Re: This is How We Take Action

Home Forums DISCUSS General Discussion and Questions This is How We Take Action Re: This is How We Take Action

  • Thu, Jul 02, 2009 - 08:25pm

    #81
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1611

    count placeholder

    Re: This is How We Take Action

[quote=SamLinder] Those who are already filthy rich will care not a wit if you and I (and 1/2 the country) quit buying stuff for a week or a month or a year.

Besides which, the only people it would hurt are those who are already hurting. The more businesses that lose revenue, the more people will be laid off, the less money will be spent in the economy, the more businesses lose money, etc., etc., etc.

[/quote]

Just curious, how do you define "filthy rich"? Is that different from merely "rich"? And how do you think they got rich? Most likely by owning a business that sells goods and services to consumers, and hires employees. If more businesses lose revenue, the "rich" will lose money too. And lay off employees, as you point out, when revenue can no longer justify the cost of employees. 

I’m a bit sensitive to bashing "rich" people, largely because of my work. People mistakenly assume I’m rich because of what I do. To get there, I’ve incurred a great deal of student loan debt, and I’m behind on the recommended retirement savings largely due to losing earning years to additional school/training. 

The current economic situation has affected almost everyone, rich and poor. Granted, the rich probably have more of a cushion, but they are cutting back on spending as well. 

I’m not advocating that everyone spend all they make. In fact, Americans should be saving more of their money. We can only imagine how different things might be if everyone had a year’s worth of expenses saved up!

It’s the rich, who are so politically correct to hate, that are the innovators, the job creators, the major source of tax revenue, and major contributors to charity, who drive the economy. They have worked hard to get where they are. I am planning on joining them some day!