Faith writes:
quote:
wealth is actually created by people who build enterprises.
And who do you think those people are?
People like Trump who simply owns a name?
Or the people who actually built the hotel that has his name on it?
Wealth is created by labor, not capital. Capital needs labor in order to be used to create wealth.
Labor, in the end, doesn't need capital. Oh, capital makes it easier, yes, but labor is all that is required.
quote:
The more that gets created the more there is to go around in the shole society
Not if the people who have it don't spend it. That's the stupidity of thinking tax cuts will help the economy. For the past 30+ years, the Reaganite philosophy that the wealthy will "trickle down" the wealth has been shown to be false: Despite the fact that productivity has tripled, all of the gains from that increase in productivity has gone to the wealthiest. Wages are flat and wealth has not increased for the bottom.
They were the ones who created the wealth.
And it was stolen from them by those who didn't create it.
quote:
that's why America became so prosperous in the first place
No, American didn't really become prosperous until after the Great Depression when we started implementing "socialist" economic policies like unions, Social Security, Medicare, etc. It's why the poverty rate for the elderly was 90% until then.
quote:
And generally those who have a lot give a lot.
Showing a severe lack of understanding regarding economics.
And your own Bible that you claim to hold so dear:
Mark 12:
12:41 And Jesus sat over against the treasury, and beheld how the people cast money into the treasury: and many that were rich cast in much.
12:42 And there came a certain poor widow, and she threw in two mites, which make a farthing.
12:43 And he called unto him his disciples, and saith unto them, Verily I say unto you, That this poor widow hath cast more in, than all they which have cast into the treasury:
12:44 For all they did cast in of their abundance; but she of her want did cast in all that she had, even all her living.
Your own holy man contradicts you regarding this, Faith. The fact that you "give a lot" means nothing if you already have a lot. The question is not the mere amount of what you give.
It's whether your are giving "enough."
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One major problem with socialism is that it stifles the motivation to build enterprises and create wealth
So England, Germany, Japan, and France are all "stifled"? Strange how their economies seem to be doing fairly well.
How can that be given their socialistic economic policies?
Did you just confuse socialism for communism?
quote:
it makes everybody poor.
Strange how Scandinavia, one of the most "socialist" regions on the planet, is so wealthy.
Maybe you should stop reading all those conservative books on economics.
They are lying to you.
Rrhain
Thank you for your submission to Science. Your paper was reviewed by a jury of seventh graders so that they could look for balance and to allow them to make up their own minds. We are sorry to say that they found your paper "bogus," specifically describing the section on the laboratory work "boring." We regret that we will be unable to publish your work at this time.
Minds are like parachutes. Just because you've lost yours doesn't mean you can use mine.
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