kieran, I don’t get the part about the rich getting that way by hoarding. My understanding is that they get that way by reinvesting otherwise idle capital to (hopefully) make more to invest. A lack of leadership could make it look like hoarding, which would also be dumb because it makes the hoarded money even more taxable.
The scenario you described above sure looks like it’s straight out of Obama’s playbook,imo, designed to socialize America.
