Re:Tax the Super Rich now or face a revolution
by kls on Saturday April 02, 2011 @10:49AM
(#2399991)
If this was true, you would have seen all of them migrating en-mass to some Caribbean or European micro-state.
And that raises a good point, I live very close to the Caribbean and own property in the Caribbean (well the Keys, but I boat to many of the others islands a good deal), these nations should serve as an example of a super rich based economy. There are only two classes on most of these islands, the supper rich and those who provide service based, low wage labor to the super rich class or vacationers. These nations serve to exemplify what happens in an economy where wealth is consolidated unchecked.
Being rich or powerful doesn't mean wisdom
Never have truer words been spoken, there is a lot of luck in wealth as well, but once you become wealthy it takes a lot less luck to maintain and grow it.
And that raises a good point, I live very close to the Caribbean and own property in the Caribbean (well the Keys, but I boat to many of the others islands a good deal), these nations should serve as an example of a super rich based economy. There are only two classes on most of these islands, the supper rich and those who provide service based, low wage labor to the super rich class or vacationers. These nations serve to exemplify what happens in an economy where wealth is consolidated unchecked.
Being rich or powerful doesn't mean wisdom
Never have truer words been spoken, there is a lot of luck in wealth as well, but once you become wealthy it takes a lot less luck to maintain and grow it.