Seattle
Valued Senior Member
Some inconsistencies.
People who "hate" Reagan but complain today about too much power among too few companies. Reagan started deregulation because Bell controlled the phone companies, lines, phones and break them up into Baby Bells and now we have cell phones, dozens of providers, etc.
People who dislike "greedy corporations" but work for a corporation and are glad to have a job. People who talk about the "worker" should be paid more because they do all the work. Investors are just rich people who do nothing and shouldn't be rewarded. Wages should go up instead. In other words they devalue the role of capital.
Without capital there would be no industrial revolution and we would just be scavenging all day for enough calories to survive.
A fisherman without capital can catch 1 fish by hand every 2 hours. With a small boat he can catch 10 a day. If someone defers their own self gratification for a year and pays him to build a large fishing trawler, he can use a net and catch a ton of fish each day thereby raising his own skill level, pay and making fish plentiful for everyone.
Who is the more valuable cog in this wheel, the "working man" or capital?
People who complain about "loopholes" and have a 401k, IRA, Roth IRA, mortgage interest deduction, personal exemption, kid tax credits, $250k capital gains exclusion etc.
People who complain that the "rich" don't pay their "fair" share of taxes when they pay most taxes.
People who complain about lower rates for long-term capital gains who do want jobs that are made available as a results of such tax treatment.
People who talk about "trickle down doesn't work...tax the rich more" when wealth is generally all invested in capital markets and I've already talked about how, without capital, we are all just scavengers.
Without capital, there is no "excess" anything to generate our whole economy and modern way of life. The end result of such "inconsistencies" is to put us in a race to the bottom where we are at a subsistence level...but equal.
People who "hate" Reagan but complain today about too much power among too few companies. Reagan started deregulation because Bell controlled the phone companies, lines, phones and break them up into Baby Bells and now we have cell phones, dozens of providers, etc.
People who dislike "greedy corporations" but work for a corporation and are glad to have a job. People who talk about the "worker" should be paid more because they do all the work. Investors are just rich people who do nothing and shouldn't be rewarded. Wages should go up instead. In other words they devalue the role of capital.
Without capital there would be no industrial revolution and we would just be scavenging all day for enough calories to survive.
A fisherman without capital can catch 1 fish by hand every 2 hours. With a small boat he can catch 10 a day. If someone defers their own self gratification for a year and pays him to build a large fishing trawler, he can use a net and catch a ton of fish each day thereby raising his own skill level, pay and making fish plentiful for everyone.
Who is the more valuable cog in this wheel, the "working man" or capital?
People who complain about "loopholes" and have a 401k, IRA, Roth IRA, mortgage interest deduction, personal exemption, kid tax credits, $250k capital gains exclusion etc.
People who complain that the "rich" don't pay their "fair" share of taxes when they pay most taxes.
People who complain about lower rates for long-term capital gains who do want jobs that are made available as a results of such tax treatment.
People who talk about "trickle down doesn't work...tax the rich more" when wealth is generally all invested in capital markets and I've already talked about how, without capital, we are all just scavengers.
Without capital, there is no "excess" anything to generate our whole economy and modern way of life. The end result of such "inconsistencies" is to put us in a race to the bottom where we are at a subsistence level...but equal.
