1% Gained 82% of 2017 Wealth Created

User avatar
Martin Hash
Posts: 19189
Joined: Wed Jan 20, 2010 2:02 pm

1% Gained 82% of 2017 Wealth Created

Post by Martin Hash »

For you Royalists, it's working: 1% Gained 82% of 2017 Wealth Created
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change
User avatar
Speaker to Animals
Posts: 38685
Joined: Wed Nov 30, 2016 5:59 pm

Re: 1% Gained 82% of 2017 Wealth Created

Post by Speaker to Animals »

Great news. We are this much closer to the collapse.
User avatar
DBTrek
Posts: 12241
Joined: Wed Jan 25, 2017 7:04 pm

Re: 1% Gained 82% of 2017 Wealth Created

Post by DBTrek »

Is the argument that the cash register jockeys at Walmart didn’t get a fair portion of the wealth *they* created returned to them?
:think:
"Hey varmints, don't mess with a guy that's riding a buffalo"
User avatar
Martin Hash
Posts: 19189
Joined: Wed Jan 20, 2010 2:02 pm

Re: 1% Gained 82% of 2017 Wealth Created

Post by Martin Hash »

DBTrek wrote:Is the argument that the cash register jockeys at Walmart didn’t get a fair portion of the wealth *they* created returned to them?
:think:
Did you use the word "fair"?

Fairness has nothing to do with it. You either sign up for an aristocracy or wealth needs to be redistributed, there's no other option.
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change
User avatar
DBTrek
Posts: 12241
Joined: Wed Jan 25, 2017 7:04 pm

Re: 1% Gained 82% of 2017 Wealth Created

Post by DBTrek »

Perhaps the 99% reaped an amount proportionate to their direct influence in growing the economy, eh?

Since showing up to perform a task doesn’t generally create more jobs or generate new wealth, it’s unsurprising that people who do this (most of us) didn’t reap huge rewards for something we had no real part in.
/shrug
"Hey varmints, don't mess with a guy that's riding a buffalo"
User avatar
Martin Hash
Posts: 19189
Joined: Wed Jan 20, 2010 2:02 pm

Re: 1% Gained 82% of 2017 Wealth Created

Post by Martin Hash »

DBTrek wrote:Perhaps the 99% reaped an amount proportionate to their direct influence in growing the economy, eh?

Since showing up to perform a task doesn’t generally create more jobs or generate new wealth, it’s unsurprising that people who do this (most of us) didn’t reap huge rewards for something we had no real part in.
/shrug
Let's say you're half right, that half of Americans are "losers," (my terminology), and another 25% are incompetent for one reason or another (also a theory of mine), that still leaves 24% of Americans who are sucking wind. If liberty relies on democracy to exist, then you need to make damn sure you have 51% who are going to vote for it. The 1% don't care if there's liberty or not, they'll always have liberty, but the 49% that could benefit from it are going to vote for Collectivism because it's simply in their best interests if all the rewards go to the 1%.
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change
nmoore63
Posts: 1881
Joined: Tue Jul 18, 2017 2:10 pm

Re: 1% Gained 82% of 2017 Wealth Created

Post by nmoore63 »

Prof GCF told me wealth creation is a myth
User avatar
StCapps
Posts: 16879
Joined: Wed Nov 30, 2016 10:59 am
Location: Hamilton, Ontario

Re: 1% Gained 82% of 2017 Wealth Created

Post by StCapps »

Martin Hash wrote:
DBTrek wrote:Is the argument that the cash register jockeys at Walmart didn’t get a fair portion of the wealth *they* created returned to them?
:think:
Did you use the word "fair"?

Fairness has nothing to do with it. You either sign up for an aristocracy or wealth needs to be redistributed, there's no other option.
Your imagination sucks if the only solution you can think of is redistribution, that shouldn't be the go to, that should be that the last resort. How about trying superior options first before going knee jerk redistribution?
*yip*
User avatar
Martin Hash
Posts: 19189
Joined: Wed Jan 20, 2010 2:02 pm

Re: 1% Gained 82% of 2017 Wealth Created

Post by Martin Hash »

StCapps wrote:
Martin Hash wrote:
DBTrek wrote:Is the argument that the cash register jockeys at Walmart didn’t get a fair portion of the wealth *they* created returned to them?
:think:
Did you use the word "fair"?

Fairness has nothing to do with it. You either sign up for an aristocracy or wealth needs to be redistributed, there's no other option.
Your imagination sucks if the only solution you can think of is redistribution, that shouldn't be the go to, that should be that the last resort. How about trying superior options first before going knee jerk redistribution?
Uhhh... The math. Compounded gains?
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change
User avatar
StCapps
Posts: 16879
Joined: Wed Nov 30, 2016 10:59 am
Location: Hamilton, Ontario

Re: 1% Gained 82% of 2017 Wealth Created

Post by StCapps »

Martin Hash wrote:Uhhh... The math. Compounded gains?
What does that have to do with going to shitty ass "Robin Hood Economics" redistribution as the go-to solution? Aside from nothing.
*yip*