Ted Rall for June 21, 2001
It was probably inevitable. Because rich people have so much extra money, they spend a lot. Their spending creates jobs. So let's create jobs by giving them even more extra money! Increasing disparity of income led to concentration of wealth in the hands of a few. The rich get richer, but we don't. Not forever. That elite group dwindled until it numbered just one. There! I've done it! I personally possess all of the world's wealth! Since the monopolization of wealth ended the spending that powered speculative investing, the stock market imploded. Just like that, all the world's wealth became worthless and the world's wealthiest man was reduced to pauperdom. "Zero"?!? And so the capitalist bromide came to pass: the rising tide raised every single boat.