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Thread: The Creation Of Wealth

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    Quote Originally Posted by Rune View Post
    You know so little it is humorous.
    Do you actually know any fisherman?
    I know of someone that CLAIMED to be one yet he's provide no proof only excuses.

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    Well some in the Democratic Party want a 70 to 90% tax bracket for the wealthy.
    Can’t wait for that to happen. That money will invest overseas.
    If they increase the corporate tax burden, companies will start to move overseas.
    New York is a good example of the money moving out of state due to the high tax burden.

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    Quote Originally Posted by Old Trapper View Post
    Since there seems to be some confusion about the creation of wealth I have decided it is a topic that needs to be discussed so the more ignorant among us can actually grasp who it is that creates the=is wealth, and who it is that is profiting from the labors of others to the extent that they have become pariahs in our world. We can start here.

    https://www.theguardian.com/commenti...nomy-parasites

    So entrenched is this assumption that it’s even embedded in our language. When economists talk about “productivity”, what they really mean is the size of your paycheck. And when we use terms like “welfare state”, “redistribution” and “solidarity”, we’re implicitly subscribing to the view that there are two strata: the makers and the takers, the producers and the couch potatoes, the hardworking citizens – and everybody else.

    In reality, it is precisely the other way around. In reality, it is the waste collectors, the nurses, and the cleaners whose shoulders are supporting the apex of the pyramid. They are the true mechanism of social solidarity. Meanwhile, a growing share of those we hail as “successful” and “innovative” are earning their wealth at the expense of others. The people getting the biggest handouts are not down around the bottom, but at the very top. Yet their perilous dependence on others goes unseen. Almost no one talks about it. Even for politicians on the left, it’s a non-issue.

    To understand why, we need to recognise that there are two ways of making money. The first is what most of us do: work. That means tapping into our knowledge and know-how (our “human capital” in economic terms) to create something new, whether that’s a takeout app, a wedding cake, a stylish updo, or a perfectly poured pint. To work is to create. Ergo, to work is to create new wealth.

    But there is also a second way to make money. That’s the rentier way: by leveraging control over something that already exists, such as land, knowledge, or money, to increase your wealth. You produce nothing, yet profit nonetheless. By definition, the rentier makes his living at others’ expense, using his power to claim economic benefit.

    This is an interesting example of what the article speaks of, or part of it anyway:

    http://inthesetimes.com/working/entr...porate_welfare

    Here is another part of the Amazon scam you will not hear about:

    http://inthesetimes.com/article/2157...pe-cities-data

    Your entire premise is complete horse shit

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    Hello noise,

    Quote Originally Posted by noise View Post
    we are saying basically the same thing -the transferring of money ( exchange) creates the value of the buying and the renting and the selling of the house

    the problem with socialism is it isn't driven by market forces -it's done by dictate.
    Not really accurate. It can be used in a democracy.

    Quote Originally Posted by noise View Post
    So the normal flow of monies exchanged is distorted by regulations.
    Regulations are necessary even in a 100% capitalist economy.

    Quote Originally Posted by noise View Post
    Regulations of capital flow are needed - but when the regulations determine 'the flow' (monies exchanged)
    it slows down money movement, and also distort values which impinge economic activity, which is wealth creation
    Money flow only creates wealth for the rich. Work is where the lower half acquire wealth.
    Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.

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    Do you have anything more than a 6th grade education.
    Over 85% of the politicians are multimillionaires. I wish they didn’t work. Oh that’s right they don’t really work because they get nothing done.

    Dumb dumb people invest and they have a share of the company. The companies use that investors money to help the company grow and hire more people who spend their earnings which create jobs.

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    Hello noise,

    Quote Originally Posted by noise View Post
    you don't understand the concept. mowing a lawn moves money / building moves money etc.
    sales moves money. It's called economic activity =GDP
    I understand more than you acknowledge. Of course money is moved when workers are paid.

    It is not the fact that money is moving that creates the wealth when work is done. That is merely the instrument which represents the wealth which was created by the work. It is the fact that the work was done which created a service or product of value.
    Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.

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    What occupation is “moving money “. Are you talking about investment bankers.
    Define “wealth “.
    A million dollars may not go far in NYC. However in Lake City, Florida you can live comfortably.
    In the majority of occupations there are people that are making plenty of money.
    Your so called term “money mover” generate the capital that allow companies to grow and hire more employees.
    Where the fuck do you think these so called “money movers” are moving the money to?
    Oh my god my head is going to explode. You need to start another post because you don’t have the brains for economics.

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    Post office providing banking services? You are kidding right.
    They can’t make a profit delivering mail and you want them to become a bank.

    “The money doesn’t create wealth by construction “. I have no clue what that means and I don’t think you do either.

    I think you would be much happier in a socialist or communist society. Have a nice trip.

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    I know a few loggers in Klamath Falls Oregon that got their logging trucks repossessed and a few farmers in Boise that got their combines repossessed. These loggers and farmers are struggling. Shit for brains 🧠

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    Hello noise,

    Quote Originally Posted by noise View Post
    ^ unread Spam. If you can't tell me what you are trying to say,I'm not going to deduce it for you
    I can't really blame you for not reading it, even though it makes a very good point.

    I would not read further in any post which began by insulting me. If a poster makes a personal attack it serves as notice that more can be expected. If the communication is returned it establishes an abuser/enabler relationship. The reply says without words that it is OK to continue the abuse.

    Here's a tidbit.

    Ever heard the term 'unearned income?'

    That's income from investments.

    Wealth is 'created,' but no work is done to create it. Money is merely exchanged, without product or service or anything of value being created. It represents the wealth of previous work being traded at a later date after being held for a period of time.

    When wealth is the result of simply moving money without doing any work, then old wealth is being exchanged, but new wealth is not being created.
    Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.

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    You have no clue.
    What you are saying is gobbledygook. You make absolutely no common sense.
    You have no clue of the complexities of economics and finance.

    Go get a degree in finance, work in the real world for 30 years and then talk intelligently about economics. Because right now your posts are showing your ignorance on the subject

    Another alternative is get your economics degree from Boston College, get a job as a barmaid and run for Congress then show your stupidity for numbers.

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    Quote Originally Posted by Rune View Post
    Retard.
    The 5 industries I mentioned create all wealth.
    All other industries I gave at least four examples but sales is another good example, simply suck some of the wealth out of the wealth stream as it passes by.

    That is what you do. You take a percentage of what you sell. The manufacturer creates the product (wealth) and you suck some of it as it passes through your hands.

    Note that GDP is not part of the topic, you introduced it to the thread.
    The workers create the product and the wealth. Used to be if a company succeeded, so did the workers. Now a company can be making big profits and fire workers and even start making product offshore.
    GM has made enormous profits last year and shed 4000 workers. The boss said if we don't do it when we are making profits, then when should we. Well, how about when things go bad and they fire workers. She made no sense. Now it is the same ,shed workers when it is going good or going badly. It is always the right time.

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    Quote Originally Posted by Rune View Post
    That is correct, however, you didn't produce it.
    of course I did.......on one hand they are paying for the use of my land and on the other they are paying for my time (which could obviously not be produced by anyone other than me).......

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    Quote Originally Posted by I Love America View Post
    Your entire premise is complete horse shit
    The idea that you love America is horse shit, on that I can agree. The Amerika you love is called Russia. I think you are in the wrong place.
    "2Timothy 3 "But know this, that in the last days perilous times will come: For men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away"

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    Quote Originally Posted by PostmodernProphet View Post
    of course I did.......on one hand they are paying for the use of my land and on the other they are paying for my time (which could obviously not be produced by anyone other than me).......
    I get it. You are a renter as well as a parasite.
    It is the responsibility of every American citizen to own a modern military rifle.

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