Chira numbuh wan!

[Reiwa]

Originally Posted by shovelquest [You must be logged in to view images. Log in or Register.]

this had nothing to do with states, or California, this was a private bank with private investors and the fear of them defaulting and causing (the above) was enough to have the white house write a check for 20 billion dollars to help those that the $250k insurance wasn't enough to cover their loss. It was a shameful mask off moment for the billionaire oligarch democrats (who have more billionaire than republicans let alone MAGA has in their corner).

This has nothing to do wtih states or whatever mumbjo jumbo you're trying to handwave and (as Duik always puts it) shill for the billionares.

I like to shill for the billionaires. They get too much flack from people who are very dumb.

[shovelquest]

well there are good billionaires and bad ones and those are the bad ones and they basically just got their political donations returned to them with interest care of USGOV.

[Reiwa]

Originally Posted by shovelquest [You must be logged in to view images. Log in or Register.]

well there are good billionaires and bad ones and those are the bad ones and they basically just got their political donations returned to them with interest care of USGOV.

NASA costs 15 billion and nobody makes any money from it.

[Lune]

Originally Posted by shovelquest [You must be logged in to view images. Log in or Register.]

well there are good billionaires and bad ones and those are the bad ones and they basically just got their political donations returned to them with interest care of USGOV.

The mere status of being a billionaire is unethical. Such a concentration of wealth only occurs through the aggregate suffering and exploitation of masses of people who sell their labor to survive. Additionally, such wealth affords far too much concentration of power in one actor. There isn't a fortune in Earth's history that wasn't accumulated through anticompetitive practices or skullduggery of some kind, dating back to the first douchebag who bribed the island king for exclusive rights to all the coconut trees.

Even with billionaires who are dedicated to giving away all their wealth-- fortunes made on the backs of labor is directed at the pet interests and whimsy of one person, rather than the wants and needs of the body politic.

Every miserable maggoty ducat in excess of $1billion in realized or unrealized wealth and income should be taxed at 100% and used to pay union dues. Maybe give them a big marble neon scoreboard in Washington DC where they get their name etched among the Winners of Capitalism with a fountain people can throw coins in

[Reiwa]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

The mere status of being a billionaire is unethical. Such a concentration of wealth only occurs through the aggregate suffering and exploitation of masses of people who sell their labor to survive. Additionally, such wealth affords far too much concentration of power in one actor. There isn't a fortune in Earth's history that wasn't accumulated through anticompetitive practices or skullduggery of some kind, dating back to the first douchebag who bribed the island king for exclusive rights to all the coconut trees.

Even with billionaires who are dedicated to giving away all their wealth-- fortunes made on the backs of labor is directed at the pet interests and whimsy of one person, rather than the wants and needs of the body politic.

Every miserable maggoty ducat in excess of $1billion in realized or unrealized wealth and income should be taxed at 100% and used to pay union dues. Maybe give them a big marble neon scoreboard in Washington DC where they get their name etched among the Winners of Capitalism with a fountain people can throw coins in

I get that you're retarded, but the notion that the value of labor is being stolen hasn't existed as a legitimate idea in economic philosophy for a very long time and for good reason.

And even if it was, the current way would still be better overall.

[Lune]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

I get that you're retarded, but the notion that the value of labor is being stolen hasn't existed as a legitimate idea in economic philosophy for a very long time and for good reason.

And even if it was, the current way would still be better overall.

Meditate on the fact that early attempts to unionize and bargain collectively were met with literal military force, and the fact that Western oligarchies across the world continue to import millions of economic migrants in order to depress the cost and value of labor--in spite of widespread, grassroots public outcry that has now destabilized the world's largest economy-- and then come back and tell me the value of labor isn't being stolen.

[Reiwa]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

Meditate on the fact that early attempts to unionize and bargain collectively were met with literal military force, and the fact that Western oligarchies across the world continue to import millions of economic migrants in order to depress the cost and value of labor--in spite of widespread, grassroots public outcry that has now destabilized the world's largest economy-- and then come back and tell me the value of labor isn't being stolen.

No meditation needed. I'm always at full manna from Heaven.

AI Overview
Learn more
The labor theory of value largely fell out of favor in mainstream economics by the late 19th century, with the "marginal utility revolution" of the 1870s being a key turning point where economists began to embrace the idea that value is determined by subjective preferences rather than just labor input; therefore, marking the end of the widespread acceptance of the labor theory of value.
Key points about the decline of the labor theory of value:
Austrian School:
Economists like Eugen von Böhm-Bawerk from the Austrian School heavily criticized the labor theory of value and promoted the concept of marginal utility, leading to its decline.
Neoclassical Economics:
Modern economic thought, largely based on neoclassical economics, rejects the labor theory of value in favor of supply and demand dynamics based on individual preferences.
Marx's Influence:
Although Karl Marx is closely associated with the labor theory of value, even within Marxist economics, there are ongoing debates about the validity and applicability of this concept in contemporary economic analysis.

[Lune]

Economics is not a science.

[Reiwa]

We conquered bread a long time ago.

And then we conquered the lack of employment opportunities.

Our biggest problem now is the inverse - too much work and too few workers.

Thanks Obama.

[Duik]

Originally Posted by shovelquest [You must be logged in to view images. Log in or Register.]

Thankfully Biden bailed out the silicon valley banks amiright?!?

I dont care either way. You all carry on about both sides da same what do I care.

Although Silicone Valley Banks sounds like an 80's chick rock band lineup.