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Forums - General - Is wealth in fewer hands better than "spreading the wealth around"?

MrBubbles said:

it is better to accumulate wealth in the hands of those that earned it.

And how would this be accomplished?



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Wealth is not the same thing as money.

Wealth means you can get whatever you want based on your wealth or that you have something that is desirable.

If I had a paper clip and you needed a paper clip the need for the clip shows my wealth.

In the same respect if I had 10 billion dollars and everyone else had 10 billion dollars then 10 billion dollars does not mean wealth.

Consequently people desire things and others achieve these things while others don't and the wealth perspective is just a perspective or situation.



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theman88 said:

It is called the trickle down theory. Even though the rich are rich, they spend all of that money in places that give other people jobs such as stocks, retail, car sales, etc. And the thing that everyone seems to forgot is that these rich peole get charged taxes on everything they spend money on. Spread the wealth rewards those that work and suck off the system.  And by taxing the rich more, they will not spend the same. the reason taxes are done by percentages is because it equalizes the system   30 percent of a 10 million dollar income is 3 million dollars to the government.  It all works out it just happens to be that this economy sucks right now.

Poor people spend much more of their income. Therefore the best stimulus to an economy if you want higher spending is to cut taxes for the lower incomes not the higher incomes.

Trickle down doesn't seem to really work in practice. It just ends up with the rich being richer and bugger all trickling down.



The lower class and middle class do not need more money, that's the problem with trickling. The money only goes one place and that is up to the "top."

I would say that education for ambition and entrepeniourship  should be  priority as well as financial and economic educations being a core part of todays learning but... that is a failed effort in the making.

To be explicit: The people need the move in a way that promotes ambition, self-benefit, self-involvement, strategizing, precise value design, and how to execute a plan.

That would be enough to jump start America. But everyones looking at everything else.



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raptors11 said:
richardhutnik said:
raptors11 said:
thranx said:

I think the problem is not with spreading wealth around, but giving wealth away to those who do not deserve it, and creating a cycle that rewards not working and punishes those who do work.

In my opinion wealth should be in the hands of those that work hard for it and those that can create new wealth/resources with what they have.


This. /Thread

Is the only exception to this is inheritance?  Because of the sheer amount of money that is handed out, and it makes someone rich, certain individuals who didn't do squat have every right to get more money than they ever would know what to do with, they have every right to get every penny.  Should we also abolish charity, and have it if individuals are not able to find meaningful work, they should be left to die of starvation?

So what you have a problem with inheritance? You think money shouldn't be able to be passed down to your children? I have no problem whatsoever with inheritance as long as people don't inherit a ton of money and use it as an excuse not to work. If I won the lottery I'd still stay in school and get a job.

And when did I anyone ever say anythin about abolishing charity? Charity is fine as long as donating to charity is optional. My dad is wealthy and he donates both to our local hospital and to a local foundation for mentally retarded people.

And should we leave people to die if they can't afford food? That's an interesting question, because I'm sure you'd be quick to say no but then I wonder how much have you donated to food banks or charities in your life? Do you personally help at all or do you think it should be up to the rich to provide food for the poor?

So is the government of a country supposed to do nothing while a large portion of it citizens starve to death?  The government should do what's best for all of it citizens, not just the ones that have the most cash.  You can encourage job creation by cutting taxes on the wealthy, but you still need a safety net to help those at the bottom.

This "greed is good" attitude is what has the US on the verge of complete collapse.



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Yes , I forgot about the road taxes and everything. Those we got here to. 19% VAT and 6 % VAT on Life products (food etc.). You also need to pay A LOT for a car. Depending on the cost of your car and the fuel efficiency. A car that costs around 20k Euro's , you need to pay another 7k tax. An Audi A4 costs around 26k but here it costs almost 33k because of taxes. You have taxes on water , gas , using the sewage system , fuel taxes.You pay taxes over the money you earn (if you own a company). Also you have to pay taxes when you pay someone to work. The person you pay has to pay income taxes. So they get more then enough money.  

Some better explanation :

http://en.wikipedia.org/wiki/Wet_op_de_inkomstenbelasting_2001

http://en.wikipedia.org/wiki/Taxation_in_the_Netherlands

We pay a lot , but I personally think it is one of the best ruled country's in the world. Especially compared to country's like in the middle-east , most of Asia , and also America seems a bit of a mess. 



thranx said:
numonex said:

Corporate bailouts are more or less nationalism. The banks should be left to fail and collapse. The rich bankers should pay their own debts- not tax payers.Who cares much that workers are out of work? These corporates have $50 million salaries plus bonuses for losing money. Tax payers money being wasted on bonuses and salaries that is waste. Let them fail and let the tycoons go and ruin another business due to their incompetence and mismanagement. 

US is now in a jobless economic recovery. It must pay back its debts with higher taxes on the middle class and workers and lower company taxes. Companies board of directors are family owned business in Corporate America. Nepotism of aristocratic bloodlines dating back to the 18th century control the International Banks and big companies in America and around the world.. 

Actually agree with you on something. GM should of failed also, or found its own funding.

Yes , I forgot about the road taxes and everything. Those we got here to. 19% VAT and 6 % VAT on Life products (food etc.). You also need to pay A LOT for a car. Depending on the cost of your car and the fuel efficiency. A car that costs around 20k Euro's , you need to pay another 7k tax. An Audi A4 costs around 26k but here it costs almost 33k because of taxes. You have taxes on water , gas , using the sewage system , fuel taxes.You pay taxes over the money you earn (if you own a company). Also you have to pay taxes when you pay someone to work. The person you pay has to pay income taxes. So they get more then enough money.  

Some better explanation :

http://en.wikipedia.org/wiki/Wet_op_de_inkomstenbelasting_2001

http://en.wikipedia.org/wiki/Taxation_in_the_Netherlands

We pay a lot , but I personally think it is one of the best ruled country's in the world. Especially compared to country's like in the middle-east , most of Asia , and also America seems a bit of a mess. 

 

 

EDIT : Damn , I fail at editting post. Excuse me... 



These companies were  "Too big to fail", the media rode this, now the sad thing is most Americans were okay with this. The way I see this is that by the government "bailing out" these companies it's not in anyway similar to the "bailing out" of an individual.

The governement loaned these comapnies money when they gave the "bail out" unlike with the citizenry which was given a sum of cash, whatever it was.

The difference is that if the companies can not pay back the government then those companies become (well they are but more so than before) owned by the government.  This means that the past failings fall on the people and that the Investors make money or recoup losses then ditch the ship. 

The result will be that they walk scott free and tax payers get the brunt of it.

Well I'm sure there are some legal issues to bind them anyway. Just interesting that a "capitalistic" country can only maintain it's capitalism when things are going in the way of the government.

Human beings should not meddle with cause and effect or they risk falling into it's cogs.



I'm Unamerica and you can too.

The Official Huge Monster Hunter Thread: 



The Hunt Begins 4/20/2010 =D

whatever said:
raptors11 said:
richardhutnik said:
raptors11 said:
thranx said:

I think the problem is not with spreading wealth around, but giving wealth away to those who do not deserve it, and creating a cycle that rewards not working and punishes those who do work.

In my opinion wealth should be in the hands of those that work hard for it and those that can create new wealth/resources with what they have.


This. /Thread

Is the only exception to this is inheritance?  Because of the sheer amount of money that is handed out, and it makes someone rich, certain individuals who didn't do squat have every right to get more money than they ever would know what to do with, they have every right to get every penny.  Should we also abolish charity, and have it if individuals are not able to find meaningful work, they should be left to die of starvation?

So what you have a problem with inheritance? You think money shouldn't be able to be passed down to your children? I have no problem whatsoever with inheritance as long as people don't inherit a ton of money and use it as an excuse not to work. If I won the lottery I'd still stay in school and get a job.

And when did I anyone ever say anythin about abolishing charity? Charity is fine as long as donating to charity is optional. My dad is wealthy and he donates both to our local hospital and to a local foundation for mentally retarded people.

And should we leave people to die if they can't afford food? That's an interesting question, because I'm sure you'd be quick to say no but then I wonder how much have you donated to food banks or charities in your life? Do you personally help at all or do you think it should be up to the rich to provide food for the poor?

So is the government of a country supposed to do nothing while a large portion of it citizens starve to death? 


Where in my post did I say that?



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