Why Occupy Wall Street Should Force the Rich to Spend All Their Money
Aside from wishing for the rich to pay their fair share in taxes, Occupy Wall Street doesn’t have a clear cut goal for revitalizing the broken economic system which has displaced millions from work.
The following is a solution that the Occupy movement should adopt which would no doubt solve America’s economic woes as well as the monetary woes afflicting any nation on Earth which would adopt the measure in which I’m about to present.
I believe that a new act should be forced through government which would force rich people to spend every penny they’ve got in their bank accounts. Allow me to explain why such would revitalize the global economy.
Recently Mitt Romney stated that he’d like for everyone to be rich. Unfortunately what Mr. Romney doesn’t seem to realize is that its virtually impossible for every person in America to be wealthy.
The truth is that there’s only supposed to be so much money in supply- and, the less of something there is, the more value that ‘something’ has. If every person in America had one million dollars planted into their bank accounts, such would only devalue currency thus making it utterly worthless.
The truth is that you were meant to be poor and that two classes were always meant to exist- wealthy folks and the slaves they employ to do their bidding.
If the proposed act above were put into place as law, rich people wouldn’t even need to be taxed- a move that they would probably really appreciate. Rich people shun taxes due simply to a short-sighted lack of understanding that through taxation, they’re actually getting something in return- good roads for them to drive their fancy vehicles on, running water, etc.
This short-sightedness and lack of understanding of what one is receiving in return for his tax dollars is nevertheless a moot point if the rich were forced to spend all of the money that they would normally hoard in a private bank account.
The reason America’s economy has reached a “stand-still” is due to the fact that there isn’t any production in this country which would invariably equate to jobs and hence employment and good wages for the masses.
Outsourcing of jobs is another contributing factor to our economic mess which is why the proposed act above would include a secondary measure which would require the rich to purchase only American made goods. Once Wal-Mart and the mega corporations learn that their wealthiest of customers are now being lawfully forced to buy only American, industry would- as if by magic- return to America’s shores virtually overnight.
Think about it for a second. So long as all the money in circulation is sitting in someone’s bank account, that means there is one less dollar available for you and me and hence less employment opportunities since companies simply don’t have the money to pay out more wages than what they already are.
If the wealth sitting idly in rich people’s bank accounts were forced back into the economy via spending on only American made goods and services, it would increase demand for labor and hence solve the issue of unemployment.
Rich people should actually favor such a proposed idea since the alternative is taxation. With taxation, the rich feel that they’re losing out. With my suggested plan, the rich would be getting much in return- as would the unemployed masses who are currently rioting due to the practice of poorly thought out economic plans.
Every country should put such an idea to the test. Class warfare isn’t such a great idea as it usually degenerates to unneeded violence. Peace and “middle ground” solutions such as what’s offered above ought to be our collective pursuit.
Of course readers of this website are familiar with what I see as the ‘end goal’ to following through with these proposed ‘middle ground’ solutions- and that is a world devoid of money outright.
For a better understanding of my philosophies- including my economic ones- please visit the ‘Perspective’ page of this website.