If all the 1%ers suddenly disappeared...

Discussion in 'Politics' started by Jackson, Dec 2, 2011.

  1. Jackson
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    Jackson Gold Member Supporting Member

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    What would the unemployment rate be today?

    How much in campaign fund losses would Obama suffer from corporate interests and unions?

    Let's keep handing out those pell grants so these OWSers learn some economics.
     
  2. Dragon
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    Dragon Senior Member

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    I assume you mean "if" not "id." Might want to get a mod to edit the title.

    About the same. The idea that rich people are "job creators" is a myth.

    From corporate interests, it depends on how robotic the corporate machinery is. There would be no reason for corporations to hand out cash to politicians, since those on whose behalf they do it would be mysteriously gone, but that might not stop them.

    From unions, not a penny.

    What Pell grants?

    I approve of people learning economics, as long as they learn real economics and not the right-wing ideology that is often confused for it.
     
  3. Jackson
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    Jackson Gold Member Supporting Member

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    Thank you for the tip. My bad.
     
  4. occupied
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    occupied Gold Member

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    No real difference right now, they are sitting on their money or hiding it overseas, as far as the US economy is concerned it might as well not exist. However the disappearance of their monopolies and non competitive practices would probably be a net benefit.
     
  5. Jackson
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    Jackson Gold Member Supporting Member

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    Interesting take...
     
  6. DiamondDave
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    DiamondDave Army Vet

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    Yeah... because of all those corporations, companies, businesses, firms, etc that are owned and run by the poor :rolleyes:

    Seriously... you can't make this shit up that these wingers spew
     
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  7. Againsheila
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    Againsheila Gold Member

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    There'd be fewer chauffeurs and maids...but a lot more small mom and pop grocery stores and small businesses.

    And our politicians might actually be doing what's good for the country instead of what's good for the wealthy.
     
  8. Dragon
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    Dragon Senior Member

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    Because those who own the corporations, companies, businesses, firms, etc. are not the ones who create jobs. They're just the ones who (at the moment) OWN the jobs. Consumers create jobs. If the rich disappeared, the jobs would still exist, they would just have new owners.
     
  9. DiamondDave
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    Yes... they are... to have the investment to pay, hire, provide resources, etc.... whether it be directly thru ownership or investment into the corporate structure

    You have to have the resources to own or provide... it's not like they magically appear to those who are the new 'top'... you have to assume if the 1% disappear, their capital, etc goes too

    Consumers create demand... but demand does not inherently give what is needed to create a job
     
  10. Dragon
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    Dragon Senior Member

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    No, they are not. Here's how I know this.

    An investor has X amount of money to invest. Demand is Y, which justifies the investment of X/10 to expand business.

    Double X, and no new jobs are created because there will be no demand to justify it.

    Cut X in half, and no new jobs are created because there will be no demand to justify it.

    Double Y, and another X/10 will be invested to create jobs.

    Double Y AND cut X in half, and another X/10 will be invested to create jobs.

    Consumers are the ones who create jobs, because consumer demand is the variable that matters. There is always excess capital accumulated, so capital is something we can take for granted. In fact, if all of the rich disappeared, capital would still be available in the money they leave behind, and in the banks and in tangible liquid assets such as stocks.

    The rich do not create jobs.
     

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