The wealthiest 1% close to becoming richer than the entire upper middle class (economic, examples)
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So I take my money, borrow money from a bank and borrow money from investors and I buy land and build a 40-story high-rise for $20 Million that has condos, apartments, retail and office space.
Then, 30 years later, you and people like you claim my land and building is worth $120 Million and then you have the unmitigated gall to yell at me, because you claim my land is worth $120 Million and it's unfair that I have so much wealth and it's not fair to people who have nothing.
Then you have the unmitigated gall to demand that I give what I envisioned and created to other people who had no hand in envisioning or creating what I envisioned and created so you can sleep better at night.
That's neither a good way to run a business nor a good way for an economy to operate.
Quote:
Originally Posted by Winterfall8324
Land ownership, capital distribution, etc. are all possible.
No, it isn't.
The financially challenged have no use for wealth and no desire to build wealth, but they do, thanks to people just like you, demand that other people surrender what they envisioned and created to make you feel better about yourself.
If you gave the financially challenged Wealth, it'd be gone in less than 90 days.
The financially challenged have no desire to build wealth; no desire to maintain wealth; it's too much work, time and effort for them; and they'd squander it all drinking beer and smoking dope and getting tattoos and gambling and watching porno and other stupid useless stuff the financially challenged do.
Giving the financially challenged wealth does not improve their lives, it only makes their lives worse.
The lobby by the Koch brothers to defeat regulation of oil & gas is not some fantasy, nor is the pharmaceutical lobby. Lobbyists can't buy off politicians did you really say that, you have no idea how much dark money impacts your life.
Somewhere around 98% of incumbents are reelected, so I guess everyone is happy with high drug prices.
Once again, since you didn’t bother to read.
ALL the politicians are democratically elected by the people. If the politicians are doing such a crappy job, why haven’t many been fired by the voters?
Either our election process is a complete fraud or our people believe their politicians are doing a great job!
The third alternative which nobody likes to face is that may be we have crappy people.
Capitalism is pretty efficient starting out with a level playing field and lot competitors. Competition forces efficiency and research and development to improve product to make it better, cheaper, and more desirable than your competitors. As number competitors dwindle and wealth is concentrated, then remaining players use that excess wealth to buy political power and use that boughten political power to set bar super high for any new competitor. Thus protecting their wealth. No need to make better product and sell at less cost, there is no competition.
End game of capitalism with super concentrated wealth in hands of a few, is very inefficient economic system.
According to the article this can be chalked up to multimillionaires and billionaires putting their funds into the stock market rapidly appreciating its value, then qualifying for investments in private equity funds which grow based on interest in debt/loans.
That means the more money they have, the more opportunity they have to invest in collective funds like PEF.
Its all a feedback loop as more investment in the stock market increases the overall value.
Since this is great for tax revenue, both republicans and democrats consider this progress.
Are you Ok with this? I'm guessing most of you are because of the wide spread belief that the rich 'earn' their money.
Lets put it to a Poll and find out.
I am okay with it because those the same people pay the most taxes by far.
According to the Department of the Treasury the top 50% of taxpayers by income pay virtually al individual income taxes. In all years since 1990 taxpayers in this group have paid over 94% of individual income taxes.
The bottom 50% paid 3.6% of federal income taxes according to the Department of the Treasury.
Capitalism is pretty efficient starting out with a level playing field and lot competitors. Competition forces efficiency and research and development to improve product to make it better, cheaper, and more desirable than your competitors. As number competitors dwindle and wealth is concentrated, then remaining players use that excess wealth to buy political power and use that boughten political power to set bar super high for any new competitor. Thus protecting their wealth. No need to make better product and sell at less cost, there is no competition.
End game of capitalism with super concentrated wealth in hands of a few, is very inefficient economic system.
Again, not the reality.
Wealth is created and is infinite.
70% of rich loses their wealth by the third generation and 90% by the fourth.
In contrast, 80% of the rich people are first generation and self made.
In a capitalist system, people have tremendous upward and downward mobility. In a socialist system, it’s only downward to hell.
So I take my money, borrow money from a bank and borrow money from investors and I buy land and build a 40-story high-rise for $20 Million that has condos, apartments, retail and office space.
Then, 30 years later, you and people like you claim my land and building is worth $120 Million and then you have the unmitigated gall to yell at me, because you claim my land is worth $120 Million and it's unfair that I have so much wealth and it's not fair to people who have nothing.
Then you have the unmitigated gall to demand that I give what I envisioned and created to other people who had no hand in envisioning or creating what I envisioned and created so you can sleep better at night.
That's neither a good way to run a business nor a good way for an economy to operate.
No, it isn't.
The financially challenged have no use for wealth and no desire to build wealth, but they do, thanks to people just like you, demand that other people surrender what they envisioned and created to make you feel better about yourself.
If you gave the financially challenged Wealth, it'd be gone in less than 90 days.
The financially challenged have no desire to build wealth; no desire to maintain wealth; it's too much work, time and effort for them; and they'd squander it all drinking beer and smoking dope and getting tattoos and gambling and watching porno and other stupid useless stuff the financially challenged do.
Giving the financially challenged wealth does not improve their lives, it only makes their lives worse.
Not all wealth can so easily we liquidated and squandered away.
If you give them domestic authority over a share of a factory, or usage of a shared peace of land, they can't financialize it and sell it to for some monetary gain; they do have the opportunity to use the capital for production, but that requires work. Otherwise it will be useless to them.
And rich 'visionaries' who gain their money from appreciated capital make everyone else suffer due to inflated pricing and security investments that make debt/interest a more profitable business at the expense of the lesser folk.
Prices on housing go up, average folk loan more money, and the loan market is piled with investment. Its a cycle that benefits no one.
I am okay with it because those the same people pay the most taxes by far.
According to the Department of the Treasury the top 50% of taxpayers by income pay virtually al individual income taxes. In all years since 1990 taxpayers in this group have paid over 94% of individual income taxes.
The bottom 50% paid 3.6% of federal income taxes according to the Department of the Treasury.
That gives them more political power. They control all the capital and means of production, and then they fund the government.
That makes their interests superior to those of the working poor as the government wants to increase tax revenue, and to do so they must prioritize corporate investment.
And the highly empowered private sector not only stomp on personal freedoms with that power, but regulate social society in a way that affects more than just the working poor.
We have a caudillo as president and have growing income inequality.
Welcome to the United States of Latin America.
We are become Brazil.
Your open border dreams are really in line with this statement.
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