A question for Economists

There was an article in the new York Times today saying that Credit card company may collapse, which will cause people to spend less. Unfortunately If people spend less, there will be a collapse in the economy, so that is not the solution. I think that the solution is to enable people to spend more without going into debt. The way to enact that solution is to cut salaries on the top, and increase salaries on the bottom.

Reagan once claimed that the Economy needed more rich people, because they were the only ones who could invest capital in businesses. He may have been right back then. Now, however, there is too much capital and not enough spending money. Consequently, there are not enough people to buy products from the companies the Rich people are investing in. Credit delayed this problem as the salaries of ordinary American dropped, and the trickle down became an upward flood. But now that credit has collapsed, the only way to get the economy going is to put real permanent money back into the hands of the middle class.

That's my hunch, at any rate. Is there any data or economic theory to back it up? It seems intuitively obvious that there has to be a balance between capital and spending money for the economy to function. If one person has all the money in the world, the economy collapses. If no one has more than a dollar in his pocket, there is no capital, and no business get started. How do you calculate the optimal midpoint, where there is the best balance between capital and spending money. If there is a method to make this calculation, I'll bet that it shows the balance is way off, and we need to get more spending money and less capital. In other words, the rich need to get poorer, and the poor need to get richer. The Rich were quick to bite the bullet about the need for them to get Richer, back when the economic system needed more capital. An easy bullet for them to bite, and a tough one for the rest of us. But eventually a large number of people in America accepted that they needed to cut taxes on the Rich to help everyone. Will the Rich be willing to accept the new economic reality that requires them to share the wealth to get the economy going again?