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It came from a joke Will Rogers made about feeding a horse and the birds eating what comes out the other end.
What you describe is the opposite of what normally happens. When a business saves money because of less taxes, we the people see it right away. During good times the business will use that "extra money" to expand and increase product. During down times it's used to save jobs as the cost of retraining is high. Research and Development stays as that is usually the first department cut.
If you looked at the article you would know that the CEO of Walmart makes more than two hundred million a year. While you are right about good times, we must have been working in different countries because the American work force is still below the size it was in 1999.
Quote:
Originally Posted by Loveshiscountry
How about you quit listening to the economists that continue to get things wrong. Listen to the ones who get it right.
As an employee you are like a piece of furniture. You get paid to be used and your pay depends on how useful you are. I never expected or wanted to be rich, I just wanted to be comfortable and I am. I remember one year about a decade before I retired the CEO awarded himself a $60 million bonus, and kept our annual raise package down to 2-1/2%. That's the way it is.
Entirely depends on what you're talking about. If we're talking capitalism vs Communism on whatever level, then it's a pretty easy decision.
You can either:
a. Have a handful of ultra-rich, quite a few very rich people, a rather massive swath of fairly rich people, the vast majority of of people having moderate wealth, a pretty large chunk of people who are relatively poor and a small number of people who are very poor but who are subsidized by government programs anyways. Here in America, nobody is desperately poor or goes hungry unless they intentionally choose to.
b. Have a tiny handful of people living like kings. They will tell everyone what to do, how to think and micromanage ever aspect of people's lives. Disagree and they'll kill you. Everyone else - the vast vast majority - is desperately poor on a perfectly equal level, and everybody starves to death equally as well. None but the elites ever climbs to the level of wealth and prosperity of the very poorest in example a.
If you're asking how well wealth is trickling in my life? Fairly well actually. For reasons that naysayers can never quite explain, even the poorest among us have a standard of living that is vastly better than nations with economies that still haven't developed and matured. I'm doing better than average and I don't spend a lot of time obsessing about the fact that there are people much much much richer than me.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Quote:
Originally Posted by brownbagg
working pretty dam good for me, never made so much money before
Same here, though we would lol like more, we’re quite comfortable financially. Our CEO makes less than $400k, not that much more than the Executive staff.
Entirely depends on what you're talking about. If we're talking capitalism vs Communism on whatever level, then it's a pretty easy decision.
You can either:
a. Have a handful of ultra-rich, quite a few very rich people, a rather massive swath of fairly rich people, the vast majority of of people having moderate wealth, a pretty large chunk of people who are relatively poor and a small number of people who are very poor but who are subsidized by government programs anyways. Here in America, nobody is desperately poor or goes hungry unless they intentionally choose to.
b. Have a tiny handful of people living like kings. They will tell everyone what to do, how to think and micromanage ever aspect of people's lives. Disagree and they'll kill you. Everyone else - the vast vast majority - is desperately poor on a perfectly equal level, and everybody starves to death equally as well. None but the elites ever climbs to the level of wealth and prosperity of the very poorest in example a.
If you're asking how well wealth is trickling in my life? Fairly well actually. For reasons that naysayers can never quite explain, even the poorest among us have a standard of living that is vastly better than nations with economies that still haven't developed and matured. I'm doing better than average and I don't spend a lot of time obsessing about the fact that there are people much much much richer than me.
Many on the left would prefer most everyone live in abject poverty as long as they don't have to see a successful upper class every day.
They are the ones who would borrow a toy and brake it just to know someone else doesn't have a toy they can't get.
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