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Obamacare lives on. A trucker who owns his logging truck is required to pay $1,000 a month for family medical insurance and that gets him a $5,000 deductible. The insurance company pays nothing until the logger has paid $17,000 out of pocket. And the OP is worried about the creation of wealth?
That said. The "Oxfam study" was worldwide. A self employed person in America owns a $100,000 logging truck. A self employed worker in Haiti gathers sticks to be made into charcoal. He trades his sticks for a bowl of rice to live another day.
I have organized my business as a C corp since 1980. I own the business. Shares issued as a legal matter, are personally held by me. Not traded as with publicly held stock. Publicly held stock is essentially investment/savings.
So, ownership of the shares IS ownership of the business. Exactly what I’ve been saying.
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.
If it was his tree, yes. Of course, if it wasn't his tree he has no right to have it cut down.
Let's explore this a bit.
If I own property that has trees on it and I hire someone to cut down the trees, who has the right to sell the timber? Do I get to sell my own property, or do I cede the right to that property simply by hiring someone to do manual labor?
As long as I'm doing fine, I couldn't care what Bezos is doing.
Bingo. Bezos pretty much said, I’m going to make a service where you can have anything you want shipped to you extremely fast. Hats off to him but everyone else is no Bezos.
I’m doing pretty good for a non-Bezos so it’s not my job to worry about him.
Trickle down economics, without any government intervention, does work. Stop trying to punish people for creating wealth and jobs.
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.
Yes. We're all being pushed into a form of slavery. I read an article in Time mag. (and other studies) about how the abuse of the wealthy over the last 50 years created the environment that allows autocrats and dictators (thieve) to come into power. They manipulated the less "knowledgeable" shall we say with hatred and false information of idiotic promises. Made the forgotten ones feel empowered and this allowed the dictators, kleptocracies, and autocrats (liars to gain and illegally put themselves above the law and abuse power for their own gain) and further create a distance between the top 1% and the rest of us. Quiet upper-escheleon schools quietly allowed the elite in (unqualified but had the money) and they moved into control (hence the greed of the market crashes of subprime loans, etc.) creating a depression and causing people who worked their lives for a company (Enron comes to mind) to lose pension and their lives while those who caused it to stay out of jail free.
Lies, illegal activity (mob and foreign-controlled - against our ostensibly now useless Constitution) and the rich took over. The poorer people here will all feel the impact by 2025, including those who were conned. By then there won't be anything they can do about it and if they think they've been left behind now, it will get exponentially worse for them. We have gained any buying power. Unemployment stats change by the Bureau of Labor Statistics do change the calculations so they look better than reality. My father was an economist who said they couldn't account for those on unemployment and dropped off and those working multiple jobs. I showed him how those calculations could actually be made more realistic (I had to do it throughout my career, they should've been able to do it in theirs).
My father was an economist who said they couldn't account for those on unemployment and dropped off and those working multiple jobs. .
Sure they can, it's just not in their best interest to state the real number of unemployed.
Basically we have a Plutocracy: Government by the rich for the rich. And it's the Republicans who only care about the rich who is dividing and fooling the poor ignorant Republicans with fear and lies.
If they simply ran it from the Treasury perhaps people would understand it better. However that might be a bad thing.
Quote:
Most gold standard nutters are ignorant of the fact that the price of gold is regulated when used as a standard.
The price of gold would drop like a rock to somewhere between $360/ounce to $365/ounce. I would be ROTFLMAO as people lose their shirts.
On the one hand I agree with you. Why do Libertarians want the government to control a commodity. If they are so worried about the $USD losing its buying power, then buy gold. Is gold gold backed?
However if the US went on a gold standard, that essentially means anyone who owns gold gets a chunk of the US economy. I think India could claim Texas. ....Might not go down.
But the home boys? Well the last time all that gold was confiscated first. Hard way to get rich with confiscations.
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