Re: Prof. Prabhu's suggestion....

[Charu datt <charu@brahms.mmc.lucent.com>]

vamsi@siliconcorp.com wrote:

>     I would argue that concentration of wealth is actually good for a
> country!!  Don't we realize that the rich would invest their wealth
back
> into the economy to build skyskarpers, moving services,
infrastructure,
> new products and services, etc. which would create Jobs and elevate
the
> strength of the economy.  An equal distribution of wealth would not
> allow such "exhuberance".  No one will be willing to take the risks
> because they are all saving for a bad day.  Once again, equal
> distribution of wealth is irrelevent because what we want to encourage

> is risk-taking and innovation because they create Jobs and stregthen
an
> economy by improving the goods and services offered.

The above argument has been offered before, termed "trickle down"
economics.
It has been largely discredited as being  "voodoo economics".



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