This from someone who has proven to be a complete economic illiterate...and knows nothing about debate beyond the ad hominem. Projection much? I thought your post about punishing savers was a troll job, but I guess some are that ignorant. Sad.
Are you seriously implying that hoarding cash is beneficial to GDP and inflation growth? What the fuck am I reading? I'm not debating. I'm stating facts.
Yet another retard that lost a bet. I'm loving the amount of stupidity on this forum. I feel so much better about myself.
As the U.S. has gone to more taxes and more regulation the wealth in the world has gotten very concentrated. Remember private central banks are not taxed. So income taxes and inheritance taxes are designed to remove the wealth from those not tied to the printing press. Most of the left seems to have been conditioned to think by the private central bankers. Don't you all realize that large inheritance taxes are part of a tax framework that allows those who have control of the printing press to concentrate the wealth in the hands of the finance/crony buddies. Two generations ago the doctors lawyers and business owners were also buying the homes in places like Greenwich, La Jolla, and Rancho Santa Fe. Now it is finance guys and guys who used leverage to create their money... ie doctors who set up MRI centers or things like that. The wealth has become concentrated in the hands of friends of the private bankers and the competing wealth has been taxed out of the families who had made their money in business.
As the U.S. has gone to more taxes and more regulation the wealth in the world has gotten very concentrated. Remember private central banks are not taxed. So income taxes and inheritance taxes are designed to remove the wealth from those not tied to the printing press. Most of the left seems to have been conditioned to think by the private central bankers. Don't you all realize that large inheritance taxes are part of a tax framework that allows those who have control of the printing press to concentrate the wealth in the hands of the finance/crony buddies. Two generations ago the doctors lawyers and business owners were also buying the homes in places like Greenwich, La Jolla, and Rancho Santa Fe. Now it is finance guys and guys who used leverage to create their money... ie doctors who set up MRI centers or things like that. The wealth has become concentrated in the hands of friends of the private bankers and the competing wealth has been taxed out of the families who had made their money in business. (oil may be making a comeback as a wealth generator.... which explains while oil men and bankers seem to have a healthy distrust of one another throughout history.)
You're suggesting there's some conspiracy to control wealth in the banking sector. The truth is it's much easier to get wealthy buying and selling assets on leverage than it is by being a doctor, lawyer, or business owner. It's not a conspiracy. People are adapting.