Tuesday, June 2, 2015

Are The Wealthy Really The Cause Of Lower-Class Suffering?



There have been rumors pertaining to whether wealthy people are the root cause of economic decline within the lower-class, and this article is meant to shed light on the topic.

In today's populist, socialistic environment, people are refraining from becoming "too" successful financially, for fear of somehow taking part in the willful theft of income that is somehow meant for the lower-class. In the minds of some, there seems to be a direct relationship between some people gaining wealth, while others don't. There is simply no correlation.

I have personally read articles that try to justify high taxation of the wealthy, simply because they make more than the average John Doe. I have read articles claiming that raising minimum wage to groundbreaking heights will help everyone, including the employers. The deeper I dig, the worse it gets. Some people are of the opinion that evil corporations are keeping the cost of goods high, while keeping the cost of labor at an extreme and unjust minimal. Are these theories based on sound knowledge of economics and reason? Absolutely not. If you notice, the only people who support these theories are either poor, or have something to gain. Go figure.

Rich people are not the lower-class's enemy, but society is. Because in a free market, the only affect wealthy people have on the economy is a positive one. The earnings of the rich usually go right back into the economy. Whether dealing with companies, corporations, or individuals, you can almost always see a correlation between them and job creation, and/or accumulation of wealth elsewhere. Again, go figure.

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