Wealth doesn't trickle down – it just floods offshore, research reveals (2012)

Re:Wealth doesn't trickle down – it just floods offshore, re... by mingodad on Sunday April 10, 2016 @08:10AM (#11465839)

I used to believe on something like you describe but now I have a different view, I tried to find some videos that explain it, there is several but to start with look at this one http://www.neweconomics.org/publications/entry/where-does-mo... .

Money is an illusion that can/is be created from nothing and one problem is for whom is it created in the first place ?

Governments do not need taxes to finance themselves they do/can create money from thin air.

Also: http://www.businessinsider.com/where-does-money-come-from-20...

Cheers !

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Re:Wealth doesn't trickle down – it just floods offshore, re... by brbsix on Sunday April 10, 2016 @09:37AM (#11466032)

Fiat money can be created out of thin air. Value cannot. Printing money and introducing it into circulation just imposes a hidden tax on other people. It doesn't address the issue posed by the OP.

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Re:Wealth doesn't trickle down – it just floods offshore, re... by mingodad on Sunday April 10, 2016 @10:24AM (#11466216)

Exactly and that's why we are paying this huge hidden tax for the top 1% to accumulate it.

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