For the most part, the financial elite make their money without - TopicsExpress



          

For the most part, the financial elite make their money without doing anything productive. The money they make represents a claim on resources. In order for those resources to be available, there must be a mechanism to prevent the non-financial sector from claiming their fair share of output. The way this is done is by price inflation and comparatively high taxes on labor, which reduces the purchasing power and quantity of the dollars held by those working for a living.
Posted on: Sat, 17 Aug 2013 02:44:02 +0000

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