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the richest 16,000 families own 16 trillion. If we nationalise their estates and distribute them to the poorest 30,000,000 million americans, we can give each person over like $500,000.000 which should be enough to go to school, but a house, etc. It would do wonders for the economy too. Way better than raising the minimum wage, good point ASDF.
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May 6, 2015 15:17
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euphronius posted:the richest 16,000 families own 16 trillion. If we nationalise their estates and distribute them to the poorest 30,000,000 million americans, we can give each person over like $500,000.000 which should be enough to go to school, but a house, etc. It would do wonders for the economy too. If you nationalize their estates the first thing that will happen is the value of all those assets will crash and you'll be left with a mishmash of physical property you can't even find people to operate effectively, much less a liquid sum you can redistribute. It'd be horribly inflationary but you're better off just printing $500,000 per person and sending them a pallet of $1 bills.
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May 6, 2015 15:22
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Well I guess that we could send poor people 500,000 each but then we would still have ultra rich people which is a problem you are not addressing. My plan is perfect in that it addresses both problems. Or we could just raise the minimum wage.
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May 6, 2015 15:23
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wateroverfire posted:If you nationalize their estates the first thing that will happen is the value of all those assets will crash and you'll be left with a mishmash of physical property you can't even find people to operate effectively, much less a liquid sum you can redistribute. It'd be horribly inflationary but you're better off just printing $500,000 per person and sending them a pallet of $1 bills. Also, some Chinese guys recommended letting schoolchildren beat their teachers to death, apparently this is a great step towards correcting the abuses of capital.
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May 6, 2015 15:24
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wateroverfire posted:If you nationalize their estates the first thing that will happen is the value of all those assets will crash and you'll be left with a mishmash of physical property you can't even find people to operate effectively, much less a liquid sum you can redistribute. It'd be horribly inflationary but you're better off just printing $500,000 per person and sending them a pallet of $1 bills. oh no mansion prices are plummeting! google's worthless without it's billionaire leaders! lol if you think any significant portion of wealth is tied up in a "mishmash of physical property" for sucking the dick of the rich in this thread you really don't know much about being rich do you?
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May 6, 2015 15:25
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on the left posted:Also, some Chinese guys recommended letting schoolchildren beat their teachers to death Sounds like a bad idea. Let's not.
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May 6, 2015 15:26
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asdf32 posted:So let's be clear that minimum wage can be expected to transfer some wealth but it does it really poorly. Significant chunks of the additional wages come from middle and lower class owners/consumers, not rich people. Which is why I highly doubt anyone in this thread who supports minimum wage supports ONLY minimum wage. This is a stupid argument to make and is further evidence of watermelon buggery.
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May 6, 2015 15:26
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look archangel is there ANYTHING I can say that allows me to take the moral high ground AND still lets my dad pay his employees like poo poo?
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May 6, 2015 15:27
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wateroverfire posted:If you nationalize their estates the first thing that will happen is the value of all those assets will crash and you'll be left with a mishmash of physical property you can't even find people to operate effectively, much less a liquid sum you can redistribute. It'd be horribly inflationary but you're better off just printing $500,000 per person and sending them a pallet of $1 bills. Wait, I thought the rich spent and invested their money, maintaining its velocity which is why we were supposed to support the wealth of the rich. Now you are saying it is the opposite and that they are literal economic parasites. You can't have it both ways, Pinochet.
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May 6, 2015 15:28
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archangelwar posted:Wait, I thought the rich spent and invested their money, maintaining its velocity which is why we were supposed to support the wealth of the rich. Now you are saying it is the opposite and that they are literal economic parasites. You can't have it both ways, Pinochet. Spoken like someone barely smart enough to be angry but not nearly smart enough to be successful. D&D.txt.
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May 6, 2015 15:30
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They can't spend or invest their money because they've bought a "mishmash of physical property" to hold their wealthwateroverfire posted:Spoken like someone barely smart enough to be angry but not nearly smart enough to be successful. 
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May 6, 2015 15:30
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What's the rate of return on a mishmash of physical property or do you have to have a Goldman broker to buy in?
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May 6, 2015 15:31
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down with slavery posted:What's the rate of return on a mishmash of physical property or do you have to have a Goldman broker to buy in? In the like past 5 minutes of posting I made maybe $200. Does that make you jelly? #YesAllCapitalists
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May 6, 2015 15:33
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wateroverfire posted:In the like past 5 minutes of posting I made maybe $200. spoken like a true poor person $200? lol you'd have to pay me at least a few orders of magnitude more to post the poo poo you have
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May 6, 2015 15:34
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Wateroverfire, what mechanism generates growth in an economy? Hint: the answer is very simple
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May 6, 2015 15:35
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wateroverfire posted:In the like past 5 minutes of posting I made maybe $200. Just $200? Maybe you aren't the captain of industry I thought you were.
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May 6, 2015 15:35
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wateroverfire posted:In the like past 5 minutes of posting I made maybe $200. Cool, but I am going to be taxing those capital gains though (if it ever amounted to much).
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May 6, 2015 15:37
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$5 mil per year is pretty weak bub. Jamie Dimon makes $20 mil.
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May 6, 2015 15:38
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VitalSigns posted:When the minimum wage was higher, wealth inequality was lower. Buddy I siad it does transfer wealth. Just badly compared to taxing and spending. So your evidence is completely consistent. Although about a million things were sl different in the past including tax rates.
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May 6, 2015 15:39
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asdf32 posted:Buddy I siad it does transfer wealth. Just badly compared to taxing and spending. http://en.wikipedia.org/wiki/Perfect_is_the_enemy_of_good
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May 6, 2015 15:41
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Let's abolish all labor laws because full communism will solve all those problems anyway. And now we wait... ... ... ... ...
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May 6, 2015 15:42
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Sinnlos posted:$5 mil per year is pretty weak bub. Don't hate I'm still a Young Carnegie
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May 6, 2015 15:43
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asdf32 posted:Buddy I siad it does transfer wealth. Just badly compared to taxing and spending. So your evidence is completely consistent. Although about a million things were sl different in the past including tax rates. Good luck getting taxing and spending legislation passed. Upping the EITC phase out would go way further towards redistributing income but has a much smaller chance of getting traction. Also it's coming from the government rather than the private sector, so it should (ideally) be made up with taxes which incur a cost of public funds.
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May 6, 2015 15:44
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wateroverfire posted:In the like past 5 minutes of posting I made maybe $200. I've built up a mental image of your workplace over the past few threads. I'm imagining Wonka's factory, you drinking from a river of cash, employees scurrying to and fro asking "daddy may I" while the bronzed ovaries of your liberated equal-pay-earning women float lazily by. ...and Pinochet is off beating peasants in the corner or something I guess idk
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May 6, 2015 15:44
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The likelihood over a minimum wage increase passing congress is higher than the large increases in social spending/taxation you would need to replace it with. This is even more true at the state level. States are already increasing their minimum wages, while the likelihood of a robust safety net being constructed is about 0%. A minimum wage increase is also far better than doing nothing.
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May 6, 2015 15:45
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Sinnlos posted:Wateroverfire, what mechanism generates growth in an economy? It's simple breh. People take risks to invest in enterprises that become productive and provide the things that amount to our real wealth, and the jobs that allow the circulation of that wealth.
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May 6, 2015 15:45
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VitalSigns posted:I've built up a mental image of your workplace over the past few threads. It's like that but with more grab rear end because I don't live in prudish gringoland.
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May 6, 2015 15:47
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wateroverfire posted:It's simple breh. People take risks to invest in enterprises that become productive and provide the things that amount to our real wealth, and the jobs that allow the circulation of that wealth. So would you agree that the exchange of capital is the mechanism that generates economic growth?
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May 6, 2015 15:47
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Sinnlos posted:So would you agree that the exchange of capital is the mechanism that generates economic growth? If by that you mean it's the transformation of capital into productive enterprise mediated by the entrepreneurial risk taking of the capitaist and aspiring capitalist classes, then yeah.
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May 6, 2015 15:49
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wateroverfire posted:It's simple breh. People take risks to invest in enterprises that become productive and provide the things that amount to our real wealth, and the jobs that allow the circulation of that wealth. I normally try and not make assumptions about people in real life based on their posting because that is loving stupid. Hell, I would probably have a great time drinking a beer with asdf32. But this is some cartoony Monopoly man poo poo right here.
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May 6, 2015 15:53
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archangelwar posted:I normally try and not make assumptions about people in real life based on their posting because that is loving stupid. Hell, I would probably have a great time drinking a beer with asdf32. But this is some cartoony Monopoly man poo poo right here. I find that often when something sounds outrageous to me the problem is with the assumptions through which I am listening. Just something to consider.
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May 6, 2015 15:58
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archangelwar posted:I normally try and not make assumptions about people in real life based on their posting because that is loving stupid. Hell, I would probably have a great time drinking a beer with asdf32. But this is some cartoony Monopoly man poo poo right here. To be fair what he is describing is a part of how a capitalist economy works, and if you want the full story multiple economists ranging from Adam Smith to Marx to Schumpeter to Keynes have literally wrote thousands of pages on it so it's not exactly going to fit in a D&D post.
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May 6, 2015 15:59
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wateroverfire posted:If by that you mean it's the transformation of capital into productive enterprise mediated by the entrepreneurial risk taking of the capitaist and aspiring capitalist classes, then yeah. I think that you are ignoring the necessity of consumption to fuel growth. You can invest all you want but you need a way to generate returns.
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May 6, 2015 16:03
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wateroverfire posted:In the like past 5 minutes of posting I made maybe $200. hahahaahahahahahahahahahahahaha
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May 6, 2015 16:04
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that right there might be the most pathetic post in the history of D&D, and that takes some doing
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May 6, 2015 16:04
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wateroverfire posted:I find that often when something sounds outrageous to me the problem is with the assumptions through which I am listening. Yet you edited it to sound less cartoony Monopoly man. I can appreciate a man who recognizes when he twirls his moustache.
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May 6, 2015 16:05
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V. Illych L. posted:that right there might be the most pathetic post in the history of D&D, and that takes some doing Who is the bigger fool - the fool who posts, or the fool who posts about it? Makes you think.
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May 6, 2015 16:06
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archangelwar posted:Yet you edited it to sound less cartoony Monopoly man. I can appreciate a man who recognizes when he twirls his moustache. Ummm. That post wasn't edited are you sure you're not thinking of someone else?
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May 6, 2015 16:07
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wateroverfire posted:In the like past 5 minutes of posting I made maybe $200. why, did they all finish at the same time? how do you keep your hands free BTW?
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May 6, 2015 16:07
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wateroverfire posted:Who is the bigger fool - the fool who posts, or the fool who posts about it? lol not only are you stupid you are a complete churl as well
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May 6, 2015 16:07
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