to wuf: faultlines and the rich, obama's failings

[Penneywize]

The most fundamental thing to understand about economics is that it's all about recycling wealth.

Wat? wrong

The reason this is an important illustration is that you can now do the same with rich peoples money. You will then see that because rich people save more money than non-rich people, any money that goes to them has an aggregate slowing effect on the economy. Our economy is so bad simply because rich people have so much of the money borne of the economy, that it has slowed the recycling to the current pace.

no

This is one of two main reasons why high taxes on the rich is the only way to run a successful economy.

No!!

When one person is rich, it's because other people are poor. Nobody has ever been able to deny this reality of economics

ok?

bla bla bla some other stuff

inb4 you say everything you just wrote came directly from paul krugman