How capitalism works?

[Nordberg]

Making huge money is nothing but drive and initiative. That is true for people starting from both rich and poor. Stop whining about your low wage.

Nothing but? You simply say the dumbest shit.
It is obvious that you judge success by money. However many people become teachers and nurses because they want to serve the people. There are doctors who chose to work in inner-city ERs. However most rich people get family money and boosts. https://www.forbes.com/sites/kathar...g-the-ultra-rich-infographic/?sh=54160cb5b948

 

[T. A. Gardner]

Nothing but? You simply say the dumbest shit.
It is obvious that you judge success by money. However many people become teachers and nurses because they want to serve the people. There are doctors who chose to work in inner-city ERs. However most rich people get family money and boosts. https://www.forbes.com/sites/kathar...g-the-ultra-rich-infographic/?sh=54160cb5b948

Just a note on teachers... In the US roughly 85% of all teachers are women...

On inherited wealth, about 70% of generational wealth transfer results in the next generation spending it and going relatively broke. By two generations it's closer to 90%. Most wealth is made in a single generation and lost within two afterwards. The small portion that manage to grow it are an exception, not the rule.

 

[Nordberg]

Just a note on teachers... In the US roughly 85% of all teachers are women...

On inherited wealth, about 70% of generational wealth transfer results in the next generation spending it and going relatively broke. By two generations it's closer to 90%. Most wealth is made in a single generation and lost within two afterwards. The small portion that manage to grow it are an exception, not the rule.

https://www.theguardian.com/us-news...h-politics-america-100-richest-what-they-want
yet the powers behind the throne that Teddy Roosevelt and other presidents have grown steadily as has their powers. They do not show themselves in public, but they wield power.

 

[Into the Night]

I disagree


It’s Republican lies that do that


Fox News lies non stop to people

Lie.

 

[Into the Night]

Well, you have to have capitol in order to be a capitalist. Capitalism only works that way.

Nope. All you need is initiative and drive. That's how you CREATE capital. Anyone can play.

I've said it before and I'll say it again:

And you're still wrong.

We live in a competitive society with limited opportunities and resources.

Nope. You MAKE your own 'opportunities'.

The winners are divided; some only care about the losers because they know they need someone to maintain the infrastructure and caste/class system that serves them.

You are describing Democrats.

They grudgingly permit a welfare system and social security,

Communism doesn't work. You are describing Democrats.

but just the idea of someone beneath them is maintaining a living standard that is not directly under their (the ruling class, the job creators) thumb drives them crazy.

You are describing Democrats.

The other "winners" think just the opposite.

Which is why our political system is so corrupt.

You are describing Democrats.

And the band played on.

Cliche fallacy.

 

[Into the Night]

Capitalism 101

Big pharma buys the doctors and the media.
The media tells you we're all going to die if you don't get 4 jabs.
A lot of people who get the jabs end up sick or die, even those who were healthy.
Those who refuse to get the jabs lose their job then their house.
Big pharma, hospitals and doctors make a lot of money.

Not capitalism dude. That's fascism. It is government manipulation of markets and totalitarianism.

 

[Into the Night]

Nothing but?

That's what I said.

You simply say the dumbest shit.

Bulverism fallacy.

It is obvious that you judge success by money.

Nope. I judge people by their honesty, their willingness to support the Constitution and the constitution of their State, and their drive and initiative

However many people become teachers and nurses because they want to serve the people.

You don't become either without drive and initiative.

There are doctors who chose to work in inner-city ERs.

You don't become that without drive and initiative.

However most rich people get family money and boosts.

So? You do not have to come from a rich family to become rich.

 

[Truck Fump / h1b]

The oppression is real, but it doesn't represent a caste system.
It merely represents incompetent social management.
It represents capitalism with insufficient socialist moderation.

If capitalism and socialism don't work in well-balanced parallel,
as they don't in America--or North Korea, going the other way--
a socially regressive society is the only possible result.

you leave merit and hard work and innovation out completely. authoritarianism and crony capitalism both leave those out of the equation, thus, teeter tottering on that false dichotomy is just playing around in dumb-dumbville.

 

[Truck Fump / h1b]

And what plank of the Libertarian party describes this?

I realize you don't like the Libertarian party (I disagree with some of their principles also), but making shit up about them is not helping you.

it's the modern libertarians general inability to identify fascism, the harms of fiat currency, or blame corporations for anything in any way.



any person who claimed censorship was ok beause muh private corporation is a fake ass sold out bitch.

a lot of libertarians said that and fuck those guys.

 

[Truck Fump / h1b]

So let’s let inflation run rampant, that way the only to have money of any value is to earn it and spend it! If you hold onto it, too long, it becomes worthless

you're a fucking idiot.

 

[Truck Fump / h1b]

so typical, a lib sees the general flaw of their worldview in a flash of correctness and immediately flees back to clown world.

HONK! HONK!

 

[Truck Fump / h1b]

I need to tell you all about the time i smoked so much weed I thought I WAS Q for a couple hours.

 

[Truck Fump / h1b]

Huge money will always be the state of the lucky privileged unless we want to go to full-blown communism.
Huge money will come to the hugely gifted who are also hugely lucky.

With the proper balance of capitalism and socialism, however, a comfortable life should be a reasonable goal for any hardworking person.


We should be working on that a lot harder than we are, but a fiercely polarized nation like ours has problems getting things done.

This is the entire basis of my partitionist tendencies.

what do you mean by partitionist tendencies?

 

[Flash]

Nothing but? You simply say the dumbest shit.
It is obvious that you judge success by money. However many people become teachers and nurses because they want to serve the people. There are doctors who chose to work in inner-city ERs. However most rich people get family money and boosts. https://www.forbes.com/sites/kathar...g-the-ultra-rich-infographic/?sh=54160cb5b948

I don't think that article said most rich people inherit their money. The article said those ultra wealthy are more likely to pass their wealth on to the next generation. The people who inherit their money from wealthy parents do not make up most people who become wealthy.

There are over 22 million millionaires in the U. S. (8.8% of adults).

--only 3% of American millionaires received an inheritance of $1 million or more
--real estate makes up 40% of a typical millionaires net worth

https://finmasters.com/millionaire-statistics/#gref

Many with a net worth over $1 million consists of IRA, 401(k), 403(b) that accumulated during a 30-40 year working career.

I think the belief that most millionaires did not earn their money is part of a liberal tendency that does not want to credit people for what they have accomplished. If they are rich they must have inherited it or did something illegal or shady to earn it.

 

[Nordberg]

I don't think that article said most rich people inherit their money. The article said those ultra wealthy are more likely to pass their wealth on to the next generation. The people who inherit their money from wealthy parents do not make up most people who become wealthy.

There are over 22 million millionaires in the U. S. (8.8% of adults).

--only 3% of American millionaires received an inheritance of $1 million or more
--real estate makes up 40% of a typical millionaires net worth

https://finmasters.com/millionaire-statistics/#gref

Many with a net worth over $1 million consists of IRA, 401(k), 403(b) that accumulated during a 30-40 year working career.

I think the belief that most millionaires did not earn their money is part of a liberal tendency that does not want to credit people for what they have accomplished. If they are rich they must have inherited it or did something illegal or shady to earn it.

The point is generational multi-millionaires are not just benign people enjoying what is passed on. They are changing laws and regulations to make them richer. They buy politicians. They, as the Kochs do, give huge amounts of money to universities, but they determine the curriculum and who teaches. Teddy Roosevelt saw generational millionaires as a serious threat to the American system He said their money is different in kind. We are allowing an aristocracy to change the system in the dark. https://www.nytimes.com/2019/08/23/us/politics/david-koch-republican-politics.html
The Kochs are from the line that started the John Birch society. They have used their money and power to shape America as they see it.

 

[Flash]

The point is generational multi-millionaires are not just benign people enjoying what is passed on. They are changing laws and regulations to make them richer. They buy politicians. They, as the Kochs do, give huge amounts of money to universities, but they determine the curriculum and who teaches. Teddy Roosevelt saw generational millionaires as a serious threat to the American system He said their money is different in kind. We are allowing an aristocracy to change the system in the dark. https://www.nytimes.com/2019/08/23/us/politics/david-koch-republican-politics.html
The Kochs are from the line that started the John Birch society. They have used their money and power to shape America as they see it.

If those people control everything that means they also control the government. So if the government took a big hunk of inheritance they would control that also.

We don't need the government to take people's money just because we don't think they deserve to be rich. I haven't seen government make very wise use of the money they do collect. And if the wealthy are "buying politicians" the politicians will just use that money to benefit the wealthy. It is better going to their children who will spend it to create jobs that continue to benefit workers.

 

[Jarod]

you're a fucking idiot.

Brillant argument.

 

[Truck Fump / h1b]

Brillant argument.

ahh yes, the solution to inflation is just "make more money".......

listen to how dum u r?

 

[Jarod]

ahh yes, the solution to inflation is just "make more money".......

listen to how dum u r?

I did not say it was a solution to inflation. It could be a solution to stagnant wealth accumulation.

 

[Into the Night]

you leave merit and hard work and innovation out completely. authoritarianism and crony capitalism both leave those out of the equation, thus, teeter tottering on that false dichotomy is just playing around in dumb-dumbville.

Capitalism is neither authoritarianism nor crony. Anyone can play. You are right that he ignores the hard work and innovation in capitalism.