Controversial Elon Musk set to become the first trillionaire.
- Thread starter Toby D. Dog
- Start date
This isn't a moral thing, but a lack of regulation. High tax rates for the rich and corporations was to insure that wealth flows back into the economy. Reducing the tax rate and removing regulations once again allowed the rich to hoard wealth, buy up resources, give poor wages, and gradually price people out of basic necessities.
No one have to take interest. It is a choice. And your words are related about how interests makes the rich even richer. So yes your concern is with peopel being rich and not with people being poor.
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I will never be a slave unless everyone is a slave
Logiko's logic...
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Define west. Because South America is full of communists.
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I will never be a slave unless everyone is a slave
Logiko's logic...
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Define west. Because South America is full of communists.
Do you? You know that excessive capital entering a market typically debases a currency right?
Ever heard of inflation?
Mansa Musa literally destroyed multiple economies just by passing through towns and spending a lot. George Soros literally broke the British economy for a couple days. And neither of those guys are trillionaires.
Do you even realize what a trillionaire could do in a free market unchecked? How much economic damage one person with that level of wealth could do even just by accident?
Ever heard of inflation?
Mansa Musa literally destroyed multiple economies just by passing through towns and spending a lot. George Soros literally broke the British economy for a couple days. And neither of those guys are trillionaires.
Do you even realize what a trillionaire could do in a free market unchecked? How much economic damage one person with that level of wealth could do even just by accident?
Lack of regulation? There are way too much regulation in the world.
High tax for what? To stolen from rich and give to... Governament? You really think governament will transfer that money to population? If it does how % of what they stolen you think population will get?
You just hate riches. At least the ones who are not in your political spectrum.
Buying resources is one of the things that moves economies, creates jobs, increase people's earnings.
Poor wages are created by lack of competition that is caused by high regulation.
High tax for what? To stolen from rich and give to... Governament? You really think governament will transfer that money to population? If it does how % of what they stolen you think population will get?
You just hate riches. At least the ones who are not in your political spectrum.
Buying resources is one of the things that moves economies, creates jobs, increase people's earnings.
Poor wages are created by lack of competition that is caused by high regulation.
Quite the opposite. Excessive capital LEAVING a makret debases the currency.
George Soros didn't broke Britain alone. He made a BET and influenced people to follow him on his BET. He started a pattern and if people had not followed him he wouldn't even be noticed. This is usually how most banks breaks. There is a rumor that the bank is going bad, if the bank break whoever has cash in it will mostly lose everything so there is a rush to take your money out. And banks can't opperate if all clients remove their money. So they break.
Can't tell much about Musa. It was another world, not the one we are living. Not even close to be a free market. In today world one single trillionaire can't break anything alone, specially because he won't use all his money to do so. But he can influence others to follow him and create a snowball effect which is different.
Governaments are the ones who creates abnormalities into economy. Monopolies that shouldn't exist, overly rich people, distortions in prices and supplies.
Musa himself got OVERLY rich by taxing people. This is what governament does. Centralize money.
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1-5 zeros on the right before the comma
George Soros didn't broke Britain alone. He made a BET and influenced people to follow him on his BET. He started a pattern and if people had not followed him he wouldn't even be noticed. This is usually how most banks breaks. There is a rumor that the bank is going bad, if the bank break whoever has cash in it will mostly lose everything so there is a rush to take your money out. And banks can't opperate if all clients remove their money. So they break.
Can't tell much about Musa. It was another world, not the one we are living. Not even close to be a free market. In today world one single trillionaire can't break anything alone, specially because he won't use all his money to do so. But he can influence others to follow him and create a snowball effect which is different.
Governaments are the ones who creates abnormalities into economy. Monopolies that shouldn't exist, overly rich people, distortions in prices and supplies.
Musa himself got OVERLY rich by taxing people. This is what governament does. Centralize money.
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1-5 zeros on the right before the comma
You are talking about different things.
You said about currency, like dolar, euro, real, ien etc...
Capital entering in those currency, aka more demand for dolar or more demand for euro, WILL increase the currency strenght. That's one of the reasons dolar is so strong, is the international currency, everyone wants to have it because international trades are often made in dolar.
And don't treat great mind of the past as they could still understand the world today. Is a whole different world now.
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Not losing my time in that useless video.
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You the one trolling asking for people to give you stuff for free
You said about currency, like dolar, euro, real, ien etc...
Capital entering in those currency, aka more demand for dolar or more demand for euro, WILL increase the currency strenght. That's one of the reasons dolar is so strong, is the international currency, everyone wants to have it because international trades are often made in dolar.
And don't treat great mind of the past as they could still understand the world today. Is a whole different world now.
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Not losing my time in that useless video.
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You the one trolling asking for people to give you stuff for free