You have classic jealousy. The Democrats have succeeded with you creating hate of the rich. Without these people you would have no job at all, would be living on the street selling your body to strange men. Greed is good, it makes them invest money and build buildings in hopes of making more money. It is called supply side economics and it works no matter how much liberal democrats lie to you that it doesn't. Most rich people end up in Hell after they die , but so will you with your jealousy.
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I do hate the rich, but I'm not jealous. I don't wish to be as rich as them, I believe that it hurts the lower class. Anyone who isn't part of the rich should hate them. The rich hates us poor people so it goes both ways. Greed is not good, that's immoral.
Supply side economics cause the 2008 recession, all the deregulation under Reagan, Clinton, and Bush, led to the recession. It worked in the 80s, boomer but it can’t work in the 21st century. You think you’ll be rich someday edgy 13-year-old libertarian.
I am already, if silver reaches $50 again , i will have $250,000, and if gold goes to $2000 an ounce ,$200,000 more, and I also have Platinum , Palladium, Copper, Nickel, and Copper. Supply side as always worked. It works when Gov't has nothing to do with economy. Gov't prevents it with high taxes, hiring millions of workers it doesn't need , and heavy regulation with environmental bull shit. You can't have a free market system if Government interferes. But losers like you that don't want to work or try beg to live off the government tits. The liberals sabotage the economy and say see it doesn't work , no it works , quit interfering with it. I know it won't work when you try to put businesses out of business. The American liberals are like the Jewish People in bible that would not do what God told them so they went into the wilderness and never saw the Promised Land.
No, I don't live off government welfare, I have a job and I'm a student, you're just a greedy boomer who doesn't care about the rest of society. You support monopolizing corporations. We have a serious homelessness problem and inequality in wealth. And you're old, that's why you think you're better off.
She isn't a liberal or democrat for calling out what should be called out. The rich dont have your interest at heart, you aren't part of their club no matter how much you try. If those people are so generous then how come they have more wealth and power than the rest? How come it became harder to get jobs than before and why dies the gap between the rich and the poor keep widening?
Does trump work as hard as a coal miner or a construction worker? I think he is a bit more comfy than that. And do you know that there are people who are making more than what trump makes and who do very minimal work? Must be strange for you to comprehend that there are people who are much richer than you without working hard at all. While others are working multiple jobs and hardly scraping by. Welcome to reality.
In this world, you get to the top for being intelligent , selfish and plainly lucky. Lucky to be born into the right family. Lucky to be born with good looks. Nothing about this is fair and those of you who think working hard will get you there are idiots.
That's not an explanation, how do you know that it does? Is it greedy? You have to know about how it all works before you can know if it's greed or not.
It's easy dude. When you get enough money, you can buy politicians for a pittance of a price and skew the laws in your favor at the expense of poor people.
I mean, ffs America is already a plutocratic oligarchy masquerading as a democracy as it is.
Okay, so my whole point is the lack of understanding of the complexities about how these systems work. I get that you look at rich people and get salty that it’s not you, but they don’t have vaults of cash they hide away from the public, and most countries design their economy to set inflation targets which encourages spending. By hoarding money you lose money. But putting aside deliberate inflation, it’s just a trade medium. So if you hoard cash, then the value of everyone else’s cash stabilizes to a new value. Money and value are not the same thing.
There is only a finite amount of money. Money isn't a real substance it is only a medium of exchange. It only has value for what can it can be used for. So of we just print more money it will just cause inflation and doesn't solve any problems in the long term.
So since money is finite, if a small amount of people possess a lot of money then that leaves the larger population with much less money which means they have much less access to things which the elites do. This creates a power imbalance and impoverishes people. Its really simple, I don't know what you dont get.
@startingfitness “There is only a finite amount of money.” Not really. There’s as much money as you want to print. The problem is that the value of everything in the world doesn’t change just because you make more of the trade medium. That’s why inflation occurs.
So since whether money is finite or not is irrelevant, if a small amount of people lock away half of the population’s money, then everyone else ends up having to use half the existing currency to trade everything, which still holds the same value. So basically, everyone would have half as much money and everything they want to buy is half price, but it wouldn’t change people’s access to resources such that anyone became impoverished.
But even that does not happen since federal banks regulate in order to hit inflation targets usually around 2%. So not spending money just means it’s slowly depreciating. That’s why most rich people don’t have that much in the way of liquid assets. The value you see quoted for billionaires’ net worth is not money that’s being withheld from you, they literally can’t just hand you that “cash” because it’s not cash, and they *can’t* even turn it into that amount of cash – because not only can they not hand you that “cash” but it’s not worth the same amount if they could give it to you. It’s only worth what it’s worth while they are holding it and in the exact way that they are holding it.
I understand what you are saying and yes the richest people dont literally "hoard their money". But they do invest their money in their own businesses or businesses involving their associates and that way their money circulates among themselves.
So you are right about them not withholding cold cash from us but they are keeping the wealth among themselves. And whatever profits are made goes to them not us. All the while the middle class is getting taxed , the prices rise while salaries dont catchup. And poor remain poor unless they are really lucky or they decide to become wealthy through illegal means. In this way, the rich are impoverishing others. Im sure you see the point.
I am talking about the elite rich and powerful, not the guy next door with a big house and a sports car.
So in a way something similar to what you wrote is happening. Except that its worse. A large amount of wealth is circulating among the extremely wealthy while the rest is accessible to us. But the problem is that a lot of of the resources are owned by them and they set the proce for their products and services. So basically they have their own wealth circulating between them but theynalso have our wealth circulating through them. And they can choose to take as much as they want because they set the price.
Taxes keep rising oil prices keep rising and prices in general are rising BUT salaries are not catching up. You know what that means. Thats how the gap between the rich and the poor widens.
“they do invest their money in their own businesses or businesses involving their associates and that way their money circulates among themselves.” That’s fine though, it doesn’t mean people are being impoverished. At worst is doesn’t mean anything, at best that circulation isn’t totally insular and those businesses being fuelled provide income to lower classes.
“they are keeping the wealth among themselves” See I don’t think so. In order to hold wealth while minimizing depreciation, rich people do things like buy art – which retains value better than fiat because they literally just won’t sell it for less than they bought it and it’s less susceptible to forex market forces. So what does it mean to be rich then? You can live a comfortable lifestyle similar to middle-upper class with similar liquid assets, the difference being that you have millions tied up in fancy paintings that only have value in the eyes of other rich people. But fancy paintings mean nothing to normal people. You can’t feed people with a painting, so it’s not impoverishing people by them having a piece of canvas that we just “say” that is worth a lot -- but really it’s worth is contextual. The worst we can say is that theoretically it can be converted into infrastructure that could potentially benefit people and grow wealth faster, but building businesses is risky and you can not only lose wealth, but you can destroy it. It’s a complicated system, and I’m not saying that you can’t cause financial harm to people, but I think people’s certainty that it’s greedy rich people dragging everyone else down is misplaced.
If the communists and socialists stopped trying to “redistribute” wealth and started focusing on creating it for themselves, then we’d all do a lot better.
“they set the proce for their products and services.” Sort of. There are rules about these things, which provides a socially constructed constraint and then also there’s only so much you can manipulate pricing before it simply doesn’t work, which is a more tangible constraint. But also, the problem is that the prices are actually good. I’m about to go buy fast food, I want to buy from an Australian franchise to keep wealth in the country, but I can get a slightly bigger and better product for slightly less from a US chain. The jobs and ingredients are still Australian of course, but the control of at least a portion of that wealth give up is now American, and that’s because they give me a good deal. The fat cats get fatter not because they’re causing me to be impoverished, they get fatter because they allow me to be less impoverished through better deals.
“Taxes keep rising oil prices keep rising and prices in general are rising BUT salaries are not catching up. You know what that means. Thats how the gap between the rich and the poor widens.” That’s not necessarily the fault of the rich though. Oil prices should go up, that’s expected – it also creates opportunity for alternatives. Taxes I think are tricky, there’s good arguments for flat, progressive, and regressive taxation in different areas. I think I lean more for lower taxes and smaller government, but I don’t think poorer people are going to find relief from simple tax changes – as much as it seems like it would help. The poorest people in the US have an effective negative tax rate and stretching it further just makes rich people leave with their wealth. I think what’s impoverishing people the most there is broadly speaking culture and automation. It makes sense that salaries wouldn’t scale up because of automation.
"you have millions tied up in fancy paintings that only have value in the eyes of other rich people. But fancy paintings mean nothing to normal people. You can’t feed people with a painting, so it’s not impoverishing people by them having a piece of canvas that we just “say” that is worth a lot " that's actually proving my point. if they had invested that money in something which circulated among ordinary people then we could have some use of it. instead they are investing it in something only other similarly rich people are interested in. this is a perfect example of them keeping wealth for themselves.
And you can't create wealth when there isn't much to begin with. The argument that ordinary people should create wealth is absurd. the reason communists and socialists talk about redistributing wealth is because they realized that that is the only way they can attain wealth. They experienced the greed of the rich and this is their solution. extremists don't come out of nowhere.
you don't see the answer if you think theoretical about it. you need to look at the situation how it plays out in reality. and the truth is that rich people don't care about other people. they only care for themselves.
" There are rules about these things, which provides a socially constructed constraint and then also there’s only so much you can manipulate pricing before it simply doesn’t work, which is a more tangible constraint" - those rules only apply to us. they don't apply to the rich and powerful. they can buy politicians, judges, lawmakers , whoever they want. so how exactly is it fair?
and how do you know that its bigger and better. its bigger, but is it better? in principle, if its cheaper its usually not better. food control has gotten better, but food quality hasn't really improved, depending on the country food quality may have dropped.
and yes the oil prices are going up anyway but they are going up too fast for people to afford. when people can't afford it then the benefits stop.
and you are giving way too much benefit of the doubt to the rich and powerful and their hand in the system. I don't know why you are protecting them when news of corruption is all over everywhere. what makes you think that they aren't greedy when all the evidence proves that they are? they are the ones with true power, if they wanted to change the system they could, but they don't. so it is their fault, there is no point in taking their accountability away.
there were times before where nations and civilizations thrived with less poverty and related problems than today. even though they were less advanced technologically. it all depends on the ruler. the people in power make that difference. communism , which sounds nice in theory failed because of bad leadership. Because of human greed. Capitalism in theory is nice to but it too fails due to human greed. The way extreme capitalism is practiced is why the issue, not the theory. I don't know if we discussed that but just to be clear, im not really anti or pro-capitalism. I blame human error.
Not necessarily. A poor person can become rich. Poverty isn't inherent and unchangeable. Likewise a rich person can become poor. On that basis alone, I believe it's less of an issue, even if it impacts you more.
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You have classic jealousy. The Democrats have succeeded with you creating hate of the rich. Without these people you would have no job at all, would be living on the street selling your body to strange men. Greed is good, it makes them invest money and build buildings in hopes of making more money. It is called supply side economics and it works no matter how much liberal democrats lie to you that it doesn't. Most rich people end up in Hell after they die , but so will you with your jealousy.
I do hate the rich, but I'm not jealous. I don't wish to be as rich as them, I believe that it hurts the lower class. Anyone who isn't part of the rich should hate them. The rich hates us poor people so it goes both ways. Greed is not good, that's immoral.
Typical Liberal response. Also punishing smart people that worked hard and made money, because you won't work hard or are just lazy
Supply side economics cause the 2008 recession, all the deregulation under Reagan, Clinton, and Bush, led to the recession. It worked in the 80s, boomer but it can’t work in the 21st century. You think you’ll be rich someday edgy 13-year-old libertarian.
I am already, if silver reaches $50 again , i will have $250,000, and if gold goes to $2000 an ounce ,$200,000 more, and I also have Platinum , Palladium, Copper, Nickel, and Copper. Supply side as always worked. It works when Gov't has nothing to do with economy. Gov't prevents it with high taxes, hiring millions of workers it doesn't need , and heavy regulation with environmental bull shit. You can't have a free market system if Government interferes. But losers like you that don't want to work or try beg to live off the government tits. The liberals sabotage the economy and say see it doesn't work , no it works , quit interfering with it. I know it won't work when you try to put businesses out of business. The American liberals are like the Jewish People in bible that would not do what God told them so they went into the wilderness and never saw the Promised Land.
No, I don't live off government welfare, I have a job and I'm a student, you're just a greedy boomer who doesn't care about the rest of society. You support monopolizing corporations. We have a serious homelessness problem and inequality in wealth. And you're old, that's why you think you're better off.
Plus, social conservatism is incompatible with capitalism. You're a market-liberal. You have major cognitive dissonance Reagan boomer.
She isn't a liberal or democrat for calling out what should be called out. The rich dont have your interest at heart, you aren't part of their club no matter how much you try.
If those people are so generous then how come they have more wealth and power than the rest? How come it became harder to get jobs than before and why dies the gap between the rich and the poor keep widening?
You capitalist supporters are pathetic.
@startingfitness Stop being jealous and get off your ass and make more money then them
Stop being so stupid. You will never make as much money as the elites. and they dont work nearly as hard as you. Open your eyes.
@startingfitness Trump works a lot more than I do, and deserves all he has
Does trump work as hard as a coal miner or a construction worker? I think he is a bit more comfy than that. And do you know that there are people who are making more than what trump makes and who do very minimal work? Must be strange for you to comprehend that there are people who are much richer than you without working hard at all. While others are working multiple jobs and hardly scraping by. Welcome to reality.
In this world, you get to the top for being intelligent , selfish and plainly lucky. Lucky to be born into the right family. Lucky to be born with good looks. Nothing about this is fair and those of you who think working hard will get you there are idiots.
For sure, there's a reason why MLK's activism expanded with poor people's campaign before being assassinated.
Yes, but how does "hoarding" cash impoverish others?
It just does? It's greedy anyways.
That's not an explanation, how do you know that it does?
Is it greedy? You have to know about how it all works before you can know if it's greed or not.
Hoarding is not a good thing anyways.
... And I'm asking *how* that happens with wealth.
It's easy dude. When you get enough money, you can buy politicians for a pittance of a price and skew the laws in your favor at the expense of poor people.
I mean, ffs America is already a plutocratic oligarchy masquerading as a democracy as it is.
Is that hoarding cash?
Along with theft, corruption and so on, oh yes.
So it’s not hoarding cash? The analogy doesn’t seem to hold.
I think you should re-read my last answer before this one.
Sounds like a load of freedom-hating commie crap to me.
@CaptainSmartass Excuse me? You don’t care for the good of society?
Okay, so my whole point is the lack of understanding of the complexities about how these systems work. I get that you look at rich people and get salty that it’s not you, but they don’t have vaults of cash they hide away from the public, and most countries design their economy to set inflation targets which encourages spending. By hoarding money you lose money. But putting aside deliberate inflation, it’s just a trade medium. So if you hoard cash, then the value of everyone else’s cash stabilizes to a new value. Money and value are not the same thing.
There is only a finite amount of money. Money isn't a real substance it is only a medium of exchange. It only has value for what can it can be used for. So of we just print more money it will just cause inflation and doesn't solve any problems in the long term.
So since money is finite, if a small amount of people possess a lot of money then that leaves the larger population with much less money which means they have much less access to things which the elites do. This creates a power imbalance and impoverishes people. Its really simple, I don't know what you dont get.
@startingfitness “There is only a finite amount of money.”
Not really. There’s as much money as you want to print. The problem is that the value of everything in the world doesn’t change just because you make more of the trade medium. That’s why inflation occurs.
So since whether money is finite or not is irrelevant, if a small amount of people lock away half of the population’s money, then everyone else ends up having to use half the existing currency to trade everything, which still holds the same value. So basically, everyone would have half as much money and everything they want to buy is half price, but it wouldn’t change people’s access to resources such that anyone became impoverished.
But even that does not happen since federal banks regulate in order to hit inflation targets usually around 2%. So not spending money just means it’s slowly depreciating. That’s why most rich people don’t have that much in the way of liquid assets. The value you see quoted for billionaires’ net worth is not money that’s being withheld from you, they literally can’t just hand you that “cash” because it’s not cash, and they *can’t* even turn it into that amount of cash – because not only can they not hand you that “cash” but it’s not worth the same amount if they could give it to you. It’s only worth what it’s worth while they are holding it and in the exact way that they are holding it.
I understand what you are saying and yes the richest people dont literally "hoard their money". But they do invest their money in their own businesses or businesses involving their associates and that way their money circulates among themselves.
So you are right about them not withholding cold cash from us but they are keeping the wealth among themselves. And whatever profits are made goes to them not us. All the while the middle class is getting taxed , the prices rise while salaries dont catchup. And poor remain poor unless they are really lucky or they decide to become wealthy through illegal means. In this way, the rich are impoverishing others. Im sure you see the point.
I am talking about the elite rich and powerful, not the guy next door with a big house and a sports car.
So in a way something similar to what you wrote is happening. Except that its worse. A large amount of wealth is circulating among the extremely wealthy while the rest is accessible to us. But the problem is that a lot of of the resources are owned by them and they set the proce for their products and services. So basically they have their own wealth circulating between them but theynalso have our wealth circulating through them. And they can choose to take as much as they want because they set the price.
Taxes keep rising oil prices keep rising and prices in general are rising BUT salaries are not catching up. You know what that means. Thats how the gap between the rich and the poor widens.
“they do invest their money in their own businesses or businesses involving their associates and that way their money circulates among themselves.”
That’s fine though, it doesn’t mean people are being impoverished. At worst is doesn’t mean anything, at best that circulation isn’t totally insular and those businesses being fuelled provide income to lower classes.
“they are keeping the wealth among themselves”
See I don’t think so. In order to hold wealth while minimizing depreciation, rich people do things like buy art – which retains value better than fiat because they literally just won’t sell it for less than they bought it and it’s less susceptible to forex market forces. So what does it mean to be rich then? You can live a comfortable lifestyle similar to middle-upper class with similar liquid assets, the difference being that you have millions tied up in fancy paintings that only have value in the eyes of other rich people. But fancy paintings mean nothing to normal people. You can’t feed people with a painting, so it’s not impoverishing people by them having a piece of canvas that we just “say” that is worth a lot -- but really it’s worth is contextual. The worst we can say is that theoretically it can be converted into infrastructure that could potentially benefit people and grow wealth faster, but building businesses is risky and you can not only lose wealth, but you can destroy it. It’s a complicated system, and I’m not saying that you can’t cause financial harm to people, but I think people’s certainty that it’s greedy rich people dragging everyone else down is misplaced.
If the communists and socialists stopped trying to “redistribute” wealth and started focusing on creating it for themselves, then we’d all do a lot better.
“they set the proce for their products and services.”
Sort of. There are rules about these things, which provides a socially constructed constraint and then also there’s only so much you can manipulate pricing before it simply doesn’t work, which is a more tangible constraint. But also, the problem is that the prices are actually good. I’m about to go buy fast food, I want to buy from an Australian franchise to keep wealth in the country, but I can get a slightly bigger and better product for slightly less from a US chain. The jobs and ingredients are still Australian of course, but the control of at least a portion of that wealth give up is now American, and that’s because they give me a good deal. The fat cats get fatter not because they’re causing me to be impoverished, they get fatter because they allow me to be less impoverished through better deals.
“Taxes keep rising oil prices keep rising and prices in general are rising BUT salaries are not catching up. You know what that means. Thats how the gap between the rich and the poor widens.”
That’s not necessarily the fault of the rich though. Oil prices should go up, that’s expected – it also creates opportunity for alternatives. Taxes I think are tricky, there’s good arguments for flat, progressive, and regressive taxation in different areas. I think I lean more for lower taxes and smaller government, but I don’t think poorer people are going to find relief from simple tax changes – as much as it seems like it would help. The poorest people in the US have an effective negative tax rate and stretching it further just makes rich people leave with their wealth. I think what’s impoverishing people the most there is broadly speaking culture and automation. It makes sense that salaries wouldn’t scale up because of automation.
"you have millions tied up in fancy paintings that only have value in the eyes of other rich people. But fancy paintings mean nothing to normal people. You can’t feed people with a painting, so it’s not impoverishing people by them having a piece of canvas that we just “say” that is worth a lot "
that's actually proving my point. if they had invested that money in something which circulated among ordinary people then we could have some use of it. instead they are investing it in something only other similarly rich people are interested in. this is a perfect example of them keeping wealth for themselves.
And you can't create wealth when there isn't much to begin with. The argument that ordinary people should create wealth is absurd. the reason communists and socialists talk about redistributing wealth is because they realized that that is the only way they can attain wealth. They experienced the greed of the rich and this is their solution. extremists don't come out of nowhere.
you don't see the answer if you think theoretical about it. you need to look at the situation how it plays out in reality. and the truth is that rich people don't care about other people. they only care for themselves.
" There are rules about these things, which provides a socially constructed constraint and then also there’s only so much you can manipulate pricing before it simply doesn’t work, which is a more tangible constraint" - those rules only apply to us. they don't apply to the rich and powerful. they can buy politicians, judges, lawmakers , whoever they want. so how exactly is it fair?
and how do you know that its bigger and better. its bigger, but is it better? in principle, if its cheaper its usually not better. food control has gotten better, but food quality hasn't really improved, depending on the country food quality may have dropped.
and yes the oil prices are going up anyway but they are going up too fast for people to afford. when people can't afford it then the benefits stop.
and you are giving way too much benefit of the doubt to the rich and powerful and their hand in the system. I don't know why you are protecting them when news of corruption is all over everywhere. what makes you think that they aren't greedy when all the evidence proves that they are? they are the ones with true power, if they wanted to change the system they could, but they don't. so it is their fault, there is no point in taking their accountability away.
there were times before where nations and civilizations thrived with less poverty and related problems than today. even though they were less advanced technologically. it all depends on the ruler. the people in power make that difference. communism , which sounds nice in theory failed because of bad leadership. Because of human greed. Capitalism in theory is nice to but it too fails due to human greed. The way extreme capitalism is practiced is why the issue, not the theory. I don't know if we discussed that but just to be clear, im not really anti or pro-capitalism. I blame human error.
Not necessarily. A poor person can become rich. Poverty isn't inherent and unchangeable. Likewise a rich person can become poor. On that basis alone, I believe it's less of an issue, even if it impacts you more.
It’s very hard for a poor person to become rich.
Hard, yes. But not impossible. Every rich family in the world did it at least once.
Well, my question was is it worse than racism and classism?
And my answer was "no."
Poor people become rich by taking from the rich. Thats why its so hard since they will setup roadblocks.
Because of jealousy and your attitude. I am poor and I amassed a lot of silver and gold.
No, classes are not made by money, but by function.
Money can be warned and lost.
Race and sex is something we do not choose. Its just how we are born.
🤦🏾♀️
yea it is a bigger problem
I think all three are major problems.
All types of discrimination are detrimental.
Not really but it's a matter of perspective.
Poor rich people getting harassed.
A higher level. Maybe
It's old things it's next level now
Great, you're a socialist aren't you?
No I’m not.
Ok, good
No not even close.