Simple logic eludes Republicans ...

[unnamed525.livejournal.com]

Comments

[hardblue.livejournal.com]

The top 20% can consume enough for all of us.

[foolsguinea.livejournal.com]

Not effectively enough to also get returns on their investments. They will eat less, they will use less fuel, and they will consume fewer real services in general. The economy will shrink.

Now, a certain kind of radical conservationist would like this lowered resource consumption. But there's still a cranky excess population, that will demand food anyway, and the wealthy will find that their savings really can't appreciate value in a shrinking economy.

So misery all around is possible.

[hardblue.livejournal.com]

Since the lower orders will still naturally be supplying the labor, they
will get some money (50 cents an hour or so) and be able to consume
enough food to live on. Maybe it is true that the economy will not grow
as readily, but maybe it is reaching the point where it no longer needs
to: the rich will be fixed on top and everything is peachy.

[mckavian.livejournal.com]

You would think that this is basic math, not just economics.