"Now you are beginning to comprehend what I have been saying," Dr. Reaganomics laughs. "That is precisely it. Now with our new global economy if the rich lose they don't really lose. It is the majority of the people that lose because governments have to use their money to bail the wealthy out. That is why this new economy is so much better for the rich and thus so much better for everyone."
Well, I finally understood the esteemed economist's contention that the rich are benefiting today in ways that they never benefited before. A light bulb went off in my head. Now the wealthy don't have to worry about losses. The loss equation has been removed from their investments.
But I could tell Dr. Reaganomics was getting annoyed with the presence of such a simple person as myself. So I ventured to ask him one more question, "Doctor, I now understand how things are so much better for the rich, but what I don't understand is how it is that if the rich don't benefit so much then that is bad for the rest of us?"
"But Professor," I asked, "Do the rich really work?"
"You are missing the point of my point and I now have no more time to waste with such an unschooled and unlearned person such as yourself," he was clearly angry.
"All right, I appreciate your time Dr. Reaganomics," I said. "I really did learn a lot from this."
"Oh, and what did you learn?" the learned Professor wondered.
"Well, I learned the rich need not worry about failure since they are too rich too fail," I declared.
"Precisely, you have it!" Dr. Reaganomics gave a great big approving smile. "You are finally beginning to understand the new economy."
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