Wealth inequality is fair.

People having different amounts of wealth is completely fair.

Not everyone works as hard as others.

Not everyone is as smart as others.

Not everyone has as much responsibility as others.

CEOs have a skill set and an importance that their workers do not have.

That is why they make more.

If wealth equality were a thing, that would be unfair.

It's not fair that someone who does not contribute as much, make as much as someone who works harder, and/or has more responsibility, and/or works smarter.

To some degree, but plenty of people are held back to an extreme degree by incurable ailments, both physical and mental. Such people will never have the ability to work 'hard' enough to 'succeed' and gain capital. Those people should not have to live in poverty.

Often one's ability to 'work hard' is due to inherent characteristics and upbringing, so I don't really have the same respect that some others do for 'self-made' millionaires etc. Well done, you were born with the correct characteristics to engage successfully with the capitalist model, and now you're hoarding all your wealth and doing **** all of use for anyone else with it.

Originally posted by Neon1234
People having different amounts of wealth is completely fair.

Not everyone works as hard as others.

Not everyone is as smart as others.

Not everyone has as much responsibility as others.

CEOs have a skill set and an importance that their workers do not have.

That is why they make more.

If wealth equality were a thing, that would be unfair.

It's not fair that someone who does not contribute as much, make as much as someone who works harder, and/or has more responsibility, and/or works smarter.

Originally posted by Newjak
Yet it's proven multiple times in history that when there is a large income inequality gap it shows that the system is unfair and broken where the wealthy abuse their wealth power to get more wealth until the economy collapses around them.

Originally posted by Newjak
Yet it's proven multiple times in history that when there is a large income inequality gap it shows that the system is unfair and broken where the wealthy abuse their wealth power to get more wealth until the economy collapses around them.

It's going to break, sooner or later (perhaps sooner than anyone expects). What will replace it is the real question.

Originally posted by Old Man Whirly!
didn't eon make exactly this thread with a different title a few weeks ago?

No.

That thread was about people freeloading.

Originally posted by Old Man Whirly!
didn't eon make exactly this thread with a different title a few weeks ago?

same fallacy and general theme. basically the same "the poor deserve to be poor, because they chose to be poor, or else why are they always poor" circular argument, except applied to the wealthy.

basically not-eon really really hates poor people, and needs to post many threads about it

Originally posted by Scribble
Yes, the current corporate-capitalist system (a direct result of capitalism in general) is doomed to fall, eventually. The 'freedom' of the 'market' has lessened the liberty and freedom of those left in the shadow of those who have succeeded in playing the corporate game (Bezos, Gates, etc.). The middle class is eroding, and the chance of an individual getting lucky or making it big is a gap that is thinning at an alarming rate.

It's going to break, sooner or later (perhaps sooner than anyone expects). What will replace it is the real question.

People will still be able to work in that type of society and there will still be capitalist elements.

Originally posted by Scribble
Yes, the current corporate-capitalist system (a direct result of capitalism in general) is doomed to fall, eventually. The 'freedom' of the 'market' has lessened the liberty and freedom of those left in the shadow of those who have succeeded in playing the corporate game (Bezos, Gates, etc.). The middle class is eroding, and the chance of an individual getting lucky or making it big is a gap that is thinning at an alarming rate.

It's going to break, sooner or later (perhaps sooner than anyone expects). What will replace it is the real question.

Capitalism is by far the best economic system available. Capitalism means innovation and looking at the data, it is the best invention humanity has had outside of the wheel and fire.

The number of people being lifted out of poverty even today is crazy. What we have in the US is not capitalism anymore. I hate that this is being used. It’s the opposite of capitalism. It is the centralizing of power, rewarding bad behaviour and unproductive allocation of capital etc.

I'm poor myself.

But I live a simple lifestyle.

And I know it's only temporary since I will graduate college in August 2022.

Originally posted by Rage.Of.Olympus
Capitalism is by far the best economic system available. Capitalism means innovation and looking at the data, it is the best invention humanity has had outside of the wheel and fire.

The number of people being lifted out of poverty even today is crazy. What we have in the US is not capitalism anymore. I hate that this is being used. It’s the opposite of capitalism. It is the centralizing of power, rewarding bad behaviour and unproductive allocation of capital etc.

Couldn't agree more. 👆

Originally posted by Rage.Of.Olympus
Capitalism is by far the best economic system available. Capitalism means innovation and looking at the data, it is the best invention humanity has had outside of the wheel and fire.

The number of people being lifted out of poverty even today is crazy. What we have in the US is not capitalism anymore. I hate that this is being used. It’s the opposite of capitalism. It is the centralizing of power, rewarding bad behaviour and unproductive allocation of capital etc.

This is a really interesting point of view, I'm curious about reading more about the difference between real capitalism and what we've got going on now

Originally posted by Newjak
Honestly I think necessity is going to have us go to a more Universal Income model. Specifically because at some point there are going to be more people capable of work then jobs to give them.

People will still be able to work in that type of society and there will still be capitalist elements.

btu thats comunism

Originally posted by Newjak
Honestly I think necessity is going to have us go to a more Universal Income model. Specifically because at some point there are going to be more people capable of work then jobs to give them.

People will still be able to work in that type of society and there will still be capitalist elements.

Why is more government the solution when more government is what got is here? Politicians are great at breaking your knees, then claiming you need them because they have a crutch.

Governments cannot create any money, and printing is another form of tax, the most destructive form ultimately

Originally posted by Neon1234
I'm poor myself.

But I live a simple lifestyle.

And I know it's only temporary since I will graduate college in August 2022.

btu will you have a job after college ?

that is the problem my engeneering family has

Originally posted by Neon1234
I'm poor myself.

more deception and gaslighting. you're a liar and a fraud, not-eon.

Originally posted by Superdad76
btu will you have a job after college ?

that is the problem my engeneering family has

I'm taking Business Accounting.

I am worried about finding a job after college.

We've all seen the stories about college grads working in retail or fast food.

Hopefully that doesn't happen to me.

Originally posted by Rage.Of.Olympus
Why is more government the solution when more government is what got is here? Politicians are great at breaking your knees, then claiming you need them because they have a crutch.

Governments cannot create any money, and printing is another form of tax, the most destructive form ultimately

I noticed you mentioned that capitalism is the best mechanism we have to stop poverty. I don't completely agree or disagree with that statement. Ultimately a number of factors go into what allows individuals to come out of poverty.

For instance a lot of people like to cite China's rising income to show the greatness of capitalism. Yet most of those income increases have stagnated and still fall under the international poverty metrics and cost of living metrics.

Even in the U.S. income inequality is ballooning as more and more Americans go into poverty. The interesting thing is the biggest increases in income inequality tend to come from when Republicans control the government. Which is interesting because those are the times that capitalism is supposed to be set free.

The analogy I can come up with is that capitalism is like a fire. It can be very useful but if it's not controlled or reigned in it can cause even more damage then the problems it was solving.

Originally posted by Rage.Of.Olympus
Capitalism is by far the best economic system available. Capitalism means innovation and looking at the data, it is the best invention humanity has had outside of the wheel and fire.

The number of people being lifted out of poverty even today is crazy. What we have in the US is not capitalism anymore. I hate that this is being used. It’s the opposite of capitalism. It is the centralizing of power, rewarding bad behaviour and unproductive allocation of capital etc.

It's weighted toward exponential corruption and marginalisation, and so will eventually crack like any other model.

Originally posted by Quincy
This is a really interesting point of view, I'm curious about reading more about the difference between real capitalism and what we've got going on now

As it is, we have a corrupt society, leaning every more towards corruption. But, y'know, what can you do with people? They simply don't work.

Originally posted by Newjak
Honestly I think necessity is going to have us go to a more Universal Income model. Specifically because at some point there are going to be more people capable of work then jobs to give them.

People will still be able to work in that type of society and there will still be capitalist elements.

But I'm concerned that UBI combined with the corporate-capitalism we have now, combined with a burgeoning techno-industrial revolution, will leave a lot of people disenfranchised, marginalised, bereft of work, meaning, and any sense of hope for living.

Of course that isn't to say government can't wielded improperly either but a blanket capitalism good government bad stance is part of the reason we're at where we're at.