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. #111
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    Re: The Wealth Gap

    Quote Originally Posted by Geoist View Post
    Then why are you defending the market we have and what results from it?
    Look, Im all for a free market but this is what we have right now. And the alternative, which is to tax the hell out of the rich to give to the poor is something I am totally against.

  2. #112
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    Re: The Wealth Gap

    Quote Originally Posted by PoS View Post
    Look, Im all for a free market but this is what we have right now.
    So? It is not your child. Nothing is forcing you to love and defend it.


    And the alternative, which is to tax the hell out of the rich to give to the poor is something I am totally against.
    That is hardly the only alternative. There are many (non-vulgar) libertarian solutions. I just get tired of 'libertarians' defending our current market when it is nothing close to freed.
    "Men did not make the earth ... it is the value of the improvement only, and not the earth itself, that is individual property... Every proprietor owes to the community a ground rent for the land which he holds." -- Thomas Paine, Agrarian Justice
    http://www.wealthandwant.com/

  3. #113
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    The Wealth Gap

    Quote Originally Posted by grip View Post
    The other wealth gap

    "From an economic perspective, the most dramatic wealth gap is between middling millionaires, who have seen only modest gains, and the booming billionaires, who now seem to defy economic gravity. It's between the guy making $300,000, who still feels poor, and the man who made $37 million a day for a year. Both are lumped together by politicians, the media and even economists as "the rich" or "the 1 percent," who are gaining at the expense of everyone else.


    The big winners are those in the top 0.01 percent. These folks, who have a net worth of more than $100 million. How are they doing it? The top 0.01 percent are stock-market winnersóCEOs, bankers, entrepreneursówho are riding financial markets to outsize gains. The rest of the top 1 percent are often mere wage earners."



    Does this matter in your opinion of who's really "leveraging" the system in their favor?

    I'm not getting into whether.. it's fair or not.. to be able to use your incredible wealth ($1 billion+) to manipulate markets, but rather> do you see a difference in the gaps?
    The fewer avenues the average joe has to be a part of the decision making for his society that he finds the more likely he is to become radicalized. This is a pattern continually repeated throughout society.

    I don't care if it's fair or not and it probably is. It's just dangerous and destabilizing. Nobody wins in this environment in the long run, not even the rich guys.

    This is the basis if my opposition. I don't have to have to live through revolution, riots, etcetera. We can debate the morality of it until the cows come home, but the fact is human nature won't change and hasn't changed and the cycle tends to repeat itself.

  4. #114
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    Re: The Wealth Gap

    Quote Originally Posted by tacomancer View Post
    The fewer avenues the average joe has to be a part of the decision making for his society that he finds the more likely he is to become radicalized. This is a pattern continually repeated throughout society.

    I don't care if it's fair or not and it probably is. It's just dangerous and destabilizing. Nobody wins in this environment in the long run, not even the rich guys.

    This is the basis if my opposition. I don't have to have to live through revolution, riots, etcetera. We can debate the morality of it until the cows come home, but the fact is human nature won't change and hasn't changed and the cycle tends to repeat itself.
    This is an astute comparison of what has, historically, happened in the past. The wealthy, elite, controlling class, ultimately, measure everything by factors, not involving the human value as the highest. If we are to have a simple metric by which to govern society, it's thru our laws, values, ethics and traditional standards that equate into rights. These notions are being changed and subverted, so that the boundary lines are being moved to suit those whom have special interests.

    There will probably be an eventual series of financial catastrophe's- coinciding with global conflicts that lead to large swaths of societal dysfunction and contraction. Meaning the evolution of the species, even though the crap will hit the fan.
    Einstein, "science without religion is lame, religion without science is blind."

  5. #115
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    The Wealth Gap

    Quote Originally Posted by grip View Post
    This is an astute comparison of what has, historically, happened in the past. The wealthy, elite, controlling class, ultimately, measure everything by factors, not involving the human value as the highest. If we are to have a simple metric by which to govern society, it's thru our laws, values, ethics and traditional standards that equate into rights. These notions are being changed and subverted, so that the boundary lines are being moved to suit those whom have special interests.

    There will probably be an eventual series of financial catastrophe's- coinciding with global conflicts that lead to large swaths of societal dysfunction and contraction. Meaning the evolution of the species, even though the crap will hit the fan.
    There are multiple themes which can signal the downfall of a society and wealth disparity is one of them. Some others can include too large a military, over sophistication and expense of societal systems, and a loss if a sense of community. This country is rife with all that.

    We are slashing and burning our culture for profit, essentially.

    But I agree you may be right. The stakes are global this time and consequences are unforeseen.

    If you listen to the arguments of the conservatives and liberals here. They each see a piece of the whole but are too busy infighting to fix it and pull us back from the brink
    Last edited by tacomancer; 04-08-14 at 04:42 PM.

  6. #116
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    Re: The Wealth Gap

    Quote Originally Posted by tacomancer View Post
    There are multiple themes which can signal the downfall of a society and wealth disparity is one of them. Some others can include too large a military, over sophistication and expense of societal systems, and a loss if a sense of community. This country is rife with all that.

    We are slashing and burning our culture for profit, essentially.

    But I agree you may be right. The stakes are global this time and consequences are unforeseen.

    If you listen to the arguments of the conservatives and liberals here. They each see a piece of the whole but are too busy infighting to fix it and pull us back from the brink
    I see a trending problem that has not existed before and that's the intentional growth of the global population, to increase the world economies size and profitability. The 'powers that be' have purposely built our current economies on a growth formula that is unsustainable, because of natural resources and structural problems supplying the needs of the many.

    And you are right that the two or mulitple distinguishing ideologies (parties) are blinded to this reality, thinking they can fight for what's left of the pie, without facing the overall ramifications that the whole system is in danger.
    Einstein, "science without religion is lame, religion without science is blind."

  7. #117
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    Re: The Wealth Gap

    Quote Originally Posted by PoS View Post
    Look, Im all for a free market but this is what we have right now. And the alternative, which is to tax the hell out of the rich to give to the poor is something I am totally against.
    There is a second methodology for progressive taxation.

    One that encourages "leaving fruit on the vine" by promising to take such a large chunk of income over a certain level that they let someone else make what would have been that second ten million dollars (or whatever).

    Deterrent in other words. No money for "parasites" at all unless the "taxee" chooses to go for that second ten million.
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

  8. #118
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    Re: The Wealth Gap

    I don't think anybody is "too wealthy" however I'm beginning to think my preferred economic model is capitalism but where all employes are also allowed to become stock holders over time as the company expands.
    Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011

  9. #119
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    Re: The Wealth Gap

    Quote Originally Posted by DDD View Post
    Thought you were from Dallas?

    Also, what do you propose it should be done with the aristocrats?
    I live in Dallas Texas, yes. It's very nice here especially this time of year. I was born in Sweden, even though my dad is from Italy, so I actually have two passports.

    What I think we should do about billionaires is add a top tax bracket that is 100% on income, and also we should have a land tax.

  10. #120
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    Re: The Wealth Gap

    Quote Originally Posted by Smeagol View Post
    I don't think anybody is "too wealthy" however I'm beginning to think my preferred economic model is capitalism but where all employes are also allowed to become stock holders over time as the company expands.
    There's nothing stopping people from doing this now. In fact, the largest classes of shareholders in America are mutual funds and pension funds. They far outstrip wealthy individuals.

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