Not really! Mr. Moore believes that wealth is a national resource that belongs to all of us. So if you invest your money to start a business, work 80 hours a week for years to make ends meet and eventually become successful enough to be profitable and expand your business, then the wealth you earn is everyone’s. If you don’t use it they way he agrees, I suppose if he had the power, he would confiscate it.
He made this revelation in light of the debt problem. According the Michael we don’t have a debt problem. If the rich would just free up their capital, problem solved! As Mary Katherine Hamm points out in her tongue in cheek video he is very wrong!
I am amazed at the lack of understanding of basic economics demonstrated by Mr. Moore. I hope that many people don’t share his views. Not only is he wrong, but downright scary.