Top 10 Richest Americans: Bill Gates to Michael Dell

[Monique]

Originally posted by Peter Pan
Any one here, except government workers, should be kissing every rich person's filthy butt for providing them with a means of income.

enough said

That goes the other way around too, ever heard of exploitation?? Why do you think rich people get rich? They produce their stuff in poor countries against rediculously low wages. They say that they are providing those people with work, but in fact those people and resources are being exploited.

 

[Njorl]

Originally posted by Peter Pan
Any one here, except government workers, should be kissing every rich person's filthy butt for providing them with a means of income.

enough said

There are two types of entrepreneurs.

One sees a problem in the marketplace and arranges for a solution. He profits from increased productivity he siphons from the overall more productive situation. Had he not acted, the market would be worse off.

The other sees an improved situation growing in the marketplace and appropriates it. He either suppresses it to keep his existing investments profitable, or siphons off profit from the new venture, making it less productive than it was. Either way, his actions make the market worse off.

The vast majority of the extremely wealthy fall into the second category. Small business owners, people who really create jobs and wealth fall into the first category.

You should read some Thorstein Veblen.

Njorl

 

[Peter Pan]

That goes the other way around too, ever heard of exploitation?? Why do you think rich people get rich? They produce their stuff in poor countries against rediculously low wages. They say that they are providing those people with work, but in fact those people and resources are being exploited.

It does not go the other way around. A person of average intellegance, excluding celeberty, will not become rich. They depend on people of intellegence and foresight to provide them with jobs. I argue that a rich person will servive without out the masses. I also believe that the opposite of that statement is false.

People in poor countries are happy to have those jobs. Without the "big and mean" companys "exploiting" the poor worker, those poor workers wouldn't have jobs. If all those workers are being exploited, let them go work somewhere else. Or even better, let them start their own business so we can be angry with them>

 

[Monique]

Originally posted by Peter Pan
People in poor countries are happy to have those jobs. Without the "big and mean" companys "exploiting" the poor worker, those poor workers wouldn't have jobs. If all those workers are being exploited, let them go work somewhere else. Or even better, let them start their own business so we can be angry with them>

You went and asked them? I recall some issues that the US had with an African country and labor exploitation.. I can't remember the details.. :S

I have very clearly seen exploitation of large firms with immigrant employees, working from 6 to 6, monday to monday, without the pay of overtime. If the worker doesn't agree, he will get fired and sent out of the country. That is the power that causes exploitation.

But remember, I am not against rich people in general.