- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Do socialists think that billionaires stole their money?
Posted on 2/25/20 at 8:06 am to Powerman
Posted on 2/25/20 at 8:06 am to Powerman
I'm going to get roasted after this, but the real solution to that (and a lot of gripes with capitalism) is the elimination of limited liability. It would drastically reduce the scale of all businesses and their influence.
2
Posted on 2/25/20 at 8:07 am to Ralph_Wiggum
quote:
Labor is the source of wealth.
Let's say you have a pile of 2x4's, and everything needed to build a small shed.
You decide to build that shed (10 hours of labor).
Tomorrow you decide to tear that shed down. (2 hours of labor)
You now have a pile of 2x4's and everything needed to build a small shed.
You have a total of 12 hours of labor invested into this pile of materials. Are you saying that your pile of materials is now worth more that mine because of the labor you put into it?
Posted on 2/25/20 at 8:07 am to Powerman
It’s possible but the fact that what I’m asking for is exceedingly rare shows that labor is not the source of wealth, but rather value addition into a product or service actually is
Posted on 2/25/20 at 8:07 am to cahoots
quote:Of course they do.
but billionaires? They don't play by the rules.
You just don't like the rules...……..MANY of which, YOU and other voters DEMANDED.
That's probably the funniest part. Is how often voters DEMAND shite that actually helps the people they think they're fricking.
Posted on 2/25/20 at 8:12 am to TigerBait1971
Well...
100 years ago, like around the time of the Dem backed KKK, there kinda sorta was a finite monetary "pie". The Gold Standard limited wealth vastly as the only way to increase the supply was really, really, really, difficult. The term/label "panhandler" is derived from this (panning for gold in a river/stream).
Once the Bretton-Woods System was completely adopted wealth creation really took off. Money became fictional instead of limited by a physical supply. A few strokes of an accountants pen, and voila, mo money!
100 years ago, like around the time of the Dem backed KKK, there kinda sorta was a finite monetary "pie". The Gold Standard limited wealth vastly as the only way to increase the supply was really, really, really, difficult. The term/label "panhandler" is derived from this (panning for gold in a river/stream).
Once the Bretton-Woods System was completely adopted wealth creation really took off. Money became fictional instead of limited by a physical supply. A few strokes of an accountants pen, and voila, mo money!
Posted on 2/25/20 at 8:12 am to TigerBait1971
quote:
”They should have paid the people whose labor they used to get rich more.”
What's the logic here?
This post was edited on 2/25/20 at 8:14 am
Posted on 2/25/20 at 8:14 am to Sidicous
quote:
Sidicous
Solid.
Posted on 2/25/20 at 8:15 am to TigerBait1971
quote:Do you think Bloomberg works harder than his pawns? No chance. Maybe he did back in the day, but after a certain point he doesn't need to keep getting richer. He could sit on his arse in his underwear all day eating Doritos and his business would be no worse off, and he would continue to make more in a day than most do in years. Same for his family for generations to come. Assuming they are paying some advisor millions of dollars to handle their finances, nobody descending from Mike is going to have to work a day in their lives for the rest of American history as long as the current rules apply. Does that seem right?
What's the logic here?
Posted on 2/25/20 at 8:16 am to Ralph_Wiggum
Then stop fricking up my order.
Posted on 2/25/20 at 8:17 am to ShortyRob
(no message)
This post was edited on 2/25/20 at 4:27 pm
Posted on 2/25/20 at 8:18 am to DimTigerDontHate
quote:
Does that seem right?
Bloomberg took a huge personal risk to himself and his family by starting a business venture. This risk paid off in an unimaginable way, created jobs for thousands of people, and generated wealth for thousands of others.
frick yes it's right.
This post was edited on 2/25/20 at 8:19 am
Posted on 2/25/20 at 8:21 am to cahoots
quote:
How can anyone compete with amazon when local governments bend over backwards for them?
Do you know how many people Amazon employs? Those are people the govt is not supporting. Amazon is given incentives to put their building in certain areas because of the employment of the people in that community. They do actually pay employment taxes, healthcare costs, taxes on running their businesses.
Amazon actually forces brick and mortar stores to lower their prices to be competitive. Thats what we as consumers want.
Posted on 2/25/20 at 8:23 am to HempHead
quote:
I'm going to get roasted after this, but the real solution to that (and a lot of gripes with capitalism) is the elimination of limited liability. It would drastically reduce the scale of all businesses and their influence.
It makes sense. Limiting the liability of owners essentially socializes the downside risk of a company without an equal socialization of the upside potential.
Think you'd have to accompany that with tort reform, though.
Posted on 2/25/20 at 8:23 am to cahoots
quote:
I mean, look, if you think Epstein and Wexner and Bezos and Soros all earned their billions legitimately, then you are incredibly naive
And if you think these shady billionaires aren't going to take their money and run when the govt comes knocking, you're naive.
Posted on 2/25/20 at 8:24 am to cahoots
quote:
and Bezos
Was a computer geek and started a website
quote:
Wexner
Started a clothing distributor that ballooned into a billion dollar entity. Didn’t start like that
quote:
Soros
Banker and hedge fund manager that cane from relative obscurity out of Hungary
quote:
Epstein
Banker and power broker in the sex trafficking and blackmail trade.
Sounds like you should be mad at the progressive democrats for cozying up to big government through their banking connections and not at people who build shite
Posted on 2/25/20 at 8:26 am to DimTigerDontHate
quote:
think Bloomberg works harder than his pawns? No chance. Maybe he did back in the day, but after a certain point he doesn't need to keep getting richer. He could sit on his arse in his underwear all day eating Doritos and his business would be no worse off, and he would continue to make more in a day than most do in years. Same for his family for generations to come. Assuming they are paying some advisor millions of dollars to handle their finances, nobody descending from Mike is going to have to work a day in their lives for the rest of American history as long as the current rules apply. Does that seem right?
Why in the frick is it any of my business and how does this effect me at all?
If Bloomsburg took all his money and shut the business down, would it help or hurt me? Is some small part it would hurt me indirectly.
If we taxed all his money away, would it help or hurt me. It would be a very small ripple on the national debt, but it would hurt the economy more than it would pay national debt...so again a net negative.
Why the hell is it any of your business how he runs his company? How does it affect you? Even if you work there, don't like it....go find another company that values your labor and skills more.
Posted on 2/25/20 at 8:29 am to TigerBait1971
quote:
Do socialists think that billionaires stole their money? by TigerBait1971
YES, they can't stand individuals becoming that successful..
Funny thing about Bernie and Bernie bros, they hate corporate America and Millionaires/billionaires...but absolutely love giving all the wealth and power to government, which is the HULK version of Corporate America they hate. Pretty ironic
Posted on 2/25/20 at 8:29 am to The Maj
quote:
So, no inheritance then?
No
I'm just saying I get why people might not respect the Waltons as opposed to Sam Walton who actually built the shite
I think most people whether socialist or staunch capitalist probably respect someone who built something like that over someone who inherited it. It's a natural inclination.
Posted on 2/25/20 at 8:33 am to Oilfieldbiology
quote:
Bernie madhoff did steal Billions from people.
They weren't poors, though. They were already wealthy people looking for an exotic way to make more money. Madoff simply baited the hook, waited for them to bite, then reeled them in.
Unless someone is just plain stupid, there is very little reason in this country to start poor and stay poor.
Posted on 2/25/20 at 8:34 am to Powerman
quote:
I think most people whether socialist or staunch capitalist probably respect someone who built something like that over someone who inherited it. It's a natural inclination
It's mostly jealousy.
Page 4 of 10
Popular
Back to top
Follow TigerDroppings for LSU Football News