There Should Be A Three Million Dollar Cap On The Amount Of Money People Can Have At One Time

Ohene

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I had this thought too...but at the same time I feel like if you worked for your money you deserve to have it :manny:


I don't think Athletes should be getting paid as much as they do tho. Football is a grueling sport, so their pay is somewhat justified. But 16-17 mil a year to play basketball/baseball :dahell:
the money gotta go somewhere...if people collectively stopped paying so much for tickets and beer at sporting events then maybe they wouldnt get paid so much. i'd be damned if the fukkin owners get that cake instead
 

TLR Is Mental Poison

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More false equivalencies, not suprising coming from a trickle down economic supporter though.
Thats a pretty funny straw man... a quick search could have saved u some embarassment
Trickle down = tax cuts for the rich in the hopes that they will give it to the poor. That shyt doesn't work

a 100% capital gains tax wouldn't create any trickle down either. More importantly though, what exactly is "trickle down"? As far as I know it has never worked. Makes more sense to set the country up to people are able to get their own, rather than depend on handouts from the rich.

Trickle down doesn't work, nor does super high taxation, nor does property theft. Talking about fixing the economy without addressing the chronic issues like high unemployment/underemployment and our dwindling competitiveness either comes out of intellectual dishonesty, ignorance of how the world works, or uneducated anger. Like I said before tho, rich people merely having wealth doesn't have any negative impact on the poor... there are other mechanisms at play that have to be researched and understood to know what's going on.
 

Dirty_Jerz

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Nothing's been explained.

How is a lawyer that has to quit going to continue practicing if he's no longer making money?

How's a doctor going to keep practicing if they have to continue paying for supplies, med mal insurance, training?


Re-read that last response for your answers, it's possible to hover in a bracket that keeps you from capping with some critical thinking
 

Dirty_Jerz

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Actually, it does. In a society based on Capital accumulation, everyone can't be a millionaire and money increasingly accumulates at the top, leaving less and less wealth and opportunity for the rest. You don't have to read Picketty to understand that. The elites just created a clever narrative that makes inequality the fault of the poor and not of unfair distribution of opportunity and the greed of the rich.

:salute:
 

Dirty_Jerz

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Trillions of dollars are created and destroyed every day. Rich people are eroding the wealth of the middle class but they are not doing it by hoarding cash. I.e. someone having a million dollars does not prevent someone else from getting a million dollars. There is no fixed amount of cash in the system, that is how fiat currency, which is what our monetary system is, works.



Hoarding cash is the reason people need imagenary money. Deal with it.
 

Dirty_Jerz

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I didn't say they are doing it by hording Cash. Still, In our system, not everyone can be a millionaire. The current unequal Distribution of wealth redistribute wealth from the bottom to an increasingly smaller top. So yes, if i'm not born as a trust fund baby, somebody elses pockets do indeed reflect on my income. Arguing against more equality in society by telling people to stop being concerned with other people pockets is about the stupidest Argument you can make.

Ether
 

Dirty_Jerz

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U are talking about something unrelated to this thread. More equality doesn't have anything to do with taking away the wealth people already have. We do need more income/wealth equality but taking rich people's wealth and redistributing it isn't the answer, if for no other reason than they own a lot of the businesses poor people spend money on. The money would flow right back. The inequality problems are a symptom of much deeper systematic issues nobody here seems to want to address or understand.



It has everything to do with this thread :dahell: your comprehension levels are below 9000.:dahell:
 

karim

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What needs to happen is employees need their wages cut, and small business owners need tax cuts.
:snoop: real wages have been stagnating or decreasing for decades now. how would further wage cuts solve anything? we are already producing way too many goods and people don't have the money to buy that shyt because of low wages. that is how the dept crisis happened, because somebody had to buy that shyt, so people were engouraged to borrow money to buy stuff they couldn't afford. because it was clear that alot of them couldn't pay off that dept, credits were repackaged and sold and then repackaged and sold again, until the whole thing came crashing down.
 
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