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Originally posted by infolurker
Everyone sells stuff for [color=gold] what they can get for it. Landlords rent for [color=gold] as much as they can get for their house, manufacturers sell items for [color=gold] whatever the market will bear. If everyone is a multi-millionaire, who is keeping the utilities working?
Originally posted by infolurker
reply to post by davidgrouchy
Not quite.
Lets go with an easy example - If McDonalds employees make $100.00 an hour, how much does a Big Mac now cost? Also, the cost of living in housing, etc would also shoot up to MATCH the average wage. Also, with the Chinese paying 1/10 the wages, there would now be no manufacturing jobs in the US at all as labor cost would now make it impossible to sell your goods anywhere.
Everything cost, and I mean everything costs what the market will bear. If average wages went up ten fold, the cost of living would shoot up to match. An example of this is YOU. You own a home that is worth 100K, well now everyone makes 10X what they did and you can sell your house for 1 million as there are now plenty of people who can afford it... are you going to sell your house for 1 million or 100k....... really.
Everyone sells stuff for what they can get for it. Landlords rent for as much as they can get for their house, manufacturers sell items for whatever the market will bear. If everyone is a multi-millionaire, who is keeping the utilities working?
The stats are in, and it's conclusive.
90% (I think, can't remember) of poeple who win the lottery
are worse off in ten/twenty years than before they won it.
They have aquired expensive tastes, but are now broke.
As opposed to actually having a financial manager come with the winnings,
the money is just dumped on them.
This way the rich can say to each other,
"see! You see what happens when we give them money!?"
Originally posted by boncho
Well, that's exactly why there are rich people and poor people. If people who can't control their spending are given more money every time it creates a problem. Government anyone?
We have had no increase in wealth for the lower 99% of the population in the last 20 years but prices have still doubled. Due to that lack of increase in wealth though, we produce less and less tangible goods in this country each year. We have the ability to increase supply drastically. so that an expansion of the money (not debt based) supply does not have to be infaltionary.
Originally posted by davidgrouchy
Originally posted by boncho
Well, that's exactly why there are rich people and poor people. If people who can't control their spending are given more money every time it creates a problem. Government anyone?
But I thought it was the Government in collusion with Corporations
that stopped the teaching of fiscal literacy in the schools.
David Grouchyedit on 30-8-2011 by davidgrouchy because: (no reason given)
Originally posted by davidgrouchy
I am disappointed that the "system" was unable
to bring more people to a higher standard of living,
Originally posted by Ghost375
reply to post by Kaiuk
It's not that they're just hoarding money, it's that they are hoarding resources and other physical assets.
there's no reason someone needs 100 sports cars, or a dozen mansions. Not only does no one need that many things, no one deserves that much.
Originally posted by sligtlyskeptical
This is all a lie. We have had no increase in wealth for the lower 99% of the population in the last 20 years but prices have still doubled.
Originally posted by sligtlyskeptical
The answer is a progressive tax on wealth which insures most of the wealth accumulated in a lifetime is returned back to the system over time. Done right this could eliminate the income tax alltogether.
Originally posted by Kaiuk
reply to post by Ghost375
What do you mean deserves? They earned their money they get to spend it. Thats how the game works.
Originally posted by SatoriTheory
The whole capitalist/monetary system is a complete con job. One massive ponzi scheme. The day we humans [color=gold] stop being materialistic and abandon the monetary system all together, is the day we will actually begin to realise who we really are.
Originally posted by davidgrouchy
What is this.
A hippie manifesto?
Lead the way. Stop eating. It's just being materialistic to do so.
David Grouchy
Originally posted by SatoriTheory
Come on David, open your mind dude. I'm no hippie, or tree hugger.
If you want to live in a materialistic world, fine, but if you do, then you shouldn't really complain about the 'filthy rich'. You can't have one without the other.
st.