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Old 28-04-2017, 06:35 PM #1
Northern Monkey Northern Monkey is offline
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Northern Monkey Northern Monkey is offline
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Join Date: Jul 2013
Posts: 13,269

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CBB21: Ann Widdecombe
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Default Is the only way to solve poverty to increase inequality?

This is a very interesting theory on how society works.
Free markets,capitalism etc.
How only a tiny percentage of the population create most of the wealth.
For instance if a company employs say ten thousand people then only 100 of those people will create half the profit/productivity/wealth etc.
This is a general rule throughout society as a whole.
Also the "yoyo" effect of money.
Give the rich money and they will create a wealthy society but give the poor money and where does is go?

Back up to the rich.It always ends up back in their hands.
Rich business entrepreneurs will use money to create more money.
The poor will get new nails,hair extensions and huge telly's and the rich get the money back.
This is longish but interesting


What are TIBB's thoughts?
Do you think this guy is wrong and why?
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