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Inmate Central Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome. |
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In Reply to: What Happened To "The Big Check"? posted by Inmate51 on October 12, 2021 at 15:43:59:
How did they get that rich? Tax laws that benefit the investment class over the working stiffs. Loopholes that exempt generational transfers.History already has answered the question of what happens to wealth: it accumulates more and more, leaving less-and-less for everyone else.
The real question is what you think a collection of individuals, i.e. a country, is all about. Is it to develop a system allowing for unlimited wealth or is it to allow all to have equal opportunity to lead meaningful lives? Society places many limits on citizens and setting limits on wealth are democratic: the wealthy have FAR greater powers than the average citizen. That, obviously, is not equitable.
Is it in a society's best interest to have super wealthy inheritors? I certainly don't see many making any sort of great commitment to anything but their own selves.
Edits: 10/12/21
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Follow Ups
- Of course the wealthy should pay more: they benefit the most. - tinear 18:14:38 10/12/21 (76)
- So "wealth" has a "limit"--or otherwise "defined" quantity?... - dark_dave56 05:55:04 10/13/21 (75)
- sounds like 18th century political economy... - Jim Pearce 12:19:51 10/13/21 (0)
- I'll leave it to you to explain how MC wealth has dwindled while - tinear 07:44:12 10/13/21 (59)
- Investing money - E-Stat 08:02:19 10/13/21 (58)
- Laugh and gubment will make the debt slice bigger to prop up the value of investments - Goober58 00:45:56 10/15/21 (5)
- RE: Laugh and gubment will make the debt slice bigger to prop up the value of investments - tweaker456 01:33:01 10/15/21 (4)
- "I do admit that when republicons get in power and drastically lower the Federal debt..." - b.l.zeebub 02:59:50 10/17/21 (1)
- RE: "I do admit that when republicons get in power and drastically lower the Federal debt..." - tweaker456 09:48:02 10/17/21 (0)
- So when they confiscate our wealth to pay the debt.... - Goober58 08:18:42 10/15/21 (1)
- RE: So when they confiscate our wealth to pay the debt.... - tweaker456 02:03:38 10/17/21 (0)
- If you post to a post, kindly address at least ONE of the issues raised. - tinear 09:45:02 10/13/21 (15)
- I provided the single biggest factor! - E-Stat 09:49:40 10/13/21 (14)
- RE: I provided the single biggest factor! - tweaker456 11:46:32 10/13/21 (3)
- Whatever you say! - E-Stat 11:49:55 10/13/21 (2)
- So, from the 30s to the late 70s--- not much for a person who'd retired - tinear 12:36:55 10/13/21 (1)
- And even worse - E-Stat 12:40:39 10/13/21 (0)
- Investing only benefits those who are middle-class or above. You - tinear 10:33:23 10/13/21 (9)
- Exactly! - E-Stat 10:43:24 10/13/21 (8)
- I hope you're being ironic? Note the increase in poor and the decrease in the middle-class since - tinear 12:43:44 10/13/21 (3)
- Apparently - E-Stat 13:01:48 10/13/21 (2)
- Middle-class FELL since '71 by 10%. Your own stats. Yeah, it's all poor choices, righto! nt - tinear 16:27:09 10/13/21 (1)
- Ever the pessimist! - E-Stat 17:08:12 10/13/21 (0)
- RE:Not quite Exactly! - Steve O 12:41:52 10/13/21 (3)
- It's not my chart - E-Stat 12:55:03 10/13/21 (2)
- Post it: Own it (nt) - Steve O 13:02:10 10/13/21 (1)
- Pew Research "owns" it - E-Stat 13:05:56 10/13/21 (0)
- RE: Investing money - dean_martin 08:14:04 10/13/21 (35)
- RE: Investing money - Inmate51 08:45:04 10/13/21 (0)
- The answer is called an... - E-Stat 08:19:22 10/13/21 (33)
- Willful ignorance or purposeful deception. - Rick W 08:47:40 10/13/21 (32)
- The predictable whiners - E-Stat 08:55:34 10/13/21 (31)
- LOL. I rest my case. nt - Rick W 08:58:06 10/13/21 (30)
- RE: LOL. I rest my case. nt - tweaker456 10:40:00 10/13/21 (0)
- The rich are all hard-working and deserving. The poor? All lazy scum. - tinear 09:43:48 10/13/21 (28)
- RE: The rich are all hard-working and deserving. The poor? All lazy scum. - tweaker456 10:16:26 10/13/21 (15)
- Well, not all of either, but some. - srdavis2000 10:40:35 10/13/21 (14)
- Well, if you were more studious, you'd realize change cannot - tinear 16:22:32 10/13/21 (1)
- RE: Well, if you were more studious, you'd realize change cannot - Krav Maga 17:41:53 10/13/21 (0)
- Hmm, money as an indicator of smarts. Yeah, the My Pillow guy is a genius. nt - Rick W 13:59:53 10/13/21 (5)
- Please Elaborate. What Is Your Point? nt - Inmate51 07:57:57 10/14/21 (2)
- RE: Please Elaborate. What Is Your Point? nt - tweaker456 09:31:32 10/14/21 (1)
- RE: Please Elaborate. What Is Your Point? nt - Inmate51 10:08:31 10/14/21 (0)
- Of course there are exceptions to everything. Nt - srdavis2000 07:49:53 10/14/21 (1)
- :-) nt - Rick W 10:03:58 10/14/21 (0)
- Well, if you were more studious, you'd realize change cannot - tinear 12:48:00 10/13/21 (5)
- RE: Well, if you were more studious, you'd realize change cannot - b.l.zeebub 13:46:39 10/13/21 (0)
- Quoting the Bible? - E-Stat 13:20:38 10/13/21 (3)
- RE: Quoting the Bible? - dean_martin 13:38:26 10/13/21 (2)
- Wifey and I will be happy to answer when the time comes! :) -nt - E-Stat 13:42:10 10/13/21 (1)
- RE: Wifey and I will be happy to answer when the time comes! :) -nt - dean_martin 13:52:26 10/13/21 (0)
- 51% of Americans are NOT poor - E-Stat 09:47:50 10/13/21 (11)
- someone should ironclad the meanings - Story 10:40:46 10/13/21 (1)
- Here you go! - E-Stat 12:14:32 10/13/21 (0)
- It isn't about my singular circumstances: unlike some here, I don't - tinear 10:37:30 10/13/21 (6)
- Context, tinny, context! - E-Stat 10:45:26 10/13/21 (5)
- Your observation is no more fact based than the % who are one bill away from disaster. nt - Rick W 14:59:44 10/13/21 (4)
- It's truly sad - E-Stat 15:54:36 10/13/21 (3)
- I can't argue with that. - Rick W 16:32:19 10/13/21 (2)
- BTW - E-Stat 16:52:45 10/13/21 (1)
- That bugged me so much that I gotta smoke a cigarette to calm down :-) I know, we are idiots! nt - Rick W 18:51:49 10/13/21 (0)
- People who didn't save for retirement would like to believe its someone else's fault. - srdavis2000 10:35:40 10/13/21 (1)
- It's just plain sad -nt - E-Stat 10:44:00 10/13/21 (0)
- RE: So "wealth" has a "limit"--or otherwise "defined" quantity?... - E-Stat 06:17:17 10/13/21 (13)
- Not so sure about that. Lots of Mom and Pop operations are gone. Lots of - tinear 10:38:57 10/13/21 (1)
- Don't know about you, but - E-Stat 13:40:54 10/13/21 (0)
- It's not about skills... - MaxwellP 06:32:27 10/13/21 (10)
- I can agree and disagree... - dark_dave56 07:38:41 10/13/21 (9)
- Yes, anyone can achieve great wealth, but not EVERYONE. //nt - MaxwellP 06:18:35 10/14/21 (0)
- You obviously have lived a sheltered life. And one that hasn't included - tinear 09:53:03 10/13/21 (6)
- RE: You obviously have lived a sheltered life. And one that hasn't included - Inmate51 06:56:10 10/14/21 (0)
- look at all the piggies here - Story 05:35:38 10/14/21 (0)
- Not "sheltered" at all... - dark_dave56 05:27:41 10/14/21 (0)
- Why should we "mitigate"or "forgive"?... - dark_dave56 12:50:40 10/13/21 (2)
- RE: Why should we "mitigate"or "forgive"?... - tweaker456 16:57:54 10/13/21 (0)
- RE: Why should we "mitigate"or "forgive"?... - dean_martin 13:13:49 10/13/21 (0)
- RE: I can agree and disagree... - tweaker456 09:40:49 10/13/21 (0)
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