If you really believe that you have been effectively brainwashed by the millionaire propagandists who serve the interests of the One Percent.
Nope! As a business consultant with an MBA with a major in economics I came to that conclusion on my own. In researching the issue with other economists and their studies it was determined that my conclusion was correct.Wealth is not a zero sum issue as increased production increases total wealth.
Real wealth is finite. It represents the material, administrative, and the human (citizen) resources of this Nation. To suggest these resources are limitless is plainly ignorant.
The wealth in one second of time can be deemed finite. In the next instant in time it may grow or decrease, depending on the business cycle. I have not suggested our physical resources are infinite, but their VALUE DEFINITELY INCREASES DEPENDING ON HOW WE EXPLOIT THOSE PHYSICAL RESOURCES. In so far as human resources are concerned, that is based on the total production of those human resources plus the improved production of automation. It is ignorant to believe otherwise or listen to the left wing extremist propaganda which tries to convince the sheeple that the rich are taking away part of the wealth they are due.
Got it, AGAIN you'll not argue the posit, but instead go off on a tangent
Wealth is a Zero-Sum Game
Conservative damagogues like Limbaugh have been able to convince the public that the huge incomes of the wealthiest Americans are irrelevant to those who make moderate-to-low incomes. They even suggest that the more money the wealthiest Americans make, the more wealth will trickle down to the lower classes.
If you've swallowed this line of conservative garbage, get ready to vomit. As all conservative economists know, and deny to the public that they know, wealth is a zero-sum game. That is true at both the front end—when income is divided up, and the back end—when it is spent.
T
he Front End of Zero-Sum: Dividing the Loot
There is only so much corporate income in a given year. The more of that income that is used to pay workers, the less profit the corporation makes. The less profit, the less the stock goes up. The less the stock goes up, the less the CEO and the investors make. It’s as simple as that. Profit equals income minus expenses. No more, no less. Subtract the right side of the equation from the left side and the answer is always zero. Hence the term, “zero-sum.”
So, to the extent a corporation can keep from sharing the wealth with workers—the ones who created the wealth to begin with—investors and executives get a bigger slice of the income pie and become richer.
To understand this aspect of the zero-sum nature of wealth, and the way many people get rich—that is, besides selling-out our workers to Third World countries—consider how Gates, Eisner, and Welch Jr. did it. It’s no mystery, and it isn’t all that hard to do.
Although the following specific details are fictional, the scenario is accurate. Through their emissaries, Mr. Bill Gates (CEO of Micro- soft), met with Michael Eisner (CEO of Walt Disney Corp.), and John Welch Jr. (CEO of General Electric). Their discussion went like this:
Gates: “Gentlemen, you astute, wise, talented, outstanding, and morally principled managers of today—I can sell you something that cost me $10 per unit to produce for $400 each. It’s a little disk with a bunch of zeros and ones on it.”
Eisner and Welch Jr., in unison: “Why in the hell would we be stupid enough to do something like that?”
Gates: “Simple. It will enable your secretaries to produce twice as much work in half the time. In other words, you can fire half your secretaries—those who helped make your organizations successful in the first place. And the secretaries who remain will still work the same hours for the same pay. You will cut your labor costs in half, the stock of your companies will skyrocket and your grateful shareholders will reward your managerial brilliance by making you incredibly, fabulously rich. Not like me, of course, but pretty damn rich.
“Here’s another wrinkle you’ll love. When your companies start growing again, Disney will hire the experienced secretaries that GE fired, and GE will hire the secretaries that Disney fired. Since they are new employees, they’ll start out at base pay, which has hardly budged for the past 20 years—and with no benefits. Times are tough for secretaries these days, you know, with the corporate downsizing and all.
“Oh yes, with Republicans in control of Congress and Clinton ap-pointing conservative judges to the courts, you can work your secretaries’ asses off, and you don’t have to worry about them getting carpal tunnel syndrome and suing you.”
The Zero-sum Nature of economics
