View Poll Results: Does it matter Millionaire - Billionaire?

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  • No, they're both too wealthy.

    6 11.76%
  • Yes, it's a big difference.

    32 62.75%
  • Don't care, got mine.

    4 7.84%
  • Peanut butter.

    9 17.65%
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Thread: The Wealth Gap

  1. #91
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    What makes America great is that it's a land of opportunity where anyone can make it. Rags to riches. You are losing that.
    If mostly Europeans started out equally in USA and some made it to be billionaires then that is a successful story built on merit. Now I understand your positions that accumulated money build on merit too may be converted to inherited wealth which may then equal aristocracy and alas "societies cancer."

    But since they made it on merit on what grounds would one want their wealth distributed to the rest in order to stop further accumulation of inherited money?
    Quote Originally Posted by poweRob View Post
    Stats come out and always show life getting better. News makes money in making you think its not.
    The Republic of Dardania is the proper name for: http://www.debatepolitics.com/europe...ification.html

  2. #92
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    Re: The Wealth Gap

    Quote Originally Posted by cpwill View Post
    When you start legislating buying and selling, the first things bought and sold will be legislators. If you want to get the business out of government, you have to first get the government out of business.
    Out of education too.
    Quote Originally Posted by poweRob View Post
    Stats come out and always show life getting better. News makes money in making you think its not.
    The Republic of Dardania is the proper name for: http://www.debatepolitics.com/europe...ification.html

  3. #93
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    Re: The Wealth Gap

    Quote Originally Posted by Geoist View Post
    Your assumption is that because wealth can be created, then it must infinite. The problem is that wealth has to come from a resource that is not infinite. This is most obvious in the property market where the supply of land is fixed.

    Furthermore, if you oppose the Federal Reserve like 99% libertarians, you'd realize how silly your claim is. That money is based on debt and the People become poorer because of it.
    Hush now, you are making everyone aware that the currency used in circulation is printed infinitely and does not has the same value with gold as it use to. Let people dream some more.
    Quote Originally Posted by poweRob View Post
    Stats come out and always show life getting better. News makes money in making you think its not.
    The Republic of Dardania is the proper name for: http://www.debatepolitics.com/europe...ification.html

  4. #94
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    No human being on earth needs to have a billion dollars. That's a flaw in our system that we even have that.
    What to do about this flaw is what I am getting at?
    Quote Originally Posted by poweRob View Post
    Stats come out and always show life getting better. News makes money in making you think its not.
    The Republic of Dardania is the proper name for: http://www.debatepolitics.com/europe...ification.html

  5. #95
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    Re: The Wealth Gap

    Quote Originally Posted by Geoist View Post
    I never argued that wealth cannot be created. My argument is since resources are finite then wealth is finite.
    Resources are finite but currency is not. Currency/money that most people race for is printed and can be printed infinitely.

    Yes money use to run through debt. But I think after 70 trillion dollars of debt too now become a surreal issue.
    Quote Originally Posted by poweRob View Post
    Stats come out and always show life getting better. News makes money in making you think its not.
    The Republic of Dardania is the proper name for: http://www.debatepolitics.com/europe...ification.html

  6. #96
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    That's right, I'm all for millionaires. I'm all for the guy that owns his own business, works hard, and wants to buy a beamer and a rolex and live in a nice house. When you start getting up to a billion that's just excessive. Nobody needs their own island and private helicopter. That kind of wealth is not natural and it is seldom earned.

    But the more interesting question you asked was whether the government should have the power to confiscate wealth. Actually, they do it every day in the form of taxes. I know because I just filed mine.

    It seems to me that the power of taxation is one of those things bestowed upon really any government.
    a government that would take every penny someone has past a certain amount should be overthrown



  7. #97
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    Nobody should be allowed to have a billion dollars. We need an upper-upper tax bracket of 100%.
    You are probably correct as that much currency would be difficult to store and create an undue burden on government to create all those bills. Now if people have assets that by some means a value is determined, then that isn't their fault.

  8. #98
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    Re: The Wealth Gap

    Quote Originally Posted by Juanita View Post
    How exactly can you achieve power without wealth?
    Seriously??? Politics baby. You can have great political power with little real wealth.
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

  9. #99
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    Re: The Wealth Gap

    My first thought is "no". I always perceived most critiques of the wealth gap to revolve around the people on the short end of the stick: The ones who barely have enough to get by and have little to spend when it comes to leisure. This doesn't really apply to millionaires.
    ( ͡ ͜ʖ ͡)

  10. #100
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    Re: The Wealth Gap

    Quote Originally Posted by the_recruit View Post
    There are two ways to increase the size of the piece that you control. Either A) you carve a larger piece for yourself by taking some of the pie that had previously belonged to your neighbors or you B) add some more dough and blueberries and claim that addition for yourself
    Or C, someone VOLUNTARILY gives you part of their piece by paying you for goods and services, or VOLUNTARILY supplying you with labor in exchange for wages.
    If you expect people to be rational, you aren't being rational.

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