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. #71
    Mixed Government advocate
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    I love how people mouth off over the internet. What you said here is something you could only get away with given the anonymity of the internet.
    you have chosen Libertarian - Right , by what you have stated, that position is not possible.

  2. #72
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    Re: The Wealth Gap

    Quote Originally Posted by ernst barkmann View Post
    you have chosen Libertarian - Right , by what you have stated, that position is not possible.
    Anything is possible if you try hard enough.

  3. #73
    Dungeon Master
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    Anything is possible if you try hard enough.
    Or it's simply a lie.
    The greatness of a nation and its moral progress can be judged by the way its animals are treated.
    Mahatma Gandhi


  4. #74
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    Anything is possible if you try hard enough.
    sorry no, if you hold a libertarian position, then you respect property of every sort.....money is property and its the duty of government, to secure the right of property of the people.

  5. #75
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    Re: The Wealth Gap

    Quote Originally Posted by X Factor View Post
    Or it's simply a lie.
    I would tell you if I were lying, I promise

  6. #76
    warrior of the wetlands
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    Re: The Wealth Gap

    Quote Originally Posted by Peter Grimm View Post
    I love how people mouth off over the internet. What you said here is something you could only get away with given the anonymity of the internet.
    I am not a billionaire and I don't worry about your anti rich rants

    so what was I going to say?

    but you are no right leaning libertarian. No R-L would ever support the government having the power to confiscate wealth



  7. #77
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    Re: The Wealth Gap

    Quote Originally Posted by TurtleDude View Post
    I am not a billionaire and I don't worry about your anti rich rants

    so what was I going to say?

    but you are no right leaning libertarian. No R-L would ever support the government having the power to confiscate wealth
    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.

  8. #78
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    Re: The Wealth Gap

    Quote Originally Posted by lizzie View Post
    It doesn't matter either way to me. The economy isn't a zero-sum game, and the fact that one individual has millions of dollars doesn't mean that others have less than they would have had otherwise.
    Yes and no. Wealth is finite. But we can create more of it over time. So the growth of wealth is not a zero-sum game, but the particular distribution of the total wealth at any given time is a zero-sum game.

    You can visualize our total aggregate wealth as a pie that we can expand over time. Everybody controls a piece of that pie. 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. In case A) your increase necessarily means that someone else's piece must shrink. In case B) your increase does not mean someone else's piece must necessarily shrink.

    In a complex modern economy it's virtually impossible to determine if any particular person's income is a result of case A or case B. Probably it's almost always a mixture of the two. Certain types of work lean more one way than the other.

  9. #79
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    Re: The Wealth Gap

    Quote Originally Posted by the_recruit View Post
    Wealth is finite.
    If wealth is finite and if we agree that there is a lot of wealth inequality in the world today, then imagine how awful the wealth inequality was during the Roman Era. All of that finite wealth spread amongst fewer people alive during that era and with only a few wealthy people, those guys must have each been as wealthy as Croesus.

  10. #80
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    Re: The Wealth Gap

    Quote Originally Posted by ernst barkmann View Post
    true, but people who sit around see wealth as a single pie, with only so much pie to go around, therefore if you have more of the pie then anyone else, its not fair to them.

    others see the ability to create as many pies as we want, therefore everyone has the opportunity to earn as big a slice of the pie as they dream.
    Yes, we can grow the pie. But it's just naive wishful thinking to say that we grow the pie at any rate we want. Look at history. There exist very real practical constraints on how quickly we can expand our overall wealth and standards of living.

    Currently, not everyone in the world can spend their days living like a playboy billionaire touring the Caribbean on a personal yacht and jetskis. There simply isn't enough wealth to go around for everyone to do that. Nowhere near enough. Even if all the lazy, unmotivated parasites miraculously woke up tomorrow and got their act together. To maintain our standard of living we still need people to spend their days planting corn, collecting garbage, riveting aircraft wings, designing bridges, injecting IVs, etc etc. We have a very long ways to go before there's enough pie for everyone to have as much as they want.

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