Why don't people understand that the Rich OWN THE WEALTH??? (legal, attorneys)

[pnwmdk]

Originally Posted by greywar

You know how to create wealth? Start with a bunch of it. I recommend reading "capital in the 21st century". It will educate you on how real wealth is actually created. And why the vast majority are getting a smaller and smaller portion of it.

Nonsense.

Wealth is not hard to create.

Thanks to our tax structure, it's impossible to keep.

That's what's wrong.

[pnwmdk]

Originally Posted by jojajn

My only problem is that many of these made their wealth on the backs of labor not paid a fair wage.

You're so right. Those people should never have started enterprises, never have hired anyone.

That would SO profit those people who were then never employed.

[Ivorytickler]

Originally Posted by jojajn

My only problem is that many of these made their wealth on the backs of labor not paid a fair wage.

What is a fair wage is determined by the market. If they didn't pay market wages, they wouldn't have workers.

Of course they can do what farmers do and hire illegals for less than what Americans will work for to undercut wages.

[StillwaterTownie]

Most of us can't think of becoming millionaires by inventing plastic boards to place under the cushions of our old sofas and advertising them on TV.

[Clark Park]

Two words: crony capitalism.

[Memphis1979]

Originally Posted by pnwmdk

The idea was, in itself, delusional.

Again, what a well thought out response.

Care to enlighten us with your knowledge?

[pnwmdk]

Originally Posted by Memphis1979

I think it depends on what type of wealth we are talking about.

I'm not a fan of trust fund babies, but if someone owns a business and passes that down to their children, I agree that part shouldn't be taxed.

Why should it be confiscated, just because you worked and saved it?

Why should your farm be stolen by the state, just because you want to give to to your son to continue farming?

[pnwmdk]

Originally Posted by Memphis1979

Again, what a well thought out response.

Care to enlighten us with your knowledge?

You merely have to read it to understand how utterly silly it is.

As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth -- not of existing wealth, but of wealth as it is currently produced -- to provide men with buying power equal to the amount of goods and services offered by the nation's economic machinery.

"As mass production has to be accompanied by mass consumption" is utterly delusional. It presumes that "mass production" is simply something that occurs, and "mass consumption" is something that must be then programmed to occur... Is right out of "world class stupid".

Mass production occurs because demand exists AND the wealth to trade for that production already exists.

Mass production does not just "happen", except in planned economies, and the presumption in his statement is that production is just planned, and that consumption must be planned for it, as well, is reflective of the delusion that planned economies are viable, workable, or desirable.

His statement reveals belief so contradictory to reality, that can ONLY be described as "delusional".

[pnwmdk]

Originally Posted by Ivorytickler

What is a fair wage is determined by the market. If they didn't pay market wages, they wouldn't have workers.

Of course they can do what farmers do and hire illegals for less than what Americans will work for to undercut wages.

What you're not taking into account, is that liberals believe America is too wealthy. That is why they are attempting to flood the labor market, to reduce wages to second-world levels, so we won't be so rich, and then they won't feel so guilty.

[Driller1]

Originally Posted by pnwmdk

Nonsense.

Wealth is not hard to create.

Thanks to our tax structure, it's impossible to keep.

That's what's wrong.

You need a great CPA.

I have no problem keeping the money I make.