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Reply #6: What about this. [View All]

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Mountainman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-19-08 12:10 PM
Response to Reply #5
6. What about this.
Edited on Wed Mar-19-08 12:14 PM by Mountainman
The war in Iraq is costing us billions. That money comes from taxes. Taxes come from individuals. The money is spent on munitions. Corporations build and sell munitions. Corporations are owned by investors. So money (wealth) is taken from individuals via taxes given to investors via war. Wealth is being taken from savers and given to investors, not from savers to debtors.

The same thing in financial markets. Loans made to borrowers by corporations. Corporations are owned by investors. Borrowers pay interest on the loans. Interest rates are raised. Wealth is transfered from debtors to savers (borrowers to investors) not from savers to debtors.


It is so easy to take the middle class and call then the perps and the investing class as the victims. In reality it is the other way around. The share of wealth going to the top 1% has grown from 8% in the 80's to 16% in 2004. That is fact.
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