the rich get richer........

Discussion in 'Economy' started by manu1959, Oct 14, 2009.

  1. manu1959
    Offline

    manu1959 Left Coast Isolationist

    Joined:
    Oct 28, 2004
    Messages:
    13,761
    Thanks Received:
    1,625
    Trophy Points:
    48
    Location:
    california
    Ratings:
    +1,626
  2. Elutherian
    Offline

    Elutherian BadMother****er

    Joined:
    Oct 13, 2009
    Messages:
    345
    Thanks Received:
    52
    Trophy Points:
    28
    Ratings:
    +53
    The Rich will always get Richer when you've got a fascist economic system of private profit and socialized losses.
     
  3. Bern80
    Offline

    Bern80 Gold Member

    Joined:
    Jan 9, 2004
    Messages:
    8,094
    Thanks Received:
    720
    Trophy Points:
    138
    Ratings:
    +726
    there is nothing fascist about it. Very competetive maybe, but not fascist. There is major human behavior component to the whole have, have not debate that most people don't realize. The real problem is that too much of our labor force is not willing to adapt. It used to be worked hard and get paid well. Now the pay goes to people that work smart. Intelligence is more valuable then how many of part a you can attach to part b. That is coupled with the fact that fewer people are willing to put in the work required to attain the skills that pay well. Fewer people are willing to risk striking out on their own and build their own business. Chances are you simply won't make it rich working for someone else.
     
  4. Paulie
    Offline

    Paulie Platinum Member

    Joined:
    May 19, 2007
    Messages:
    31,470
    Thanks Received:
    4,838
    Trophy Points:
    1,130
    Ratings:
    +15,250
    Outside of the trust fund babies, I bet you'll be hard pressed to find ANYONE who became rich that didn't risk a specific enough portion of money that might have made them broke had that venture potentially failed.

    And then you have the ones who even though the intitial venture failed, they STILL kept trying...some even fail more than once.

    To tell you the truth, it's probably the ONLY reason why I have such a tiny consideration for the idea of fractional reserve lending. It's quite minute, but it's there.
     
  5. manu1959
    Offline

    manu1959 Left Coast Isolationist

    Joined:
    Oct 28, 2004
    Messages:
    13,761
    Thanks Received:
    1,625
    Trophy Points:
    48
    Location:
    california
    Ratings:
    +1,626
    your paycheck is private profit....the government takes some of your profits and redistributes it to others that need it......and your losses (lack of a pay check) is funded buy the socialized welfare system.....which is the private profits of others....

    do you wish to change that system.....
     
  6. Elutherian
    Offline

    Elutherian BadMother****er

    Joined:
    Oct 13, 2009
    Messages:
    345
    Thanks Received:
    52
    Trophy Points:
    28
    Ratings:
    +53
    Hell yes I want to change that system. The private profits part I like... but losses ought to be private as well. If it ain't you end up with the system of corporate billionaires taking our hard earned money because they're "too big to fail".

    Private Profit + Private losses = Free Market Capitalism
    Private Profit + Socialized losses = Fascism/Corporatism
    Socialized Profit + Socialized losses = Socialism/Communism
     
  7. manu1959
    Offline

    manu1959 Left Coast Isolationist

    Joined:
    Oct 28, 2004
    Messages:
    13,761
    Thanks Received:
    1,625
    Trophy Points:
    48
    Location:
    california
    Ratings:
    +1,626
    don't disagree.....we should have let aig.....gm...and chrysler fail.....
     
  8. Bern80
    Offline

    Bern80 Gold Member

    Joined:
    Jan 9, 2004
    Messages:
    8,094
    Thanks Received:
    720
    Trophy Points:
    138
    Ratings:
    +726

    The complaint I don't understand is the socialized losses thing. Most every monetary transaction between parties is an agreed upon contract. So how is that private businesses socialize losses? In other words how do they take your money involuntarily to cover losses?

    I can see the argument already. The gov saving GM will inflate the prices of their automobiles, labor, everything. Yes I agree we probably should have taken it on the chin and let them fail , but so what?! At the end of the day you still have to agree to support that subsidy or labor rate by purchasing their product. That's really the only way they can get your money is by you voluntarily giving it to them.

    This part of what I am talking about when say I think our society is becoming more ambivalent and ignorant and is part of why this economic crisis happened. People beleive there are no choices when there are many. The simplest place to first turn to for solution to any problem is yourself, yet it is something we are less and less willing to do because it is far easier to blame someone else and get them to fix it for you.
     
    Last edited: Oct 14, 2009
  9. Elutherian
    Offline

    Elutherian BadMother****er

    Joined:
    Oct 13, 2009
    Messages:
    345
    Thanks Received:
    52
    Trophy Points:
    28
    Ratings:
    +53
    You actually answered your own question. If our tax dollars aren't taken directly to pay for the bailouts, then it's borrowed (enslaving us all to debt), and if it ain't borrowed, it's printed. That devalues everything we own. It's legal counterfietting and a form of theft.
     
  10. 8236
    Offline

    8236 VIP Member

    Joined:
    Aug 11, 2004
    Messages:
    490
    Thanks Received:
    61
    Trophy Points:
    78
    Location:
    52.5 N 1.5 W
    Ratings:
    +73
    No, no! It's called Quantitative Easing, honest! ;) Seriously though, it does tend to cause inflation, but if an economy is heading for deflation then it can have a stablising effect. A problem it will always cause is indeed devaluing the currency of the nation involved, but even that can have temporary positive effects on exports. It will also cause a surge in imports and a drain on foreign currency reserves. And, damn, for the stuff we all (in the world) buy in dollars (oil) it sux. Bah, hope the US doesn't go for it.:eusa_eh:
     

Share This Page