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re: Princeton study: U.S. is an oligarchy
Posted on 4/16/14 at 12:34 pm to WildTchoupitoulas
Posted on 4/16/14 at 12:34 pm to WildTchoupitoulas
quote:The programs are clearly labeled.
What does "transfer payment" even mean?
quote:I though you didn't believe in trickle down economics.
When this money is transferred from the rich to the government and then to the poor, does it suddenly evaporate and leave the economy?
quote:Nope. Most of it ends up being spend on consumer goods. Which have a poor effect on generating wealth.
Is it ending up in the mattresses of the poor?
quote:I have no doubt in some circumstances they do.
Can you elaborate on why you think those who control the government aren't controlling it in their own interests?
No one goes to DC and becomes less wealthy.
But... to get that wealth they need to stay in office. The way to stay in office has become... give more stuff away. That's done to satisfy voters, not "rich" people.
I don't know how you can look at our budget, and the distribution of taxes and say that government is serving "the rich" disproportionately.
At this point almost 30% of our economy get's directly redistributed. Seemingly "the rich" would want to keep their money.
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