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re: Do socialists think that billionaires stole their money?
Posted on 2/25/20 at 9:25 am to SidewalkDawg
Posted on 2/25/20 at 9:25 am to SidewalkDawg
quote:
Then my question to you is, why do you not view it as legitimate?
Well, sometimes, it could be. Increasingly seldom and virtually non-existent in the cases of billionaires. I suppose I subscribe pretty closely to the Lockean Proviso.
According to the Lockean Proviso, private appropriation of land(homesteading) is legitimate only "at least where there is enough, and as good, left in common for others."
3
Posted on 2/25/20 at 9:26 am to TheSexecutioner
quote:
legitimate only "at least where there is enough, and as good, left in common for others."
Ok comrade...
Posted on 2/25/20 at 9:27 am to TheSexecutioner
quote:
at least where there is enough, and as good, left in common for others."
So never, as every homestead takes the best available land and reduces the amount of land available. Who’s to say what is enough.
Posted on 2/25/20 at 9:27 am to BugAC
This thread evolved from attacking Marx for his ideology to attacking Adam Smith for his. Incredible. 
Posted on 2/25/20 at 9:28 am to CelticDog
Oh you mean like GE because they funded “green” technologies?
What other corporations don’t pay taxes
What other corporations don’t pay taxes
Posted on 2/25/20 at 9:29 am to The Maj
quote:
Ok comrade...
Except that is a direct quote from John Locke's Second Treatsie, the work that our Bill of Rights was based on.
This post was edited on 2/25/20 at 9:31 am
Posted on 2/25/20 at 9:30 am to TheSexecutioner
quote:
This thread evolved from attacking Marx for his ideology to attacking Adam Smith for his
Not attacking him. I'm saying that a Scotsman from the 1700's quotes could probably use some updating and his theory updated based on present day economics in America, if that's your comparison. Why don't you respond to the post? It's cute that you are taking words and thoughts of others, and reposting them as your own, but why don't you try using your own brain.
Or, just respond to my post and explain where i'm wrong.
This post was edited on 2/25/20 at 9:32 am
Posted on 2/25/20 at 9:30 am to Ralph_Wiggum
quote:
They should have paid the people whose labor they used to get rich more. A lot more. It's that simple. Labor is the source of wealth. We have no problem with people having nice things. But a lot more people should profit from their labor.
False. You are paid based on how easy you are to replace. It is pretty simple.
Posted on 2/25/20 at 9:30 am to Ralph_Wiggum
quote:
They should have paid the people whose labor they used to get rich more. A lot more. It's that simple. Labor is the source of wealth. We have no problem with people having nice things. But a lot more people should profit from their labor.
So all labor is the same? Bill Gates put in the labor in his damn garage. What did you do?
Posted on 2/25/20 at 9:31 am to TheSexecutioner
Posted on 2/25/20 at 9:31 am to TigerBait1971
yes. they believe that they "stole" the profits from the labor they used to acquire this wealth
...
...
even if their wealth isn't tied to profit and, in fact, comes from stock valuation of a historically unprofitable company (Bezos)
...
...
even if their wealth isn't tied to profit and, in fact, comes from stock valuation of a historically unprofitable company (Bezos)
Posted on 2/25/20 at 9:32 am to TheSexecutioner
quote:
John Locke's Second Treatsie
So, you want to go back to pre-Constitutional times and determine land ownership from there?
Did I miss something in the actual Constitution that said "You cannot own too much land"?
Posted on 2/25/20 at 9:32 am to TheSexecutioner
quote:
It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest” (ibid.).
Someone earning money by his own labor benefits himself. Unknowingly, he also benefits society, because to earn income on his labor in a competitive market, he must produce something others value. In Adam Smith’s lasting imagery, “By directing that industry in such a manner as its produce may be of greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.”
What do you think do this Adam Smith quote, as it basically goes against everything you’ve argued to this point.
Posted on 2/25/20 at 9:33 am to SlowFlowPro
That's another flaw of capitalism. You could become a millionaire by creating a company that has no value at all
Like the CEO of that company WeWork. I think they've lost hundreds of millions to date and don't look to have any chance at being profitable and the guy walks away from it golden.
Like the CEO of that company WeWork. I think they've lost hundreds of millions to date and don't look to have any chance at being profitable and the guy walks away from it golden.
Posted on 2/25/20 at 9:34 am to TheSexecutioner
You do realize it’s possible to disagree with some
Stances of some philosophers while generally agreeing with their overall premise? You do not have to agree 100% with anyone
Stances of some philosophers while generally agreeing with their overall premise? You do not have to agree 100% with anyone
Posted on 2/25/20 at 9:35 am to Powerman
quote:
That's another flaw of capitalism. You could become a millionaire by creating a company that has no value at all
Like the CEO of that company WeWork. I think they've lost hundreds of millions to date and don't look to have any chance at being profitable and the guy walks away from it golden.
it's not a flaw. that's built into the system, just like any other time you make an imperfect exchange
sometimes people pay sticker for new vehicles, also
Posted on 2/25/20 at 9:35 am to Powerman
quote:
the Walton's annual income exceeds the income of every other employee in the company combined
The Waltons receive dividends for the WMT stock they own. As long as they own this stock as a result of voluntary exchange, what right do we have to intervene?
Posted on 2/25/20 at 9:35 am to Powerman
How is that a flaw? He convinced people to give him money
Posted on 2/25/20 at 9:39 am to Oilfieldbiology
quote:
What do you think do this Adam Smith quote, as it basically goes against everything you’ve argued to this point.
It has gone against literally none of what I've argued to this point.
I agree with the quote.
Posted on 2/25/20 at 9:40 am to Oilfieldbiology
quote:
How is that a flaw? He convinced people to give him money
Bernie is doing the same thing. These idiots think free means free. Taxes are going to go up on everyone and they willingly swallow the hook.
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