General Discussion
In reply to the discussion: 8 men have as much wealth as 3.6 Billion people...but a single mom on Food stamps is the problem [View all]Shoonra
(602 posts)Money given to the poor goes immediately into circulation - at the local grocery, the local department store, the local Salvation Army store, etc. The poor don't sock that money away in offshore banks or fritter it away on the French Riviera. And their local stores are surely grateful for whatever money their customers can spend, and small businesses grow and can hire more people that way. Do you really begrudge a single mother spending a dollar on the lottery - yet you don't object to overindulged billionaires spending half-a-million for a ten minute ride in a rocket ship.
The billionaires, on the other hand, have contrived things so they pay almost nothing in taxes. They don't make a meaningful contribution to that single mother or her children, to a disabled vet, or a homeless highschool graduate. Their money is hidden in foreign banks and they spend their money on foreign vacations and frills from Paris or Rome. Make them pay something meaningful to the country that enabled their prosperity and everyone will be lifted.