I have issue with those who suggest that a billionaire with 10,000 employees is some sort of saint. The mantra is that all those salaries he pays generate billions of dollars into the economy. I disagree.
Let's say a billionaire owns 20 hotels. Each hotel has 20 maid/service staff. He pays those people $7/hour. If he didn't own those hotels, is it safe to assume the facilities would not exist? Are we saying that people would stay home instead of seeking lodging for events, business trips, family vacations, etc.? Hogwash!!
Okay, just for the sake of trying to satisfy the fans of the rich and famous... let's say that instead of he/she owning 20 hotels, small businessmen owned 15 hotels... individually. Those small businessmen appreciated their staff and paid $10/hour. Cleaner rooms, better maintained facilities, etc. saw the occupancy of those 15 hotels equal or greater than the occupancy of 20 hotels with low paid staff and a remote owner. Now, instead of the billionaire owner sending his huge profits overseas... or showing a huge loss and not paying any taxes... that small businessman paid his local, state, and federal taxes.
Who wins? Employees, charities, infrastructure, military.... we've generated far more in tax revenue than Trumping... I mean dumping the profits into foreign banks. The locally owned facility is much more likely to purchase furniture made down the road, food and beverage from local vendors, and maintenance supplies from his next door neighbor.
Nope! The pundits the "trickle down" fans listen to on radio and Fox News are multi-millionaires or billionaires themselves. They are going to preach the gospel of how the Country would not survive without the wealthy. This Country thrived for many years with farmers as Presidents and with local banks being owned by local people. I fully believe we could survive another 200+ years without seeing money moved by the boatload to foreign banks instead of being taxed and spent up and down Main Street.
