"Billionaires Should Not Exist"

[PruePhillip]

Maybe the workers at Amazon wouldn't mind their boss being a billionaire if he'd pay them a living wage.

That's another matter, but yes, you are right.
In Australia yesterday the ABC media gave nearly four million
extra in bonuses to the executives, whilst firing more workers.

The PERCEPTION I have here is that we are taking money
away from middle class workers and giving it to our elites.
That's not good.

 

[PureX]

It is not true that people with a lot of money tend to work very hard?

No, it's not true. Some people work hard, others do not. But the people who work the hardest tend to be those who get paid the least for their labor. Obviously, as they have to labor longer to gain a survivable income. Investing excess wealth in other people's labor so as to gain a profit from it is not productive "work". If it's work at all, it's parasitical work, as it produces nothing but more excess wealth for the investor based on the actual labor of others.

Spread it evenly and only government can undertake large scale projects.

The government is supposed to undertake the big projects that society needs but that no individual or business could undertake on their own. It's one of the reasons that we form governments and pay taxes.

I wrote what I did to someone who might benefit from understanding my pov. You seem too devoted to force fitting everything to your ideology.

And you think anyone who doesn't spout the dogma that suits you doesn't know what their saying. Yet you're never actually able to refute anything I post.

 

[Heyo]

It is not true that people with a lot of money tend
to work very hard?

Yes. People with a lot of money don't work at all. They "let their money work for them". And pay less taxes on the gains of "their money working" than people who work themselves for a living.

I must say here, that you've no experience in such things
and have no freakin' idea what you are talking about.

You did study economics then?

Spread it evenly and only government can undertake
large scale projects. Speaking of parasites, the
biggest and most pernicious ever!

Nobody wants to "spread it evenly". That is a black and white fallacy.

I wrote what I did to someone who might benefit from
understanding my pov. You seem too devoted to
force fitting everything to your ideology.

Let's see if I understand your point of view. (And if you know what you are really advocating for.)

You say you don't want to tax people who work hard for their money over due. What would you say about a 100% tax on inheritance? Money inherited is not earned.

What would you say about taxing capital gains, interests and rent at a higher rate than income? Money that is just piled on other money is not earned.

Do you agree that progressive taxes are a good thing?

If you do, aren't tax brackets anachronistic? We have computers now and could implement a gliding tax rate based on a logarithmic formula. E.g. the tax rate rises three percent points for every doublling of the income. Would that be fair?

 

[Shad]

Earnings are based on merits of labor. There is no equivalent labor exchange you could possibly do to earn a billion dollars.

Assertion. You are merely projecting your subjective view as an objective fact.

Aka, it's not possible to earn a billion dollars, it is possible to steal it.

Wrong and another assertion. See above.

 

[Shad]

No, it's not true. Some people work hard, others do not. But the people who work the hardest tend to be those who get paid the least for their labor. Obviously, as they have to labor longer to gain a survivable income. Investing excess wealth in other people's labor so as to gain a profit from it is not productive "work". If it's work at all, it's parasitical work, as it produces nothing but more excess wealth for the investor based on the actual labor of others.

You can dig ditches for 50 years but you are still digging ditches in the end.

You do not know what an investor does and the function of is do you?

 

[Audie]

No, it's not true. Some people work hard, others do not. But the people who work the hardest tend to be those who get paid the least for their labor. Obviously, as they have to labor longer to gain a survivable income. Investing excess wealth in other people's labor so as to gain a profit from it is not productive "work". If it's work at all, it's parasitical work, as it produces nothing but more excess wealth for the investor based on the actual labor of others.
The government is supposed to undertake the big projects that society needs but that no individual or business could undertake on their own. It's one of the reasons that we form governments and pay taxes.
And you think anyone who doesn't spout the dogma that suits you doesn't know what their saying. Yet you're never actually able to refute anything I post.

So I dont suppose you have any actual numbers
for your "not true".

Some very hard workers earn little; others who work
smart and hard earn more; some do this and some
do that. So....?

Investing in construction projects is parasitical?
Produces nothing?
Crazy talk!


Of course there are projects like say, aircraft carriers
that are only suitable as gov't work.

But we see that private enterprise seems to do better
than NASA as heavy lift rockets.
Governments tend to be very inefficient and wasteful
of the money they take from citizens on the implied
basis that they will be good fiduciaries.

Making up things about my "dogma" will not erase
your lack of familiarity with what you are trying
to talk about nor lessen the dogmatic nature
of your polemics.

Refuting what you post (ideology) is like trying
to refute creationism, or, the Maoism that
my uncle still spouts.

 

[Audie]

Yes. People with a lot of money don't work at all. They "let their money work for them".

This is enough for now.

Members of my extended family clawed their way
out of the devastation of WW2 and have built
a considerable fortune.

True, among them are now some TaiTai who
are idle. Some men want fat lazy wives.

But other than that, the one with the most
money are precisely the ones who work hardest,
and whose fathers did the same.

They let their "money work for them" only in the sense
that you must have money to make money.

Same principle whether you have a lemonade stand
or a mega corporation.

That is my family. Of course, there are people
who live off their inheritance. After a while, there
is no inheritance to pass on. May take a generation
or two, but, it will evaporate.

 

[Valjean]

Sorry-ah, but speaking as one who is involved in such
investments, I can tell you that you may want to get
that loan and say it is "viable" but unless you come in
with money, it is not going to happen.

Cooperatives? Seriously?

What's wrong with co-ops?