Newswise — “Wealth inequality is OK when the wealthy invest money in growing, small- to medium-sized enterprises that tend to create new jobs.
“What actually happens is that wealthier people tend to invest their money in ‘safe,’ mature companies such as Sears that are not significantly growing; or in fashion stocks such as Google that don’t produce many jobs; or the the money gets invested in consumer debt or government debt, neither of which creates jobs.
“The whole job-creation problem is compounded by the fact that small business owners can easily borrow on their credit cards but cannot get loans for their growing businesses.”--Louis Hyman, expert in economic history and professor in Cornell University’s School of Industrial and Labor Relations
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