I don’t know what to say really, “wealth redistribution” is and always was a myth, there never has been any “wealth redistribution” just the redistribution of money, currency etc.tunnelcat wrote:What do you think of this observation, Spidey and slick. Janet Yellen made a statement during her last hearing that I think is a more accurate statement than the Dems present wealth redistribution mantra they've been pushing lately. I think she said it a lot more pithy and accurately, that the money circulating in our system is currently being moved from labor to capital. So what happens to the system when too much money is put into capital, which is under the control of the few wealthy, while far less is in labor's hands for them to spend on goods and services? Doesn't that make it top heavy and unsustainable?
I can’t address the conversion of money into capital, because I don’t really see a problem, the company right across the street just made over 150,000 in “capital” improvements to their property that put a lot of cash into people’s hands.
Maybe she was referring to a different form of capital.
But in the end, I doubt there will ever be any currency shortages in the present system.