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Thread: So sick of hearing the term 1 percent

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    magical negro/photog .blank cd's Avatar
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    Quote Originally Posted by BanginJimmy View Post
    Which one are you talking about? As far as I can tell, they are all a bit cliche but true.

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    All of it.

    1. You can absolutely legislate poor into prosperity by legislating wealthy out of it. It might not pass, it might not work as well as you want it, it might end violently, and you might create a paradox, but you can do it. There's actually a word for it, a word that right wing talking heads like to throw around to describe a certain POTUS, yet have not actually seen it in practice.

    2. "What one person receives without working for, another must work for without receiving." I suppose that's a quip at taxes for public assistance programs. I guess we need to get it into our heads that this isn't going away. It's something that benefits the society as a whole. Don't like public assistance programs, stop paying taxes.

    In practice, I can absolutely give something to someone I've worked for and received.

    4. You can't multiply wealth by dividing it? Since when? Stock market and bank loans both divide money to multiply it. Every single day. Bank A gives $10,000 business loan to customer B. B starts business and makes $1mil. B pays back A with interest, and you have effectively multiplied your money by dividing the banks money, and the bank has multiplied its money by dividing its own money.

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    Moderator BanginJimmy's Avatar
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    Quote Originally Posted by .blank cd View Post
    All of it.

    1. You can absolutely legislate poor into prosperity by legislating wealthy out of it. It might not pass, it might not work as well as you want it, it might end violently, and you might create a paradox, but you can do it. There's actually a word for it, a word that right wing talking heads like to throw around to describe a certain POTUS, yet have not actually seen it in practice.
    wrong. You can use legislation to take 10000 self made rich people (trust fund babies dont count) and take every penny they have, at the same time you can take 10000 self made poor people and give them $10 mil. Look back in 10 years. The vast majority of rich people will be rich again, the poor will be poor again. The reason is simple, the rich do certain things to become rich, they will continue to do so. Poor people do certain things to become poor, they will also continue to do those things.

    As for socialism, can you point out any place where it works? All I ever see from socialism is the top coming down, I never see the bottom coming up.

    Quote Originally Posted by .blank cd View Post
    2. "What one person receives without working for, another must work for without receiving." I suppose that's a quip at taxes for public assistance programs. I guess we need to get it into our heads that this isn't going away. It's something that benefits the society as a whole. Don't like public assistance programs, stop paying taxes.

    In practice, I can absolutely give something to someone I've worked for and received.
    Yes, its a shot at tax money and at handout programs. Where does the govt get money? End of discussion.

    Quote Originally Posted by .blank cd View Post
    4. You can't multiply wealth by dividing it? Since when? Stock market and bank loans both divide money to multiply it. Every single day. Bank A gives $10,000 business loan to customer B. B starts business and makes $1mil. B pays back A with interest, and you have effectively multiplied your money by dividing the banks money, and the bank has multiplied its money by dividing its own money.
    I believe this was directed at individuals, not business deals. A business deal that is completed by all parties benefits all parties. At the same time, a business deal such as the one you described, wealth shifts from one party to another, none is actually created.

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