How rich are you?

Discussion in 'Economy' started by Quantum Windbag, Jul 10, 2011.

  1. Quantum Windbag
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    Quantum Windbag Gold Member

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    Tell me again how trickle down doesn't work, and how the free market is designed only to make rich people rich.

    [ame=http://www.youtube.com/watch?v=0FB0EhPM_M4]YouTube - ‪Would You Give Up The Internet For 1 Million Dollars?‬‏[/ame]
     
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  2. Mr. H.
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    Mr. H. Diamond Member

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    What the market has done is create a tremendous gap between "worth" and "cost".

    Sounds like the wealthiest are the dumbest- lining up to pay top dollar for crap technology LOL.

    "Capitalism has its own built-in welfare transfer system."
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    "Capitalism paradoxically starts with self-interest, but guided by freedom maximizes social welfare".
     
  4. Toro
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    Toro Diamond Member

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    "Trickle-down" is such a horrible term. Conservatives should use better terminology. They're usually much better than liberals at framing words.

    Capitalism creates the most wealth for the most people, most of the time. It doesn't create all the wealth for all the people, all of the time. However, no system in the history of the world has advanced nations as capitalism has.

    Oh, and as to the question, I'm fine, thanks.
     
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    Last edited: Jul 10, 2011
  5. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I thought 'trickle down' was originally a derisive term coined by a liberal in response to Reagan's supply side economic view. It's shortcomings are mostly due to imperfect regulations and poor gov't oversight to ensure competition and equal opprtunity. JMO.
     
  6. iamwhatiseem
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    iamwhatiseem Gold Member

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    Once again I will go to Milton Friedman...just as he stomped on Donahue here...I have halted many a thread like this with this video.

    [ame=http://www.youtube.com/watch?v=RWsx1X8PV_A]YouTube - ‪Milton Friedman - Greed‬‏[/ame]
     
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  7. Toro
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    Toro Diamond Member

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    Actually, I think you are right. I think a Republican politician described it as wealth created by tax cuts for the wealthy would trickle down and benefit everyone, and the liberals ran with that.
     
  8. Againsheila
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    Againsheila Gold Member

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    Everyone of those people they talked it is rich. Talk to the homeless on the streets that don't have access to the internet anyway. Heck, I tried to get rid of the internet on my phone to save $30 a month but in order to do that i have to "upgrade" to a lesser phone which would cost me $60.00.

    I'm still thinking about it. Anybody want to buy a slightly used Android?

    Give me $1,000,000 and I'll give up the internet in a second. Of course I won't be so well informed, but to heck with it, gimmie the $million. I'll say my goodbyes to the board now.
     
  9. Leweman
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    Leweman Gold Member

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    America has the wealthiest rich and the wealthiest poor in the world. Looks to me like "trickle down" works pretty well. If it didn't really work there would be a lot fewer people able to bitch on internet message boards that it doesn't.
     
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  10. Againsheila
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    Againsheila Gold Member

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    There's a lot more out there that don't have access to the internet to tell you what kind of idiot you are for thinking that trickle down works.
     

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