/biz/ - Business & Finance

>>15742928
it's just human nature. the jew exploit it.

>>15742928
Most of them contribute tons to the economy by creating jobs and economic growth. However, that doesn't mean taxes on the ultra wealthy shouldn't be higher.

>>15742928
The real question is, what do you contribute to society? Are you actually making a difference by working as a warehouse wagie?

>>15742969
Taxes on the rich are already far higher than for everybody else, not only as a direct dollar figure but as a percentage of their income. Taxes are too high for everyone, but they're way too fucking high for rich people.

OP, rich people are rich because they've taken massive risks, put in effort and had superhuman abilities. Unless you're a government, it is physically impossible to generate wealth without improving other people's lives. If every single exchange of goods and services wasn't in their best interests, then they wouldn't have agreed to it. Wealth is really just a measure of the positive impact you've had on others. This is of course different if you're part of the government or a government-created molopoly, in which case you're human garbage.

>>15742928
The ultra rich don't buy shit like this.

>>15742928
I don't know if there's any actual data to answer that question. There are so few who fall in the category of ultra rich. I assume it's just people getting butthurt on shitter and cuntstagram

Growing up in bumfuck nowhere without a pot to piss in, and having lived in an ultra-rich neighborhood in recent years, I have to say: I fucking love rich people. I'm not at that level myself. But I fucking love the environment they create around themselves. I'll give you one example.

In the elite areas, service people (food, auto, retail, tech, etc.) are always super nice and deliver top tier work. They know the picky rich clients they serve expect nothing less than fucking perfection. And they're desperate to make a great impression, win these people over and get repeat business. Everyone is positive, talkative, and eager to serve you. And the rich people themselves are not nearly as arrogant as their working class counterparts, despite the bad apples on social media. And they're all secretly racists. It's awesome.

Contrast that with Bumfuck Nowhereville. Everyone is a fat, burned out wreck and their kids are strung out on oxys. Everyone mopes around basically hating life. Want something? Fuck you. Running a business? Double fuck you. Trying to improve yourself? Fuck you elitist.

Working class pride? Gimme a fucking break. It's a burned out hellscape. I'd take spoiled rich kids any day.

>>15742928
they have no effect.

The money is in the so small vs taxation amounts its not even a rounding error

Protip Gates+Bezoz+who ever else you want would be broke in a year funding education alone in the US.

They could stand for about 90 days in the crypto market and then get wiped out.

>>15743001
Yes, I'm also in a similar situation and my experience is like yours. I like rich people, however I fear that I've just become complacent. There could be something systemic that I simply don't understand, leftist economists right book after book about this "problem".

>>15743001
I have also noticed very rich people like to invite you over and share their stuff, all they care about is the stuff is used properly

>>15742996
>>15743001
Good poasts

>>15742928
>Do the ultra rich actually hurt the economy or is it just people's feelings that are being hurt?

How do they hurt the economy by buying lots of really expensive shit? Governments tax the shit that they buy, businesses/employees stay viable, they patronize local restaurants, etc. Sometimes, they even invest in local factories and provide jobs.

Are you serious?

Rich people are a god damn win-win.

Are you a socialist?

>>15743024
>doesn't make any $

76.4 million or 44.4% of Americans won't pay any federal income tax in 2018.

Rich people pay nearly all the taxes.

>>15743047
I don't know, what you are describing is on a micro level, on a more macro level you could argue that these resources could be distributed in a different way. Instead of having a billionaire and waiting for them to buy stuff or invest, you could perhaps somehow do that directly. Isn't it too much power for a person/family to have? What is more concerning to me is when they control a product, such as Facebook or Coca Cola or pharmaceuticals and the incentive for profit contradicts with the general well-being of society.

>Do the ultra rich actually hurt the economy

No because money is always in constant circulation via stock, bonds, PM's or businesses. The problem isn't wealth inequality but stagnant wages caused by a surge in the supply of labor and a shortage of jobs caused by over regulation, taxes and globalization. The FED is also the main cause of the largest transfer of wealth that is currently happening. Working class people spend all of their money because of low interest rates and access to easy credit while the rich invest in assets like stock and real estate which is being artificially inflated by monetary manipulation. A return to Austrian Laissez-faire economics and the gold standard would solve most of the issues we face today.

>>15743094
Oh I hear you, at least this makes some sense. Perhaps there's a contradiction that I'm not aware of.

Who says rich hurt the economy? Did you just make that up?

>>15743078
nah mate look at the long tail of those who do.

Any one 1 billion or above is irrelevant.

US Tax is income is 3.6 trillion or so

That all your rich people broke.

It average joe that pays for everything. All you rich people are broke in a a few months at those levels.

>>15743083
Capitalism is why the USA is so rich (PPP) relative to the rest of the world (hello Venezuala).

>you could argue that these resources could be distributed in a different way

"distributed" - fuck you. If you live in the USA then you live in the best system to make $ that has ever existed. If you are not American, ok, time to learn from the best economy in the world.

Billionaires form charities (e.g. bill and melinda gates foundation) or buy sports teams (entertaining massive amounts of Americans).

>Isn't it too much power for a person/family to have?

No.

>>15742996
The thing is that the marginal utility of wealth is a decreasing function of wealth. If you have $150MM you're (almost) as happy as someone with $150MM. That $50MM could be used to significantly improve the lives tens of thousands of poor people. Most people who have that kind of wealth were VERY lucky in life in some way. It's a huge fucking meme and that anyone can become a multi millionaire. And this is coming from someone who's somewhat well off ($1MM+ net worth in my mid 20s). I was lucky to be born with a high IQ, I was lucky to go to a good college, I was lucky to stumble upon some good business opportunities early in life, I am lucky to have parents who taught me about money, careers etc. Sure, I have worked hard, but if I was born into a shitty family with an average IQ I don't think I would be where I am in life today.

In some cases the greater good of society is more important than 'muh freedom'.

>>15743094
>>15743098
Ok, I just thought of a contradiction. QE is supporting stock prices, without it you would have a drop, investors would start looking in other countries, general investment and employment rates would drop, the average person that is now being kept stagnant but alive, would suffer a lot.
>>15743121
Ok, these are pretty silly arguments that categorize you as the average Americlap, nothing to immitate.

>>15742996
The thing is that the marginal utility of wealth is a decreasing function of wealth. If you have $150MM you're (almost) as happy as someone with $200MM. That $50MM could be used to significantly improve the lives tens of thousands of poor people. Most people who have that kind of wealth were VERY lucky in life in some way. It's a huge fucking meme and that anyone can become a multi millionaire. And this is coming from someone who's somewhat well off ($1MM+ net worth in my mid 20s). I was lucky to be born with a high IQ, I was lucky to go to a good college, I was lucky to stumble upon some good business opportunities early in life, I am lucky to have parents who taught me about money, careers etc. Sure, I have worked very hard, but if I was born into a shitty family with an average IQ I don't think I would be where I am in life today.

Sometimes the greater good of society is more important than 'muh freedom'. Perhaps I'd be more right-leaning if I was living in a country with tons of immigrants, but I don't. I know most poor people in my country want to work and contribute to society.

>>15742928
>or is it just people's feelings that are being hurt?
It's just poor people who are upset with knowing deep down that they're not proficient enough at what they do to be able to garner more wealth for themselves; and there are a lot of people like that in society.

It's okay to be poor, but don't complain about it. Just be smart with your money and you can eventually be rich. It just takes intellect and patience: especially the latter.

>>15743160
And just to be clear, when I say right-leaning I'm only talking about the size of the government/ taxes.

>>15743001
Iq is racist bullshit.

Anyone can become a multimillionaire today unless they're seriously unlucky or seriously stupid.

In 3yrs or less nowadays, you can go from not knowing how to code to making nearly $200k/yr at Facebook google etc. if you know how to game the interviews.

Teach yourself to code -> get a shit job at a shitty soul-crushing shitty dev team for six months -> keep learning to code -> get a job at a place that is decent but pays shit for a year -> get a job at regular place for a year while you teach yourself to code a linked list, a binary tree, etc., until you can do 60% of the problems when you choose at random from books like elements of programming interviews or cracking the coding interview -> (optional) find someone to refer you to Lyft, Uber, google, Airbnb, Amazon, Facebook, Microsoft, etc so you can get a higher chance of a recruiter bringing you in for an interview -> since you can do 60-80% of the problems in the interview books, you're probably good for 60-80% of the interview problems that get thrown at you. All you need to do is line up interviews with enough of these high-paying companies for you to get a lucky run of 4-5 questions at one of them.

Then you take your $180-200k per year and you live below your means, max out your 401k, max out your ira, etc. And maybe you get promoted in 1-2 years and now you're making $200-250k/yr. Or you switch to a different one of the same group of companies (easier because now they see a big name on your resume) for $200-250k without having to convince your first big company to promote you.

You can be a multimillionaire before most people retire if you do this.

>>15743133
>QE is supporting stock prices, without it you would have a drop,

Companies go into debt to purchase stock buy backs which is why corporate bonds IE junk bonds are so high. Stock price would also go back to it's true price.

>investors would start looking in other countries,

There's no better market than the U.S markets.

>general investment and employment rates would drop

Wall street and main street are mutually exclusive.

>>15743160
Folks worth $150,000.000 don't keep it in cash or cash equivalents at the bank.

Folks worth that much just don't sit around.

They invest. Sometimes to build companies or to angel invest in silicon valley startups. Often they double down on what got them there.

>>15743083
Only when resources are gathered together and put to good use by intelligent minds do we get wealth.

>Sees sand castles on a beach.
>I think this sand could be distributed in a different way.
>Kicks them over.
>Now just disorganized piles of nothing.

>>15743197
>, until you can do 60% of the problems when you choose at random from books like elements of programming interviews or cracking the coding interview
This should be 60-80%, not just 60%

If you went for 60% you'd better be able to get interviews with a lot of these companies.

If you can get to 90% then you may only need like 3-4 companies to interview you.

And.if you get rejected then you just study more for the next year and try again, this time with 80-95% instead of 60-80% as your target.

>>15743209
Yes? And? That's not an argument against any of what I said.

sounds like a few of you need to be lined up against the wall and shot

>>15743229
>That $50MM could be used to significantly improve the lives tens of thousands of poor people.
That's literally what they are doing.

>>15743229
>That $50MM could be used to significantly improve the lives tens of thousands of poor people.

$200,000,000 networth person seed invests in 20 Silicon Valley companies at $1,000,000 to start. $3,000,000 for the 10 that are still around 6 months later.

One of those companies is Uber.

>I was lucky to be born with a high IQ, I was lucky to go to a good college, I was lucky to stumble upon some good business opportunities early in life, I am lucky to have parents who taught me about money, careers etc. Sure, I have worked very hard, but if I was born into a shitty family with an average IQ I don't think I would be where I am in life today.

Impostor syndrome. I'm a software dev making the big bucks, this is a common issue with many folks.

>>15743197
>>15743224
its THAT easy guise ecks dee

>>15743266
Waaah guys it takes me a few weeks of my free time to learn a skill and then a couple years more experience and studying in order to get paid more than almost any person on the planet, this is so unfair it's impossible to become a multimillionaire reeee reeee eat the rich

>>15743276
Reeee guys I can make as much as a doctor in three years and do it without even going to college if I want to, this is so hard guys

>>15742999
Based trips of truth we call them the nouveau riche

>>15743276
>>15743285
you probably shouldnt double down, you're looking like a dingus now :(

>>15742928
well, the data doesn't exist because the rich are so good at hiding their income. talk to some CPAs and lawyers and woof... the reality is that the highest effective tax rate is on the middle class. it's a barrier keeping people from upward mobility from being poor to being rich. fuck the rich.

and this is coming from someone who is a top 5% income earner... shouldn't i be able to afford a house easily? nope because the top .1% are competing to scoop up as much real estate as they can.

but do they hurt THE ECONOMY? probably not. they're good for the economy. they just hurt people.

>>15743001
re: service - fuck yes. gotta go to the rich area for car service.

re: poor people are strung out on drugs... you might not have met that many rich people. or they're just better at hiding it. my wife is super rich (her family doesn't go through customs/immigration in certain countries, if that's a good indicator) and they've got more junkies than my super poor michigan family. i had the same experience going to an ivy league college... the rich were all crazy abusive/abuser fuckups who succeed in life because they have so much money that they can bankroll those crazy risks you talk about.

>>15742996

a normal person can save up to take one moonshot in their life. a trust funder can take dozens or hundreds. those "risks" they're taking aren't actually risks.

>>15743078
the top 1% pays 37% of taxes, the next 24% pay 48% of all taxes. what's your definition of ultra rich? because the numbers are "the top 50% of earners pay nearly all the taxes"

>>15742996
Another “rich people are just better than us!” bootlicker
No worries though, we can seize the wealth without your help. You can stay in your momma’s basement while it happens

>>15743292
I literally work for one of these companies and regularly interview candidates. This is literally what you can do. If skipping college and taking 2-3 years to get paid better than some medical doctors is too hard for you then you probably have some hard circumstances, but most people are middle class and should be able to do it.

If you have dependents, a serious illness, a criminal record, etc., then you probably won't be able to do this.

Any able-bodied young person from the middle class could easily do it, though. And some lower-income ones might have a chance if they're not already working two jobs so they have no time to study.

Most people who are able to go to college could do this instead of or during college.

>>15743094
i mean, i agree that low interest rates have been a big problem (look at the price of tuition holy shit)

but what do you do in an economy on the gold standard when all the money collects in the hands of the very few? that's the part i don't get. our income inequality is bad enough with money being printed all the time but wouldn't it be way worse on the gold standard?

maybe it'd be fine since there would be less inflation is the idea but in that scenario the wealthy have even more buying power than the rich. just seems like a faster track to class wars to me.

>>15743296
>and this is coming from someone who is a top 5% income earner... shouldn't i be able to afford a house easily? nope because the top .1% are competing to scoop up as much real estate as they can.
Dude, voters in NYC and California are the reason housing is so expensive.

They have ridiculous zoning standards that constrain the housing supply and then add rent control to really discourage anyone from building more.

The cities with the worst housing prices are full of people who prefer it that even though they complain about the prices.

>>15743326
>Most people who are able to go to college could do this instead of or during college.
And I'd note that if you can go to college, probably don't skip. But do learn to code while you're there.

The ultra rich don't do anything to the economy. Jeff Bezos net worth is $100 billion. It's mostly in Amazon stock, imagine tomorrow he decides to be altruistic and gives away millions of stocks to the people in need.

What do you think would happen to Amazon stock price when millions of people rush to the stock market to cash out their amazon stock?

That wealth only exists because it is hoarded by billionaires, it it were distributed among the population that wealth would simply evaporate.

It's incredible that I have to explain this in a business board...

>>15743361
>It's incredible that I have to explain this in a business board...

Thx he03n9FF for setting the record straight.

>>15743361
Bootlicker

>>15743160
>That $50MM could be used to significantly improve the lives tens of thousands of poor people.

Which one's do you "help"? You can help them for like 2 seconds.. About half the world's population lives on 2 dollars a day. Elon Musk keeping his wealth and building technologies and investing serves humanity better than if we took all of it and dispersed it among all the poor people.

They need to go. And they will.

>>15743256
>>15743251
An increase in consumption of $50MM has a huge positive ripple effect on the economy too.
> Impostor syndrome. I'm a software dev making the big bucks, this is a common issue with many folks.
You might wanna have a look at the correlation between parents' wealth/ level of education and the income of their children.

Even if we assume luck plays a small role in succes, I STILL think the ultra wealthy should taxed a higher rate than they are in the US (especially capital gains). As I said, I think the greater good of society sometimes is more important than 'muh freedom' and 'I worked for that'.

>>15743395
Self -> Family -> Community -> City/County -> State -> Country ------------> World.

I. Don't. Care. About non-Americans.

>>15743361
You actually understand how it works.
Also "hoarding cash" (which no rich person on the planet does) would just increase the value of cash which would help the average person. All the wealthy's wealth is in stocks, it's not actual money in their bank account. It doesn't take anything away from the economy at all.

>>15743344
i mean you're not wrong but what we're seeing is that real estate investors are propping up any city that's seeing growth. it's happening all over the country that people are getting priced out of their own cities. and what happens to those people? they get their payday and blow it over a few years because they are financially illiterate.

you're also missing out on the huge increase in demand from all these rich ass chinese cash buyers who are driving up prices on the entire western side of the US (hell, they're getting as far as denver and austin now... anywhere that cities are seeing growth).

and i'm not coming at this from a socialists point of view. i know those people who believe that the solution is to tax investment property at a high enough rate to disincentivize people doing it but... what stops them from just raising rent? and doesn't that increase demand for homes since everyone tries to own their home? it would drive prices up even more and fuck poor people even more.

i'm just seeing no way out of this, desu. inequality is going to grow more and more until class wars cause a reset.

>>15743197
People can become multi-millionaires by picking up a decent trade. I know a guy who is a welder and he is worth more than $1MM USD.

IQ is not "racist bullshit" it is simple scientific fact. The assertion that it is the sole determinant of success is certainly not true, though just because racists are using it doesn't make it racist. Actual success is now and has always been determined by a complex set of characteristics that go far beyond IQ.

White men don't rank at the top of IQ tests, but if you give a white man a hammer he will build a great civilization. Asians typically rank higher, and if you give an Asian man a hammer he will just make more hammers. Why? I have no idea but that is how it is.

A man can get rich building a great civilization and he can get rich making hammers.

>>15743001
One reason I hate myself is because I’ve been pretty rich all my life. Thank you for this change of perspective. I’ve only been hated by the working class but I think they stay that way because they’re so fucking negative about being rich and see it as betraying their kind if they were to make it. The lower class holds the lower class down

>>15743414
>Even if we assume luck plays a small role in success

Luck does play a part (right place, right time). No assumption is needed.

>I STILL think the ultra wealthy should taxed a higher rate than they are in the US (especially capital gains). As I said, I think the greater good of society sometimes is more important than 'muh freedom' and 'I worked for that'.

Those are your "feelings"

The facts:
My example of investing in Silicon Valley startups = jobs.

A democratic republic is not a perfect system. But, it's the best system that we have for generating wealth for the masses.

>>15743482
>>15743197
IQ isn't racist bullshit, it's society-specific and there are racist idiots who use IQ to say that people in africa are 70IQ because they don't know what a lamp is. comparing two people who both grew up middle class in america are going to be comparable, no matter their race.

>>15742996
>it is physically impossible to generate wealth without improving other people's lives
uhhhhhh payday loans? health insurance? extracting materials while poisoning people?

>>15743395
> Which one's do you "help"? You can help them for like 2 seconds..
What. Something tells me you're American. Look at countries like Norway, Denmark, Switzerland etc. There are literally no poor people (at least not by American standards). Poor Americans live like third worlders.
>>15743500
>Those are your "feelings"
> The facts:
You simply saying something is a fact doesn't make it a fact kek. You "feel" that investment capital is more important for society than restribution of wealth and an increase in consumption. Here, I will make a similar "argument" to prove your feelings wrong epic Ben Shapiro style:
An increase in wealth distribution = an increase in consumption = jobs

It's not that simple, big guy.

>>15742969
The top ~40% already pay 100% of taxes accounting for the bennies people get back, what the fuck do you want? Top 30% pays for all of it? Top 20$? Are we going to keep pushing it up till the people that own the businesses everyone is employed in and sells the products everyone buys just all leave?

>>15742928
For starters, the ultra rich don't show off their wealth like pic related. That's for plebs who pretend to be rich.
Second, wealthy people don't buy LV bags.

>>15743160
AKA let's let boomers and jews run things so they can determine how to control money so everyone can be maximally happy!
This is fucking retarded

>>15743251
Lol no they are not. This kind of capitalist bootlicking is why the system is destined to fall

>>15743197
IQ is basically the only valid thing about the social sciences and is EXTREMELY predictive. When researchers were asked to remove questions from IQ tests that could have any cultural bias, the IQ gap between races WIDENED. There is no scientific consensus that IQ is fake or useless, the exact opposite is true, and we have already found genes which account for ~50% of IQ. IQ is AT LEAST around 50% heritable.

>>15742928
Of course they hurt the economy, just look at it this way;
>let's say wal-mart owner makes 10 billion a year
>he still only eats and consumes/purchases stuff for a single person
Now if somehow he "only" made 10 million per year and every wal-mart employee gets a massive salary raise, well you know have a shitload of poor/average class people with a lot more income to spend and get the economy rolling

>>15743608
source? pretty sure this is /pol/true not actually true.

>>15743307
It's funny to me you think your movement of 20 something vegetarians, gays, and twink tier commies from middle class backgrounds are going to stage a violent revolution when most of america disagrees with you and their gun ownership is higher than ever before

>>15743422
I think a lot of North Americans value self/family more and value community/country less compared to a lot of other countries. That's why you don't get countries with lots of welfare. Perhaps it's because you guys lack a shared ethinical/ cultural identity. If I was surrounded by gibsmedats who don't want to contribute to society I might feel different about welfare too.

>>15743541
Ah, the democrat being snide. You clipped right after "The Facts:" (CNN style):
My example of investing in Silicon Valley startups = jobs.

It's true. It employs me.

Do jobs appear from the ether? Do jobs come from nothing?

No.

Wealthy folks invest into or create companies and employ people.

Chicken and the egg. Except, in Capitalism, we know what came first.

>>15743619
>he doesnt spend money maintaining walmart which employees and sells massive amounts of people and goods
>he doesnt open new walmarts opening new jobs and offering more cheap goods to people
>he doesnt spend that money in big purchases on things that have been manufactured injecting tons of money 99% of people cant provide into those industries
If you think the CEO of Walmart has the same spending impact on the economy as the average Joe you're very wrong

>>15742928
Income inequality reduces consumption, for the simple fact that rich households consume less of their income as a percentage than poor households. This isn't intrinsically good or bad, it simply is an outcome of income inequality. For very specifically the US, reduced consumption is generally a bad thing. For everywhere else, it's something that would likely make their economies healthier.

>>15743622
I dont browse /pol/ at all, check out "The Peoples Veto" videos
>inb4 hes a nazi youtuber
He actually cites sources throughout all of his videos unlike le edgy redpilled tubers and is himself an academic and provides sources in all descriptions, and is probably one of the most thorough people I have ever encountered when it comes to presenting data informed ideas

>>15743619
>let's say wal-mart owner makes 10 billion a year
He doesn't. Walmart's profit in 2018 was $6 billion and he owns 51% of the company.
>he still only eats and consumes/purchases stuff for a single person
And the rest is used for expanding the company. Opening new locations and hiring more employees. You know, stimulating the economy?
>Now if somehow he "only" made 10 million per year and every wal-mart employee gets a massive salary raise, well you know have a shitload of poor/average class people with a lot more income to spend and get the economy rolling
Walmart currently employees 2 million people. That would be arund $1500 per employee which is barely anything.

>>15743634
I'm not a American and I'm considered far right in my country. We have plenty of jobs in my country and our economy is doing great (just as good/better than the US by most metrics). As an added bonus, we have almost no crime, no homeless people in the streets, no people struggling to make ends meet, no opioid epidemic, no student debt, we have "free" health care, "free" education, almost all our cities are clean, and we take care of elderly and mentally ill who can't support themselves. But, yes you have more economic freedom. Congrats.

>>15743634
I'm not American and I'm considered far right in my country. We have plenty of jobs in my country and our economy is doing great (just as good/better than the US by most metrics). As an added bonus, we have almost no crime, no homeless people in the streets, no people living like third worlders, no opioid epidemic, no student debt, no poor children, we have "free" health care, "free" education, almost all our cities are clean, and we take good care of the elderly and mentally ill who can't support themselves. But, yes you have more economic freedom. Congrats.

>>15743701
Your budget is balanced directly by Uncle Sam paying for the world's economic security. Grab a random item in your house and start tracing the supply routes it took to make the thing, and realize the price of that object would go up every time it has to go across any non-freshwater body of water. The price will go up no fewer than a dozen times, and likely upwards of 30.

People who are truly rich do not buy frivolous things, because buying frivolous things is a behaviour that keeps the poor poor.
The only rich people who buy frivolous things are people who inherited the money or won the lottery.

>>15743721
Now the non-Americans show up. Great..

Without knowing the country that you speak of (please enlighten us?), the USA is not only the #1 economy of the world by GDP and PPP, it is also the worlds most diversified economy.

The most important question for you: is your standard of living sustainable over the next 30 years (Norway = socialism = oil)?

AND, please, enlighten us and let us know what country you reside in?

>>15743661
>>15743692
Ok perhaps wal-mart wasnt the best example
but my point is that rich people have millions/billions of dollars basically sitting there doing nothing

>>15743680
don't think you're recruiting anyone in this thread, idiot.

>>15742982
Undeniably yes. Society needs a fuck ton more workers than it does CEOs.

>>15742928
depends on who the ultra rich are, how they make money, what they do with the money, etc.
in a capitalist system, there is nothing wrong with ultra rich people. they are a great benefit to society and the economy.

>>15743779
>but my point is that rich people have millions/billions of dollars basically sitting there doing nothing
not true at all. you need to learn some basic economics. I recommend Milton Friedman videos on youtube.

>>15743197

> Iq is racist bullshit.
> Anyone can become a millionaire in IT

You do realize that being able to do IT is heavily IQ based, right?

Here is what happens to a low IQ IT wagie - constantly behind, confused, stressed, and struggling to keep up with work.

Leaves a bad impression interviews, gets passed up for "not being confident enough", etc.

>>15743197
you realize not everyone is smart enough to teach themselves programming? not everyone is like us

>>15743772
Might wanna get your facts straight. You're not the largest economy measured by PPP adjusted GDP (that's China). And you're far from #1 in terms of PPP adjusted GDP per capita. I live in Denmark, used to live in Norway.
> is your standard of living sustainable over the next 30 years
Wanna compare budget deficits? Denmark had a budget surplus of 0.5% GDP in 2018. And what about the US? Are things looking sustainable over there?

>>15743871
Oh, and if you didn't know, there's not a whole lot of natural ressources in Denmark (far less than the US). We have a very strong private sector and very free markets.

How about, instead of taxing rich people, we force them to spend their wealth?

Like say they have to spend 5% of their wealth on goods made in this country every year. It would stimulate the economy

>>15743909
wow imagine how well that works when your country is 40% wefareniggers

>>15742996
We're you born after the Panama papers were released or have you just forgotten about them?
The rich pay next to no tax. They remove huge amounts of capital from the economy and stash it in offshore tax haven while simultaneously lobbying to reduce the amount of tax they don't pay even more.
"Parasite" is the best word to describe them.

>>15742928
On average it’s the typical individual that collectively does more damage than a company. Fishing for example is a perfect example of this. It’s not the big fishing boats killing the fisheries it’s the indivuals in China and elsewhere overfishing. Same with the tax impact. Corporate taxes barely put a dent in expenditures, it’s the middle class that pays for all the welfare and wars. Not saying corporations shouldn’t pay taxes or held accountable for pollution but people need to take personal responsibility. The world would be a much better place.

>>15743924
Actually not a bad idea, and would probably be the end result of true free market trade.

>>15743078
The middle class pays the taxes. The lower incomes don’t pay the taxes, the 78 million which is mostly spics. Also why is it we are always talking about raising taxes and never about cutting spending.

>>15742928
the only people who really want to be rich are those who have never experienced it. money only solves problems on a short-term basis, which is what poor people who demand more money for doing literally nothing really want (e.g. pay off debts). what twitter retards don't understand is that accruing wealth is a long-term undertaking and needs to be viewed as such. in other words, this outrage is just people who suck at making money venting about how much they suck at making money without addressing any of the reason as to why they have no money in the first place, so their only logical response is to get mad at those who have money and demand it from them.

jealousy is a hell of a drug. also this >>15742948

>>15743940
>It’s not the big fishing boats killing the fisheries it’s the indivuals in China and elsewhere overfishing.
The Chinese boats doing the overfishing ARE the big fishing boats you moron fish stocks around the world are collapsing because the CCP keeps sending huge fucking trawlers into protected zones and then publicly claiming they don't exist.

>>15743871
Let me get my facts straight:

Denmark GDP = 300ish billion...

Not even close to the decai-trillionaire big league GDPs (USA 19.39 trillion) AND not even close to being an empire - sea to sea + territories + the US Navy controlling the sea transport lanes.

You have never managed an empire. Denmark, be quite.

Here is what I see:
Denmark isn't paying the NATO defined 2% of GDP (1.17%).

We should leave your fucking ass to the inevitable russian and or other Eurpean encroachment and pick up the scraps in 50 years.

USA should probably do that to everyone. Go ahead an have your wars. We will buy your land for pennies on the dollar in the future.

LOL!

>>15743625
Nice hick fantasy cleetus

>>15743964
>this level of black and white thinking

>>15743977
military and gdp fags sicken me

>you have never managed an empire
>denmark

weweee the absolute state of burger education

Less loopholes for rich people. EG creating a foundation for yourself that covers all your expenses a la Clinton foundation and less hand outs for poor and useless people.

Rich people create policies that fuck over everyone else like importing massive amount of third world slaves to put in debt and keep wages down in order to fuel unsustainable perputual growth. It's only fair that they take some responsibility for the societies that ultimately allowed them to become wealthy . You're not gonna see many super rich people coming out of countries where everyone is poor and stupid. And the ones who do come from those countries usually made their money in industries like human/drug trafficking or by using the state to create oligarchy's to extract public resources for themselves.

>>15743395
What the fuck? Literally by your own example, with $50M you could fund the full and healthy lives of 50,000 people for their entire lifespan if they really were living on $2 day. In b4 muh poverty, lives not worth living, etc. That's 50,000 full human lives full of experience, hardship, joy, etc. Versus the extraordinarily marginal utility of buying another yacht for richy mcrichpants. Yeah, I get it, this is 4chan and unless you're a rich white person living in america your life has no value and your life experiences aren't worth anything. There are 7+ billion other humans with richly lived daily experiences that would argue otherwise.

>>15743982
post last month's student loan bill

>>15743996
>military and gdp fags sicken me

Many Americans are not interested in babysitting Europeans (e.g. Euro: our roads wouldn't support tanks setting up a perimeter on the enemy). Many Americans, want to be done with you and your ilk forever (e.g. me).

Trump is the guy that could/would (I wish he did).

We would pick up the scraps in 20-30 years.

Until then, enjoy artificial GDP!

>>15743964
>>15744028

You are now trying to make fun of him for being poor? So being poor is bad? Or not? Pick one.

>>15743977
> Denmark has never managed an empire
Kek. The Danish Empire was huge and very powerful at its peak.

Lol at comparing raw GDPs. Thailand has a higher GDP than Denmark too. You should obviously be comparing GDP capita if you want to discuss the economic impact of taxes.

We all know America numba one in terms of military. This discussion isn't about war, it's about taxing the ultra rich.

>>15744040
>this level of phoneposting
i'm calling you out for being in the former camp. zero substance to back up your stance, not so ironically like the people on twitter. i'll make fun of you for being stupid all day, poor not so much. it just so happens that being poor and being stupid tend to go hand in hand.

It should also be said that billionaires act in their own self interest by lobbying the government's with their money to create systems that benefit them. Voting for taxes on the rich is just poor people acting in their own self interest

richfags horde wealth it would be better in the hands of poor people

>>15743924
that's what negative interest rates are

>>15743924
>thinking rich people hold cash
lol, they live on credit and only liquidate whats needed to pay off the balances. everything is tied up in something.

>>15743977
this is hilariously uneducated. you're making americans look bad.

>>15744028
b-but anon, i dont have a "student loan"

>>15744070

You are calling him out for having loans, i.e. being poor.

Or are you against education too? Or you think only the wealthy deserve education?

Pick a thesis you can stick to.

>>15744135
that's why I said wealth, brainmelt

>>15742996
Bootlicker.

>>15744136
>you're making americans look bad.

Oh no! Obama era - USA world apology tour, plz shame me!

Correct me, Pal.

USA didn't just win WW2. We are all currently living in the world of USA winning WW2. The entire western world (including Japan).

USA is a massive 300+ mil people.

Denmark population is less than 6 million (like Tennesse without the reserve currency, global navy, etc.....).

There is no comparison.

Focus on the raw issues. For most folks in this thread. It boils down to feelings or other insecurities in regards to dominating/winning.

>>15744025
>become an international paypig so that people who didn't build anything themselves can inherit the earth
Pass.

>>15742928
No

>>15744278

>Correct me, Pal.
>USA didn't just win WW2. We are all currently living in the world of USA winning WW2. The entire western world (including Japan).

The USSR inflicted 80% of the casualties on the Wehrmacht.

>>15744278
You're the one making this discussion about something else. We're talking about taxing the ultra wealthy, not military spending, geopolitics, how powerful the US is or how pathetic you think Denmark is.

I used Denmark as an example of a country where taxing the ultra wealthy at a far higher rate than the US works great by almost all metrics. We have a very healthy private sector, a budget surplus, wealthy people aren't running away from Denmark, we have no poor people, low crime rates, high GDP per capita, high levels of happiness etc. There are plenty of other countries/ economies that tax the ultra rich at a high rate that are doing great too.

>>15743924
>Forcing people to spend money on shit they don't need
That's fucking stupid.

>>15744332
It turns out you can do amazing things with the American industrial plant and a cadre of sociopathic Jews sacrificing the children of their host country.

>>15744360

>muh lendlease
>muh Jews

The USSR had a strong industrial base which was moved behind the front. It also did most of the fighting and won WWII for the world. You are straight-up wrong on:

>USA didn't just win WW2, it also blah blah

>>15742928
>Do the ultra rich actually hurt the economy

They actually hurt the world and do nothing for the community. Pretty much plebiscites on steroids.

>>15742996
>wealth is really just a measure of the positive impact you've had on others

>>15744343
>I used Denmark as an example of a country where taxing the ultra wealthy at a far higher rate than the US works great by almost all metrics.
Then you should understand that you cannot compare apples to oranges.

USA != Denmark in regards to:
-Population
-Economy
-Skillsets
-Demographics
-etc.....
-...
-..

You are a country of < 6 million of relative homogeneous backgrounds on average.

You. Are. Not. The USA.

>>15742928

Don't forget the Rothschilds' own 80% of the banks and financial institutions and have a major wealth of 700 trillion dollars.

The Rothschilds' can fund everyone in the united states for decades and still be in control.

>>15744360
>cadre of sociopathic Jews sacrificing the children of their host country.

Tell me, is there any wrong in the world that you can't or don't blame on a tiny nonviolent minority it's completely safe to attack?

A minority that apparently *really* runs the military, and just... forces presidents and generals to "sacrifice children" for... well, who needs a reason, right?

Cute how you say "host" as if natural born American jews are really just visiting parasites, deposited temporarily by the Elders of Zion as sleeper agents. Even the ones who fight and die in those wars you blame on them.

Why are anti semites always so fucking stupid?

>>15744430

>a tiny nonviolent minority it's completely safe to attack?

I don't care about Jews one way or the other, but...

>nonviolant
>safe to attack
>tiny (in terms of military equipment)

>>15743078
>US is 56% white
>44% on welfare
Hmm.

>>15742928
Fuck those watches are the ugliest in the game. Buy a grand seiko for a 20th the price.

>>15743078
No, middle class people do. People like Mitt Romney play like 15% while the average joe pays closer to 30

>>15742996
Are you a fucking meme sir?

>>15742996
Atlas Coomed

>>15743197
It's borderline sadistic saying anyone can do and should strive for very cognitively demanding professions

>>15743622
It's well known in the field that the gap is larger on things like spatial reasoning than verbal stuff, which are shown to be much more determined by genetics. Cba to find you shit on my phone

>>15744919
But the subtest heridability stuff is of course even more specific. Was in my teens when I intregated this info into my worldview

>>15743814
Not true are all, please educate yourself. Thank you!

>/leftypol/ thread
>58 retards entertain the fag
never change new fags and idiots

>>15743779
>but my point is that rich people have millions/billions of dollars basically sitting there doing nothing

You are very obviously not rich. You think they have a savings account with millions of $$$ in it?

>>15742928
the uber rich pay little tax
the average rich pay a lot of taxes

>>15744278
>>15744397
>didnt even address the fact that he knows nothing about history

>>15743001
Based post
Where are some ultra rich areas

>>15743001
"You have to learn to be rich. Being poor, anyone can manage."
-Gustavo Fring (Breaking Bad)

>>15745448
>Breaking Bad

>>15744423
theres not that much money in the world stfu larping cunt

>>15742996
someone who makes 1 million annually and gives up a whopping 50% of it to taxes would still live an astronomically more comfortable life than someone making 100k annually paying
It's a mere addiction to luxury and nothing else

>>15745668
100k annually paying 25%*

>>15742928
Virgin faggot hands

>>15742996
Porn producers are indeed improving other people’s lives. Absolutely deluded.

IQ and racism are both vague concepts cooked up by academia as attempts to measure and quantify the human psyche. Absolute bullshit, neither concept is intrinsic or necessary to explain what they attempt to explain and neither concept succeeds at explaining what it sets out to explain. Additionally each of these concepts have been hijacked by political groups.

Grow out of this shit.

>>15742999
yeah, the average car price for billionaires is around $65k. Maybe their spoiled children make retarded purchases, but they'll eventually go broke. Strong men => good times => weak men...yadayada

>>15742928
saw some rich kids in vegas. absolutely insufferable and arrogant. i guess the ones that arent cunts i wouldnt have noticed anyway.

>>15743948
>never about cutting spending.

Because cutting spending doesn't mean taking away money from all those poor people you hate. It actually means cutting back on the absurd amount of money our government gives to corporations through the MIC, building projects, and infrastructure. To cut spendin is to cut jobs.

>>15743436
>Also "hoarding cash" (which no rich person on the planet does) would just increase the value of cash which would help the average person.
Firstly, the amount of cash in the economy isn't fixed, so your argument is void.
Secondly, increasing the amount of cash in the economy would only help the average person if the average person was cash rich, which isn't the case.
Thirdly, if there's less cash being spent then it's much more difficult to make money. So the people who need money most would be worse off.

>>15744121
So they could buy more poor people toys until money runs out and demand for more

>>15742928
Soft kill genocide of the poor, planet-wide.
Wake up, Mr. Freeman. Wake up and smell the ashes.

>>15742928
There are various studies from Europe indicating that the richest families from hundreds of years ago are still the richest families today. The one name everybody knows is Rothschild.

For me these super long term wealth hoarders leave a rather parasitic impression and they should probably have it capped hard.

I understand the value of hard and smart work but once you have built a generational dynasty the system becomes rigged in your favor in too many ways.

>>15743520
What? No. Middle class blacks still have lower IQ. IQ is genetic.

>>15743964
Most people don't want to be ultra -rich. When i sit down and make a list of all of the things that I REALLY want in life(eat at a few really expensive restaurants, travel to different countries, buy my own place, etc), it doesn't even add up to a million dollars. After you've done that stuff for about a year or two, you get really bored. If you're an interesting person, you can always find new hobbies, but money can't buy you a personality. No amount of money will ever make you not boring. I've met lots of young, rich people that are just fucking boring. I think it's a waste honestly.

>>15742928
socialists old boomer dinosaurs of diverse origin ruin the economy

>>15743160
>If you have $150MM you're (almost) as happy as someone with $200MM.
>assumes I want to be "happy"
>assumes what makes me "happy"
>uses it to justify stealing my shit
Fuck you.

>>15743078
The welfare state is fucking disgusting. Out of my 40 hour week 10 of those hours go directly to the government.

>>15742996
Libertarian propaganda like clockwork

>>15743197

This is UTTER BULLSHIT. FUCKING HORSE SHIT

YOU HAVE NO FUCKING IDEA WITH WHOM YOU WILL TRYING TO COMPETE

a Stanford or MIT quant from, say, Hong Kong, Beijing or Singapore or whenever it is, will not even look at you.

You have no fucking idea what kind of people are there.

Learn to code? My ass. Go, try to contribute to Tensorflow or PyTorch or even Chromium

Fucking imbecile degenerate.

>>15743160
This anon gets it minus not being aware of immigration being a tool of the rich to get cheap labor supply

>>15746046

oh, just shut the fuck up

a third generation of so-called middle-class family, lets say, engineers or math teachers would have WAY higher IQ score than some rural Alabama redneck's offsprings

It is fucking selection, you dumb fuck, It fucking works

>>15743197
>Just go out and get a job bro.
I can tell you're one of those guys over 35 that got his foot in the door back when all you needed to get a coding job was to write a couple lines of Java. Times have changed. I did coding internships and taught myself to code, but without connections you will not get a fucking coding job. You'll just spend months applying to places that want you to work for free while they get rich. Kys.

>>15747124

This nigga gets it.

Stanford and MIT grads are in demand. Self-taught (they *think* they know shit) are way inferior, incomparable inferior

The top-tier uni is just a filter. It drops inferiority and mediocrity and gives one world-wide recognizable certificate (for $120k, that one is indeed smart and has the right *habits*.

Just this.

Typical rich country circlejerk.
We still live in a neocolonial world and rich countries keep inflation low and gdp growth constant by passing the inflation to the colonial nations. You sell your overpriced shit to us (think the iphone but in all industries} while we sell you our resources and services (BPO) dirt cheap. And you have the gall to complain about immigrants and losing jobs to chyna (an abberation in the world order since they have economies of scale beyond any other nation). And you wonder why countries like Argentina and venezuela blow up. Its the same game since the 1500s, just a different paradigm and more deception. Why do you think US equities keep growing while the rest of the world dont share much in the gains?

>>15746046
Based

>>15742996
>OP, rich people are rich because they've taken massive risks,

I don't think this is even remotely true.
First, rich are often born from the rich.
Second, the rich don't take risks. They invest smart. Poor people are the ones who take risks.

>>15747186
It's obvious but the alternative is nuking you to shit and the realist's position is that it's better to at least live and maybe have a chance of escaping your hellholes.

>>15747181
Most coders that make those insanely high salaries don't do shit at work. They do maybe 2 hours of actual work a day and they get paid 300k+ a year. And the elites know this. That's why it's so impossible to get your foot in these days. Why do you think so many pajeets are working coding jobs now? They were brought into the country to suppress tech wages. God forbid they should give those jobs to Whites and we actually have a flourishing middle class in this country again.

>>15747211
Rich people take managed risks
You can't increase wealth quickly without some level of risk

>>15742928
>we should tax the rich more
they can always leave your country, use taxation loopholes and spend money in an other country
taxation should be more fair, in europe they are destroying the middle class to pay welfareniggers sitting on the coach all day, and everybody thinks that millionaires are bad people
this is so fucked up cause it remove incentives to work harder to improve your financials/company
a lot of people are capping their income to avoid higher taxation brakets
this is so fucked up, like next level fucked up

>>15747186
800 years of colonization here. Instead of complaining about the game why not play it for a minute? Some player tries to eat my country every few years and every time they regret it. Uninvited FBI agents are deported.
>And you wonder why countries like Argentina and venezuela blow up.
I don't. It's because they're full of niggers.

>>15742928
they dont hurt the economy but they are wrecklessly stupid consumers and they will find it difficult to enter heaven. not that it is impossible to enter heaven but its prob hard to enter heaven when you know about all the suffering in the world and you spend a persons yearly salary on a watch

also the luxury good market is primarily bought up by black people Arabs, Persians and Indians

most white americans are afraid of such extravagance after the great reset of the 1920's

>>15743871
fucking north european faggot
you think budget surplus and debt sustainability is something real
you think you need to have balance sheets in order
you literally forced greek hospitals to stop chemotherapy for patients because "muh there is no money"
grow the fuck up
it's a monetary system based on debt
money are created out of debt, and most importantly out of thin air
debt can only increase, because of the monetary system architecture
it's fucking math
meanwhile us and china are printing trillions and buying ports and airports all over europe
you can clean your ass with your stable euro once you have nothing left and you destroyed all the economies
even the fucking ecb is telling everybody to use the fucking euro they are trying to inject, they are even thinking about elicopter money, and you are still fucking obsessed with sustainability
what the fucking fuck, europe is in a giant recession, it's destroying the middle class because of crazy taxation and people want open borders to pay welfare to niggers
WHAT THE FUCK EUROPE

>>15747186
Typical irresponsible retard who's unwilling to acknowledge that personal decision making plays a part in people's personal financial situations.
>We still live in a neocolonial world and rich countries keep inflation low and gdp growth constant by passing the inflation to the colonial nations. You sell your overpriced shit to us (think the iphone but in all industries} while we sell you our resources and services (BPO) dirt cheap
No one put a gun to your head and forced you to buy anything. An American is retarded for buying an iPhone and so is a third worlder like you.

>>15742928
Here in Northern, VA, income inequality is already a problem. Now Bezos has made it worse. Real estate prices have doubled since HQ2 was announced.

>>15747388
>you think budget surplus and debt sustainability is something real
It is when all you do is eat smorrebrod with ham and drink beer. It's a locally sustainable loop like economies are imagined in textbooks. Nothing like the US or China.

>>15747339
>play the game, youll win eventually
lol
Yeah maybe individuals can rise up and become actual rich people.
But poor countries becoming rich is a meme without some sort of state capitalist system in place. Someone has to be the bottom of the pyramid. Why do you think the US screams muh freedoms all the time when a country decides to be more authoritarian. The globalist world order is a scam and everyone here knows it.

I just wish we didn't go through the whole decolonization/democratization period and you just turned all other areas into actual colonies and client states. Then at least, you WHITES have some direct responsibility over those who are supposedly inferior to you. Not this bullshit we are all equal nations on earth deal. It's a farce.

>>15747427
>The globalist world order is a scam and everyone here knows it.
So you analyze and exploit the system. The trick is not to waffle which every nation south of the equator always does. If a decision is made it will be reversed next week. This is a result of a complete lack of an elite upper class with actual skin in the game. Regular uprisings against anyone successful makes sure it remains that way.

>>15747410
im not even against that, of course a person ultimately has power over his own circumstances. I am just pointing out the hypocrisy of this thread. While you people talk about wealth inequality in your RICH CLUB countries, all your businesses are propped up in the back by faceless thousands of third worlders continuously being squeezed without them even knowing it. It's a travesty and the best retort you can come up is that we're subhuman haha funny

>>15747186
This anon gets it. Neocolonialism and capitalism are the problems. But immigration and multicult is also an internal ideological issue. ie: liberalism

>>15747410
Fuck off . You aren't concerned with solving problems. Your kind just likes to call people retard without doing anything to affect outcomes.
>>15747487
For what it's worth, those corporations don't give a shit about poor whites either. We are all pawns in their game. You have it worse though.

>>15747487
People who talk about wealth inequality as a problem in the US are the equivalent of third worlders like you who buy iPhones. Each of you have power over your own circumstances.

>>15747508
>Fuck off . You aren't concerned with solving problems. Your kind just likes to call people retard without doing anything to affect outcomes.
The problem is already solved, retard - have control of what you buy and spend and kill or leave any government who doesn't let you.

>>15747519
>>15747526
You have no place in a serious conversation then. You will accept any status quo and call the masses retarded like an edgy teen.

>>15747186
yikeees.Read friedman , mises and hayek. Argentina and Venezuela blow up because of the incompetent leaders , corruption and shitty socialist promises.When did biz go so wrong.Literally lowest iq comment i have ever seen.No one is stopping you creating wealth except your own shitty government.

>>15747508
im not actually against capitalism-- just it's current form that allows global corporate entities that work like the mafia and exploit the world through rent-seeking activities. It's simply criminal. If there was some way we can live in a more decentralized world where buyers and sellers can come together directly with little wealth siphoned off through systems that enable them to trade then I'm all for it. But it's still a pipe dream

>>15747421
I'm not from America but I sympathize because Virginia sounds based.

i hope millienials will elect Cortez in the upcoming decade.I will gladly short the US economy and see it burn it to the ground by socialist retards.Rome fell due to socialism and immigration.US will too.

>>15747561
>being in charge of verifying seriousness when you can't answer a simple criticism about people's spending habits
Third worlder retard

>>15747569
>argentina
>socialist
what?
Also you guys have a lot of corruption in your own nations (and shitty socialist promises especially in european ones) so why don't your countries "blow up"?
The writing is on the wall you just keep your eyes blind to the truth. The fact that the global left doesnt talk about neocolonialism is already proof enough that they give colored peoples token rights and honors just to make it appear like the world is moving the right way

>>15747596
Why would the champagne socialists, most of them with investments in the big compan, want to bring down Western Capitalism? They just need a market to sell their books and give paid speeches, so they LARP as Che Guevara. It's obvious that "they don't care about us", only Michael Jackson did, for like 10 minutes in-between coke and willy sniffing sessions.

>>15747596
Argentina restricting capital freedoms is not a capitalist movement is it ? Yep writing is on the wall.Imagine thinking european and scandinavian countries are socialist.They have more social benefits.That doesnt mean they restrict capital movements.You guys suck at managing economies.You elect the guys that promises the most gibs.They ran out of other peoples money.Country goes bankrupt.Fuck why are we poor they exploit us REEEEE.

>>15747673
They are restricting capital movements because of capital outflows, which means that no one wants to have their money there in the first place. Now that might be their fault, but it's a different story.

>>15747673
i dont want to bring out charts and shit for this but just remember 30 years ago prices for goods in the first world vs. third world were far apart. Now it's literally the same but wage growth in our nations didn't grow to the same level? Why is that?
I'm not even disagreeing that our leaders are shit, maybe worse. No shit
But clearly your hayek/mises kool aid isn't all that there is to it huh. Again no one would tell the truth about this, and I'm not farming for sympathy. It's just the way things are, if there's a pyramid of rich and poor people, there's a pyramid of rich and poor countries.

>>15747673
>That doesnt mean they restrict capital movements.
They all did in 2008. So did Britain.

>>15747410
confirmed brainlet. what about expensive machinery that is needed for producing goods and capital that is needed to get business of the ground? what about lack of know-how in these countries, which western universities REFUSE to share with poorer countries? (see paywalls on research etc.)
Typical muh freedoms, git er done, just work hard and be yourself boomer logic here.

If you take 10000k people add all there income and tax you basically have less productivity and pay less tax and also mainly buy nigger products made in China rather than luxury products usually made in the west. So basically a very rich person is just like a better 10000k or more of normies.

>>15747965
this isn't the worst part of it
just imagine for example i am a company that sells virtual assistant services to the US
to get it going, I have to host the website through amazon web services
I have to buy ads in google and fb to market
I have to receive payments through paypal
Basically I get taxed by these companies to make a profit
>but anon without them you wouldn't have this opportunity to begin with
but do I have a choice? do they have competition that I can choose a better price point?
but fuck, anyone can out compete me.
someone can undercut my rates anytime and ill be out of business
this is practically the case for pretty much all industries, only those with monopolies can continue growing larger
this is the same with rich countries, since they already have the base engine of economic growth and keep these global corporations under their belt, they will always be ahead of the rest

I choose "value for money" for expensive and depreciating stuff like cars, but "the best money can buy" for what can improve my life quality.

Am I going to make it?

The ultra rich typically don't engage in conspicuous consumption. That's something that new money does to signal that they aren't poor any more. It's part of why 90% of family fortunes are lost within three generations. The remaining 10% socially acclimates to the old money's way of doing things. Their attrition rate is much lower and they don't signal wealth the same way.

>actually hurt the economy

It's not that they're, in and of themselves, hurting. It's like in monopoly when you've reached a state where a handful of players basically own everything on the board and have built hotels everywhere. If your economy has gotten to this point without shuffling some of the wealth back around to keep the game going then you're looking at a nearly zero sum game that will inevitably break down.

>>15747965
>what about lack of know-how in these countries, which western universities REFUSE to share with poorer countries?
Western countries weren't magically bestowed resources. They also created them from the ground up. You third worlders can't because you're brainlets and beggars in the face of not being able to innovate. That's what you get for cultivating stupidity and subhumans. LMAO

Imagine being proud of your point when it practically boils down to
>My competitor didn't share with me!!!

Fucking pussy

>>15748185
well its more like a keep getting jewed by an unfair and skewed system which benefits the 1%, well better keep on wagecucking and hoping my crypto will grow 2000%!!!

>>15748226
>shit's unfair because people don't share with me!!!
Fucking pussy. Get a grip beggar.

>>15748185
>created from the ground up
>through raiding and violence
how is that competition that's just by standards you set? your "ground" was built hundreds of years ago by men definitely more savage than you are with your posts
i suggest you read The Law of Civilization and Decay by Brooks Adams-- a white person so youll probably respect him. He's not some "economics" person, a real scholar and basically outlines my position here

>>15743792
Imagine actually being this brainwashed. Any factory drone can easily be replaced by thousands of others, the same can't be said of every CEO

>>15748250
nah dude i alredy live in a socialist country in Europe, we are fine, our lifequality and average saved capital are much higher than in the US, turns out bitching and fighting for your rights actually does something

>>15748128
>lack of education
Valid point.
>sells virtual assistant services to the US
An example of how the economic policies of the west actually subsidizes the third world which drives local western business out of that space.
>I have to host the website through amazon web services
You can run your own server. For most purposes a 30 year old desktop is enough.
>I have to buy ads in google and fb to market
Because that's the market you chose to focus on retard. Start selling coconuts to niggers if you don't like it.
>do they have competition that I can choose a better price point?
I have access to competitive solutions but you don't because you have no idea what you're doing so you need to buy prepacked products from white men that do.

>>15742996
wow, so this is the power of american education

>>15748128
>someone can undercut my rates anytime and ill be out of business

good customer service sells, not -%10 off the product.

>>15747519
Individuals do not actually have any meaningful power over systemic conditions. So no, complaining about capitalism on twitter using your iphone does not invalidate the opinion.

>>15748391
i dont want to argue the specifics, obviously i took to simplifying this but you get the idea. in any case selling stuff through the internet is an all roads lead to rome type deal, who doesnt search stuff on google first? why run your own server when you can propagate it on amazon and the load times are faster globally? its these advantages that you cant do without if you want to scale.
im perfectly aware there are outliers, and obviously that's where you want to be-- those that innovate beyond current market conditions. but no one can deny the game is rigged before you even play

>>15748409
Not even just customer service but all kinda of things.

Think about it, Walmart has cheap pieces but some people refuse to shop there because of the perceived social stigma of those low prices. Something like whole foods also made their name by charging more and creating a perception of being high end.

People who only view competition as a price war are idiots.

>>15748252
Loved your posts and I will check that book out for sure. Playing with crypto has led me to appreciate how it's ponzis all the way down. Bitcoin is a ponzi built on top of the broader asset market which is a ponzi which is built upon extractive/exploitative capital/labor relationships which is a ponzi which (in USA) itself is built on a ponzi pyramid of third world countries locked in the same kinds of relationships but on national scales.

Sometimes I think about being a poor ecuadorian living in a favela literally at the bottom of all the combined pyramid schemes. Eating locusts and drinking donkey piss to survive just because I lost the birth lottery. While the sum of all my labor, refined through dozens of cycles of appropriation and capital extraction, goes towards funding 1/1,000,000th of some oligarch's next yacht purchase. It's fractally fucked.

>>15748483
>the game is rigged
It's unfair that you were born retarded but that doesn't make the game rigged.

>>15743160
>Sometimes the greater good of society is more important than 'muh freedom'

How convenient for the guy trying to make the rule.

>>15748483
rigged games are the easiest to beat

>>15748525
yes finally someone gets it
im not even saying its "bad"
im just saying it needs improvement
because it's an inefficient appropriation of wealth and talent

an idea im messing around with is what if governments when identifying a corporation as engaging in monopolistic business, they get a charter where they have ten years to extract all the profit they can off it then once that's over they either are broken up or its shares are bought up by the government with profits to be used by the government. Obviously the government that does this wouldnt look like governments we have today. But wouldnt it be fascinating that wealth and intelligent individuals dont have to work towards making another cancerous blight and actually use their innovative abilities elsewhere?

>>15747583
I'm a white american faggot

>>15748569
So true

>>15743001
This has been my limited experience as well, the rich are more likely to compete and fight with eachother than have any desire to walk on the poor or whatever the communists are imagining. When I worked as a florist in a rich neighbourhood, it was actually funny (and profitable) to watch all the housewives try to outdo eachother in floral displays for church and their parties. And in this sense, trickle down does work.

It's all moot anyway, wealth rarely stays in the same family for long. There's always some trust-fund kid down the line that blows his wealth on stupid shit, leading to a new person getting rich and so on and so forth.

>>15742928
I don't know, they have literally exploiting thousands of people of their surplus labor.
>>15742948
Oh the human nature post. That's deep anon.
>Capitalism is why the USA is so rich (PPP) relative to the rest of the world (hello Venezuala).
Like Venezuala isn't Capitalist. Re-read your definitions.

>>15747181
You sound mad.

how about lower taxes but enforce stricter tax haven laws

>>15748521
>People who only view competition as a price war are idiots.

Yea but people who pay an 15% for their goods just to avoid fat and poor people aren't much smarter. I still shop at Walmart, but only because it's closer to my house.

>>15750232
What you have to consider about raising taxes is that you are essentially asking rich people to tax themselves. Most politicians come from money, and those who don't have probably worked their way into it somehow. Even the most liberal politicians are gonna leave some loopholes that allow them to get out of paying some tax. To truly raise taxes on rich people you need to find not just one honest politician, but enough to actually pass a vote.

That's like asking someone to go out and find you a bundle of blue oranges.

>>15742996
The only other reason I could see for exorbitant taxes on the rich is for the government to keep them safe and protect their families assets. Extortion in a sense. It's probably in the 1%s best interest to keep the rabble satisfied so they don't come to their homes with pitchforks and torches

>>15742996
>"Rich people are rich because of risk and effort"
Mein sides. People are rich because they were born into wealth.

>>15749202
if even venezuela—a highly socialist country where every time someone wants to put a screw through a board of wood the matter must be brought to the attention of a government bureau who will then take a year's time and taxpayer-funded salaries to approve or reject your application—in your mind is "capitalist", then why the hell would i or anyone else even bother arguing with you

>>15749202
if even venezuela—a highly socialist country where every time someone wants to put a screw through a board of wood the matter must be brought to the attention of a government bureau who will then take a year's time and a year's worth of taxpayer-funded salaries to every one of the government's offices involved in the process to approve or reject your application—in your mind is "capitalist", then why the hell would i or anyone else even bother arguing with you

>>15742996
>rich people are rich because they've taken massive risks, put in effort and had superhuman abilities
>it is physically impossible to generate wealth without improving other people's lives
Ok I think it's about time for a revolution.

>>15742928
it's easier to work for yourself, buying property, than working min wage fore someone else. Trust me, I know thanks to BTC.
The rich aren't that special usually. Bezos and gates survived by having monopolies and 1 good idea. Amazon is the ugliest site in the world for it's whole life. we can replace these fucks with the next uber or tesla, there's always another rich dude willing to make a buck off your work

>>15750661
>You now realize that the American era is only here now because military strength in America forces the rest of the world to accept our funny money

>>15750661
its not debt, its leverage.

>>15742996

This post is pure delusion. Most wealth is landed not necessarily by direct inheritance (but very often so), but also by systemic quirks that favor certain people, classes, races, etc, and exclude others. Luck is also a huge factor. Some wealth comes from people being extraordinarily brilliant and hardworking, but don't kid yourself and others that most wealth comes from this.

The "interest" that people have to begin businesses and trade is not trade itself and the betterment of society. This is also fucking stupid. Under capitalism, which fetishizes money instead of use value, the only meaningful difference in trade is the creation of more wealth for themselves. Things with use value are qualitatively different so there is gain to be had from trading a commodity for money so you can get another commodity you need, but capitalism values the use of money to create a commodity to make more money. Money has no qualitative difference, so the only meaningful difference is quantitative (making profit). Profit is made on a systemic level from worker exploitation, not from selling for more than you made something for. Anyone who believes in the free market knows that markets prevent price markups by allowing other businesses to make the same thing and undercut you, so generally things have to be sold for what they cost to make. The profit comes from making workers work for longer than it takes for them to produce their own take home wages.

Fucking think through your dumb shit before you post on the internet.

>>15747582
The earliest that AOC can run is 2028. The US economy will already be in ruins, like Japan is now, with more elderly people needing care than young people to provide it.

>>15742996
Absolutely based and redpilled anon.
You can always tell that a post has struck gold when the shills and Bernout commie redditors get asspained, look at all these (Yous) he got just for stating the truth kek

>>15748280
>CEO's are based guys, quick let's give them more money!

>>15750661
Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.

>>15742996
1.) Based
2.) Red-Pilled

>>15752033
>the non-act of simply *not taking someone's money* is, literally speaking, the act of giving someone money
i actually unironically feel like i'm losing iq points when i read or respond to commie posts at this point
it really is like a critical section of DNA that's found mostly in whites and that caused western society to flourish in the first place is completely absent from them, and i really just don't fucking care any more
why argue with people who want to FORCE you to assimilate into their shitty self-annihilatory society when you and people like you are literally ten times as capable of building a society that's free and produces a net positive of wealth
like, why not just announce your intentions, do what you want to do on land that is rightfully yours, and then defend yourself with the use of deadly force against anyone who is so insistent that you be absorbed into their almighty gasoline-soaked trainwreck parody of western society in which it takes 40 years to buy a fucking house that they'd be willing to risk dying to invariably uphold their own undeniable enslavement
why not just not give a fuck
i don't see what the huge problem is
what—you're gonna go to jail? for making cheap and high-quality houses, furniture, clothing, food, raw materials, tools, small arms, and code for people? for giving people a reason to fucking live? maybe, without too much delay, also cars, high technology, large armaments, machining equipment, and more if some of the knowledgeable people remaining in those industries in america who wish to join your society of true, near-zero or straight zero-tax free enterprise?
like, really? prison? for making wealth, completely on the basis of voluntarism? imagine being in control of the current shitshow society, and being so deluded that you actually no longer understand the difference between wealth and currency
like, you're not even the ringleader of a circus at that point—you're just nouveau riche facing a harder fall

>>15752033
>the non-act of simply *not taking someone's money* is, literally speaking, the act of giving someone money
i actually unironically feel like i'm losing iq points when i read or respond to commie posts at this point
it really is like a critical section of DNA that's found mostly in whites and that caused western society to flourish in the first place is completely absent from them, and i really just don't fucking care any more
why argue with people who want to FORCE you to assimilate into their shitty self-annihilatory society when you and people like you are literally ten times as capable of building a society that's free and produces a net positive of wealth
like, why not just announce your intentions, do what you want to do on land that is rightfully yours, and then defend yourself with the use of deadly force against anyone who is so insistent that you be absorbed into their almighty gasoline-soaked trainwreck parody of western society in which it takes 40 years to buy a fucking house that they'd be willing to risk dying to invariably uphold their own undeniable enslavement
why not just not give a fuck
i don't see what the huge problem is
what—you're gonna go to jail? for making cheap and high-quality houses, furniture, clothing, food, raw materials, tools, small arms, and code for people? for giving people a reason to fucking live? maybe, without too much delay, also cars, high technology, large armaments, machining equipment, and more if joined by some of the knowledgeable people remaining in those industries in america who admire your society of true, near-zero or straight zero-tax free enterprise?
again—prison? for making wealth, completely on the basis of voluntarism? imagine being in control of the current shitshow society, and being so deluded that you actually no longer understand the difference between wealth and currency
like, you're not even the ringleader of a circus at that point—you're just nouveau riche facing a harder fall

>>15747421
Amazon's presence will have a massive ripple effect on the entire DC metropolitan area. Hell even in the ghetto of DC a SFH is worth over $450k while the row homes and duplexes are worth $350k and up.

>>15744004
>You're not gonna see many super rich people coming out of countries where everyone is poor and stupid
Russia is #1 in the amount of millionaires and billionaires iirc

>>15742928
Ultra rich is fine as long as it's someone with brains.

The problem comes when you have stupid people with lots of money who literally spend it on shit.

>>15742928
They help the economy, unironically.
"Gold sink" doesn't exist only in videogames. If money was all in circulation while still being printed out en masse it would devaluate extremely quickly.

>>15743160

>1mil+ networth in mid-20s
>somewhat well-off

Do you live in a citadel? How else could you be so insulated from reality? SOMEWHAT well-off?

Let me give you a hint: At a 1 million dollar net worth, you're in the top .56% richest people in the world. Pic related. I agree with your post as a whole, but casual asides like this are why people end up resenting the rich. Enjoy what you have, just please be aware how unbelievably fortunate you are.

http://www.globalrichlist.com/wealth

>>15742996
Lmao

>>15743094

>mentions stagnating wage growth
>doesn't mention it coincided with the decline of unions

>tfw this thread is STILL going

>>15753666
based trips

>>15742996
i can't believe this isn't bait

>>15742928
They hurt themselves through material consumerism. This makes their egos grow even bigger and much further than pure spirituality.

tl;dr the biggest tragedy is spiritual rather than environmental

>>15743631
true

>>15748525

great comment

>>15743160
>That $50MM could be used to significantly improve the lives tens of thousands of poor people.
>50MM/10K = 5K
what are they gonna do with 5K? Buy a TV? kek
And you said tens of thousands plural

>>15744470
Pure coincidence

>>15742996

What are negative externalities?: the post

>>15743587
>I don't want the companies making my food, or my clothes, or my phone, or building my home, or the ones providing my internet, I just want $5K in cash

>>15742928
There are a few directions we can take this

1. Large sums of money hurt liquidity of the system. Thus making the whole market less effective at solving problems as prescribed by traditional capitalism. Thus traditional capitalism actually has a maximum optimal money peak. While the value of such a point is up for debate, it is hard to stand by the claim that the very rich have not passed it and thus are hurting the system we all use for everything. Similarly you can relabel this as an excessive drag effect on the Keynesian multiplier from wealth concentration and get very similar negative results

2. There are also practical limits like consumption given how much the rich realistically spend. Food is a common example as they can only eat so much and will be less inclined to over pay after a certain point. So if you use a consumption model you don't want people to be too rich as again it hurts the system. As getting them to buy more only works to a point. An alternative to buying in volume is for them to buy more expensive things like jets and mega-houses to release money back into the system, but that creates an even bigger problem of misdirecting the markets as industry forms around the money sources rather then functional needs. This can later collapse the whole system as things get too far from reality over time.

3. People use relativistic happiness often overly unitized by money, so having a small group too rich actually will hurt people feelings. This can be addressed by disconnecting money from happiness, something marketing and sales folk firmly work against. Or don't let the rich be rich, often by taking their money in some fashion. (I realize you don't care about #3, but can hurt civil order)

4. Money as a flawed unitization method. This is more abstract but it basically says that we over utilize money and apply it in ways it does not effectively work. Rich people are just a symptom of these flaws, so fixing this will get rid of rich people.

>>15743520
>IQ isn't racist bullshit, it's society-specific and there are racist idiots who use IQ to say that people in africa are 70IQ because they don't know what a lamp is. comparing two people who both grew up middle class in america are going to be comparable, no matter their race.

It's not just income levels, it's the cultural norms in which someone was raised upon that influences their success. I come from a middle class home, but I was raised smack dab in the ghettos and went to a school where they threw pizza parties for us passing a school accreditation test. Contrast this to a friend of mine who went to school with literal royalty and was taught physics in 9th grade. So when I went to college, I'm playing catch up half the time to other folks who went to really good HS and I can easily see the sheer difference in knowledge bases.

I feel people who equate race with IQ fail to factor in the cultural dynamics that help influence people's direction and preparation at life. See, this line here:

>>15743482
>White men don't rank at the top of IQ tests, but if you give a white man a hammer he will build a great civilization. Asians typically rank higher, and if you give an Asian man a hammer he will just make more hammers. Why? I have no idea but that is how it is.

Black culture is notoriously toxic and collectivist so you waste a lot of time trying to block out the noise if you want to succeed while raised in that environment.

>>15743160
Enough money usually makes people sympathize with the lower class and loathe the middle class, kind of an interesting phenomenon

>>15756768
Or it might be simply a way of sustaining power: make everyone except the elite into a dependent underclass. I actually think this is more realistic broadly speaking

>>15756785
I disagree.
All the cases I can think of happened with old rich people, who often talked at length about their legacy and/or their children. So I think it is more of an age related perspective change.

Or maybe it is as cleché as once they have everything they want they find they want to be loved. In either case it is a selfish action that ends up helping people as a happy byproduct.

That is omitting the obvious power plays to keep control, like you mentioned.

>>15742996
>OP, rich people are rich because they've taken massive risks, put in effort and had superhuman abilities
If only people like Amancio Ortega,Bezos and even fucking Zuckemberg were rich I'd agree with you to some degree but a big chunk of rappers and shitty overrated actors and actress are still way richer than some people who actually have a bigger and meaningful impact on society. And that's not even getting into nepotism and other shady shit.

>>15757422
not even getting into pretty solid solutions to spending on gov't programs by implementing things such as the gold standard or deeming institutions such as the federal reserve unconstitutional (or, as previously mentioned, just separating and making your own society because fuck niggers), i have the feeling that if so much as minimum wage alone weren't enforced in so many jurisdictions in white countries, the vast majority of those rappers would only be mildly wealthy at best because society wouldn't be pretending that the work of the people who buy and stream this music is worth more than what it actually is

>>15757422
not even getting into pretty solid solutions to spending on gov't programs by implementing things such as the gold standard or deeming institutions such as the federal reserve unconstitutional (or, as i increasingly believe is the most practical, feasible, and rewarding route of action, just separating and making your own free market society because fuck niggers), i have the feeling that if so much as minimum wage alone weren't enforced in so many jurisdictions in white countries, the vast majority of those rappers would only be mildly wealthy at best because society wouldn't be pretending that the work of the people who buy and stream this music is worth more than what it actually is

>>15742928
>oy vey goyem! Look at how much these mushuganas have compared to you! Give 60% of your paycheck to the government (AIPAC) to spite them!

>>15743981
But how does this prove him wrong, you tankie bitchboi?

>>15755637
rl doesnt need goldsinks you brainlet

>>15756286
rich people need to do 1 critical thing and that is to have lots of children. its the only truly meaningful use of their wealth

>>15751720
sides bro, they're done. obliterated and removed from our physical realm completely.

>>15743001
Interesting perspective. Thanks for sharing. As someone who isn't exposed to the ultra-rich I am limited to only hearing about them from leftist politicians complaining, bad apples on social media, or my own imagination.