Study: Billionaires Could End Extreme Poverty 7 Times Over

[Utinil]

And that's why you tax the rich, because that yacht ain't doing nobody any good.

Yeah, because the construction of that yacht doesn't employ hundreds or even thousands of people when you consider obtaining the raw materials to build it, the actual construction, the staff to maintain and run it, etc. Luxuries are not created by throwing cash into a black hole and the item pops out. You could argue that things like buying antique art doesn't help anybody, but most luxuries do help people.

[Deleted]

In the US for some reason, we associate wealth with virtue.

LOL. it is the fracking opposite you moran.