How rich are you?

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

  1. Quantum Windbag
    Offline

    Quantum Windbag Gold Member

    Joined:
    May 9, 2010
    Messages:
    58,308
    Thanks Received:
    5,017
    Trophy Points:
    245
    Ratings:
    +5,226
    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]
     
    • Thank You! Thank You! x 1
  2. Mr. H.
    Offline

    Mr. H. Diamond Member

    Joined:
    Aug 19, 2009
    Messages:
    44,174
    Thanks Received:
    9,279
    Trophy Points:
    2,030
    Location:
    A warm place with no memory.
    Ratings:
    +15,481
    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.
    Offline

    Mr. H. Diamond Member

    Joined:
    Aug 19, 2009
    Messages:
    44,174
    Thanks Received:
    9,279
    Trophy Points:
    2,030
    Location:
    A warm place with no memory.
    Ratings:
    +15,481
    "Capitalism paradoxically starts with self-interest, but guided by freedom maximizes social welfare".
     
  4. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    56,770
    Thanks Received:
    12,080
    Trophy Points:
    2,180
    Location:
    The Big Bend via Riderville
    Ratings:
    +33,503
    "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.
     
    • Thank You! Thank You! x 4
    Last edited: Jul 10, 2011
  5. Wiseacre
    Offline

    Wiseacre Retired USAF Chief Supporting Member

    Joined:
    Apr 8, 2011
    Messages:
    6,025
    Thanks Received:
    1,192
    Trophy Points:
    48
    Location:
    San Antonio, TX
    Ratings:
    +1,197

    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
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    15,769
    Thanks Received:
    3,356
    Trophy Points:
    280
    Location:
    Not There
    Ratings:
    +7,278
    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]
     
    • Thank You! Thank You! x 2
  7. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    56,770
    Thanks Received:
    12,080
    Trophy Points:
    2,180
    Location:
    The Big Bend via Riderville
    Ratings:
    +33,503
    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
    Offline

    Againsheila Gold Member

    Joined:
    Nov 1, 2008
    Messages:
    17,182
    Thanks Received:
    2,582
    Trophy Points:
    245
    Location:
    Federal Way WA
    Ratings:
    +2,785
    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
    Offline

    Leweman Gold Member

    Joined:
    Aug 5, 2010
    Messages:
    4,270
    Thanks Received:
    514
    Trophy Points:
    155
    Ratings:
    +957
    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.
     
    • Thank You! Thank You! x 2
  10. Againsheila
    Offline

    Againsheila Gold Member

    Joined:
    Nov 1, 2008
    Messages:
    17,182
    Thanks Received:
    2,582
    Trophy Points:
    245
    Location:
    Federal Way WA
    Ratings:
    +2,785
    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.
     

Share This Page