How capitalism works?

Jarod

Jarod

Well-known member
Contributor
I live in an expensive neighborhood, my house is one of the less expensive ones.


One of my neighbors works an hourly salary job as a manager in a small golf store, his wife doesn’t work outside the home. They live on the water in a recently purchased 4.5 million dollar home.

Another couple I know in an even more expensive home work at the Apple Store and the wife as a nurse.

These are honorable professions, but they clearly do not pay even the mortgage on these homes that tend to increase im value by more than the Dow. They clearly have generational family money…the equity increase in their homes is higher than the average salary or the majority of Americans.

The result is that a very hard working family in valuable jobs such as EMS, or police officer will never improve their situation with hard work.

Our system of perpetuating generational wealth for hundreds years voids the basic principles of Capitalism. Yet, working class Republicans fight tooth and nail to keep taxes low on those living the high life by no merit of their own.
 
Jarod said:
I live in an expensive neighborhood, my house is one of the less expensive ones.


One of my neighbors works an hourly salary job as a manager in a small golf store, his wife doesn’t work outside the home. They live on the water in a recently purchased 4.5 million dollar home.

Another couple I know in an even more expensive home work at the Apple Store and the wife as a nurse.

These are honorable professions, but they clearly do not pay even the mortgage on these homes that tend to increase im value by more than the Dow. They clearly have generational family money…the equity increase in their homes is higher than the average salary or the majority of Americans.

The result is that a very hard working family in valuable jobs such as EMS, or police officer will never improve their situation with hard work.

Our system of perpetuating generational wealth for hundreds years voids the basic principles of Capitalism. Yet, working class Republicans fight tooth and nail to keep taxes low on those living the high life by no merit of their own.
Click to expand...

Why would working class people vote Republican!
 
Jarod said:
I live in an expensive neighborhood, my house is one of the less expensive ones.


One of my neighbors works an hourly salary job as a manager in a small golf store, his wife doesn’t work outside the home. They live on the water in a recently purchased 4.5 million dollar home.

Another couple I know in an even more expensive home work at the Apple Store and the wife as a nurse.

These are honorable professions, but they clearly do not pay even the mortgage on these homes that tend to increase im value by more than the Dow. They clearly have generational family money…the equity increase in their homes is higher than the average salary or the majority of Americans.

The result is that a very hard working family in valuable jobs such as EMS, or police officer will never improve their situation with hard work.

Our system of perpetuating generational wealth for hundreds years voids the basic principles of Capitalism. Yet, working class Republicans fight tooth and nail to keep taxes low on those living the high life by no merit of their own.
Click to expand...

a good way to stop bifurcation of society is to stop keynesian economics and, consequently, fiat currency banker/fascist totalitarianism.
 
AssHatZombie said:
which word dont you understand?

look up the words separately and combine those meanings to form a thought in your head.

these are instructions on reading basically. you seem to have a problem.
:truestory:
Click to expand...

Maybe he hasn't read as much Ayn Rand as you have. You probably like really shitty literature.
 
Perry Phimosis said:
Just got to any Objectivist or Libertarian site, you'll be able to tease out the meaning.
Click to expand...




Oh you mean the people who do the short bus school of economics called the Austrian school



The one that tries to do economics without math



Why do they deny all the math other schools of economics do?


Because it proves them utter failures in the field
 
Jarod said:
I live in an expensive neighborhood, my house is one of the less expensive ones.


One of my neighbors works an hourly salary job as a manager in a small golf store, his wife doesn’t work outside the home. They live on the water in a recently purchased 4.5 million dollar home.

Another couple I know in an even more expensive home work at the Apple Store and the wife as a nurse.

These are honorable professions, but they clearly do not pay even the mortgage on these homes that tend to increase im value by more than the Dow. They clearly have generational family money…the equity increase in their homes is higher than the average salary or the majority of Americans.

The result is that a very hard working family in valuable jobs such as EMS, or police officer will never improve their situation with hard work.

Our system of perpetuating generational wealth for hundreds years voids the basic principles of Capitalism. Yet, working class Republicans fight tooth and nail to keep taxes low on those living the high life by no merit of their own.
Click to expand...

I strongly disagree with most other liberals on the inheritance tax, or on the notion that accumulated family wealth is a bad thing.
I personally live a lifestyle incompatible with my own ability to generate wealth,
so the ability to do so is what makes life worth living to me.

My fellow liberals go completely off the track when they think in terms of unnecessary economic ceilings rather than necessary economic floors.

Further, it's quite clear that wealth can be and is generated from scratch as technology evolves,
and that acquired generational wealth also dissipates with time.

One other thing. If some measure of inheritance tax needs to be applied, it should only kick in when assets are liquidated to cash.
If inheritors want to keep things like businesses or mansions, or art collections or whatnot intact, they should be able to do so.
If they want to liquidate them for cash, then some reasonable tax might be applied.
 
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