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Wealthy people hogging all the wealth is a HUGE problem, so what if say there was a limit, where they earned say 120K which is MORE than enough to live pretty comfortably, no one really needs anymore than that, and every cent they earned afterwards was taken and invested in schools, education, healthcare etc.? No one on the planet needs huge fancy Yachts, dozens of sports cars, huge mansions etc. etc. all the money greedy wealthy people waste on such garbage would be far better spent on helping poor people, helping sick people and the like.
What if all the wealthy people took all their money and left? How would you fund all your “free” stuff for deadbeats??
How people spend their money is none of your business. Poor people are not their problem.
"Wealthy people hogging all the wealth is a HUGE problem"
Wealth is not finite
It must seem that way to those who don’t have a job, don’t t want a job and belong to the whine & gimme-gimme crowd. They are actually taught this stuff ... the road to a Socialist failed society.
Wealthy people hogging all the wealth is a HUGE problem, so what if say there was a limit, where they earned say 120K which is MORE than enough to live pretty comfortably, no one really needs anymore than that, and every cent they earned afterwards was taken and invested in schools, education, healthcare etc.? No one on the planet needs huge fancy Yachts, dozens of sports cars, huge mansions etc. etc. all the money greedy wealthy people waste on such garbage would be far better spent on helping poor people, helping sick people and the like.
No one needs more than $120k? You need to go for a walk outside of your shell.
"Wealthy people hogging all the wealth is a HUGE problem"
Wealth is not finite
Economic rent-seeking distorts the idea that "wealth is not finite". When the rewards for increasing one's 'slice of the pie' are greater than those for increasing the size of the pie:
Quote:
But there is a broader economic consequence: the fight to acquire rents is at best a zero-sum activity. Rent seeking makes nothing grow. Efforts are directed toward getting a larger share of the pie rather than increasing the size of the pie. But it’s worse than that: rent seeking distorts resource allocations and makes the economy weaker. It is a centripetal force: the rewards of rent seeking become so outsize that more and more energy is directed toward it, at the expense of everything else. Countries rich in natural resources are infamous for rent-seeking activities. It’s far easier to get rich in these places by getting access to resources at favorable terms than by producing goods or services that benefit people and increase productivity. That’s why these economies have done so badly, in spite of their seeming wealth.
THE 1 PERCENT’S PROBLEM
Why won’t America’s 1 percent—such as the six Walmart heirs, whose wealth equals that of the entire bottom 30 percent—be a bit more . . . selfish? As the widening financial divide cripples the U.S. economy, even those at the top will pay a steep price.
Warren Buffett put the matter correctly when he said, “There’s been class warfare going on for the last 20 years and my class has won.”
"So, no: there’s little debate over the basic fact of widening inequality. The debate is over its meaning. From the right, you sometimes hear the argument made that inequality is basically a good thing: as the rich increasingly benefit, so does everyone else. This argument is false: while the rich have been growing richer, most Americans (and not just those at the bottom) have been unable to maintain their standard of living, let alone to keep pace. A typical full-time male worker receives the same income today he did a third of a century ago."
That would be no different than saying:
" What if one was so smart we removed part of his brain to dum him down so he would be like the rest of the dummies? "
We live in a Eat or be Eaten world.
Conquer or be conquered................
Follow or be followed.
Work to eat or languish and die...................
I think the smart and wealthy all get the message.
Hope it sinks in to the rest of the herd.
"One of the more pretentious political self-descriptions is “Libertarian.” People think it puts them above the fray. It sounds fashionable, & to the uninitiated, faintly dangerous. Actually, it’s just one more bull**** political philosophy."
"One of the more pretentious political self-descriptions is “Libertarian.” People think it puts them above the fray. It sounds fashionable, & to the uninitiated, faintly dangerous. Actually, it’s just one more bull**** political philosophy."
~ George Carlin
Interesting. I've been tracking the responses from self-identified libertarians, and I'm finding them the most arrogant on the forum, and the most anti-Semitic.
Interesting. I've been tracking the responses from self-identified libertarians, and I'm finding them the most arrogant on the forum, and the most anti-Semitic.
Good luck dragging them back to reality-based concepts:
Quote:
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings & Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world.
"The other, of course, involves orcs."
Last edited by ChiGeekGuest; 04-26-2019 at 06:01 AM..
Workforce participation is higher in Scandinavia than in America. They have much higher taxes.
That's because they put their middle class in their top income tax bracket, so they feel the pain of high taxes just as much as the rich. We should do that here in the US. Every household earning a middle class income and above should be in the top federal income tax bracket.
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