How capitalism works?

Flash said:
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.
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It is the battle. Roosevelt saw the dangers from the inside, he was a very rich man from a wealthy family and passed the inheritance taxes. Since then the wealthy have fought like hell to get rid of it. You know why they want it gone. I cannot understand why the average guy wants to build an aristocracy.
That is not what they do with their money. They buy politicians, lawyers and other powerful people to help them live even better and more powerfully. Look at what Kochs do with their money. They are doing great damage. The rich never have enough money or power. https://www.cbpp.org/research/feder...ey that,would otherwise go completely untaxed.
 
AssHatZombie said:
it's the modern libertarians general inability to identify fascism, the harms of fiat currency, or blame corporations for anything in any way.
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WRONG. Libertarians specifically call for an end to fiat currency and the inflation it depends on, and specifically call for an end of government interference in any way with markets.
AssHatZombie said:
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.
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The federal government does have authority to tell a private company not to censor based on a given criteria. That does NOT violate the 1st amendment. Here the Libertarian party is wrong.
The 1st amendment prevents the federal government from passing any law requiring censorship in any way.
 
Nordberg said:
The point is generational multi-millionaires are not just benign people enjoying what is passed on.
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Why should they be?
Nordberg said:
They are changing laws and regulations to make them richer.
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You have a problem with that?
Nordberg said:
They buy politicians.
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So do Democrats.
Nordberg said:
They, as the Kochs do, give huge amounts of money to universities, but they determine the curriculum and who teaches.
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Better than the crap the Democrats want universities to teach.
Nordberg said:
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
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Speaking for the dead now?
Nordberg said:
The Kochs are from the line that started the John Birch society.
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The Koch brothers did not start the John Birch society. The organization was very conservative, and advocated removing socialists from government and breaking any ties with Russia.
Nordberg said:
They have used their money and power to shape America as they see it.
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Mostly they use their money to make more money. You seem to have a problem with that and with rich people in general.

You are just showing your own avarice and whining about your low wages.
 
Nordberg said:
It is the battle. Roosevelt saw the dangers from the inside, he was a very rich man from a wealthy family and passed the inheritance taxes. Since then the wealthy have fought like hell to get rid of it. You know why they want it gone. I cannot understand why the average guy wants to build an aristocracy.
That is not what they do with their money. They buy politicians, lawyers and other powerful people to help them live even better and more powerfully. Look at what Kochs do with their money. They are doing great damage. The rich never have enough money or power. https://www.cbpp.org/research/feder...ey that,would otherwise go completely untaxed.
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What damage?
You can't understand why someone wants to be rich? Even when showing your own avarice?
 
Flash said:
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.
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Roosevelt passed the inheritance tax for that exact reason. https://www.usnews.com/opinion/articles/2016-09-08/americas-second-best-idea-the-estate-tax You can have a terrible wealth gap or democracy, but you cannot have both.
 
Nordberg said:
It is the battle. Roosevelt saw the dangers from the inside, he was a very rich man from a wealthy family and passed the inheritance taxes. Since then the wealthy have fought like hell to get rid of it. You know why they want it gone. I cannot understand why the average guy wants to build an aristocracy.
That is not what they do with their money. They buy politicians, lawyers and other powerful people to help them live even better and more powerfully. Look at what Kochs do with their money. They are doing great damage. The rich never have enough money or power. https://www.cbpp.org/research/feder...ey that,would otherwise go completely untaxed.
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Soros does the same thing on the radical Left.

Aside from that, The Rich will find a way to avoid onerous government taxes or confiscation of their wealth. They always have, and always will. Inheritance taxes don't generally work because those that would have to pay them find a way not to. They create living trusts, corporations, or other structures to get around the tax. They put property and wealth in the name of the inheritor(s) such that the next generation doesn't "inherit" it but simply takes the name of the deceased off the account.

There are all sorts of ways to avoid paying inheritance tax, and the more government tries to make people pay, the harder they'll try to avoid it.
 
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.
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Why do you keep doing this? You're fucking lying and everyone knows it.

You don't live in an expensive neighborhood. You don't have a neighbor working an hourly job living in a $4.5M house.

You made no case whatsoever against families passing down wealth...unless we accept the bullshit story you told.

And, fuck the police, I don't care if they're OK, and you shouldn't either.

 
Nordberg said:
It is the battle. Roosevelt saw the dangers from the inside, he was a very rich man from a wealthy family and passed the inheritance taxes. Since then the wealthy have fought like hell to get rid of it. You know why they want it gone. I cannot understand why the average guy wants to build an aristocracy.
That is not what they do with their money. They buy politicians, lawyers and other powerful people to help them live even better and more powerfully. Look at what Kochs do with their money. They are doing great damage. The rich never have enough money or power. https://www.cbpp.org/research/feder...ey that,would otherwise go completely untaxed.
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I disagree with most of this because it only tells part of the story and omits most of the positive benefits.

However, the point I made earlier was that if your description is accurate and the rich buy politicians to improve their position, then any inheritance taxes they collect will also go to benefit the wealthy because they control government. We should not want government getting more revenue because it will all go to the upper income (if we accept your description).
 
Life is not fair. So, we all better understand this first and start getting used to it. The first time as a child that I got beat up by a bully in the neighborhood, I went running home, and told my dad, He told me then that life is not fair, and I better start getting used to it. Of course my Dad went straight to the kid's father and warned him, if this ever happens again, him and his son will be dealing with the police and our attorneys! The man took his son into the house and gave him the whipping of his life!

But, the lesson I learned from my Dad about life not being fair registered to me and I felt fortunate that I was able to understand that early in life.

Money is essential, because even the key essentials to life cost money in today's world. Clean water is not even free.

But money can only go so far in creating happiness and contentedness.

Some of the richest people on Earth are some of the most unhappy and malcontent among us.

Even if you were a millionaire, you can lose everything you own overnight.

My Father passed away about 31 years ago. He gave me a very valuable thought on his dying bed, that I have carried with me to this very day.

He told me, "Son, if you have your health, you are already one of the richest men on Earth- For even If I were the richest man on Earth, no amount of money is going to save me from this cancer that is killing me now". He died a couple of days after that.

My Grandmother and my Grandfather who came from a family of Cotton Farm workers, and bettered their lives through hard work, used to tell me, "When adversity comes, take it all out in hard work."

So, instead of living life feeling inferior to others because of money, and like I was born on the wrong side of the tracks, I have more-or-less tried to keep my self healthy, mentally and physically, and just worked hard all my life in everything I do, as priority one and two!
 
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Geeko Sportivo said:
Life is not fair. So, we all better understand this first and start getting used to it. The first time as a child that I got beat up by a bully in the neighborhood, I went running home, and told my dad, He told me then that life is not fair, and I better start getting used to it. Of course my Dad went straight to the kid's father and warned him, if this ever happens again, him and his son will be dealing with the police and our attorneys! The man took his son into the house and gave him the whipping of his life!

But, the lesson I learned from my Dad about life not being fair registered to me and I felt fortunate that I was able to understand that early in life.

Money is essential, because even the key essentials to life cost money in today's world. Clean water is not even free.

But money can only go so far in creating happiness and contentedness.

Some of the richest people on Earth are some of the most unhappy and malcontent among us.

Even if you were a millionaire, you can lose everything you own overnight.

My Father passed away about 31 years ago. He gave me a very valuable thought on his dying bed, that I have carried with me to this very day.

He told me, "Son, if you have your health, you are already one of the richest men on Earth- For even If I were the richest man on Earth, no amount of money is going to save me from this cancer that is killing me now". He died a couple of days after that.

My Grandmother and my Grandfather who came from a family of Cotton Farm workers, and bettered their lives through hard work, used to tell me, "When adversity comes, take it all out in hard work."

So, instead of living life feeling inferior to others because of money, and like I was born on the wrong side of the tracks, I have more-or-less tried to keep my self healthy, mentally and physically, and just worked hard all my life in everything I do, as priority one and two!
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It’s not about fairness, it’s about creating a system that works better and makes our nation and culture stronger.
 
Yakuda said:
No because there are too many pussies like you. You want the perks not the work
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LOL. You really hated driving in on the public roads and drinking from the public water supply today? Is it REALLY hard knowing that laws are in place to keep you safe in the workplace? How much do you HATE the fact that it's hard to poison your kids accidentally by lax oversight of food and drug purity?

I feel for ya, buddy. It's hard being an American because of all the pussies around. They aren't MANLY MEN like you...men who LIVE to ingest cancer causing things. MEN who don't mind a couple of their crotch-fruit keeling over with horrific brain damage due to toxic waste left over and untreated!

You are a REAL MAN!
 
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