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Originally Posted by Baraka_Guru
I have had a hand in creating wealth too, ace. Most of us have. It's not a foreign concept. However, what tends to be the case is that the lower and middle classes have little recourse when a large proportion of this wealth flows up the chain into the minority upper class.
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If you have created wealth then you had to have created wealth for others. Why not say that?
If the issue has more to do with how much the most wealthy has compared to the most poor, to me that is a different issue than wealth creators benefiting others through their efforts of creating wealth.
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Call it trickle-up economics, if you will. It works.
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It does not. Poor people do not form the basis for anyone getting rich. There is no doubt that poor people can be exploited for their labor and they can be cheated or defrauded of wealth they do not know they have - but that as a given the question is how do we address exploration, fraud, unethical business practices not to condemn free market principles. I would argue that many of the problems are systemic as I have pointed out in many examples over the years I have been posting here. Many policies designed to help the poor actually harm them or make it harder for them to improve their lives.
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As for whether free-market concepts are incorrect, I suppose we'll never know, but that's probably a good thing.
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I think I know.