/biz/ - Business & Finance

It's ok, the wealth will trickle down and everybody can enjoy.

>>8806341
those statistics include pajeets, chinks, brown chinks, blacks

those they are worthless

It's fine.
Fucking commie retard.

>>8806349

>>8806341
You're wasting your time, these people defend Bezos, the embodiment of predatory capitalism.

>>8806341
(((1%)))

>unacceptable
nah, in fact that's how i measure my success in cryptocurrencies. my ultimate goal would be to own 1% of the entire market, but i would settle for 0.1%.

>>8806374
But in reality, you will achieve neither.

>>8806388
already at 0.01%, it's possible i won't, but i wouldn't bet against it.

>>8806341
>be me
>2030
>finally made it
>money is now illegal
>mfw

>>8806367
Give me 1 fucking argument why predatory capitalism is bad.

>>8806341
Is it really the 1%?
Or the 0.000001%?

>>8806341

What am I supposed to do, kill the rich and steal their stuff?

>>8806408

>>8806396
Lmao shut the fuck up you larping faggot

>>8806341
Mate it is shit. I will rebel when the time comes

>>8806415
This

1% hate ruined Occupy movement

Lets hate Surgeons and engineers

commmie faggot slide

>>8806418
i'm glad you think that's impressive enough to larp about, but it really isn't, at least not for people that got in earlier than 2-3 years ago.

>>8806408
Modern China is the argument against capitalism.

>>8806341
Mate it is shut but when I look around at the common person around they are disgusting rats

>>8806341
I don't care. As long as my family and to a lesser extent friends are doing ok.

98% of common population are disgusting rats. Does not mean you have to be anon.

>>8806444
china only works because there are capitalistic economies they can sell to and copy ideas from to sell in their closed market. and it's very much a capitalistic country in spirit regardless of how it's officially portrayed.

Ancap brainlets be like: b-but centralization of wealth ownership will result in inefficient control over assets which is against the principles of free markets.

>>8806438
son, 0.01% of the crypto market is $30M usd
it's possible some retard who had that much money would be bragging on /biz/ about it
but it's not probable

How is it the fault of the western rich man that Africans have 10 children who will be equally poor? These stats are commie propaganda anyway. Some American who earns 4k dollar a month and is still paying off his college debt is considered poorer than a Chinese person with a few cents on his account. Into the trash it goes.

>>8806483
This.

>>8806432

Surgeons and engineers are middle-up class. We are talking about the rich you retard.

>>8806417
Nice reply, brainlet

>>8806444
>one party system called the communist party
>most companies are state owned
>capitalism
If it walks like, talks like and says it's a communist, maybe it's a communist.

>>8806357

Actually that is unironically more communistic, since the lowest 99% will be equal while the elites sit on top and watch the hordes from afar

>>8806341
richest people are rich. why is this news? Also bottom 90% are brainlet tier and can't accumulate wealth no matter the income or economic system. Maybe the top 1% are just better at saving and investing.

>>8806357
Lol, the only "drawback" of communism was the fact that most of the wealth went to the guys in charge, and now the same thing is happening to capitalists.

>>8806341
Take their wealth away and redistribute it amongst the poor, only to have the exact same.thing happen in another 100 years. The top 1% will ALWAYS be the top 1%

>>8806511
on an anonymous image board over a VPN is the only place where i would ever be comfortable talking about such a thing, obviously. it's not like i would ever tell anybody irl, or online using my real name or an alias.

if it wasn't for all the late adopters crying larp anytime they come across someone with more money than they do, there could be actual discussions about money on a board about money.

Retarded commie faggots think they deserve part of that wealth simply because they exist.

Spoiler: you deserve nothing, you only have what you earn, make, or steal.

Grow the fuck up, you literal infant.

>>8806548
Elites? Elite Jews you mean? They look out for us

>>8806558
Yes, besides killing literally everyone that opposed them and forcing thousands in labour camps. Oh did I.mention they liked censoring literally everything they didn't like?

I'm ok with it.
We need a new royalty class. This pleb and social media based pseudo democratic whore society is unsustainable. Copper should once again be the currency for plebs, silver for knights and gold for Kings. Plebs should know their place and learn modesty.

>>8806579
If it were a judgement of actual work done you fucktards will cry bloody murder. Ohhh I pressed a lot of keys today I made it. No sorry you are still useless

>>8806605
We need gold and copper for our electronics though give the plebs something worse.

>>8806610
>commie faggot labourer still doesn't understand work done and value created aren't the same
Back to the mines with you plebeian.

this is the world you chose

>>8806605
You penis, I'd love to see you find some gold or whatever other than on an exchange tosser

>>8806408
predatory capitalism is the system that puts profits over sustainability, and that's why most cities are polluted to shit and the ocean level is rising.

>>8806610
Labor has no intrisic value, you living shitstian.

>>8806566
it's going to happen at some point, only instead of true redistribution, it's just going to go to the government, and the peasants will rejoice, only to never see any of that money themselves.

as much as crypto has turned into those peasants trying to get rich investing their pocket money, i still think it's going to serve a very important part in preventing forced "redistribution" of those with money.

the richest 1% of the planet includes people earning 100k a year idiots.

>>8806656
it also includes billions of completely worthless individuals that contribute nothing and are just a complete drain on the planet, and in reality shouldn't even be alive.

>>8806656
100k a year is still a literal dream for most people

i took a 5 year old education with garbage pay, only to get paid 60k a year, and thats before the kike taxman takes his 39% cut

>>8806675
long*

>>8806664
Yes. Stats can and are manipulated as needed. Rich cunts will get theirs

>Is there ever a ratio of wealth inequality that’s unacceptable to you?
No
>Are you theoretically ok with .0001% of the population controlling 99.9999% of the wealth? Because that’s where we are heading
Yes

Consider the following
>Percentage of the world considered below the poverty line constantly shrinking
>Almost everyone in the first world can afford a smartphone and broadband
>This gives them access to every piece of human knowledge ever recorded
>Majority of the 1% are old and have been working 70 hours for the last 40 years
>Majority of the 1% can't say that their descendants will be 1%
>Majority of the 1% were or are highly skilled and clever with money, choosing to forgo luxuries like sports cars in order to accumulate wealth
>The 0.001% are very intelligent, shrewd investors that will responsibly reinvest in the market

If you guys are half as smart as you say you are, you'll all likely be part of the evil 1% because:
>you won't spend every paycheck paying off the debts on your $30,000 gaming PC / liberal arts degree / boobjob
>you won't be spending every weekend tugging Mr. Snakey to anime women and getting drunk >you'll invest the majority of your money in index funds.

>>8806629
>the world basically hasnt changed for the past 100 years

>>8806349
By the time it trickles down,if it ever does,it'll be worth much less due to inflation.

>>8806709
Nailed it. The difference between the upper middle class and the upper class is the propensity to accumulate and use the savings to provide more goods and services through shrewd investments. Many people have the means to enter the investor class, few have the mental fortitude and creativity in whatever field they may be interested in.

>>8806408
Because predatory capitalism leads to social unrest which is bad for business. That's why you need bread, circus and social media to control the uppity plebs.

>>8806675
you are probably at the 1.2%. i earn 190k a year, and 100k is fucking peanuts. I drive a mazda6 have a wife and kid to sustain and cant really afford a home without commuting for 2 hours.

>>8806341
>>8806367
>>8806420
>>8806548
>>8806558
>wealth cannot be created
>the .0001% stole everything

>>8806801
the reality really is if the majority of your income comes from a salary instead of capital regardless of how much you make you arent in the same position as those people everyone envisions when they think of the evil 1%ers. you're still forced to work, and generally your expenses will creep up to where you're savings will never be enough for a real early retirement, especially if the only reason your salary is so high is because you work or commute to a high cost of living city.

>>8806818

>wealth is infinite

People who support 1%ers think they'll one day be the 1%. It's just a cuck methodology.
>I love rich people even though I'm poor because one day I'll be rich
People like this don't deserve to be alive.

>>8806850
Temporarily embarrased millionnaires are the worst.

>>8806850
agreed, but poor people who want to steal rich people's money also don't deserve to be alive.

>>8806879
>but poor people who want to steal rich people's money also don't deserve to be alive.
Please keep sucking on that delicious corporate cock.

>>8806838
true the 1% shit is just to indicate those at the very ultra wealthy top. but people sometimes lose sense of how minuscule those at the top are. and how easy is to be a 1% in this planet.

>>8806850
if you have a million dollars in assets, you are a millionaire. thers like 20 million in the planet and half of them live in the US. note that a house in northern CA can be easily worth more than 1 mill. so being a fucking millionaire means nothing anymore

>>8806896
>corporate
nah, i've made my own money, and you peasants will never be seeing a single cent of it.

>>8806899
its just incorrect terminology. nobody wants to be in the 1%, they want to be in the 0.001%.

>>8806879
Rich people stole the money from the poor.

>>8806937
that's what they think, but in reality they would still be just as poor even if all the rich disappeared. no new opportunities would open up to them, and they would still be the same person then they are today.

what these pathetic idiots want is handouts, free shit given to them without them having to work for it, just because they see some rich people as having their things given to them for free. it's just infantile.

>>8806935
>>8806957
Oh you're a rich guy who wants to keep his stolen shekels? I think Israel is a good country for you. Don't insult our intelligence by thinking we'll support assholes like you.
>Poor capable people deserve to be poor
You want to keep everyone cucked and everyone should know you're actively working their interests

How can anyone be so stupid as to believe that a rich person can only be that way because he stole from someone else?

>>8806341
Won't happen until we've massacred the central kiking systems

>>8806963
>stolen shekels
if anything, my money comes from the jews hoping to get rich, but instead just making me rich instead.

>cucked
lol, baby talk aside, the reason you're poor is not because of me, or anyone like me, and if you think so, you literally don't understand how money works, which of course, is generally the problem with people that have never had any of it.

>>8806937
>>8806963
Don't you want to build something valuable? A business that employs people, skills that others don't have? Is it immoral when someone else saves money and uses it to buy factory equipment? If you can't see yourself saving and leveraging, taking risks to enrich yourself by bringing value to others through the market, then you're bad at accumulating wealth. No one stole from you, and if they did, it would be illegal. Your money is gone because you chose to spend it on dumb, frivolous things.

>>8806957
>just because they see some rich people as having their things given to them for free
>what is inheritance
>what are old money trust fund babies

>>8807016
they're probably the same people voting for people that say they're going to raise taxes on the rich and expecting it to actually work. the entire system is fundamentally based on money (and that's never going to change, because we're always going to have some level of scarcity, and that needs an accounting system tied to it) so people with more money will always be able to make more money due to the nature of the system. trying to go against that is literally wading into communism.

>>8807016
the money came from somewhere, and had to go somewhere, it can't just "disappear". so where would you want your money to go? to the masses of worthless poor people, immigrants, and the government, or do your own children, and family, who you hopefully raised to align with your own values?

>>8806644
Jacob detected

>>8806357
>being against rampant neo-liberalism makes you a communist
the absolute state of americucks

>>8807051
>>8807071
Not sure if they're both to me on purpose, but it's good to see that there are still honest value-creating people who understand how money works.

>>8807016
>competition in a cronyistic system in which your biggest competitors make the laws and buy out politicians

>>8807180
you're right, >>8807071 was for >>8807041, bad copy and paste.

>>8806709
Majority of the 1%'s money is inherited, you cuck. Lmao at the "hard work will get you there" may-may.

>>8807197
Don't be such a defeatist - you are not competing with big multibillion dollar companies. Markets are changing all the time, but if you keep your head up and pay attention you will see problems that people will pay to have fixed everywhere you go.

>>8807241
>Majority of the 1%'s money is inherited
Demonstrably false, most millionaires are self made, and most families return to their mean in less than 4 generations.
The only people are always on top are actual royalty (Rothschilds etc)

Just because you can't imagine YOURSELF becoming rich without inheriting it, doesn't mean other people can't.

Perhaps stop talking about shit you don't know anything about?

the richest 1% huh
what percent is the jewish population again

>>8807071
In what way are you any different from the "worthless" poor people?

>>8807341
i'm not trying to steal other people's money.

>>8806576
This right here. I don't talk about what I have much because of the 'muh larp' narrative.

Corporatocracy is NOT a dirty word

Anti-capitalist radicals will cite the passing of the Corporate Sovereignty Act (2017) in the United States, the establishment of pro-corporate institutions such as the Palisade Property Bank (est. 2017), and the policy change that allows large corporations to sit on the UN Security Council (2021) as sure signs that the world is no longer run by sovereign governments, but by multinational conglomerates.

And what is wrong with that? Corporate power should be thought of a mode of political power because ultimately, corporations are the people, and represent the peoples' interest in their best interests.

Every corporation's mandate includes economic growth, expansion, and development, all desirable and necessary goals for the well-being of human society. And arguably, history has shown that they have been much more successful at this than most governments.

Wealth inequality is in itself not a bad thing if it is earned--and it almost always is--and if the rising tide lifts all boats, which it does. I'd rather live in a country where the poorest man makes enough to eat 1000 loaves of bread with their monthly wage and the richest makes enough to buy 100 million, than in one where the poorest can buy half a loaf a month and richest 3/4th.

>>8807341
I spend my money on worthwhile things.
If you walked into a slum and gave a random guy $20k what would he do with it? What would you have done with it?

I find this inequality UNNACCCEPTABLE!
*whines about it powerlessly on an anime imageboard*

>>8806341
Distribition of money doesn't matter in the big picture. One person can hold 99% of it but people stil have to eat and the marker will adjust. Population goes up, recources go down. It's going to turn out very badly and it will probably happen in our lifetime.

>Generate wealth
Gimme that
>Politely decline
WEALTH INEQUALITY IS TEARING THIS NATION APART.

>>8807350
>16 posts by this ID
>How to spot an autistic NEET larping

>>8807385
Corporations aren't "the people", they represent only tgose with highest amount of shares. Multinational conglomerates are bad because they stifle competition where-ever they go since it is not in the best interest of the conglomerate to allow healthy competitive landscape.

Besides any corporation is a pyramid game where the masses of "investors" create the value in the pyramud that is then funneled upwards to the board of directors and buggest shareholders.

>>8807544
>everybody is as poor and useless as i am, that's why we're all on 4chan!
not everybody is here because they found out about crypto this year and want to roleplay as investors buying chainlink.

>>8807434
Investing in anything but IPOs (specifically IPOs that issue new shares) or having a VC fund is not "smart" in the sense that you are creating value in a system. Everytime you buy a share (or hand out cash to some index fund) on the markets, that money doesn't do anything worthwhile except give some earlier investor some cash who then burns it/buys ahitcoins with it/whatever.

>>8807723
What about investing in business on a smaller level? Instead of funding someone else's project, you take on debt to fund your own small business?

>>8807723
What I mean is: why is there so much talk about trading paper securities on this board instead of personally growing and hiring to expand a venture?

>>8806396
3 billion dollars, browses /biz/ anon I may require proofs

>>8807794
See
>>8807544

https://www.investopedia.com/terms/a/accumulatedearningstax.asp
>Accumulated Earnings Tax
>A tax imposed upon companies with retained earnings deemed to be unreasonable and in excess of what is considered ordinary. The premise behind this tax is that companies that retain earnings typically experience higher stock price appreciation. Although this is beneficial to stockholders, as capital gains taxes are lower than dividend taxes, it is detrimental to the government because tax revenues decrease. By adding an extra tax upon a firm's retained earnings, the taxman will either collect more taxes from the company or persuade them to issue dividends, thereby allowing the government to collect from the stockholders.

>>8807816
It would be fun to see though could send 100 btc to each anon in the thread and it wouldn’t even scratch the surface

Im ok with it since if you got a couple BTC you will be part of the elite by 2030 anyway. Deluded fiatards that still don't know what Bitcoin is will argue otherwise (to our gain).

>>8806558
Communism actually doesn't work as an economic theory. Try to handle the entire economic system by making decisions from a central authority and see how fast you become a third world country

https://www.taxlawforchb.com/tag/accumulated-earnings-tax/
>have been concerned that corporations and their controlling shareholders would be reluctant to distribute their “excess” profit – meaning the profits remaining after the corporation has satisfied the reasonable needs of its business including, for example, the establishment of capital or other reserves. A corporation may decide to accumulate such profits, or it may decide to pay its shareholder-employees an amount of compensation that is unreasonable for the services rendered by such shareholders, but which the corporation will nonetheless claim as a reasonable and deductible expense. The IRS views both of these strategies as tax avoidance schemes. As regards the accumulation of corporate profits beyond the reasonable needs of the corporation, the Code provides for a corporate-level “accumulated earnings tax”

https://www.usatoday.com/story/money/markets/2018/01/19/beyond-apple-repatriation-16-us-corporate-giants-have-1-trillion-cash/1048287001/
>Apple holds $269 billion in cash and investments.
>Microsoft holds $143 billion.
>Alphabet holds $107 billion.
>Cisco holds $76 billion.
>Oracle holds $71 billion.
>Coca-Cola holds $50 billion.
>Amgen holds $41 billion.
>Qualcomm holds $38 billion
>Facebook holds $38 billion.
>Gilead Sciences holds $41 billion.
>Intel holds $27 billion.
>IBM holds $25 billion.
>Pfizer holds $24 billion.
>Merck holds $23 billion.
>Procter & Gamble holds $21 billion.
>Pepsico holds $20 billion.

>>8807016
What did Soros do?
Exactly. Capitalism is about being at the right place, doing the right thing. After 2009, the right place is be holding Bitcoin, and the right thing is not selling it back for more fucking fiatola.

Doing otherwise will trigger regretal suicide in 2025

https://www.liveandinvestoverseas.com/taxes/foreign-earned-income-taxation-vs-passive-income-taxation/
>Tax Benefits Of Moving Overseas
>The single most frequently asked question with regards to asset protection and taxation overseas is this: “What can I do to make my passive income qualify for the Foreign Earned Income Exclusion… so I don’t have to pay tax on it?”
>The answer is: Nothing. There’s nothing an American can do to avoid your U.S. tax liability on passive income.
>Passive income isn’t earned income, and there’s no way to make it appear to be earned income. If you’re an American, you owe tax on your passive income to the IRS, no matter where in the world you’re living when you collect that passive income.
>I gave that answer again and again. Still people tried to come up with scenarios that would convert their passive income to active income.
>“What if I earn the passive income from day trading?”
>Every day trader thinks that the two hours he sits at his laptop each morning buying and selling stocks for his own account should allow him to classify the gains from those trades as active income. It does not.
>You don’t go offshore to save on taxes… at least not if you’re an American. Citizens of other countries can legally avoid taxes altogether if they take up residency in a country that taxes on a jurisdictional basis

Rules for thee, not for me.

>>8806528
>Surgeons and engineers are middle-up class. We are talking about the rich you retard.

You think there is a class above surgeons and engineers that comprises 1percent of the population. Fucking retard

>>8807914
You're missing the point. A high income earner is not the same thing as a wealthy person. Many high 6-figure income earners (surgeons and engineers) live paycheck to paycheck or save very little due to lifestyle choices. Many of them are also wealthy due to investing their extra income rather than spending it. There are janitors with larger net worths than some physicians. It's a question of whether losing their job will cause their lifestyle to fall apart.

>>8807888
Soros had enough starting capital. Anyone who is smart enough and has Soros-tier starting capital can make it to the world controlling soulless hypocrite Mr. Soros is today.

>>8807794
0.01% is only low 8 figures, you're thinking 1%. maybe that's where some of the confusion is coming from.

>>8807781
Because VC fund is far less riskier than trying to come up with a working business model that, after anywhere from 1-5 years, is stable enough and earbs enough so that you don't have to commit essentially every waking hour to grooming it. Your "lol just work harder" narrative falls apart when one looks at bankruptcy statistics.

>>8807975
my point is attacking the 1 percent. Probably people with as little as 10 million are in the top 1 percent.

the top 10 rothschilds have at like 75percent, probably. That is the real crime being hidden.

>>8808031
I did have 0 starting capital and I have 30 BTC, aka rich as fuch in 5 years.

You are a crying bitch.

>>8806341
so....are you jelly that they are successful and you are not?

how sad.

Funny how you would be fine with it, if you were the 1 percent huh

>>8808092
>either mined BTC early on by using his tangible asset known as a computer or bought it for X€
>HURFDURF I DIDN'T HAVE STARTING CAPITAL XD

>>8808074
Fair enough. The average person probably doesn't have the risk appetite for an owner operated small business. I hear you.

>>8806408
First of all, it's in the name, it's Predatory Capitalism

But predatory capitalists try their damnedest to get rid of the very thing today makes free markets and capitalism good: competition

>>8808087
$10,000,000 is a lot more than you think. The average engineer, or doctor, or lawyer, or any traditionally high income earning professional will not have a net worth of $10 million, I'm not sure where you get the idea that they do.

What is the pareto principle, Alex

>>8806528
Not if they made more than 350k/yr. Relatively easy to do as a surgeon or engineer in management position. Should have targeted the (0.01%).

But shout out to my boy Soros, we love you! Please save crypto!

Fyi if you make more than 30k a year, you're in the 1% largest incomes in the world. Go ahead and give your money to poor third worlders.

>>8808190
Soros makes far more money from chaos. He's gonna do the bog meme.
>Pump it
>Normies bought
>Acquire net short
>Dump it

>>8806584
>things are different now

>>8806627
amount of labour costs X 1.5 is the best prediction of a market price of a good economists have yet found, though. Labour theory of value has been statistically proven to be a very effective model.
See: Adam Smith, Farjoun and Machover
https://www.researchgate.net/publication/302897588_Laws_of_chaos--a_probabilistic_approach_to_political_economy
and pic related

>>8806341
As everyone's standard of living is raising i could not care less if some people are earning much more relatively.

>>8806341
770k US is all you need to be 1%

that's not even bad. fuck ya'll world imma be richer

>>8808150
According to the IRS in 2014,
Those in the 1% of earners had a yearly income of $466,000 or more

>>8808225
Not knocking the labor theory of value, I still think it's the best both ethically and statically, but man the theory just 'happens' to fall on exactly 1.5x not 1.4, not 1.6, nor 1.536248, just shows one the accuracy of social sciences

>Reminds me of the time that British expedition of Mt. Everest found it to be exactly 20,000 feet high, so they made it 20,002 feet to not seem uber inaccurate

>>8808276
I'm trying to explain the difference between the high income earners and the wealthy. I don't see why this is so hard for people:

Let's say that I work as the only employee of a company. This company will make a revenue of $20,000,000 this year. I am the CEO, and I answer to the single shareholder. It is just me and one other guy in the picture in this example. My contract with this corporation is that I show up for work and make things happen, in exchange for $10,000,000 this year. While me and the owner both get paid $10,000,000 at the end of it, we are sitting in completely different positions in regard to our personal fortune (depending on what I do with my paycheck). I can be fired, the owner can not. I can negotiate my pay to some degree, but ultimately any money earned by the company past what will pay me, goes to him. He takes on the risk of not getting paid since my salary is an operating cost of the business, in exchange for potentially larger income.

My point is that yes, mathematically a person can be in the top 1% of income earners simply based on what they are paid in a year. What's often missed is what percentage of their net worth is their paycheck.

>>8808225
LTV is pure trash and gets value backwards.

It's not labour being pumped into something that makes it valuable, it's that something that IS valuable can attract a lot of labour.
Things that take a lot of labour but don't pay off simply don't get done.

>>8806582
Why does the race of the person fucking you in the ass on a daily basis matter when there's obviously more than just jews who do it?

>>8808541
I provided sources noting a provable correlation between market price and labour. I don't want to turn this into some kind of Commie/Cappie discussion about the reification of social value. I was just informing smoothbrain up there he was a dumbass.

>>8806483
Their lack of traditionally-understood copyright laws helps as well

>>8807273

>he thinks a millionaire is the 1%

Protip the 1% are exactly the people you just said like the Rothschilds. Hard work may may will make you wealthy but nowhere near the inner circle

>>8806408
Leads to cartels, etc
Seriously? I want a society of merit, not one where you are what you inherit

>>8808890
Then they are idiots who are using a misleading term.

>>8806341
>that level of unequal distribution will occur
>It will almost as quickly be snuffed out and redistributed, or destroyed by the angry masses

>>8806444
China is capitalistfag

>>8806605
Implying you're not a pleb. Top kek.

>>8808210
Name one non communist country that forces people.in labour camps today.

>>8806818
>Centralization is good when its my ideology!

>>8809035


Best Korea

I don't even know how the system is supposed to work? Money makes money. As a conclusion of course you end up with 0.001% of people owning 99.999% of all money eventually? It just sounds like a very broken system to me.

>>8806341
Of course. Why wouldn't I be ok with such a system. No one owes you anything in life. You're not special, if you think you're worth something then prove yourself by moving your ass so as to climb the social and evolutionary ladder.

I certainly won't demand others to take pity on me for my weaknesses and failures. That's a slave mentality.

As for equality, it's an impossible and wishful delusion. We're all born with different traits, aptitudes, skill, abilities and intelligence.

Communism in soviet russia created a "nomenklatura" while all the other population were suffering from starvation and lack of basic facilities. That's why present day communist shitholes like Cuba, Best Korea and Venezuela are basically hell on Earth.

Capitalism on the other hand, let you prosper why an elite also exists. The most profound difference here is that you have a fucking chance of climbing the ladder as people can pursuit their dreams. Poverty exists but the government through the wealth created by capitalism, alleviates the problem.

Most capitalist dictatorships have extravagant and luxurious standards of livings. (United Arab Emirates and Singapore)

Would it surprise any of you faggots to know that the "1%" is measured by income, and that the majority of the "1%" are different people every year? You're crying foul at an income bracket thinking that these are a small permanent group of people who have been sitting atop ivory towers for decades when in reality they are different people at the most successful point in their life, from selling a business, or making windfall profits. I hope I can enlighten one person in this thread to this fact, as I'm sure most will continue to argue that they would either like to burn the wearer of this imaginary boot on their neck, or wear it themselves once their shitcoin moons.

The free market fixes itself

Eventually the plebs power in numbers would be greater than the power of the wealth and their would be a redistribution, likely of similar greed because humans are inherently flawed

>>8806444
>china, the literal embodiment of orwell's 1984, is the argument against capitalism
you're a fucking retard

>>8806341
Socialism / Communism does the same but faster and no one is able to rise econonically. Marxism just takes all wealth and puts it in the hands of some burocrats. Its a catalyst.

If you make $34k per year, you are in the global 1%.

>>8808140
>predatory = bad

I'd be more okay with it if they didn't use the money for gay/pedo/occult shit.

>>8809816
>United Arab Emirates
That's only due to the oil though. When that runs out they're fucked. Singapore is due to the people.

libertarians get the rope, too

>>8810636
>Singapore is due to the people
its actually due to america and singapore's non muslim alignment. although the people arent bad

Considering how hostile non-whites are I don't feel like helping them at all.

>>8808541
LTV is a conclusion, not a premise.

I'm surprised everyone fell for the cold war propaganda so hard that you can't talk about communism at all anymore without someone posting food memes and yet we also regularly discuss things like this.
It's as though people have been programmed with the inability to understand the purpose of communism as a way to equalize wealth distribution when a society reaches the endgame of capitalism.

>>8809979
>what is purchasing power?

Is there a ratio that's acceptable to you?
1% owning 1%? Because we're never going there.

>>8811514
why do you think out of the 23 times communism has been tried, 19 ended with mass starvation, and out of the remaining 4, 1 is mass starvation and the remaining 3 could hardly be called full communism?

Communism is inefficiency for the masses.
And corruption for your friends.

>>8806341
Wealth is not a zero-sum game. So what does it matter?

holy shit you retards it's 1% of the global population not America, when china Africa and India are shitting out kids like it's their job the 1% will include anyone in the middle class of any drveloped country. making 30k/year as a fucking taxi driver makes you in the 1%

Their fucking money is in the system at work. That means a lot of people gain from it simply because it's there. Money is always on the move, only the owners get the best return on investment. Stupid ass communist jounalists (and all people for that matter) need to learn how money works before opening there biased retarded propaganda mouth. It's not that hard to understand.

PS. Keep an eye on the LIBOR-OIS spread. It'll be your chance to join the 1%, long and short the right financial instrument and your set. It's all about timing.

>>8806341
What do you suppose we do, take it from the rich and give it to the poor? We already have welfare and clearly it doesn't work since the hood will always be the hood

>>8806341

its not a zero-sum game

capitalism is fine as long as everyone is playing by the same rules regarding risk and reward, but that isn't the case *especially* in the financial industries (something springing to mind is Royal Bank of Scotland, who received a significant sum of taxpayer money to bail them out a few years back... of which iirc £1BN went on bonus payments to senior management and £26BN was used to purchase government bonds... which the taxpayer then has to pay the interest on.)

>>8808092
>has 210K
>thinks this is "rich as fuck"
my fucking sides KEK

>>8806341
>.0001%
If I was in that group I wouldn't care, but I'm not, so I care.

>>8806341
>>8806341
Depends how they got it.
Dominating in the market and serving their customers demands better than the competition to the extent those customers are completely satisfied? Sure that's fine.
Bought up a bunch of sack of shit politicians, incited foreign wars and strife and profited off the market responses to the chaos, runs secret murder rape cults to produce blackmail material and protect their interests, buys up or underhandedly suppresses competitive market threats? No, fuck that.
Basically if they're able to pull it off only because they bought or stole power from the state, they deserve to lose it. If not, they earned it.
Crypto will do very well to privilege the latter enormously to the detriment of the former by destroying the power of the state.

>>8806483
Fucking This

>>8808087
You fucking braindead child. That is the top 0.1% that you're talking about. Even the top 0.01%. You want to be treated like a Man or not? Fucking argue like and stop acting like a childish woman.

>>8806341
holy shit when they realize LINK is the biggest transfer of wealth in human history they are going to shit themselves which will cause an even bigger reaction. we actually might make it.

>>8808128
No, I didn't mine, but when I learned about it back then (around 2013-2014) I realized it's importance and started thinking how to obtain as much as possible, yet you fuckers were saying "it was a bubble" and "kek only idiots are stull buyig butts" and so on (pic related).

If instead you weren't a complete fucking retard, you would have had enough time to get to the 21 BTC club at an affordable price, remember that BTC was around 150-300 bucks for almost an entire year.

You DESERVE to continue being poor and stupid. kys.

>theobserver

>>8814300
>having 30 BTC now doesn't mean rich as fuck in 5 years

>>8806416
Yep, that's the next step in the cycle. Now or later, doesn't really matter.

Unironically yes.

Normies are braindead and don’t even care they are controlled by their smartphones. Seriously try talking in an appropriate manner to a normie about it and they’ll be confused or straight up tell you how little they actually care.

Imagine if wealth was handled by your average joe who does nothing but playing FIFA and watches Twitch streamers at night. Okay you do have rich douchebags but at least the ones who have generated their wealth are logically sound.

The real redpill is being a colossal snob

>>8806341
Guillotine NOW

>>8815569
so people with 1 million are an enemy?

>>8806349
The richest 1% don't have billion dollars in their bank account, you fucking sarcastic socialist fuck. It's in form of assets, like realestate, bussinesses, stocks, bonds etc.

Also they didn't steal the money from you. They don't owe you shit.

>>8806341
My biggest problem is that is isn't really a meritocracy and those very businesses and corporations make it impossible for new competition to grow and in the case of a large number of big businesses grew in an era of little regulation and then lobbied for more regulation to create as big a barrier for entry as they could.

Capitalism is fantastic but this isn't capitalism.

>>8806341
>Is there ever a ratio of wealth inequality that’s unacceptable to you?

well, i mean, come on.
either between the difference of $10m and $50k is unacceptable to you, or nothing is.
so this is a retarded question. there's almost noone who will say x ratio is accapetable, but y ratio is not long as x is bigger than 3

>>8806341
but what should bother you, commies, is not wealth.

someone who hoards up an insane wealth and does nothing with it literally doesn't harm anyone or anything. if he hoards up USD he will just remove that money from circulation and makes everyone's money stronger. if he hoards up whatever else, he'll just make other people's assets be more valuable. a person could own trillions of dollars of wealth and cause no difference to the world whatsoever.

you should rather be pissed at people who mindlessly spending their money on stupid shit. who make people work for senseless stuff. who waste natural resources and manufactured goods.

not rich people, but wasteful people.

>>8806341
Yes, extreme wealth inequality is destabilizing to society because it redistributes leverage between the middle class and the elites. Ideally we'd live in a merit based, abundant Star Trek society where those driven can do whatever they want and take whatever risk they like, while those not driven can lay around and consume the tube. If I could flip my fingers and make it come true, I would, but for now gonna concentrate on myself first.

>>8816305
and retarded spending is exactly what the inflation-based gdp-chasing society encourages the most. a deflationary society would encourage saving, and encourage people to put much higher consideration on what they're spending their wealth on.

yeah it would make the GDP plummet, but GDP has almost nothing to do with the wealth/actual economical power of people, and absolutely nothing with their well-being.

>>8816329
>because it redistributes leverage between the middle class and the elites

can you go into details about that

>>8816268
This. Big companies are causing the paths to wealth very narrow

>>8816268
new businesses have grown and are growing. in theory, yeah. huge wealth could eliminate competition i guess, but in practice it's just not happening. the vast of the world's richest are first generation, 'self-made'.

when we'll have only seen the same families in the top 100 for 3 generation, it will be time to change. as long as people at the top are first or at worst second generation, new blood obviously have a chance. a chance that needs luck in addition to merit, but the luck factor always be there.

>>8816371
Simplest hypothetical example involves limited necessities - e.g. housing. The elites can purchase housing at the marginal price, pushing out middle class buyers and sitting on it until they want to dump. The middle class has to live somewhere so gotta work more to pay for the same four brick walls.

>>8806341
eh, it'll get fixed

>expecting the (((government))) to do something about it
>they're the ones who allowed this to happen in the first place

It's just a neverending cycle of statism until there is a richest 0.0001% controlling the government and most of the world's wealth

>>8816228
>Also they didn't steal the money from you.
Well now, this isn't entirely true. I agree with most of your points, but lets not pretend that wealthy bankers aren't working the system via the treasury/federal reserve lending cycle to enrich themselves while inflating the currency, reducing purchasing power for the rest of us, which is not much different from "stealing".

>>8806801
what do you do?

on a site note,everybody on this board seems to be making 150k+, it's pretty insane.

>>8806341
Anyone making more than $30k per year is part of the 1%. The truth is that most of the 99% is composed of chimp-level IQ niggers in the armpit of Africa and there's absolutely nothing to do about them (we tried for hundreds of years)

>>8806483
>china is only successful because they steal everything from western countries
This may have been true in decades past; but, especially in scientific fields, they are now starting to outstrip everyone else in the pace of their development. This is partly due to more lax ethics laws to allow them to do research other countries cant, but also because they seem to actually put value in technological progress for its own sake, and for the prestige it brings them. You can see this change happening by looking at the increasing proportion of chinese researchers that present at scientific conferences over the last 10-15 years. First, it was chinese students studying at western universities, but now there is actually a large proportion of them coming from mainland chinese universities. They actually put money into their universities, whereas state investment in research has been declining in the western world for decades, in favour of more private industry partnerships with universities, which leads to a bias towards research that has a demonstrably commercial application. Blue-sky research and serendipitous discovery is where the real progress comes from, and industry rarely is willing to pay for that, except in very rare circumstances (google, etc)

>>8806341
>anger over inequality REACHES A 'TIPPING POINT'
AAAHAHAHAHAHAHAHA
that statement ABSOLUTELY REEKS to high-heaven of instigational, dumbfuck "intellectual" bullshit
these morons don't know a single goddamn thing about what makes money valuable
redistribution would make everyone poor, AND DISCOURAGES WORK, AND THUS, HINDERS INNOVATION
DAAAAHAHAHAHAHAHAHA FUCKING CUMMUNIST DUMBPSTERS

>>8806357
exactly this
if the system really doesn't work, then people will make their own, more attractive fucking currency, and the person who is holding all the money will well and truly be fucked unless they find a way to make people want what they have an stake in

computational power is the new currency
with the right knowledge, you can make yourself powerful without ever dealing with a government organization
you either have the hashrate, or you don't
you either spend the money to buy computational power and/or innovate to create it, or you don't have the power
everyone benefits from the individual empowering of those who are a part of the network, and who mine
proof-of-work, as laid out by satoshi, is literally fucking spot-on perfect

>Im sure most of those 1% arent jews.
>Im sure how they got their wealth isnt related to being part of the tribe

I always felt some contradiction between
>"the jews are evil, they own us and must be killed so we can be free from their political influence through the banking system"
and
>"lol people who has money deserves it! they were just smarter than you lmao! They dont owe you anything fucking commie"

Both statements are usually said by the same kind of person. Weird right? How would you reconcile that? Its clearly one or the other, and I choose kill the jews. Which is practically the same as saying kill the 1%

>>8816555
>the vast of the world's richest are first generation, 'self-made'.
Sadly not the people who actually counts. See the Rothschild family.

>>8806444
Trips of truth. China may be communist but business is given full reign over how they operate as long as they dont hurt the government basicly complete unrestricted capitaliam.

>>8806452
Im your friend too anon

>>8811737
To be fair, capitalism causes mass starvation too, just not of its own people. You cant really ignore the way that global corporations exploit poor countries to the benefit of the rich. Its just on a global scale.

>>8806709
Lets tax the poor more and give it to the rich in a proof of stake capacity. The more wealth you have the more tax money you receive. 95% tax the poor and 1% tax the 1% because they are registered in another country and dont pay any taxes anyway. The best capitalism is efficient capitalusm.

>>8818191
You probably won't believe me, but I'm jewish and I honestly had no preference towards other jews until I came to 4chan and saw how many people hated me for no real reason. I look white and have blue eyes so no one has ever shown animosity towards me in real life. People like you made me realize that I actually should band together with other jews. I also think every group of people does the same thing. It's like you favoring other whites because you're afraid of your people dying out.

Collectivize everything and chuck all the ruling class who resist into forced labor camps. I can’t fucking wait. Death to the capitalist nightmare

>>8816228
>What is the federal reserve

>>8806341
it’s about balance

humans will always want more

so you can’t trust their judgement

rep republic was genius.

capitalism with social controls on public needs where market failure is likely.

>>8806341
get rid of corporate lobbyists
make all politicians bank accounts viewable by all people online
finally, actually you know, enforce existing laws,
if those three things were done wed be alot better off

>>8818584

4chan takes the idea of political incorrectness too far. lobe the jews.

>>8806528
lmao anything about 70k a year is rich.

>>8806357
>he can only think in extremes of left/right

Oh no, it's retarded

>>8806341
Land reforms nigga. If it doesn't happen society will fall into chaos. It's cyclical nigga

read a book you dumb nigga

>>8806341
get rid of all the niggards and jewzards and there will be no more complaints of inequality

>>8809185
responsibility for the welfare of your own life is and always will be centralized on your shoulders - not anyone else's
Grow up

a free market would be ideal, but crony capitalism is still better than communism and socialism.

>>8806341
>>8806367

You guys are idiots. Like a colossal, huge, enormous, fantastic, immense idiots. They can ONLY do this because of fiat and money printing. They get 0% interest loans from central bank and bid up the price on everything while wage earners get crushed. Where do you think you are? What do you think this place is? If we win and crypto takes over then this unfair system goes away. Socialism won't stop it, communism won't, today's "capitalism" won't. Only a return to honest sound commodity money will end this farce.

>>8818429
That's retarded m8, corporation giving jobs in a shithole are the cause of mass starvation?

You retards don't seem to understand that nature cannot be guilty for starvation, Capitalism is nothing but nature mixed with the minimum laws required to make use of scarce resources in a conflict-less way (private property).

You don't cause death by omission of help in the same way you're not a murderer cause of not preventing people's suicides, what causes starvation is when you interact with nature and create an outcome that would be different than it would have been if those people were free to pursue their own lives.

>>8817114
That's your government doing it.

>>8806818
you're right and wrong. wealth can be created (this is where your sarcastic post is right), the 0.1% (without your hyperbole) DID steal a lot. It's both. Many of them created wealth, many stole it.

>>8806341
Need a new deal revival, fdr had the right idea to regulate capitalism

>>8806444
Absent regulation, capitalism will always evolve to approximate slave labor as close as possible, I.e. China

>>8818191
You would expect to hear the second one more often from actual libertarians, nazis rarely like people better than them

>>8818191
I think the latter is held as an ideal. It's often framed within the idea that there will always be more and less skilled people. While this is true, it's ignoring a whole plethora of other factors that determine whether or not someone becomes, or perhaps more importantly, stays rich.

>>8810636
UAE is filled with indians and east asians
dyor

>>8819855
This. But the slave is so braindead and used to getting his faggot ass raped for ages that they wouldn't know freedom if they saw it.

Let's use that to our advantage to get as much BTC as possible at these cheap prices.

>>8817247
>tried
you mean, uh, enslaved.

>>8818584
>It's like you favoring other whites because you're afraid of your people dying out.
Thats exactly how survival works bro. THats exactly what the jews do in the middle east

>>8806341
no, capitalism is never wrong

>>8823078
do you think that increasing intra species competition is compatible with humans long term survival?

>>8806341
Come home white man.

>>8806341
According to cnbc, there is only about 15 million millionaires

divide by 7 billion is .002% of the population

A person with a million dollars is not rich you commie faggots.

>>8809816

>>8810636

>"OIL"

UAE diversified their assets and they are no longer dependent on oil.

Venezuela has more oil than Saudi Arabia but the shitty communists cannot manage their own fucking wealth. Their population is starving.

>>8823571

> Triggered Communist Detected

>>8820142
>what is deliberately destabilising foreign nations?

>>8806640
>m-muh ocean levels
>m-muh pollution
>not shorting seaside real estate, longing cleanup robots, and longing crops benefiting from warmer seasons
you're never going to make it

>>8806963
but you will continue to support us. you have no choice or power. stay mad :)

>>8806357
Good bait.

Stop buying stupid shit you don't need and they won't have so much money. If everyone was materialistic, this wouldn't be a problem.

>>8806341
How the fuck is this thread still here?!

>>8806579
lol you forgot inheritance you mongol.
if everybody had to start at zero, the world would look very, very different