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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.
Why do ignorant people think wealth is finite? You can make as much as you want/can. It is made not recirculated. Just because someone is wealthy that doesn't mean there isn't enough money left for you to become wealthy. Who teaches people these things? Oh that's right, Marxists.
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.
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.
LMAO....there is a huge gulf from someone making 120k a year to someone having yachts, mansions etc. so you should work on shaking off that delusion and start over.
What we have here is a great "reefer conversation" that should have stopped there duuuuuuude.
The concept of a "Living Wage" is invalid. You tailor your life to what you can afford, and make decisions based on that with things like when to start a family, buy a house, etc. In order to EARN those things you obtain the skills, and education, and/or experience to be able to earn a higher wage, or salary. That's the way it works. The market pays people more, the more then can contribute to an entity. For government to artificially set wages, and prices is very destructive to the health of the economy.
CEO's make what companies will pay to attract that caliber of person. Nobody is forcing companies to pay CEO's large amounts.
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:
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.
"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."
lmao...Of course the rewards for the individual are greater if they increase THEIR slice of the pie. It's nobody's responsibility to increase the size of the actual pie but the individual who wants to get wealthy. They increase the size of the pie by creating another slice and the pie grows. wealth is NOT finite. When you get wealthy that doesn't mean someone has to get poorer. If that was the case, is Apple and Amazon creating poor people by the million or billions each year? You could make the argument that they are because people are foolishly buying all this "stuff" but that also doesn't stop those same buyers from going out and making more money to afford that "stuff".
Status:
"“If a thing loves, it is infinite.”"
(set 2 days ago)
Location: Great Britain
27,178 posts, read 13,461,836 times
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Quote:
Originally Posted by shiftymh
They stop working after they get 120k and that extra money doesn’t exist.
Which would be exatly what would happen, as who would go on working for no reason.
Some countries have higher taxes, but no country just takes all money off an individual when they reach a certain level, as it would make further work pointless.
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