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OK so you're back to resources equals wealth. Never mind that Japan is a very wealthy country with almost no natural resources and Argentina is a poor country with an abundance of them. Never mind I already pointed out the fallacy that the US is wealthier now than 40 years ago even though we've used up a number of resources, on your view.I,m not the one claiming thatSo we've exhausted all the world's resources at this point? Is that really your claim?I'm pretty sure that we've utilized all of the third world shit holes that the Earth has to offer. What next?
You can't be this stupid. I'll credit you with being disingenuous.
-resources determine wealth
-the US has become more wealthy despiute using up those resources because we outsourced our industrial base
-no one else can do that because we've exhausted all the earths resources.
That's you.
Bottom line, resources do determine wealth. Just because we've been exploiting people and regions that were late coming to the industrial/capitalist table doesn't mean that we can continue to do that indefinitely.
Energy is the most likely and pressing limited resource. The oceans are being depleted faster than the rate of reproduction. Water is becoming an issue in the west as we speak. What do you think will happen when these limits are global?
The oceans are not being depleted. That's absurd. The Earth is mostly water.
These myths have been debunked over and over. That people still repeat them is testament to stupidity.From 1941 to the 1960's we had high taxes on the rich and high wages. The taxes were invested in education and infrastructure, and the high wages created consumer demand.
Now we have low taxes for the rich and low wages, and 23% of total income goes to the top 1%.
70% of our economy is consumer demand, so too much money in too few hands is starving our economy of demand. We need to raise the minimum wage and tax capital gains as income.
You just make that shit up!The top 1%of earners pay about 87% of income taxes.
The top 1% paid 35.1% of all income tax collected in 2011, the latest year of data available.
I never said they didn't know costs, keep up with the conversation, Corky! They don't know income or profit, which is why profit is "projected!" Dumbass.`.Ignorance
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.”
You don't know what income is going to be before you pay the workers, nor do you know what the profit will be. The workers have to be paid before a dime of income is realized or profit made. As much as you wish to turn this into a simple math problem, that's not how capitalist business works. There are many unknown variables and the formula for profit doesn't always work out in favor of the capitalist. It is a risk that is taken and many capitalists boldly take that risk, nothing is guaranteed in capitalism.
You want to fool stupid people into believing your lies about capitalism because that's what Marxists do. They want to convince people that Marxism (or their current form of it) is the best idea man has ever devised and nothing is further from the truth. Marxism DESTROYS the best idea man has ever devised, free market capitalism.
Good you agree, your ENTIRE premise was based on right wing bullshit and ALL you have is to throw around the word Marxist.
Marxist? lol
Parrots repeat what they hear. The RW media doesn't profit from educating their listeners. They know the money is in saying outrageous things that fit their listeners ideology. The listeners want to be outraged. The RW media produces the outrageous material. Truth not required. It's a symbiotic relationship.
You avoided my counterpoint which totally destroyed your meme, then proceeded to label me and denigrate by claiming I am some kind of "listener" who doesn't think for himself. I think that is YOU and what you are doing is projecting. You're a mush brain who hasn't thought his arguments out very well. When you get your ass schooled by a smarter person, you revert to being the typical empty-headed drone jerkoff of the ft.
Smarter? lol
PLEASE tell me ONE policy conservatives have EVER been on the correct side of history?
Calling people Marxist is just Beck, Levine, etc low info garbage Bubba
IF your Biz model DOESN'T know the costs associated with your Biz, you are not going to fukkking make it Bubba. Counter point? Base on a fallacy that a Biz doesn't know it's costs or projected profits? lol
Get the fuck out of the adults room and take your gawwwdam libertarian fraud friends with you Bubba!
This debate has nothing to do with your warped perspective of conservatives or history. Free market capitalism is responsible for creating more millionaires and billionaires than ANY system ever devised by man. But you don't like millionaires and billionaires, or the systems that churn them out.
You have to do what you can to destroy them because you're a little man with a little dick. You need to be the Fascist wielding your government power over others, that's the only way you can get ahead in life.
Wealth is not a zero-sum game.
It's amazing that people believe this.
Wealth rises almost every year.
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.
The 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.
The Zero-sum Nature of economics
Posting it another time doesn't make it any less wrong.
You're confusing different concepts.
Wealth is not a zero-sum game. This is one of the most basic concepts in all of economics. How wealth is distributed within society is another issue.
If wealth was a zero-sum game, we would - literally - still have living standards of the 17th century. Last time I checked, we didn't have iPhones and airplanes in the 17th century.
Income and wealth are certainly related but they aren't the same thing.
Income is the value of what you earn. Wealth is the value of what you save.
Democrats? They seem to line up behind "The War on Women" and "We are the 99%"Isn't it amusing to watch how they stumble around trying to explain the dismal failures of their socialist policies in the war against the rich? Oh, it's so terrible and awful, those mean old rich people just keep outsmarting them at every turn... woe is me!
Liberals are the saddest clowns in the dum-dum circus.
Almost as funny as watching so called conservatives search for a compelling catch phrase......like "war against the rich". I wonder what kind of dim witted morons find superficial rhetoric like that to be persuasive?
Because it doesn't matter.skull, to bad you didn't try to address the example I used in showing you how your actions could cause your net worth to increase and mine to decrease. Why was that?
You idiots are saying it's a zero sum game but yet you can't tell me how one person's income, rise or fall in net worth affects your income and net worth can you?
Your reasoning skills are beyond compare.Democrats? They seem to line up behind "The War on Women" and "We are the 99%"Isn't it amusing to watch how they stumble around trying to explain the dismal failures of their socialist policies in the war against the rich? Oh, it's so terrible and awful, those mean old rich people just keep outsmarting them at every turn... woe is me!
Liberals are the saddest clowns in the dum-dum circus.
Almost as funny as watching so called conservatives search for a compelling catch phrase......like "war against the rich". I wonder what kind of dim witted morons find superficial rhetoric like that to be persuasive?
Well then I guess that makes you just about as smart as a Democrat......doesn't it.
Actually everyone would lose 20% of their wealth.If the War on the Rich is such a "Dumb" idea
What would happen if the 1% were to lose 2 tenths of a percent of their wealth and the 40% were to gain 2 tenths of a percent in wealth (double their wealth)
Would the world come to an end?
Actually everyone would lose 20% of their wealth.If the War on the Rich is such a "Dumb" idea
What would happen if the 1% were to lose 2 tenths of a percent of their wealth and the 40% were to gain 2 tenths of a percent in wealth (double their wealth)
Would the world come to an end?
Because you just don't get how this works, do you?
Economics and you are like vampires and garlic.Actually everyone would lose 20% of their wealth.If the War on the Rich is such a "Dumb" idea
What would happen if the 1% were to lose 2 tenths of a percent of their wealth and the 40% were to gain 2 tenths of a percent in wealth (double their wealth)
Would the world come to an end?
Because you just don't get how this works, do you?
Math and the Rabbi are not good friends
What policy exactly has stopped you from making more or adding to your net worth?to add to that Skull Pilot, you can't have people gaining wealth when their opportunities become limited by policies designed only to help that top 1%.
Economics and you are like vampires and garlic.Actually everyone would lose 20% of their wealth.If the War on the Rich is such a "Dumb" idea
What would happen if the 1% were to lose 2 tenths of a percent of their wealth and the 40% were to gain 2 tenths of a percent in wealth (double their wealth)
Would the world come to an end?
Because you just don't get how this works, do you?
Math and the Rabbi are not good friends
It's really funny watching you deal with this as though you know what you're talking about.If $100 were distributed in the US among 100 people
It's really funny watching you deal with this as though you know what you're talking about.If $100 were distributed in the US among 100 people
Maybe this will help you. Of course you'd ahve to have the intelligence to read and understand the book. Which means I guess you could use it as a paper weight.Economics and you are like vampires and garlic.Actually everyone would lose 20% of their wealth.If the War on the Rich is such a "Dumb" idea
What would happen if the 1% were to lose 2 tenths of a percent of their wealth and the 40% were to gain 2 tenths of a percent in wealth (double their wealth)
Would the world come to an end?
Because you just don't get how this works, do you?
Math and the Rabbi are not good friends
Maybe this will help you
net wort? what are you a brewer?Ah well, I gotta go work to increase my wealth and net wort
Because it doesn't matter.skull, to bad you didn't try to address the example I used in showing you how your actions could cause your net worth to increase and mine to decrease. Why was that?
You idiots are saying it's a zero sum game but yet you can't tell me how one person's income, rise or fall in net worth affects your income and net worth can you?
What doesn't matter skull? If you are my employer and you indicated that a large bonus would be paid to me and you decide to keep that bonus money for yourself, are you so fucking thick headed that you can't see how your increase in wealth just cost me my increase in wealth?
Yea, I would say you are that thick headed.
How about if you are a business owner who goes bankrupt and the business fails. And where I once had a job now I don't. Cause you failed to manage your business properly. You can't understand how your failures caused me a significant loss of my wealth?
Or tell you what skull. Don't respond. I;m going to work after I finish my cereal. And you are going to say the exact same thing over and over.
........it's a zero sum game.......blah blah.......how one persons blah blah..........don't bother.
