Comment Re:And this too shall pass away. (Score 1) 639
Hoarding the money in tax havens and other such things essentially makes it useless to the economy.
Right. Because an investor putting money in a haven keeps it in cash.
What actually happens is that money is put into investment baskets which goes to buying debt in enterprise. That enterprise probably employs you.
Or that enterprise buys capital or employs some workers in a third world country. What we have is a tragedy of the commons. Corporations, in order to maximize profits, are outsourcing and cutting wages. To an individual corporation, this makes sense; however, when many corporations do it, they destroy the consumer base that create and buy their products. If every corporation slashed salaries of all their employees, their short term profits might rise, but in the long term who has the money to buy their products. Henry Ford had the right idea, but I doubt a publicly traded company could pull that off.