he starts with the age old lie all RATS put forth that for every dollar somebody else earns, is one LESS dollar I can earn, which is bullsh!t... I determine how may dollars i do or do not earn, it's NOT a finite supply
Posted on 12/10/2013 2:23:07 PM PST by Chuckster
Wait. Let me go get my barf bag.
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Now. Now I’m ready to read.
Hey if the guy agrees that Soros should redistribute his wealth I’m all in...:)
What a crock of socialist crap.
lay claim to the resources that should belong to all of us
LOL!
The End Result? That suction-like sound is the financial industry GOVERNMENT soaking up our country's wealth.
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Most of the super rich are politicians. How did Obama go from 1.2 million in wealth when he was elected to 12 million now?
Congress are immune to insider trading laws.
Those are the super rich.
Work hard
Live within their means
Make intelligent choices
Understand human nature
The fact that the author is named Paul Bul***it is all you need to know.
With production static or decreasing THEY are getting a larger and larger share of it.
If you have $100 and I have $100 and if I have the power to "create" money and you don't then I "create" $100 without selling anything and there is no addition to the available stock of goods then $300 is bidding for the same set of goods that $200 would have bought previously. I can buy, now 50% more of those goods than you can because the prices have all gone up 50% except, of course, the price of labor, your labor. I can buy more of the stock of goods than you can. You are able to buy fewer goods than you could previously. I am wealthier than you now and have created nothing. My money "creation" was a division of the existing wealth into a larger number of smaller units and I let generously let you keep the same number of units/dollars you had before,but I have taken a big chunk of your wealth and arrogated it to myself of those to whom I choose to give it.
Inflation is a Wealth Tax.
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- In the Bloggers & Personal forum, on a thread titled Three Ways the Super-Rich Suck Wealth out of the Rest of Us, thackney wrote:
- “lay claim to the resources that should belong to all of us”
- Come and get it you lazy moron!
They have a point about crony capitalists, but “deregulated” markets? Nope, sorry. They’re heavily regulated, hence the big benefits to crony capitalists.
The stock market is based on perception and we know the government has been manipulating that and rates so the national debt has a low interest rate.
Shrink government and less mischief IMO will be happening.
I’ve been rich, and I’ve been poor.
Rich is better.
Huh?
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But it's the government's policy of inflating the dollar that makes it happen. End that and income inequality would revert to being caused by working harder.
I wonder if he knows that?
The writer's motivation is suspect but overall he has a point. Don't get this love for the Blankfeins, Dimons and Corzines that I see here. Recognizing the fascist nature of our system doesn't make you a socialist. Guess you'll all have to be bailed in before you get it.
he starts with the age old lie all RATS put forth that for every dollar somebody else earns, is one LESS dollar I can earn, which is bullsh!t... I determine how may dollars i do or do not earn, it's NOT a finite supply
the government taxes it from us and gives it to them.
I’ve been trying to tell folks that forever.
In fact, the regulation of the financial industry creates incentives that distort the economic information traded in the markets. Money is just information/knowledge in an easily exchangable form.
Who does this idiot think will create the regulations for the financial industry? Burger flippers? Finance gurus who know how to appease the masses get selected by the “poor.” Then, once the gurus have power, regardless of their intent, they do what is in their personal self-interest. See Allen Greenspan, the “disciple of Ayn Rand” who betrayed every libertarian ideal to control the levers of our economy. It’s been the same since the beginning of time.
In order for an economy to work at its best, there has to be 1) a medium of communication (settled and stable legal and social framework) that 2) is low entropy (does not send false signals to the market) and 3) free people able to freely communicate their values in contributions without interference.
In the author’s world, the gurus look after the burger flippers. In my world, the burger flippers ARE THE ECONOMIC POWER. By giving the power to the banks and financial industry through regulations, they are making the poor more powerless.
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