"I hate rich people!"

Really? I LOVE THEM

Rich people are the reason that flat screen tv's are available at rock bottom prices and the reason that the computer that i am typing this post up on is more powerful then the computer that sent the space shuttle to the moon!

How does this happen? Well, let me explain it.

(As i've said before, THESE ARE BROAD STROKES)

(And i must also say again that i am not an economic professor or a political genius. This is just my view from down here.)

When something like...say...the iPhone came out, they were not readily available to the masses. The original price for the iPhone was almost 600 dollars and i don't know a lot of people my age who have 600 dollars floating around. But there are people who do. Lots of them bought the phone and that in itself made the prices start to slowly decline. It's been years since it first came out so the price drop wasn't quick but it did happen. Why? Rich people who could afford the product in the first place made the prices drop by creating competition.

You would think that prices rise. But that is not the nature of business. Only business in danger begin to sell their products for more, though some do cater only to the super rich (Lamborghini, Rolls Royce, etc).

Another example: DVD players.

When they first came out, only the wealthy families had them. But many wealthy families began to buy them and companies sprang up to make the product. When they did, they had to compete with each other for business. Technology also improved with competition and manufacturing DVD players became cheaper and cheaper, allowing the companies to do what they had sought out to do in the very beginning: Sell a low price product that every American can afford.

My parents first DVD player cost upwards of 400 dollars. The one in my apartment was a housewarming gift that cost a whooping 30 bucks.

Yes, this kind of thing takes time. When companies compete for your money, they naturally drive costs down. It is every companies (except the stupid ones) goal to produce a product that they can sell to every American.

Rich people just get to go first.