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The new reality: rich don't create wealth, they extract it.
by Madai

It's quite a simple concept, and the real estate boom and bust is perfect proof. Dollars are being sucked out of the middle class up into the rich.

Whether it is through tricky sucker mortgages, a constant bombardment of advertising, or lawyers suing companies that provides consumer goods, the rich have found ways to bilk the poor.

Additionally, you may have noticed that low taxes and economic uncertainties are leading a lot of highly educated professionals to stay employed just a few years longer, thus, depriving young people fresh out of college jobs.

We do need to encourage well-to-do old farts, like college profs making 100k+ year, to retire and make way for the unemployed, highly indebted young people that fueled their outrageous salaries.

If we slow down the wealth extraction machine of the rich, the wealth creation engine of the middle class can finally get enough fuel to roar back to life.

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