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So you think if a tree grows, and a man points to it and tells a man with a saw to cut it down, and he sells the timber, and gives 20% to the logger, it is the man who pointed to the tree who created the wealth.
Yep.
Cutting down the tree is the lowest component and least value added part of this bit of wealth. Managing the harvesting of the tree, knowing which tree to harvest, bringing the tree to a mill or to market, and owning the land or having the rights to cut the tree is where the real wealth is created. And that goes to the man that merely pointed at the tree to be cut.
More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.
If you think capitalism is greed and that wealth redistribution is morally sound, I have a bridge in Venezuela you might be interested in.
Egalitarianism is slavery wrapped in the seductive promise of a Utopian society that is always 15 to 20 years down the road.
You know, in Venezuela, the army is deserting, the population is eating the zoo animals, and life is generally miserable for all but friends of Chavez/Maduro. And some of those lucky socialists have moved to Florida and bought big, walled houses. Suffering is for others. The little people.
You have to have some good scratch to buy those kinds of properties. How do you think they got so rich in a country where capitalist enterprises are nationalized for the benefit of "all"?
The worst thing is the consumption levels are currently being sustained heavily though debt. Public private and personal debt is at an all time high in this country. Leverage works to increase gains but on the downside it is a killer.
We are in for hard times when debt markets collapse. People could be extremely violent when basic needs are being shut off.
The 1% who "grabbed" 82% of all wealth created are probably the same people who are paying 82% of all the money spent on the poor. You like to see what a country looks like without the one percent, look at Kenya. Happy there?
Cutting down the tree is the lowest component and least value added part of this bit of wealth. Managing the harvesting of the tree, knowing which tree to harvest, bringing the tree to a mill or to market, and owning the land or having the rights to cut the tree is where the real wealth is created. And that goes to the man that merely pointed at the tree to be cut.
If that were the case I'd be richer. I have several trees on my property.
Nope, it won't create wealth for me, rather it will create wealth for the man cutting them down, ad he wanted a small fortune from me to cut them down. Then HE gets to keep the wood and sell the wood for fire burning and wood chips for cash I'll never see.
I get nothing out of my trees, but they will sure costs me a lot if money if I want them gone.
If that were the case I'd be richer. I have several trees on my property.
Nope, it won't create wealth for me, rather it will create wealth for the man cutting them down, ad he wanted a small fortune from me to cut them down. Then HE gets to keep the wood and sell the wood for fire burning and wood chips for cash I'll never see.
I get nothing out of my trees, but they will sure costs me a lot if money if I want them gone.
Something is wrong with that system.
Bad example.
Your inability to generate income from your assets does nothing to render my example as "bad." It's unfortunate if you are unable to understand the point.
Wow, there are a lot of people on here that fellatiate the rich..... even though they'll never get close.
Its understandable. When I watch Game of Thrones, I like to imagine that I'd be one of the Lords.
I'm actually somewhat impressed that everyone else got 18%.
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