7 karma · joined April 23, 2015
Firstly, you mention some magical words like "good work", which mean nothing. Secondly, you wrongfully label a large group of people as wanting "something for nothing".
This holds, of course, if we agree that "paying off" means more than managing to survive, which is the only thing most people get for "working hard".
So you are essentially saying that the money that was hoarded by rich, now would not be spent at all, and in addition, this would raise prices across the market. This does not make any sense to me, since the assumptions that need to hold for that kind of result seem invalid: firstly, you need scarsity of goods in the existing situation for this to happen which is clearly not the case (especially when we talk about demands of the lower and middle class); secondly, demands would go higher yes, but only proportionally to existing division of classes of consumers -- thus, we would essentially have a situation in which all classes get promoted in their "buying power" except the very rich (and therefore, no big disruption to the market overall).