Muscatine

Income Inequality

Posted in: Muscatine
  • Stock
  • mallory
  • Respected Neighbor
  • USA
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BEN STEIN: "It's always been true that a very tiny majority of the richest people in the world control an enormously disproportionate amount of the wealth and the poorest people controlled a very, very tiny portion of the wealth. But, you know, the way the media has been playing this is as if there is a finite amount of money in the world and that if rich people have a lot then poor people have less. But that's not the way it works out. If the rich people got rich by starting businesses and starting new technologies that gave more employment, more productivity, more wealth to the other people, then everybody gets richer.

 

That's a big "If".   How does it work when they don't?   Tell us Ben.

 

The other big problem with that theory is, they don't create jobs.   There are not enough people with the money to afford what those jobs might produce.

Whose going to build a factory to produce something nobody buys?   You have to have a large group of people, we generally call them middle class, with enough wealth to allow them to spend some money beyond food and absolute necessities.

 

There is not a finite amount. Rich people getting rich does not make poor people poor. "


 

 

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  • hiroad
  • Respected Neighbor
  • The Hilltop
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"The other big problem with that theory is, they don't create jobs.   There are not enough people with the money to afford what those jobs might produce."

 

They don't create jobs?????  What the hell are you talking about?   The only way private sector jobs are created is by individuals with enough capital taking that capital and investing in assets and systems to provide products or services that people do want!   If people don't want them, then the business fails and jobs are not created (at least jobs that last).  But successful businessmen are those who recognize what people want. 

 

How the hell do you think this country grew to be the number one economic and commercial center in the world?  It happened due to the workings of the capitalist system.  You need to bone up on your history lessons.  Your ignorance amazes us sometimes.

 

 You really need to quit writing ignorant and goofy stuff here.

  • Stock
  • mallory
  • Respected Neighbor
  • USA
  • 3461 Posts
  • Respect-O-Meter: Respected Neighbor

BEN STEIN: "It's always been true that a very tiny majority of the richest people in the world control an enormously disproportionate amount of the wealth and the poorest people controlled a very, very tiny portion of the wealth. But, you know, the way the media has been playing this is as if there is a finite amount of money in the world and that if rich people have a lot then poor people have less. But that's not the way it works out. If the rich people got rich by starting businesses and starting new technologies that gave more employment, more productivity, more wealth to the other people, then everybody gets richer.

 

That's a big "If".   How does it work when they don't?   Tell us Ben. 

 

Tell us what happens when the rich people didn't get "rich by starting businesses and starting new technologies"?    They could have gotten rich by investing in the stock market.   Could have bought when Obama took office and had 2.5 times their investment at the end of 2013.   And did nothing else.

Could get rich buying futures on the Board of Trade if lucky, or if they can  corner enough of the market to make it a sure thing.   I believe the Hunt brothers did a little of this kind of thing with silver.    Google them for a little history.

 

 

 

The other big problem with that theory is, they don't create jobs.   There are not enough people with the money to afford what those jobs might produce.

Whose going to build a factory to produce something nobody buys?   You have to have a large group of people, we generally call them middle class, with enough wealth to allow them to spend some money beyond food and absolute necessities.

 

What is goofy about this?   The middle class has been losing for years and not buying like they used to.


 

 

 

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  • hiroad
  • Respected Neighbor
  • The Hilltop
  • 5055 Posts
  • Respect-O-Meter: Respected Neighbor

"Tell us what happens when the rich people didn't get "rich by starting businesses and starting new technologies"?    They could have gotten rich by investing in the stock market.   Could have bought when Obama took office and had 2.5 times their investment at the end of 2013.   And did nothing else.

Could get rich buying futures on the Board of Trade if lucky, or if they can  corner enough of the market to make it a sure thing.   I believe the Hunt brothers did a little of this kind of thing with silver.    Google them for a little history."

 

Your ignorance amazes us again!  Are these people hiding their money in their mattresses?  What do you think they do with their earnings?  You apparently have little understanding of how the economy and commerce works.  All this money is invested in some way or other.  Some even in Federal and State governmental bonds!  But most in private equities.  These "stock" investments are generated by people risking their money by giving it to entities that use it to expand businesses, start businesses, buy equipment, buy other businesses, pay their employees, etc. 

And what if they actually did hide it in their mattresses?  Is it any business of yours? 

What I see happening now in this country and some others, regarding the rich, is similar to how the persecution of the jews started in Germany under Hitler.  Hitler painted one class of people as evil. Yes, it started by demonization of that class of people.  And we all know where that ended up.  You, malodery, are a bigot.  An ignorant bigot at that.

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