Message from @Techpriest
Discord ID: 572530020032184363
When money is In the banks part of it used for loans
Cuz I remember that these rich people put their money in Panamanian banks
And in Luxembourg
Which is used to give loans...
If we had nobody, specially rich people saving their money in the banks you wouldn't have many people getting loans
Loans are sometimes used to start businesses which are beneficial and creates an economic cycle
Nah not these loans
You don’t go to a bank in Luxembourg to start a small business in Ohio
Obviously
Goes to people that are trying to start businesses in Luxembourg
Plus a bunch of these rich people buy paintings and other stuff with inflated value so they don’t have to be taxed or put in banks
lol
And even if you put everything in the banks the wealth never gets dispersed
They guy just makes more money
The wealth never get disperged because companies get bailouts
One of the biggest reason why the rich will stay rich is because we bailout failing companies with tax deductions
Oh you lose $10k this year?
No problem write it as a tax deduction
And this idea was proposed under FDR
In order for the economy to recover supposedly
While bailing out companies so company can still keep people in the workplace
This isnt necessarily a bad thing
But you shouldn't be rewarding shit company policy
@Techpriest similar to handouts for homeless people. There’s people who need the help, and those who take it anyways. And it’s difficult to distinguish both effectively, it’s difficult to determine intent.
@Chemar millionaires don’t give a fuuuuuck about the poor. Very few do in my personal experience. They won’t give away their money. Would you? They amass more money than they can spend and keep grabbing more and more.
Yup
I believe you can find them screaming at each other in brexit
According to Carnegie
All rich people abide by the Gospel of Wealth
Dont give away your money to the government, they will inefficiently use it and mishandle it
Dont give your money to the poor they will spend it carelessly
Instead give your money to those who can help themselves
Rich people do give to the poor
But selectively ofc
Thats where most scholarships come from
Its also where library donations come from
Its also how universities are funded
If you were rich
Why would you give some bumbling drug addict $1000?
Would you rather give it to someone who is like you and making business connections