The question of wealth caps...
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (15)
sorted by:
Sounds like Trickle-Down Economics to me.
Important jobs have been lost to automation and cheap labour in other countries, corporations are "persons" and have too much influence on government, and low corporate tax rates have allowed their owners to dabble in space travel and buy islands and superyachts instead of re-investing in their businesses.
As long as we live in a crabs-in-a-bucket global economic environment, where there are always countries that will cater to corporations, they will win and the human race will lose.
It's not. I'm explaining how industry literally creates wealth and adds it to the economy. I don't mean by making money for themselves and then maybe spreading it around, I mean by manufacturing items that have a dollar value and adding them to the market. That's how it works. It's not debatable.
Trickle down economics is about cutting taxes to the rich in the hopes that those savings will "trickle down" to the consumer, rather than just be pocketed by the rich. It's basically the idea of the government giving the rich free money in the naive hopes that they'll pass it down to people lower on the economic chain, which makes no sense. It's got nothing to do with what I'm talking about.
People made the same complaints the first time a horse was used to pull a carriage, or a ship was put to sea to trade with the people on the other side of the strait.
Economic freedom means the freedom to compete. That means someone's always going to do better than you. As much as you may want to complain about that, you should consider the alternative.
Marxism is the politics of envy. Communism is what happens when people with that same attitude of "Fuck the rich, why should be allowed to have all that wealth?" get their way. Be very careful what you wish for. The reason your way of life is so much better than a Cuban's or a North Korean's is because economic freedom allows for massive and constant wealth creation, and your boat has been lifted by that rising tide over the decades whether you realize it or not. That is precisely why your way of life is so much better than your Cuban/N.Korean counterpart's. Are you sure you'd want to give all that up and join the North Koreans and the Cubans down there in that impoverished, repressive, communist hellscape just so you can know there's no more rich people living better than you? Are you sure that's worth it?
Denmark and Norway show up on most of the lists of "best places in the world to live". Do you think that they are doing it right? Or maybe I should ask what country or countries are being run the way you think they should.
Maybe.
"That which can be asserted without evidence, can be dismissed without evidence." Christopher Hitchens. It is not for a defendant to disprove an unproven case, but rather for the claimant to produce sufficient evidence to support its allegation. https://www.stevens-bolton.com/site/insights/articles/asserted-without-evidence-dismissed-without-evidence-hitchens