Pope Francis drops a truth bomb
- Thread starter UCFKnight85
- Start date
Ooo the rabbit hole of what happens in libertarian anarcho capitalism fantasy land where the richest people have nukes etc...
Idk, one person has more of something than the other, but you are right they probably aren't related in any way.
Agreed, but in fairness there have been ultrawealthy people in all of history. Heck Stalin by all accounts is one of the top 10 wealthiest people in human history.
The issue at hand, and the one that was COMPLETELY overlooked by trickle down economics is that greed supercedes utility. What good does it do for a person to have 100 billion dollars? You cant possibly spend that much in your lifetime and reap no benefits of having those levels of money other than ego. I'm not saying that wealth confiscation should be a thing, but something has to change. Its different today than it was during the days of Astor, Morgan, and Rockefeller when people amassed that kind of wealth and then turned around and invested in companies directly, leading to increased production and profits for the workers, bringing people up through the classes.
ninja is a very envious person. pretty sure its one of those commandments things he hates religious people for. its sad really.
Lmao you really are a feckless moron. Nothing you said makes sense, or is remotely true. I am incredibly lucky in the game of Life, more well off than 99% of people in the world probably.
I agree, I definitely don't have the solution but you can't look at the current situation and say everything is fine.
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yeah, economists that argue for open borders are always telling us that resources and economies aren't zero-sum games.
But... that 100 billion dollars isn't just buried somewhere in the ground today. Even if it is amassed into the accounts and investitures of one person, it still is invested into ventures where that money is working.
Yeah, but its keeping velocity down. Not as much as the offshore holdings but it still does slow money down
Cashflow is the lifeblood of small businesses. Anything that slows it down has a depressive effect on the entire economy. Unfortunately most small businesses never break through to the point of having an IPO so its extremely important to move as much money in and out of their hands as possible on a micro level.
Agreed, its the same cycle that we've seen for centuries and we are on the upper throes of that cycle. The problem isnt the system though, the problem is that nobody has ever figured out how to reset it without major implications: war, civil unrest, etc. I still stand by my position that a free market capitalistic system is the best chance of going through that cycle without a bunch of people dying. If something new comes along that we havent seen yet then sign me up, but for now free market is still the best option.
That's fair but there is still enough private venture capital out there that people who are motivated and even semi-skilled will find opportunities. This is my opinion, but from what I've seen and read over the years, starvation and poverty issues around the world are more governmental in nature (including pseudo-governments like local warlords) than private capitalistic individuals.
Even if you reset the playing field and divided all the world's wealth evenly and eliminated any possibility of war or violence, the money would still arrange towards those that are good at making money and away from those that aren't. That's why wealth redistribution never works; because you're not changing the nature of people's behaviors by simply giving them money or resources.
Completely true. Its always just a matter of time before it happens and why wealth redistribution is only a band-aid at best.
Europe, Australia, Scandinavia, Japan, Canada... they all have better wealth distribution than the U.S. and it isn't a band-aid. The U.S. went from WWII until the Reagan era with better wealth distribution, and it wasn't a band-aid.
I'm definitely not advocating for traditional wealth distribution, just pointing out that there is something wrong with the current set up
Poor wealth distribution is a factor in economic mobility, and lack of regulation leads to poor wealth distribution.
You are correct that many regulations are harmful to small business, but this is because of crony capitalism, and the ultra-wealthy buying politicians.
The last thing, you keep talking about economy like it is binary. There can only be capitalism or a planned economy. This is absurd. Even China is capitalist now. Vietnam is capitalist. Every other westernized country is capitalist. The difference is many of them have laws and regulations that protect consumers and employees, while the U.S. becomes more and more like India with an enormous and growing wealth gap.
When capitalist business owners fail to distribute the wealth in a manner that benefits the entire nation, the only other alternative is redistribution of wealth... or violent uprising.
Because its fascism! Government working hand in hand with big business and then assisting in the creation and influence of labor unions is fascism. We have labor cartels just like Italy, government enriching the owners by regulating small businesses into extinction just like italy, and big businesses enriching politicians for personal wealth just like italy. Its no surprise either, many of the business and government elites (joe kennedy for example) stated their intrigue and admiration for the idea of fascism in the 20s and 30s. Add the military industrial complex as eisenhower described it into the fray and where should we expect the wealth to flow?
Those are mixed economies. It isnt binary, there are 4 widely accepted forms of economies with the mixed economy having infinite possibilities.
Pretty much, although whenever you put the power of government into the fray it generally leads to the same thing. Government is the only authority capable of redistributing wealth forcibly, but what has history shown us? When that happens, the people in charge of distributing the wealth are still subject to human nature and greed. Literally every economic system in history has led to the same thing: those with power get rich, those without power get poorer. The goal is to eliminate the ability to consolidate power and by extension, wealth. I dont care if you have 1 dictator in charge or 536 of them, give them power and they will do the same thing. In our case we have 536 of them working with a few thousand business and banking moguls and they're all getting rich off of our backs.
i believe chemmie has said multiple times how well off he is. he eats expensive foods, drinks the best beers, and does a lot of travel.
i wonder how much of his own wealth he redistributes to charity or volunteers on an annual basis?
i wonder how much of his own wealth he redistributes to charity or volunteers on an annual basis?
for a guy that continually touts socialism and redistribution of wealth, i would think you would practice what you preach.
