re: Do socialists think that billionaires stole their money?

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Oh, I got it now... Your position is that nobody actually owns the land... WOW, you are a fricking idiot...

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What is your philosophy on how ownership of property is obtained?

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Why are you treating land ownership as a monopoly? Explain this.

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"The rent of land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price. It is not at all proportioned to what the landlord may have laid out upon the improvement of the land, or to what he can afford to take; but to what the farmer can afford to give." — Adam Smith, "Wealth of Nations"

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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.

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Yes Ralph, I’m sure if you invented some wonderful product, you’d pay your employees incredible salaries and be satisfied making the same amount as they do, despite being the creator, owner and CEO of the company and assuming all of the risks.

You’re such a fricking loser.

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Oh, I got it now... Your position is that nobody actually owns the land... WOW, you are a fricking idiot...

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He changed his position, because his first position was retarded.

These people have zero understanding of basic economic principles.

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It's possible to do well by playing by the rules, but billionaires? They don't play by the rules.

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Which rules did Larry Page and Sergey Brin break? Issuing Class B stock to hold onto control when they went public?

Which rules did Bill Gates and Paul Allen break? Being ruthless competitors?

Or maybe you are talking about some kind of imaginary social contract that they broke?

Sorry you are mediocre. I am, too, but that is really on us.

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Sure. But who do you respect more. The person that built the wealth or the person that inherited it?

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Showing that broke mindset of yours and how pathetic you are

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I am clearly asking you to justify how the original deed came into existence.

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So, you are wanting me to go all the way back to God giving Israel the promised land and moving forward or what?

Land has been traded in this country for long enough that your bullshite "who owned it first" has absolutely no meaning in modern economics...

One of the 7 deadly sins is ENVY. So there you have it.

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"The rent of land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price. It is not at all proportioned to what the landlord may have laid out upon the improvement of the land, or to what he can afford to take; but to what the farmer can afford to give." — Adam Smith, "Wealth of Nations"

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Is this your belief, or just something you heard and you liked? Explain what he means by "a monopoly price". Calling land ownership a monopoly is rather short sided, honestly. If one owns land, yes they do set the terms for rental. That is not monopolistic. They have rights to set the terms however they see fit, in America (we are talking america, not Scotland). So if i own a piece of land, and i believe it to be priced $20/sf, then i have every right to set that price point. It's no different than other goods and services. However, if that price point is more than the surrounding land parcels, then in a free market society, you have the right to rent elsewhere. And if i continue with my high rent costs, i will suffer financially, if someone isn't willing to pay that amount.

That is not a monopoly. Smith may have been limited in his economic theory by the era, location, and government he drew from for experience. Modern day free market exchange of goods and services do not reflect land ownership in America as a "monopoly", unless one owns "all of the land" in a given area. Even then, people are free to locate throughout our country, as they see fit.