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#1
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What do you do about the natural concentration of wealth over time, if there are no means for redistribution? In a capitalist system, the more wealth you have, the better your ability to capture a greater share of all current and newly generated wealth (When a capitalist acquires an asset his ability to acquire more assets increases). For example, Paris Hilton inherits $500 million. All Paris Hilton has to do is hire brilliant minds to manage her wealth and investments. Her chance of losing money to market forces is far smaller than her chance of making money off purchasing profitable businesses and properties, or making safe investments. This requires no labor on her behalf, it is purely her money making money. Progressive taxation is the only force that acts against this and prevents a small number of people from eventually owning virtually all of society. (The lack of which also being a major contributor to why things have been in the shitter since Reagan) | ||||
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Last edited by Lune; 06-20-2017 at 01:56 PM..
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#2
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I don't expect such short-sightedness from you lune... progressive taxation and the redistribution in the form of here take this we will take care of you is exactly what keeps the richer getting richer and the poor get just enough to vote for who gives it to them... Until we deal with the hidden taxes caused by our now fiat currency and central bank the wealth gap will continue to at least stay the same and this progressive theft and choosing who doesn't get to climb the economic ladder of their own volition and on their own merit also creates a sense of entitlement that does not meld with the tenets of liberty. While all of this is going on there is massive Social-Engineering in every area imaginable, to what end are we really being lead? | |||
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#3
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Nothing about progressive tax means you have to take it and then give it to Shaguamquisha as a lump sum payment. You invest it in schools, national parks, health care, infrastructure, and all the things that make it easier for people to climb the economic ladder. Trickle down economics will continue to funnel wealth into the hands of capitalists at the expense of everyone who has to sell their labor to survive (that includes you). There is no market force to end this Republicans have a responsibility to quit swallowing corporate loads and answer to the middle class on this. Frankly, Democrats can't be trusted not to just tax the shit out of everyone and funnel it to inner-city parasites. And that's assuming they win elections which they don't because of retardation. We need Eisenhower Republicans back. | |||
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#4
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__________________
Kirban Manaburn / Speedd Haxx
PKer & Master Trainer and Terrorist of Sullon Zek Kills: 1278, Deaths: 76, Killratio: 16.82 | |||
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#5
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That said - even in the "capitalist exploits labor for profit" scenario... two examples of market forces addressing this come to mind: 1) Worker improves the value of their labor - through experience (free) or education (cheap). Worker negotiates higher wages - possibly from a competing employer. Maybe even eventually collecting enough capital to take the risk of becoming an owner... possibly even offering a fair wage! 2) A competing capitalist offers a fair wage for the same job. Fixt. | |||
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#6
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*When was wealth last created? (if you are coming from USA then you know not for a while, they just print it, and wealth only stays the same or is Delimited)... | |||
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Last edited by entruil; 07-01-2017 at 01:24 AM..
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#7
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I don't see an awakening as wishy-washy bullshit... few people saw some shit, I will be the negative for some positive self-gains... I also missed some-a-lot from way back, foolish to think it went way back as well... that last part a question to each their own homie... Get good. Right? | ||||
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Last edited by entruil; 07-02-2017 at 07:58 PM..
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#8
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The value of currency, however... fiat currency, in particular, that's a whole other ballgame. As long as people continue to have different skillsets, talents, and resources... trade will be the primary driver of wealth creation. The cobbler has great shoes, but eats poorly, sometimes even affecting his ability to fix/make shoes. The farmer eats very well, but his shoes fall apart, his feet blister up, affecting his ability to farm. The two neighbors trade their skills and both eat well, perhaps better than before - and both have healthy feet - perhaps better than before... that's "wealth" without currency, without the extraction of any more natural resource than before the trade (more efficient use of the same materials), or exploitation of labor. Silly analogy, perhaps, but simply illustrating the concept. | |||
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#9
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A union plumber who makes $90,000 a year for his labor will make $90,000 the next year with the same labor and the same market, and maybe $100,000 a year after that if he gets a higher wage or successfully invests. If Paris Hilton has $100 million being managed by investment bankers, in a few years it will grow to $120 million. In the next few years with a higher principle it will grow even more. Paris Hilton's wealth creation is only dependent on aggregate wealth because the wealth itself is the vehicle for income. As her wealth increases, her capacity to generate even more wealth also increases. There is no natural force in the free market that counteracts the tendency of the Paris Hiltons of the worlds' investment accounts to grow over time at a rate totally unparalleled by those who sell their labor. Even something like an economic crash, bubble burst, poor management, fraud, etc, doesn't keep pace with the diversification of investments. Basically, without things like progressive taxation, capitalists come to be 'owners' of ever-larger segments of society. | |||
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