The 1% Solution to the National Debt
|Mar14-12, 10:09 AM||#120|
The 1% Solution to the National Debt
I'm sorry, but when you say "You keep what you kill" I can't figure out how that is not at least an analogy for killing. It must be either a hunting reference, a murder reference, or a war reference. I'm not trying to obscure any point, but just saying you need to figure out what you mean by that.
Now when you hear the word "earn" you immediately think of the first meaning, because you have faith in capitalism. Whereas, when I hear the word "earn" I immediately think of the second meaning, because, as you mentioned, I am very cynical about capitalism.
Now, for the facts we should agree on. I estimate that at least 99.9% of the people are in the first category, people who are trying to increase the net quality of life, and only a tiny minority of people are in that 0.1% who are trying to earn immorally.
My cynicism comes from the fact that I expect that the scum will rise to the top in a capitalistic system. And when they negotiate price, they go into the negotiation with the intention of "making a killing" which is an idiom that means, "to earn a lot of money very easily"
I guess when I hear that phrase, I'm looking for someone who just got killed--whoever just lost a lot of money, very easily.
If you were making some kind of figurative "killing" it would mean that someone else was suffering as a result of your gain.
[/QUOTE]The guy putting on lug nuts gets paid no matter what. Who made bond holders that financed GM over the decades whole after the government pushed them from 1st in line to get paid to the back of the line? The unions and government got GM and the wealth creators “investors” that started and maintained the company for decades got the shaft. Cash in all your retirement, savings, mortgage your home and open a business. Gamble it ALL. Cross your figures that healthcare, insurance, FMLA, etc. don't change enough to put you under, and then hope your workers show up, are productive, and don't hit you with too many OSHA complaints, union work rule violations, strikes, etc. On top of all that, you'll need to make sure your business succeeds with it's product. Ref. failure rate above.[/QUOTE]
So in this process, wouldn't you agree that there are good guys, and bad guys? Some of them are creating value, and some of them are just gambling, and some of them are gambling with marked cards, and some of them have rigged the system so they can make a killing and they can't lose.
Yep, you got that right. Feel free to give away as much of your time and money as you want. However, as for my money “I earned it. It's mine.” FWIW, most people I know give a fair bit away, but WE choose because WE earned it and the right to choose.
While there are merits to your points, it misses one key point. Where are the wealth creators? Why won’t people invest in jobs here? Why don’t companies expand where they already have an operational base? Every town I’ve ever lived in attracted businesses the same way, and gave tax breaks, utility breaks, land giveaways, etc. We need a business friendly environment, like Joe Biden’s Delaware.
Yes, it's a national and international problem. One state (or country) can reduce regulations and attract businesses, but that business moves away from another state (or country).
I am cynical towards capitalism because I expect 99.9% of people are doing good and right, but the 0.1% who are focused on making money, regardless of morality, tend to rise to the top, and spoil the whole system.
But permit me to modify my original statement, I said "Most people who rise to the top are focused on making money, regardless of morality" but I want to amend that to "A LOT of people who rise to the top are focused on making money, regardless of morality."
I might even amend that to say just "A FEW" people at the top are like this. But it only takes a few bad apples to spoil the barrel.
Discovery that one or more bad apples have been allowed to remain in a system (let alone hidden by suppressing reports) should be a damning indictment of management in any context.
(1) “Did Bill Gates actually do the work equivalent of 67,000 minimum wage earners, or the work equivalent of 20,000 median households?” --- Take a look at the wealth he created for those that work for him at ALL levels, the support businesses and their employees that exist because of him, etc. So yes, IMO, the trickle down jobs, businesses and economy from Microsoft can’t be ignored when the scales of one’s life are put to balance.
Good point. When you take into account the industry standards, the jobs created, etc. there was a lot of good done. Probably a lot of people from Commodore and other competing industries went on and worked for Microsoft and IBM.
But you see my predicament. Bill Gates has billions of dollars. I am just unable to conceive of any situation where he actually "earned" that all by himself. Maybe there are 20,000 households that all earn $50,000 because of Bill Gates. But maybe there are 500,000 secretaries and accountants all out of work because nobody uses a type-writer any more, or adds figures by hand.
You see the gain in jobs. I see the loss in jobs.
To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;
I would argue that patents are good, so long as they meet the goal of "promoting the progress of science and useful arts" but whenever they actually do the reverse, and intellectual monopoly actually prevents or slows the progress of science and useful arts, we should carefully analyze the patent system.
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