I was honestly surprised when I read this, because I didn't know you were a big fan of Chuck Schumer. Then I read EB's post and realized I was thinking of the wrong Chuck. Although, never-a-Blazer is true of both Chucks. Think how well we could tank with Chuck Schumer in the post. barfo
I just want 1 mega yacht and one private jet. Maybe the mega yacht could have a smaller yacht as well... And maybe a chopper... And a sub...
There have actually been studies. Up to a certain point wealth can increase happiness. When people have enough for basic needs, are able to treat themselves and others, have a reserve on case of emergency, they feel happier. But extreme wealth becomes like Monopoly money, meaningless. At a certain point they have been so rich for so long they have done and bought everything. Nothing is new. Read a news story about two years ago. Bill Gates reserved an entire upscale Spanish restaurant for two nights. Chef carefully prepared super meals. Gates walked in with a bunch of people, hangers on of some sort, clearly not friends, drank a diet Coke and left while all the other people ate the food. Chef figured it was just nothing special to him. That nothing was. Yeah, super rich could still build personal relationships unconnected to wealth but rarely seem to.
He's right. But it's not only Republicans. And Democrats need to get real about that. Corporations and the wealthy fund Democrats as well. Dems NEED to change so they can finally run on behalf of the poor and middle class. You can't hammer away at this and then let corporate lobbyists dictate your policy.
Just not a smart economic model for society. It's not balanced. Simply limit that growth over $10 million by taxing the rest at 90% like in the 50s. And make stock buybacks illegal again. Watch all of the wealth flow back into long term success of companies along with the increased value of employees (along with increased salary and benefits).
