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You're under the illusion that we have a perfect capitalist system, where any money invested always creates jobs.
No illusion and yes it's not perfect. Mostly because of government intervention.
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If I invest $1 trillion in oil futures, all this speculation will do is destroy jobs, by rendering large parts of our economy uneconomical.
You obviously don't understand speculation and futures. They provide a BENEFIT to markets and never destroy jobs.
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So this idea that "capital investment always creates jobs" is a fallacy. Capital investment is not intended to create jobs, it is intended to create a return for the investor.
No, not a fallacy. Read an economics book. Capital drives job creation.
That sounds like robots..... and you would have to take millions of kids away from their parents. The government cannot compensate for kids who were unfortunate to be born to poor parents, and should not penalize kids who are fortunate to be born to good parents.
So, you acknowledge that everyone DOESNT have the same opportunities.....thanks!
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Originally Posted by Roadking2003
A better system would be to ensure that all kids have an adequate environment in which to learn and grow and to teach them NOT to be jealous of other kids who may have been born into better circumstances.
Instead, we should teach them that as a child, they deserve to have been born destitude with a crack head for a mother, and we should send them to inadequate schools, with the bottom of the barrel teachers, poorly nourished, inadequatley cared for, and in a terrible and often violent enviroment, while we dangle some "golden carrot" over their head, that even they are smart enough to realize they have almost no shot in hell of ever getting.
Great solution.....seems to working out just fine here in the good ol' US of A.
In 8 years, 60 percent of households moved from the lowest income quintile to a higher income quintile. So, already 40% of broke households were still broke.
60% movement is pretty good in my book. And I don't recall a "broke" quintile from the study.
I have and it is not taxed. when the seller and buyer sells a house is where the fair tax comes in
Personal services such as health care, legal services, financial services, and auto repairs would be subject to the FairTax, as would renting apartments and other real property.[5]
1. Charity is selective
2. Charity is not remotely enough to cover needed aid
3. Charity is not the answer unless its in the form of productive assets.
1. Yes, you are correct and that's the beauty of it. People can direct their funds to the truly needy.
2. Yes it is if you eliminate the waste, fraud and theft that permeates government welfare programs.
3. Charity is the answer. We should eliminate ALL government welfare, subsidies and bailouts.
So if everyone in the 99% has a 10,000 sq ft house, six cars and plays golf 4 times per week they are not wealthy because they are not in the top 1%?
Yes, your statement is preposterous.
Wealth is absolute.
Since humans are social animals, relative income and relative wealth matter.
An American at the bottom of the income/wealth scale might be "rich" by world standards, but he doesn't get the girl because other American men are in a better relative position.
Since pretty much EVERYONE (except perhaps trust fund kids) starts out at the bottom, moving up the income distribution is a standard fact of life for most Americans as they age and acquire skills on and perhaps off the job.
There is nothing remarkable about this, there is a well known earnings curve which applies generally.
Yes, you are correct. Millions of us have started with nothing, worked hard, learned productive skills, lived within our means and moved up the economic ladder.
That is the American Dream and it's alive and well today.
No illusion and yes it's not perfect. Mostly because of government intervention.
You obviously don't understand speculation and futures. They provide a BENEFIT to markets and never destroy jobs.
No, not a fallacy. Read an economics book. Capital drives job creation.
Is job creation a good thing for unskilled workers who already have a job?
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