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/biz/ - Business & Finance

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6775285 No.6775285 [Reply] [Original]

Is this guy right about being a billionaire?

>> No.6775513

Yes.

>> No.6775530

No because the only way to change the world is to create wealth by starting a business, not by giving away money.
Giving away money literally wastes resources and makes people worse off.

The more you know.

>> No.6775602

>>6775530
Yeah, fuck all these parents with children that have rare diseases and require expensive treatment to cure, they shouldn't have accumulated at least half a million before having children, the irresponsible bastards!!
tldr you're an idiot that read one too many Ayn Rand quotes

>> No.6775653

>>6775602
Tough life, who cares if some kid dies? He probably wouldn't contribute to society anyway, so the world is better off without him.

>> No.6775657

>>6775530
So building schools, hospitals, and libraries would be a waste of resources and waste of money?

>> No.6775670
File: 73 KB, 580x435, 1463939188858.jpg [View same] [iqdb] [saucenao] [google]
6775670

>>6775285

All my ideas of improving the world would fetch me a trial in Den Haag, so I wouldn't feel too bad about just enjoying my wealth as a billionaire.

>> No.6775676

>>6775657
Why should private person build that? Rich people pay super high taxes anyway that go into building such things.

>> No.6775695

>>6775602
>the exception is the rule

>> No.6775697

>>6775602
>Yeah, fuck all these parents with children that have rare diseases and require expensive treatment to cure
Why not start a business to mass produce these treatments so they aren't expensive anymore?
OH WAIT, THE GOVERNMENT MAKES IT ILLEGAL
Fuck you kid.
You'd help a lot more sick kids by dramatically decreasing the cost of medical care.

>Ayn Rand quotes
I am a libertarian like most people on this board, but fuck that dumb bitch.

>> No.6775702

>>6775530

holyshit are you memeing or are you this retarded? Only businesses can impact the world what the fuck am I reading

>> No.6775703

>>6775653
And why shouldn't I help, if I were a billionaire?

>> No.6775719

>>6775657
>So building schools, hospitals, and libraries

Libraries are already LITERALLY a waste of fucking money since we have the internet.
Schools should be completely privatized.
and hospitals should be privatized/free marketized as well.

Notice everything you're talking about, the government monopolizes in America.

>> No.6775741

>>6775670
When did I post this? This is me, right?

>> No.6775747

>>6775697
I live in a pretty small and not very rich country. No matter what business I start, going to France and staying there for a year in order to receive treatment will never become financially viable for a middle class family.

>> No.6775755

>>6775702
Business impact the world in a much more powerful and long lasting way.

Why would you spent millions to cure a few sick kids for a year when you could spend millions mass producing medical technology and get the price down so poor people can afford it forever.
Much greater impact.

>> No.6775775

>>6775747
>I live in a pretty small and not very rich country.
That's the fault of your shitty government then.

>No matter what business I start, going to France and staying there for a year in order to receive treatment will never become financially viable for a middle class family.
That sucks. Maybe both your government and France's government should stop destroying the economy and monopolizing medical care.

>> No.6775781

>>6775755
Sure, that's good too, but these are not mutually exclusive activities.

>> No.6775782

>>6775719
schools and hospitals should be privatized
lol
do you want us to go back to colonial america? are you dreaming of a time when only the aristocracy could send their children to school?

>> No.6775818

>>6775775
Medical care is not monopolized here or in France, what the fuck are you talking about?
I still don't see why I shouldn't help people if I could. The "le give fishing rod not fish" meme does not apply here.

>> No.6775819

>>6775755
>imagine thinking this small

>> No.6775823

>>6775702
give a man a fish he has 1 meal. teach a man to fish and he never goes hungry again

>> No.6775842

>>6775285
Altruism is cancer.
Read some Ayn Rand. Also this >>6775530

>> No.6775850

>>6775823
Is building schools in deprived communities and shit like that not teaching a man to fish?

>> No.6775851

>>6775781
They somewhat are because if you spend it on the sick kids, money and resources that could have done to investing in medical technology are destroyed.

>>6775782
>schools and hospitals should be privatized
>lol
They absolutely fucking SHOULD BE and this isn't an argument.
>do you want us to go back to colonial america?
no lol
what the fuck is your point
you don't make sense
>are you dreaming of a time when only the aristocracy could send their children to school?
Holy fuck you are unbelievably brainwashed and stupid.
Do you know how much it costs to educate someone today?
The internet has made this basically fucking free. Back then access to knowledge was expensive, now it's at the touch of your fingers.
If it were privatized, the price would fall through the floor and it would look radically different from the system we have today.
Fuck public poison """""education"""".

>> No.6775852

>>6775823
Don't teach him shit. He's a grown ass man. Fishing isn't that hard.
Or
Kill the man and he will never go hungry again.

>> No.6775873

Completely wrong about it. I use my money to req havoc on bullies from my past.

>> No.6775874
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6775874

>>6775657
Yes.
Human life is worth less and less and you're investing in it.
It's literally losing money.

>> No.6775880

>>6775602
yes, if you were going to have a child you should've prepared for it to be unhealthy just in case.
are people really this stupid?

>> No.6775883

>>6775818
>Medical care is not monopolized here or in France, what the fuck are you talking about?
Yes it is you gigantic idiot.
You're a liar.
France has socialized healthcare like the rest of the world.
If you want to be a doctor you have to go through the government monopoly.

>I still don't see why I shouldn't help people if I could. The "le give fishing rod not fish" meme does not apply here.
It absolutely does apply because mass producing medical care and getting the price down does much more to help people than simply giving them free healthcare.

>> No.6775893

>>6775842
>Being this much of brainlet and fall for Ayn Rand meme

>> No.6775907

>>6775819
You're the one thinking small.
My entire post was about thinking big.
Imagine projecting this hard.

>>6775893
Ayn Rand was a dumb bitch, but free markets are a good thing absolutely.

>> No.6775913

>>6775703
How would you feel that you helped some random sick kid and ignored other 100000 sick kids that will die. How would you choose which kid to help? This is just virtue signaling, such acts of "altruism" are hypocrisy.

>> No.6775935

>>6775530
>i.e africa

>> No.6775938

>>6775893
>having no argument

>>6775913
this is why Altruism does not make sense

>> No.6775942
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6775942

Reminder that healthcare used to be cheap in the 50s/60s/70s in USA before the government intervened and started controlling everything.
The price should be coming DOWN, not up.

>> No.6775944

>>6775883
Socialized =/= monopolized, you mong.
Private clinics do exist.
>>6775913
I'd help kids of my nationality. Simple as. I can't help all these African kids, so I wouldn't bother.

>> No.6775972

>>6775530
This

Most of the civilized world has tried this for over a hundred years (literary giving money to Africa) and things never get better. 1. More money = 2. Africans live longer = 3. more children = 4. more problems = 5.more money needed = 6. repeat 1.

Start companies and create work for them. Free money = laziness and failure

>> No.6775995

>>6775944
>Socialized =/= monopolized
Socialized medicine is LITERALLY the government monopolizing medical services one way or another.
You literally can not refute this.
I mean it's incredible how stupid you are.

Do you know what the NHS is?

>Private clinics do exist.
Barely, they're also extremely regulated and controlled by the government.
Also these private clinics are expensive thanks to state involvement/lack of economies of scale due to government system taking most of the market share

>> No.6776030

Partly, giving away your money to charity is retarded, but using your influence to start a business that will change the world is the right thing to do.

>> No.6776033

>>6775530
Kek. Good one. The only people hurt when people get free things are business owners. The 99% are helped. Read about it.

>> No.6776039

>>6775907
>thinking big
>best comparison this brainlet can think of for profit driven progress is charity work vs medical research
>projecting this much

>> No.6776048

>>6775602
>Yeah, fuck all these parents with children that have rare diseases and require expensive treatment to cure, they shouldn't have accumulated at least half a million before having children, the irresponsible bastards!!
A very rare occurrence. Only a retard would create a worldview on something that happens so little. The irony is that rare diseases are often not curable anyway and throwing half a million at it only prolongs suffering. It's literally pointless.

>> No.6776063

>>6775850
thats the governments job. the individual helps other individuals through trickle down economics not hand outs. hand outs put people on the drip feed. business puts them to work and gives them the skills and money they need to build their own business

>> No.6776070

>>6775972
You are so right. The only solution is black genocide. Or starvation of black families. Why didn't I think of this.

>> No.6776075

>>6775823
Build a man a fire and he'll be warm for a day. Set a man on fire and he'll be warm for the rest of his life.

>> No.6776087

plenty of things you can donate to that will actually help the planet so you and everyone you know benefits as well as the general public / poor
>nuclear fusion
>lab grown meat
>medical research

>> No.6776092 [DELETED] 

>>6775972
>>6775972
You are so right. The only solution is black genocide. Or starvation of black families. Why didn't I think of this.

>> No.6776104

>>6776070
africas population is artificially propped up. they cant physically sustain that number of people wothout hand outs. if we let nature take its course they would revert back to a much more sustainable population size

not saying thats the right thing to do but it exemplifies the problems with handouts

>> No.6776121

>>6776070
>>6776070
africas population is artificially propped up. they cant physically sustain that number of people wothout hand outs. if we let nature take its course they would revert back to a much more sustainable population size

not saying thats the right thing to do but it exemplifies the problems with handouts

>> No.6776124

>>6776030
even if a billionaire just blows his money on yachts it's a good thing
>people build the yachts
>people maintain the yachts
>people supply the parts and resources

even if he just leaves it in a bank or cold storage its good
>in bank, collect interest and bank can loan out money to others
>in cold storage, drives up price as coins become more scarce, making everyone more wealthy

Meanwhile, stealing and distributing a billionaires money accomplishes nothing except satisfying some urges of some poorfag.
I recently talked to a leftist who was all about redistributing wealth and universal basic income.
If every person on earth gets $2k a month we would need $192,000,000,000,000 every year. Total cash in circulation is what, 50 trillion? Stock market is like 70 trillion.

>> No.6776131

>>6776048
Not curable yet is not the same thing as impossible to cure no matter what.

>> No.6776176

>>6775285
If I was a multi billionaire i would be an anti-soros

>> No.6776197

Is this /pol now.
Everyday we stray futher from biz.

>> No.6776205

>>6776121
Guess what. New technologies and businesses drive up the global population size as well. Why do you think we have 7 billion people and growing.

>> No.6776206

my end game with crypto is to be rich enough to set up some sort of business that allows NEETs to work from home

>> No.6776214

who cares, youll never be a millionaire with crypto so why even think about it

>> No.6776223

he's wrong

>> No.6776264

>>6775602
Waste of resources

Know what happens when people with rare diseases reproduce?

>> No.6776278

He is right.
I am soon to become a millionaire and then a billionaire.
When i become a billionaire i must dedicate my life into helping humanity.
People should be ashamed to die before achieving some victory to mankind.

>> No.6776287

>>6776033
>The only people hurt when people get free things are business owners
No, society is worse off because the scarce resources in society are temporarily consumed/wasted as economic production goes down. Prices are forced to rise because scarce resources have been consumed without anything to replace it.
What's needs to happen instead is increase economic production.

If you are stupid enough to be a socialist you need a free helicopter ride.

>Read about it.
>DUDE READ MARX LMAO

>>6776039
>>best comparison this brainlet can think of for profit driven progress is charity work vs medical research
There are countless other comparisons you brainlet.
How about giving away food instead of growing food on a farm or increasing farming technology.
Africa should learn that lesson.
You couldn't even refute my ONLY comparison. lol

>> No.6776292

>>6775285
>Is this guy right about being a billionaire?
yes

>> No.6776306

>>6776124
Nope. Yacht logic is retarded because that logic works better with distributing to poor fags. Poorfags would instantly re-inject that money into businesses and economy which creates jobs and businesses.

>> No.6776338

>>6776306
instant injections don't create businesses, slow constant injections does.

>> No.6776346

>>6776205
not in africa though. africas whole population lives or dies on the drip feed of western altruism. places like india and china may not be nice places but they can support their populations. africa can not and by pumping in endless hand outs were only making them more reliant because it kills business, whos gonna buy bread when the res cross hands it out for free?. if we pumped in jobs maybe they would have a chance. but then you gotta question how viable african workers are. china is trying well see how that goes

>> No.6776377

>>6775697
We are altright man. We can have socialism if we were a white country.

>> No.6776390

>>6776287
You mean renewable resources. Nothing that poor people need to survive is not renewable. When business owners receive invest ment money they spend that money on resources as well to sell to the poor families. No different.

>> No.6776409

>>6775842
Stop falling for Jewish bullshit

>> No.6776412

>>6775285

Wtf is with all the normies on my board? I unironically would not give away a dime if I was a billionaire and anyone who would is a literal cuck. When you get this romantic image of the poor family starving for a loaf of bread, realise that it is their circumstances which endears them to you, and if you take that away they are just as vile, shitty, and selfish as 99% of people. If you read enough literature you start to realise people are terrifying, poor people especially so, study non fiction and this will be reinforced. Most victims would happily play the role of victimiser, put a gun in the hand of a poor fisherman and see how long it takes for him to start looting.

Basically just donate some to an animal shelter and use the rest to preserve things that matter, like culture, buy Art, it will outlive any human currently alive. Human life is by and large, worthless.

>> No.6776447

>>6776338
>1000 poorfags buys 1000 cars
>Car factories hire more people
>More replacement parts
>Carshops have more business
>Insurance companies prosper
>etc etc
>1 or 2 rich fag buys crazy boat
>Doesn't create shit

>> No.6776458

>>6775602
>Donate trillions of dollars in food aid to Africa
>They're still poor, starving, and die of AIDS

>> No.6776463

>>6776412
it's pretty funny, the quickest way to get people to stop caring for the poor is having them work at a soup kitchen

>> No.6776479

>>6776306
So instead of the owner of the money directly spending it himself into businesses and economy which creates jobs and businesses, it works better to first pay a bunch of useless bureaucrats to distribute it to people who can't make their own money?

>> No.6776490

>>6776458
We are talking about helping people, not subhumans.

>> No.6776496

>>6776306
>>6776124
You're both wrong.
When rich people SAVE money it lowers the cost of capital and consumer goods so people can consume more and businesses have cheaper input costs.

They can either do this or invest that money in a business.

Either way society wins.

What makes people poor is reckless, wasteful spending and money printing.
Keynesians are fucking wrong.

>>6776377
Socialism doesn't even fucking work with white people.
>we can have poverty and economic stagnation if everyone was white

>>6776390
What is your argument?
You aren't making sense, retard.

>> No.6776500

>>6776447
>Car factories hire more people
>More replacement parts
>Carshops have more business
>Insurance companies prosper
>suddenly no one buys cars
>massive layoffs
>people have to sell their cars as they no longer have a salary
>car market gets flooded by practically new cars for half the price as the factory
>the factory actually have to lay off more people then they had before since the whole market is now second hand

>> No.6776527

>>6776447
>billionaire decides to buy $100m yacht
>shipyard building yacht employs 1000 people
>supplying industries get more business
>insurance for yacht costs a fuckton
>yacht sails to poor but nice country bringing spending power there
>businessmen can meet on yacht and make nice deals
>prostitutes can have a good time

>poorfags just drive their cars to mcdonalds

>> No.6776528

>>6776346
You need to go deeper. American businesses that are overstocked are the ones giving those handouts to Africa. The handouts they get are for cheap food and clothes. Sure irs harder on the few business owners producing the cheapo food and clothes but that's just natural selection. As a business creator you need to be fulfilling a need to society to stay in business. If basic soicietal needs are met then naturally new businesses will migrate towards selling goods and services that the society actually does need. If poor people get food and clothes then business owners naturally start producing non necessities for profit. While poor people don't starve. Its a win win in that sense.

>> No.6776562

Could be, I'm neither.

>> No.6776572

>>6775602
They should've aborted. Modern medicine can detect most of this shit in the womb now.

>> No.6776575

>>6776496
My argument is that your argument is flawed because the resources consumed are renewable.

>> No.6776580

>>6776500
You know that argument can be applied same for rich person buying a yacht?
>>6776527
top kek
made me laugh

>> No.6776588

>>6775657
In private society people will also run schools, hospital and libraries. Cause people want it and pay for it. And before you answer: You pay with taxes now. So you are already paying. But people in government decide what you will get.

>> No.6776602

>>6776575
>resources consumed are renewable.
no shit they are fucking renewable but it requires capital/time/effort/labour to produce them

your argument is pointless

>> No.6776619

>>6775530
He's right but he phrased it like a sperg. Consider someone like Bill Gates, he could either invest his resources in creating new technology that will impact everyone's life and serve as the foundation for innovation for the next 1000 years, or he could give everyone in Africa $100. This is an extreme example to illustrate the point.

>> No.6776622

>>6776580
no
>>6776306
>Poorfags would instantly re-inject that money
Rich people wouldn't

>> No.6776647

>>6776622
>Rich people wouldn't
Do you think rich people just hoard all of their money in some giant hidden vault and never spend anything?

>> No.6776648

>>6775530
so true. free market, fair trade, fair wealth.

>>6775972
unfortunately some people think its better to take the resources, instead of free market trade. you see the consequences with mass migration and a lot of more shit.

>> No.6776663

>>6775530

This. We keep giving niggers money, but they just stay niggers.

>> No.6776677

>>6776647
Nah, honestly they would dump a good chunk into off-shore accounts in tax-haven.

>> No.6776679

>>6776622
No. Rich people invest money in stocks. Bonds etc. That doesn't provide society anything.

>> No.6776689

>>6776647
that'showyoubecomeabillonaire.jpg

>> No.6776692

>>6775670
basically this

>> No.6776697

>>6776677
So then people who live in those countries will see massive improvements in their living standards.
We should just have low as fuck taxes here so rich people keep their money in this country.

>>6776679
bonds dont but that's governments fault for creating them

stock DO however, you invest in a company that is creating wealth for society.

How do you not know this? is this your first day on /biz/?

>> No.6776699

>>6775602
Euthanasia should be legal for kids like that and ofc chemical castration and sterilisation for the parents, making sure they wont be able to create another abomination.

Its what's best for the child

>> No.6776710

>>6776679
rich person here. own no stocks, no bonds.

>> No.6776715

>>6776679
I'll put my money into this company that will use it to make stuff.
>that doesn't provide society anything
Oh, in that case, I'll give it to someone else who will just buy things for themselves instead.

>> No.6776719

99% of tge 1% The richest people on earth inherited their money. The richest people have so much money they couldn't even spend it if they wanted to. It's too much.

>> No.6776720

>>6775697
>OH WAIT, THE GOVERNMENT MAKES IT ILLEGAL
how is that? actually curious and not trolling. can u elobarete on that point?

>> No.6776736

>>6776278
That is my worry

>> No.6776753

>>6776710
>>6776710
Etc you have to hold your money somewhere.

>> No.6776758

>>6775703
no one is telling yout that you cant. you fucking pay for it if youre such a god damn altruist. seriously. you personally pay for it. lets see how good you are now

>> No.6776776

>>6776715
Buying things is great for gross gdp.

>> No.6776778

>>6776719
>99% of tge 1% The richest people on earth inherited their money.
This isn't even remotely true, holy shit you're an idiot.

>The richest people have so much money they couldn't even spend it if they wanted to. It's too much.
Do you know what wealth means you fucking idiot.
If the rich people gave all of that money away it would just cause massive inflation and nobody would be better off.
This money they have does not equal consumer goods.
Non-rich people consume 99% of all consumer goods. Taking the money these people have is fucking POINTLESS.
Read a book.

>>6776720
see:
>>6775942
and read the entire image and redpill yourself

>> No.6776797

>>6776697
Nope. Tax havens are shitty tiny countries that only survive because they are tax havens and other countries didn't bother taking over. Major countries, especially US, can't be a tax-haven simply because of its sheer size.

>> No.6776831

>>6776797
Why have large countries in the first place? Or countries at all, for that matter?

>> No.6776840

>>6775530
This. Doing good for evil results in evil. The nature of evil is deception and ignorance. People are deceived and ignorant. The people cause harm by existing and not taking the responsibility for their existence, which is to progress and become constructive. The military industrial complex is the best philanthropic organization. Invest in war, death, destruction, and genocide.
It is God's true path.

>> No.6776853

>>6776797
>Nope.
Yes.

>Tax havens are shitty tiny countries that only survive because they are tax havens and other countries didn't bother taking over.
So?
People in those countries are much richer because the money was put into their economies.
It's funny because the country that the rich person originally made his money in before he moved it to the tax haven also benefits because that money is underconsumed and resources aren't wasted.
Prices for capital and consumer goods goes down in the original country.

>Major countries, especially US, can't be a tax-haven simply because of its sheer size.
They easily can, just lower taxes. Or better abolish the income tax entirely.

>> No.6776864

>>6776831
Read history books
>>6776853
>It's funny because the country that the rich person originally made his money in before he moved it to the tax haven also benefits because that money is underconsumed and resources aren't wasted.
lol wut no
>They easily can, just lower taxes. Or better abolish the income tax entirely.
If no one pays tax, how are we gonna afford all the infrastructure and military for example? What good will be your money if Russia/China takes over US?

>> No.6776887

>>6776864
>lol wut no
Not an argument at all, stupid.
What do you think happens when rich people save money, prices go down for capital and consumer goods.
Everyone benefits.

This is why I laugh when people are like "immigrants are taking money out of our economy and sending it to their own countries"
This just benefits us.

>how are we gonna afford all the infrastructure and military for example?
USA used to get by on a few tariffs and sales taxes.
Spending should be dramatically cut either way, it's a poison on our economy.

>> No.6776901

>>6776864
>Read history books
What kind of argument is that?
Should we sacrifice people for a good harvest because people used to do so in history?

>If no one pays tax, how are we gonna afford all the infrastructure and military for example? What good will be your money if Russia/China takes over US?
Don't be such a gullible cunt and read the thread. Learn some economics.
If there's a demand, people will pay for it and other people will create services to supply and satisfy the demand.

>> No.6776906

>>6775285
Yes if you create infrastructure, and not just dump rice on a field somewhere in Africa.

Look at the gates foundation for inspiration.

>> No.6776961

>mfw people unironically believe that if they took all of this money the 1% owns they would be rich as fuck and be able to live like kings

it's retarded
it would simply cause price increase and nobody would be better off

there is zero benefit to taking from the rich, it just causes economic destruction and poverty

socialism is fucking a RETARDED death cult

>> No.6777013

>>6776887
>What do you think happens when rich people save money, prices go down for capital and consumer goods.
Explain that logic.
>>6776901
Nice job missing the point, retard. Seriously read some history books. We don't have big countries because we had them before. It's because human nature and power dynamics forces it to be so.

>> No.6777060

>>6777013
And now we have internet and blockchains.
There's literally no reason why we should need governments or countries in the future.

>> No.6777071

>>6775285
Most "billionaires" aren't much richer than a lot of millionaires. They usually just own shares and their value is almost entirely in their company

>> No.6777076

>>6776412
>implying art has value

>> No.6777088

>>6775285
no he is not.
instead of spending free money its better to start a business and people get paid for their work. even if the organisation is not making profit in the begin, all people will learn a lot.
only businesses generate long-term wealth.

>> No.6777094

>>6777013
>Explain that logic.
lol because it's fucking supply and demand

less money in the economy means less resources are being consumed, which means prices come down, which means the money EVERYONE ELSE HAS(including poor people) goes up in value and they can purchase more goods with it, so can other companies

U MAD?

>> No.6777139

>>6777060
yeah man, fuck borders and stuff lets all live together in harmony

>> No.6777143

>>6776197
That's true for almost every board now. Not that I'm anti /pol/ but it draws in a lot of newfags who shit up the rest of the boards

>> No.6777145

>>6775874
humans are the only thing that gives objects value by definition.
putting money into public use infrastructure is what civilisation is built on

>> No.6777180

>>6777094
>being this much of brainlet
Can't believe I took you seriously even for a second

>> No.6777195

>>6775782
Reminder that the US gov has temporarily ceased to function
The private sector hasn’t stopped though

>> No.6777214

>>6777180
>no refutation
Why do people do this?
Couldn't you just admit you were wrong?

Like holy shit desu, why waste everyone's time?

>> No.6777238

>>6777094
i think he is retarded

>>6777013
>What do you think happens when rich people save money, prices go down for capital and consumer goods.
>Explain that logic.
Money is just something for trading purpose. Money has only the value we give money.
If rich people save money, the rest has fewer circulating money. So the prices go up, if there are the same amount of goods.
If rich people invest, new goods are generated. The prices fall.

>> No.6777247

>>6777145
>humans are the only thing that gives objects value by definition.
But if the supply of humans increase their value still drops.
Try and research some basic economy and read about Ford.

>> No.6777281 [DELETED] 

Anon, do you hate easy money? If not then join,,.

https://discord dot gg/6ddqFHd

>> No.6777292

>>6775530

Actually it's not, for all you know that person who gave money to could be a savant autistic person who will invent something that changes the world. But since they died when they were young or couldn't afford education and were stuck working manual labor they don't get the resources they need.

>> No.6777310

>>6777238
>Money is just something for trading purpose. Money has only the value we give money.
>If rich people save money, the rest has fewer circulating money. So the prices go up, if there are the same amount of goods.
>If rich people invest, new goods are generated. The prices fall.
Thank you.

I don't know why this is so complicated for some people.
Lack of knowledge of economics is the main reason socialism exists, people are fucking dumb.

>> No.6777343

>>6775842

>america in a nutshell

You guys are basically going back in time to fuck yourselves lmao
We were so close to progressing to AI fueled economy where we only have to work 20 hours a week, AI would make all decisions for us, and we would live in a super utopia and explore the stars. You guys fucked it all up with your bullshit.

>> No.6777349

>>6777292
>Actually it's not, for all you know that person who gave money to could be a savant autistic person who will invent something that changes the world.
The odds of that are extremely rare it's not even worth talking about.

ALSO with the business route, you are helping the poor autistic kid at the same time if your company finds a cure for autism or whatever.

>couldn't afford education
Education would cost pennies in a free market. it's already basically free, the government just props up the price through colleges and public schools
abolish them

>> No.6777377

>>6777076

>implying it doesn't

value
ˈvaljuː/Submit
noun
1.
the regard that something is held to deserve; the importance, worth, or usefulness of something.

Value is subjective, the vast majority of people believe art has value, likewise most rich people do. Only deluded hippies think human lives have value, how can they when a human is only in prime condition for about 20 years, plus you can't really own humans anymore. Art is a better choice, objectively, due to its subjective worth.

>> No.6777383

>>6777060
>Blockchain will protect me
Lol

>> No.6777386

>>6777343
>We were so close to progressing to AI fueled economy where we only have to work 20 hours a week

That would only happen in a free market with a deflationary currency.
Prices would decline so much that most people would work part time or not at all.

The reason people can't retire and have to work long hours is the fucking central bank and government.

>> No.6777397

>>6777139
What beef do you have with Ivan in some Siberian shithole?
What beef do you have with Umbaktu in Zimbabwe?

>>6777292
So let's just steal everyones money to save all of the autistic kids because of the off chance of them developing something?
It makes much more sense to let people keep their money and invest it in what they want, like companies who actually develop things everyday.

>> No.6777405

>>6775913
>Do for one what you wish you could do for everyone

>> No.6777409

>>6775530
>create wealth by starting a business

I fully agree. If I were a billionaire, I'd start a company for the hell of it and then refuse to hire niggers, muslims, indians, etc.

That's how you indirectly save the white race. You give them jobs. Which is kinda what Trump is trying to do although he's being stopped at every turn.

>> No.6777419

>>6777310
He disagreed with you, retard.

>> No.6777437

>>6777343
I'm not even American you retard

But it makes sense that you're afraid of making your own decisions and need big brother (or an AI) to make them for you. Better not strain your little brain.

>>6777383
Why not?

>> No.6777445

>>6777310
Yes its lack of economics.

There was a time, I also thought economics (capitalism) is very bad. But the more I got into the deep stuff, the more you understand it. You also have to know a little bit about human behavior and basic psychology.
But the most people do not read about economics, because they think its bad. Its the class fight between workers and business man, which politics created.

>> No.6777449

>>6777419
No, read it again, he disagreed with the other guy.

>> No.6777480

>>6777419
I just realized he agreed with me but he was wrong in his explaination.

He said if rich people save money prices go up.
Bullshit, they go DOWN when rich people save.

>> No.6777495

>>6777419
>>6777449
No i did not.

>> No.6777511

>>6777449
He's saying when rich saves money, prices go up.
You are saying when rich saves money, prices go down.
You tell me what's going on here.

>> No.6777521

>>6777445
I've even heard people say that they want to give the money back to the people, but then when I say that economic equality is bad they double down saying that they didn't mean equality.
After digging deeper I realized that they think of rich and poor people as different races and in their head, a poor person with a lot of money =/= a rich person.

>> No.6777525

>>6777495
Ok not to confuse, I am with >>6777480

Gets complicated here. lel

>> No.6777546

>>6777511
What happened is he agreed with me, but he is still wrong about what he explained lol

lets not make this more confusing than it already is

>> No.6777547

>>6775285
No.
Why do commies come here anyway ? This is a business board. Get the fuck back to /pol/

>> No.6777564
File: 773 KB, 1020x1020, 1516501718967.png [View same] [iqdb] [saucenao] [google]
6777564

>>6777547
This board hates commies, that's why I come here.

This is probably the most libertarian board on 4chan.

>> No.6777575

>>6777525
>>6777511
4th person getting involved. You're both right.
Investing in a market brings prices down.
Consuming in a marked brings prices up.

>> No.6777581

>>6777521
So true! Can confirm this.

>> No.6777610
File: 178 KB, 443x347, drunk again mr lahey.png [View same] [iqdb] [saucenao] [google]
6777610

>>6775285
He's right.. About the peer pressure of guilt.

But as far as how moral it is to be a billionaire, it's not significantly immoral to be a billionaire who doesn't contribute. I'll be honest; if I was a billionaire, and retired, I'd build a castle on a private island, buy fancy cars, then I'd go on vacation and spend my money on private projects that have individual significance. Oh yea, and I'd be really really drunk.

>> No.6777632
File: 59 KB, 464x450, 1484645809416.png [View same] [iqdb] [saucenao] [google]
6777632

>>6777575
Yes.

But not doing anything with your money(SAVING IT) also brings down prices.

Also investing only brings down prices if what was invested in was profitable or not.

>> No.6777691

>>6777632
I'll add that investing in something SUCCESSFULLY brings down prices MORE than just saving it does.

But both of these things bring down prices.

Wasting money by consumption just increases prices.

>> No.6777733

>>6776176
The only good answer.

>> No.6777765

>>6777691
>>6777632
holy shit, this productive economic discourse ironically brings me joy. Thank you for not being ideologs /biz/.

>> No.6777830

>>6777765
Read Austrian Economics

>> No.6777832

>>6777765
*unironically

>> No.6777869

>>6777765
Economics discussions is what I thought /biz/ would be originally.

Also a lot of people disagree with what I'm saying about prices, but they are idiots, you should read austrian economics and watch mises institute videos on youtube

>> No.6777931

>>6777632
There's difference between decrease in demand vs decrease in circulating currency tho.

>> No.6777996

>>6775874
>the world population is a bubble
how do we profit off of this

>> No.6778023

>>6777996
invest in AI

>> No.6778085
File: 26 KB, 274x321, 1486393103945.jpg [View same] [iqdb] [saucenao] [google]
6778085

>>6775530
>>6775602
>>6775653
ITT retards who dont realize most of the wealth cant be liquidated nor is helping people exclusive from making money

kys

>> No.6778178
File: 49 KB, 500x387, 1510843584190.jpg [View same] [iqdb] [saucenao] [google]
6778178

>>6777996
Short it.

>> No.6778384

>>6777632
>But not doing anything with your money(SAVING IT) also brings down prices.

Thats more complex. We have to define what happens while you save money. If there are no new goods produced, no trading on the market, nothing, then the prices will stay stable. But when you "save money" means you get money (for example from work). This also means you reduce someone others money.

So I correct me, I think saving money does not effect the prices. Prices stay stable.

Prices will drop or increase only on production/demand.
We have to get rid of thinking fiat money has a real value. The value is only created by: how much money is on the market (printed by bank) and the production/demand. This regulates the prices.

All other stuff happens only, cause banks are printing money. We do not have positive money (full reserved money) yet. But with crypto we will hopefully have.

>> No.6778447

>>6777765
thanks too, love this discussion without ideology shit

>>6777830
Thanks man. I am from austria and studied economics, so I am full into it.

You know Hoppe and more? Love them.

>> No.6778511

>>6775285
How the fuck would I know?

>> No.6778554

>>6777247
the value of a human isnt based on how many or few there are dumbass

>> No.6778582

>>6778554
What's it based on then?

>> No.6778660

>>6778582
how much each of them produces

>> No.6778673
File: 84 KB, 715x683, 1491748068532.jpg [View same] [iqdb] [saucenao] [google]
6778673

>>6778085
>nor is helping people exclusive from making money
>economic production from capital doesn't massively benefit people

holy shit senpai just fucking kill yourself now

>> No.6778694
File: 134 KB, 853x1025, 1491675287709.png [View same] [iqdb] [saucenao] [google]
6778694

>>6778447
>You know Hoppe and more? Love them.
Absolutely.

>> No.6778725
File: 594 KB, 800x988, 1464474951396.jpg [View same] [iqdb] [saucenao] [google]
6778725

Nobody ever did anything for me so why should I care about them if I make it?

If anything I'll use my billions to destroy the world.

>> No.6778731

>>6778660
Wrong.
Human value is based on - plusvalue(goods and services rendered) / available resources.
You forgot to factor in quality of life.

>> No.6778908

>>6778731
stop making shit up

>> No.6779021

>>6775851
correct

>>6775874
wrong/ironic

>> No.6779046

>>6778731
human value and quality is very subjective

if every person produces the same amount, then "human value" (goods) ist still is the same for every person, even population increase endless. simple mathematics.

ressources: you presuppose there are limited ressources. (theoric yes on earth). but we find every day more ressources. the more people on planet, the more can search and finde more ressources.
this does not mean, its "good" to all ressources (f.e. rainforest). but this is another discussion about ethics, not about economics. you have to make a difference.

>> No.6779200

>>6779046
Game theory time.
Jack and Jill live on a 5 acre farm.
They have plenty of food and more.
Max and Sophie come to live on that farm, now they're struggling for food and barely scrape by during winter.
All of them would benefit from the opportunity of killing someone(provided they don't get punished), therefore the value of human life decreases even to a negative if resources are scarce.

In both examples every person produces the same amount, provided they have the same skillset. Yet the value of human life decreases as a whole.

Q.E.D.

>> No.6779416

>>6779200
As said, you presuppose resources are on earth limited. But they are not! Read my last post again.

But compared to the earth, in your example Max and Sophie can start digging to make more farm ground. They can help putting plants, so there is more food. They can experiment with the food, find new processing of the food and triple the food generated. And the four have more food then before.
This is how our world works.

>> No.6779472

>>6779200
>In both examples every person produces the same amount, provided they have the same skillset.

You know human developement? We do not live in caves, cause we are extending our skills ... your example is wrong.

>> No.6779483

Yes
Billionaries cannnot sit on their money because le tax man

Instead they evade tax by putting it in chsrities and trust foundations

>> No.6779591

>>6779472
The same principle still applies regardless of technology, as long as resources are limited (which for all intents and purpuses they are in our world).
>>6779416
Resources on earth are already limited.
Space, fossil fuel, arable land, drinkable water, all much more limited than you think.

It's a contained example because that's how game theory works. Just like physics.

>> No.6779735

>>6776206
My end game is to create a temple of Kek were no normies will be allowed. Create a database of the Disciples of Kek and a smart contracts based donation system that will allow rich anons to give free gibs only to the members so that the ones that made it can drop a few hundreds every other month so a Poorfag anon can maintain neet status without having to wageslave.

>> No.6779848

>>6779735
The donation list will be optional so if a particular anon starts thriving and no longer needs support he is delisted and can later contribute to the Temple.
In the future there will be a lot of filthy rich anons and a few bucks a month can help a lot of Poorfags and then some in third world shitholes

>> No.6779849

>>6779591
>t. malthus