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.
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