Do you not acknowledge that investments make jobs. When you put money in the market, you are providing capital for business to grow with. Are banks out of control certainly, are they too large a % of our economy, for sure. But don’t use that to demonize other productive rich people. Not all investors are shysters. And many productive business owners use their surplus, and plow it into the market or other asset classes. What else would you have them do with it?
Do you know any 1%ers? I only know one couple. They built a machine shop from one machine in their garage to a 2 acre shop over 20 years. They employ a lot of people, and they made their money in business providing work for a community that has no work. They didn’t steal a dime from their employees, they provided jobs to a small foothills community which has an appalling employment rate. And I resent your posture when applied so broadly.
For all their warts, did bill gates or steve jobs make their millions/billions off the backs of their workers? Or did they provide employment for thousands?
In America someone will lend you a million dollars and your only collateral being an idea. Where did that million come from? The thieving unproductive bastardly rich 1%, who risks their money on the next Linkedin or Rackspace.
We cannot go on doing what we always did, and we need the people’s accumulated wealth to get us there. Your simple minded manual labor economy is dead, long buried, I am not even sure if it ever lived.