ken melvin writes about Black Holes

This is written by KenMelvin

Black Holes:

Just for the sake of discussion, let’s say that there were five hundred billionaires in the US yesterday, and that, on average, each was worth $10 billion, i.e., their total net worth was $5 trillion. Further, let’s assume that, being both smart and powerful; their average return on their net worth was ten per-cent for a combined total return of $500 billion. Now it seems evident that this very same half-trillion dollars is equal the income of some ten million American families of four, or, from another perspective, this same said half-trillion dollars could lift more than twenty million American families of four, representing some eighty-million American citizens, out of poverty. Alternatively, at two thousand dollars a year, the half trillion could provide health insurance for two-hundred-fifty million US children and adults.

Whence the half-trillion return? Ultimately, all of it comes from the production of goods or services. In a stable universe, the tradespersons or merchants, with merchants including retailers, owns or rents at a price that allows them to earn a decent living, and the employees (all except the rich are either employees, tradespersons or merchants) are paid a living wage. Now, today in this same said universe, what happens if these same said five hundred billionaires decide they need a greater return; what happens to the tradespersons, employees and merchants? Or, suppose that the number of billionaires doubles and so the expected return; what of the tradespersons, employees and merchants? Finally, what if one-half the US population decides to join the five hundred billionaires and live off return on investment; what happens to the tradespersons, employees and merchants?

This written by KenMelvin