RMM wrote:
There are about 200,000,000 (200 million) working age adults in the US. Let's suppose that they all decided to be hard-working, lift-yourself-by-the-bootstraps Ayn Randian Republicans, and each struggled to earn $1,000,000 per year. Nothing greedy, just a mere million dollars a year.
That would result in gross income of $200,000,000,000,000 which comes out to $200 trillion dollars per year.
Small problem: Our gross national product is a mere $15 trillion per year.
So... where's the money coming from? How can all those hardworking, well-deserved people earn their million dollars?
And who's going to become a teacher, a policeman, a fireman, a waiter, a trash collector, an agricultural worker, a truck driver, a retail sales clerk, an electrician, a plumber, or any of a vast number of other occupations if they can't earn their million dollars a year that way, no matter how hard they work?
Inquiring minds want to know.
There are about 200,000,000 (200 million) working ... (
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That makes as much sense as some guy in 1800 saying "There are about 1,000,000 (1 million) free, white, working age males in the US. Let's suppose that they all decided to be hard-working, lift-yourself-by-the-bootstraps Ayn Randian Republicans, and each struggled to earn $5,000 per year.
That would result in a gross income of $5,000,000,000 which comes out to $5 billion dollars per year.
Small problem: Our gross national product is a mere $500 million per year.
So... where's the money coming from? How can all those hardworking, well-deserved people earn their 5,000 dollars?
Inquiring minds want to know.