I forgot to answer your 2nd question.What about the conservative...

  1. 672 Posts.
    I forgot to answer your 2nd question.

    What about the conservative American investor who has his $500,000 retirement savings in a bank deposit account??

    Doesn't he suddenly witness the buying power of his savings evaporate?

    It that palatable?


    Your hypothesis starts with the US in a severe 1930s style recession. Under these cirumstances there will be more unemployed citizens than wealthy investors. The voting power of "guys with $500,000 in the bank" will not be as influential as the out of work daddys with 3 mouths to feed. In this country there is no safety net. You work or you starve, and if you are angry you vote.
 
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