Quote:
Originally Posted by JPhillips
It's not that simple. Where does Jordan get his money? It doesn't just show up out of the blue. He needs people to buy tickets, apparel, things he's advertising, etc. for him to get his money.(I completely understand this is rather simplistic!) That takes a broad base of people with enough money to purchase goods and services. If wealth is concentrated in too few hands things will break down. There needs to be a wealthy class and more importantly upward mobility, but there also needs to be a broad base of folks with enough money to keep money flowing. It's all about balance.
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Let me put it this way: When was the last time a middle-class or poor person offered you a job? The rich, either directly or indirectly (through investing, financing, ownership, spending, ect.) create jobs, products, and finally income/salaries.