LA County New Plan to "End Homelessness" a tax on millionaires (Stanford: low income, 2015)

[SUPbud]

4 star thread. would read again.

[3shipguy]

This thread delivers!

[SportyandMisty]

Originally Posted by Ms.MoneyPenny

No doubt about that. Poor people are always greedy for other people's money.

In theory, it should give people some incentive to improve their lot in life via acquisition of more human capital, focus on making better economic decisions, focus on making better financial decisions, etc.

I'm sure that happens.

Unfortunately, there are far too many disincentives to doing so.

[disgruntled la native]

Originally Posted by SportyandMisty

Not according to the, you know, facts.



Pure hyperbole. Patently untrue.



How very gracious of you. Being so magnanimous, perhaps someone will nominate you for the Nobel Peace Prize.



Patently untrue. People who generate value to society receive income in proportion to the value they provide. Let's take the small business person who is, say, a plumber. She builds a business from scratch ultimately employing a 20 people including office staff, specializing in replacing failed water heaters. She advertises. People who need a water heater replaced call her (and competitors) and make a choice to pay her $X to replace that water heater. Her employees are licensed plumbers and are both skilled and experienced. She has 10 plumbing trucks, stocked with inventory & parts, well maintained and that pass all smog tests and safety inspections. On any given day, she replaces 24 water heaters for customers so those customers can take a hot shower that night. 24 families without hot water. Many of those are renters who are happy because their landlord called a reputable company to replace the water heater promptly instead of hiring Jose off the street and going to Home Depot and spending 2 days to figure it all out.

That is called providing value to society.

In return, those customers pay her money & she pays her plumbers fairly.

She has over $1 million of capital deployed (trucks, parts, inventory, office equipment, etc). Her gross revenue is, say, $7 million per year.

Contrary to your assertion, no poor person has suffered at her hands. Contrary to your assertion, people are not "sacrificing" to make her money. When a tenant calls her landlord at 3AM saying the water heater broke and water is spewing everywhere, that landlord knows which plumber to call who will actually pick up the telephone at 3:05 AM and dispatch an emergency plumber (who is paid handsomely for such off-hours work) to solve the problem.

Again, this is called PROVIDING VALUE TO SOCIETY and that value is compensated.



I understand you never took economics in college. Perhaps you might enjoy learning the basics. For free, you can learn quite a bit online at Khan Academy. https://www.khanacademy.org/economic...microeconomics

In the interim, the "hardness" of work has nothing to do with compensation. Compensation is about voluntarily providing value to society in return for customers voluntarily paying for that value.



I'm going to go out on a limb and guess you Feel the Bern.

The facts are that most people inherit their wealth. No class mobility.

Cute story about the small business woman who does such a great service. That's a rare story. 99% of it is shady businessman/investor screwing poor people with crap like predatory loans, overpriced housing, exporting slave labor to 3rd world countries to get fatter profits, etc. The new robber barons.

Actually your story wouldn't even be accurate anymore, that small company would be eaten up by some large multi national corporation.

[V8 Vega]

The person making the predatory loan isn't at fault. no one is making anyone take that loan.

[disgruntled la native]

Originally Posted by CaliRestoration

Well he's already threatened that the "masses will riot, and kill the rich" if they don't "pay their fair share". So yeah, he's a Bernie Bolshevik.

I agree with Bernie on economics. Hillary is corrupt and huge part of the economic inequality we face (so is Ted Cruz). I'm a social conservative and economic liberal. That's how most people in LA though are actually. They just get blinded by identity politics and flock to the Democrats.

[Ms.MoneyPenny]

Originally Posted by disgruntled la native

The facts are that most people inherit their wealth. No class mobility.

Cute story about the small business woman who does such a great service. That's a rare story. 99% of it is shady businessman/investor screwing poor people with crap like predatory loans, overpriced housing, exporting slave labor to 3rd world countries to get fatter profits, etc. The new robber barons.

Actually your story wouldn't even be accurate anymore, that small company would be eaten up by some large multi national corporation.

Originally Posted by disgruntled la native

I agree with Bernie on economics. Hillary is corrupt and huge part of the economic inequality we face (so is Ted Cruz). I'm a social conservative and economic liberal. That's how most people in LA though are actually. They just get blinded by identity politics and flock to the Democrats.

Where do you come up with ideas like this? Do you just repeat stuff you hear in your personal echo chamber of poor uneducated saps? Because it's not factually correct...

[disgruntled la native]

It is factually correct.

We're in some scary times when we have these nuts who call themselves "fact checkers" (usually a left leaning, pro status quo source like the Washington Post) and therefore assert their argument is right because they have the "facts."


Who is going to fact check the "Fact checkers?

[Ms.MoneyPenny]

Originally Posted by disgruntled la native

It is factually correct.

We're in some scary times when we have these nuts who call themselves "fact checkers" (usually a left leaning, pro status quo source like the Washington Post) and therefore assert their argument is right because they have the "facts."


Who is going to fact check the "Fact checkers?

So instead I should just trust what delusional guy on an anonymous online message board says instead.

[LuvSouthOC]

Originally Posted by disgruntled la native

I agree with Bernie on economics. Hillary is corrupt and huge part of the economic inequality we face (so is Ted Cruz). I'm a social conservative and economic liberal. That's how most people in LA though are actually. They just get blinded by identity politics and flock to the Democrats.

Social conservative and economic "liberal" huh? Soviet Russia was and is a brilliant example of those sorts of policies in action.