How most billionaires damage the economy

 https://www.youtube.com/watch?v=2_Mx1koLOGc

Unfortunately, too many people believe the myth that billionaires help the economy.  This short clip (7.5 minutes) from Wired magazine explains why a "wealth tax" is necessary.  [As I stated in the previous post, the first permanent Income Tax in the USA was such a tax.  It applied to only 2% of the population.  Not long after that, legislators were lobbied over & over by the Rich, and we wound up with the current set-up.]

There's nothing wrong with being rich if one acts responsibly and helps society by paying their fair share.  To get where they are, billionaires stood on the shoulders of society via education, infrastructure, networks, communication, civility in our habitat & relations, etc.  In addition, perhaps they had a bit of luck:  maybe born on third base, maybe smarter than the average person, or taken under the wing of someone with wealth/influence/power.  In any case, there's no such thing as a "self-made" billionaire.  That's another myth.  

Any super-rich person should be willing & happy to help out society by means of a wealth tax.  Humans are a social species, and that includes those in the Upper Crust. 

Watch the clip at the link above; see if it makes sense to you.

From Inequality.org---

67%.  Now, someone please tell me how anyone still believes our elected politicians in DC represent the Will of the People.  It doesn't appear they do in this instance.

.........................

Not only my opinion.  Be Well

The MYTH of the Big Differences Between Democrats and Republicans

99.9% of the professional political hacks either in office or running for office as a Repub or Dem subscribe to (or support)...or at least, do not oppose:

Corporatocracy-promoted Globalism;

no-term-limits, which virtually guarantees corruption;

the bogus "War on Terror";

the bogus "War on Drugs";

the concept of American dominance;

the devastating practice of deficit-spending;

an ever-growing Fed Govt;

a two-party monopoly in politics;

the very idea of political parties (which are completely unnecessary);

soft money in political campaigns;

our destructive fiat money system;

the misapplied Individual Income Tax (all of which goes to pay the interest on the nat'l debt);

the concept that Govt knows best what is good for the individual;

the military-industrial complex;

the concept of Legislative Absolutism (a term coined by Justice Harlan in 1901), which allows the abrogation of the Constitution;

the idea that it's just too complicated to end the war in Iraq now;

the idea that individuals must be forced to pay for items that the majority thinks are necessary, even when there is no Constitutional authority to permit the central govt to delve into those areas;

the welfare state;

the unconstitutional Federal Reserve System; and,

the Patriot Act (which virtually has trashed much of the Bill of Rights).

So, where are the big differences?