs and help programs for the genuinely needy but i do have an issue with people slamming the 1% and then asking for handouts, seeing how thats where the money comes from.
regarding your statement about the 6 cars. how else would he spend the money to benefit the economy? he buys 6 cars. the car company has to pay wages to X number of employees to manufacture cars + plus wages of sales force and the engineers who created the cars. if he didn't buy the cars there wouldn't be as large a demand for the product and there would be less manufacturing jobs resulting in higher unemployment and more citizens without money.
Very few "1%" just sit on cash. they invest it in businesses which then grow and hire more people paying out more wages. Not to mention that many 1% understand that they have more money than they need and do support charities and even create there own. eg, under the same sun, Vancouvers vivian house, YWAM's home for hope is supported by those i would classify as the 1%.
Biggest misconception from the 99% is that greed is totally bad. Greed is an incentive for people to work harder and make more money (would you work hard if you knew the GOV would take a significant portion of it? Same goes for 99% they aren't working because they dont feel they make enough money). greed is also our biggest enemy because most people demand low prices and high wages.
using the CEO's example most people want ipods (lol at 99% filming interview with ipad). and we want them cheap. however due to unions and labour laws, labour costs in the USA are expensive (unionized labour). so we can either pay out big wages and sell expensive products, or move manufacturing somewhere cheaper and provide the ipods at a price everyone wants, at the expense of those looking for jobs.
Theres also the case with online businesses. Online businesses are not confined to geographic locations which means that they will move there HQ's to places with lower tax rates such a Malta removing potential tax revenue from USA or Canada (wherever your from). not only that but the wages will also be paid offshore because the cost of paying larger wages is offset by a lower tax rate.
so from my perspective a potential solution (i understand its easier said then done) is to reduce spending on military and other nonessential services (in canada i would say remove therapeutical massages ,among other things, from medicare) and lower profit taxes to make our country more globally competitive. Thus generating a greater foreign revenue and creating more local jobs.
Im not saying either side is 100% correct. there are some things that need to change. But there are plenty of things that the 99%'rs are arguing against that are helpful to them.
this is no way a comprehensive argument for the 1%'rs but i do think it breaks down a few of their arguments.
For the record i am in favour of welfare programs and help programs for the genuinely needy but i do have an issue with people slamming the 1% and then asking for handouts, seeing how thats where the money comes from.
