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Message Subject 26 Billionaires Own The Same Wealth As The Poorest 3.8 Billion People
Poster Handle Midwest Skeptic
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We need wealth redistribution
 Quoting: Reilly_


At the end of WW2 Japan had NO INDUSTRY left.

It's cities were in total ruins due to the fire bombing campaign against virtually all the urban areas in Japan.

Today, and for the last 40 years, Japan has had one of the highest living standards of ANY people on the planet.

Why?
They had an Educated Population.
They had a Hard Working Population.
They allowed their businesses, and the businessmen who started and owned them, to MAKE PROFITS, and REINVEST THOSE PROFITS into their businesses.

Over time those profits started to naturally fall out to the workers as higher wages, more benefits, and better working conditions.

IF Japan had taken it's entire WEALTH in 1945 and distributed it out to the population, but NOT allow it's business people to make profits, it would never have developed it's dynamic economy. Japan would be like Venezuela is becoming.

NO PROFITS?, or if you do have a small amount it is "Redistributed" to those who aren't making "Profits", why would anyone wish to invest their money in anything risky?

"Profit" is a dirty word to Socialists ... but it is what provides the Capital to expand a company, to invent new products, to compete in new lines of business.

NO PROFITS ALLOWED ... why would anybody risk their money doing anything?
 
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