- Apr 2, 2007
- No, sleep, till, BROOKLYN
- 11 Xterra Pro-4x, 12 'stang GT
If you reduce the amount that gets in, you have to reduce the amount that gets out, or run a deficit and make debts to compensate for it; debt upon which you will pay even more money as interest rates to investors.
- Yes we are running a deficit and have been for a while now
- You are making the incorrect assumption that all government spending is good AND that there is no waste.
I'm not sure where you got this from, some of the richest people in the world right now emerged in late 20th/early 21st century by building products and/or services that people found desirable. Just because someone inherited their wealth doesn't mean that they are lazy/stupid/shiftless, the reason some families are synonymous with wealth is because they managed and increased their wealth properly.The Western World has been one of the best systems so far, yet stupid, greedy people are trying to destroy it and transform it back again into what the world was before it: extremely much to the already rich, just crumbles for the poor, destiny tied to your birth social position, not to your abilities. The moment an idiot rich can get richer and more powerful by doing NOTHING but spending his own inherited money, you know you have a problem.
You are also confusing earnings with worth, Bezos as an example is worth $130Bn, that doesn't mean he gets paid that amount every year, that means all of his liquid assets, most of which is Amazon stock btw, are worth that much. So if you are taxing their "income" you really won't get a whole lot out of it.
That makes absolutely no sense at all, to use Lev's example, a doctor is significantly more valuable than a janitor. Anyone can be a janitor but it takes years of medical school, a certain specific (rather rare) mindset and willingness and ability to keep on learning as the field is constantly changing. Same goes for C-suit executives, not many people are even capable of the work (I couldn't manage at that level, hell I don't want to at any level) and their decisions have massive impact on thousands (and in some cases millions) of people so yes their labor is much more valuable.There cannot be someone whose work is averagely valued 1000 times that of an average person. That is physically not possible, expecially in a human society, where everything gets done cooperatively.
Sounds a whole lot like the IRS and government to me...what mafia does: either you do wha they want, or your life gets destroyed, maybe you even die).
That makes no sense as there isn't just one doctor, there is not just one of anythingThen, that doctor would get filthy rich, effectively robbing you of everything you have; not because his work is so much better, but because you can't refuse the transaction.
I completely fail to see your point, people move between socio-economic levels all the time and in both directions, sometimes you are in a position to refuse the deal you are offered, sometimes you aren't and many times lower paying jobs are simply a foothold into the economy.The "market" is a human behaviour: it only self-corrects when people can refuse the deal they get offered. If they can't, it won't self-correct anything and wealth will be destroyed rather than created.