Can you define ‘one way or another’ specifically?To answer your question, if the 1% just magically disappeared tomorrow, their wealth would one way or another work it's way into the hands of non-1%ers (that's all that's left) so the
With their 30% part of the wealth?Ultimately whatever money they took out would have to come from a 99%er who was buying up their shares.
Eventually, maybe so but would the 99% patiently wait for the pain to subside?The 99%er would be getting it at a very low price because of the huge selling panic. So, effectively, by liquidating all their assets they would just be transferring ownership of all the companies to 99%ers are a very low rate. The values of those companies would eventually return to a reasonable P/E ratio, and the 99%ers would become rich. So, again, massive win for the 99%ers.
Last edited by jamesrage; 01-18-12 at 11:11 AM.
"A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"
Cicero Marcus Tullius
Last edited by iguanaman; 01-18-12 at 11:06 AM.
Thank you, Quazi!