To add to this is the reason why the economic recovery is going so bad as this form of recovery is not being used.
The ethos now is to cut tax for the super rich in the hope that they will create job growth which they are not.
I will go out on a limb and say that the problems we are now seeing in the world are being compounded directly or indirectly by peak oil.
Just a thought and it seems to be adding up that way.
Being "rich" is a part of the problem, its a form of hoarding.
The more thats hoarded at the top, the less there is below for everyone else.
And of course they want to keep building that hoard, so more and more is siphoned from below.