Speaking of ShipsFDR's New Deal was terrible and prolonged The Great Depression, he was far from a saviour, but that's neither here nor there. We're talking about the 1%, which is in fact capable of moving their assets rapidly when the circumstances call for it. The present administration is favourable to them, so there is no sudden exodus. Things are very different in Britain with BREXIT looming over future economic prospects or Venezuela which is in the middle of a financial crisis and is, slowly but surely, heading towards a possible coup d'etat:
https://www.nytimes.com/2018/06/02/opinion/sunday/millionaires-fleeing-migration.html
It's almost as if millionaires were migrating whenever their fortunes are at risk, funny how that works.
Now, back to labour. In case it's not painfully obvious how the rich contribute to the economy, they generate jobs by opening/maintaining businesses, they stimulate industry growth via investing capital and, ultimately, they make the decisions in their own companies. I know that as a left-winger you don't consider anything short of shoveling coal to be beneficial to the economy or to be a form of labour, but that's not how it works. In order for the average Joe to work an average job, there has to be an exceptional Steve who is willing to stake his own money in the process of creating an environment that enables Joe to work. The Steves of this world take the risks, the Joes can jump from company to company. Let's not forget that the gross majority of businesses in general fail within the first few years - we're talking about a figure in the whereabouts of 90%, depending on where you look. The businesses that do work long term are clearly doing something right, primarily thanks to their management which, ultimately, chooses the path the company takes on the market. Think of it as a ship - it takes many sailors to run it, but the captain decides where it goes and his decisions make it sink or swim.
EDIT: Just as a side note, why is wealth inequality bad? I've never heard a good argument on that subject. It seems to me that all this nonsense about some people having more money than others is motivated by envy more than anything else.
Rich people jokes
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Oh My God, Cortez is literal the lefts Donald TrumpThe do just wont to control you. crazy Bernie and Cortez are socialists that want the government to have more control over you. They want you to rely on the government for income and higher level schooling. I for the life of me, dont know why people think more government is better. doe anyone here want a 70% tax rate?