Quote:
Originally Posted by jms62
And meanwhile everyone is missing the real problem which is the gutting of the middle class. The middle class that buys a hell of a lot more cars, houses,ovens, etc. then the top and bottom combined. Who is going to buy your products Mr. CEO when your customer or their customer has no job. Those on these boards that think their job is immune are whistling by the graveyard.
|
This. The amount of labor required to build a $100,000 car versus a $20,000 is minimal, compared to the amount of labor required to build 5 $20,000 cars versus one $100,000 car. The middle class will consume more than the wealthy, because there are more middle class. That's more money continuing to flow through the economy, instead of being socked away.
Call the ultra wealthy what they really are: hoarders.