1% Gained 82% of 2017 Wealth Created

[DBTrek]

The MASSIVE improvement in the material lives of the worlds poor is nothing to laugh at.

It is when you’re drinking that low-info Democrat kool-aid.
/shrug

[Hanarchy Montanarchy]

Oh, good.

As long as World Bank says their poverty isn't extreme, I guess everything is aces.

The MASSIVE improvement in the material lives of the worlds poor is nothing to laugh at.

Or is it?

A spoiled child isn't sad; he's bored, like a king. Like a dog.

[clubgop]

People don’t stop giving it their all because they only get $250K instead of a $million, and they certainly won’t slow down because they’re only getting $10 million instead of $100.

We talking about people or we talking about you? Cause people sure as will stop or be curtailed by 250,000 over a million. How the fuck are you supposed to take a risk and bet big when all you can guarantee is some stunted return? How are going to get a loan with a business plan that is 1/4 of what it was?

Progressive tax rates apply to individuals wanting to buy a bigger yacht. I propose zero business taxes, and zero taxes on money that is invested into business that employees people. So a billionaire can become an even bigger billionaire faster than ever before... On paper. OF COURSE, there would need to be an Inheritance Tax, otherwise aristrocracy.

interesting. I think taxing savings is bonkers and so is an inheritance tax.

[nmoore63]

Oh, good.

As long as World Bank says their poverty isn't extreme, I guess everything is aces.

The MASSIVE improvement in the material lives of the worlds poor is nothing to laugh at.

Or is it?

A spoiled child isn't sad; he's bored, like a king. Like a dog.

I mean, I guess, if you want to laugh at the fact that billions of people's standard of living has massively increased over the last 50 years...

[Fife]

Do yourself a favor; from the estimable Amity Schlaes:

Growth, Not Equality



https://pjmedia.com/instapundit/286745/

[Martin Hash]

It's like no one understands how democracy works. Or maybe I don't understand?

[The Conservative]

It's like no one understands how democracy works. Or maybe I don't understand?

You mean the US? Which is a Republic?

[Speaker to Animals]

Democratic republic.


The Soviet Union was technically a republic. When we refer to ourselves as a democracy, we are referring to the fact that we are a democratic republic; i.e. the democratic component of democratic republic.. When people make this retarded "but we're a republic not a democracy" meme, they confuse democracy with popular democracy. Athens was a popular democracy. Rome was a democratic republic (or more accurately, a representative democracy). Both were democracies.

They also don't seem to understand what the word republic means.

A republic (Latin: res publica) is a form of government in which the country is considered a "public matter", not the private concern or property of the rulers. The primary positions of power within a republic are not inherited, but are attained through elections expressing the consent of the governed. Such leadership positions are therefore expected to fairly represent the citizen body. It is a form of government under which the head of state is not a monarch.

Indeed, it's theoretically possible for a republic to use direct democracy instead of representative democracy, especially now with the state of communications networks and transportation networks. One could argue the entire reason for a representative democracy has been made moot by technology, and it now only serves as a tool for corruption and oligarchies.

[Smitty-48]

Democratic republic.

A Democratic Republic was ancient Athens, white ball-black ball, a Representative Constitutional Republic, it wasn't.

[DBTrek]

It's like no one understands how democracy works. Or maybe I don't understand?

Did you just assume that democracy works?