Re: Courage is the Key

Bob Kolker wrote:

1. Wealth it is the amount of goods and services one can consume

It is the amount of goods and services that can be produced. You can
only consume what is produced.

You were employed and able to buy goods and services of 50k/yr.
Then a robot replaced you and the production grew with 10% but you have 0
income. So, you believe that with 0 income you are wealthier than with 50k
because your former company produce more ?

2. To create wealth you need resources, tools and work
3. If resources and/or tools are not available or are scarce available
due to hoarding less welath can be created

No. One can make tools from raw materials available in nature. Hoarding
may be inconvenient but it is not a show stopper.

This is what I said. I said: LESS not NONE AT ALL.

On the other hand the poor folks are unlikely to funnel their money into
new tools, new technology and new visions. The poor folks are dumb
schmucks who live for the moment. Which is why they are poor.

They would, just give them a chance. Most of the poor are much smarter and
hardworking than the idle rich. But it is the system that reward hypocrisy
over intelligence and hardworking. Once the system is changed with
something that reward competency and work and not hypocrisy, you will see
that all the today hypocrites you admire will be useless idiots on welfare.

God almighty! I do hate the proletarian swine. I do!

Sure, you libertarian. Everybody who is not a patheric greed worshiper is a
proletar. Typical fundamentalism.

9. Stock market it is the slowest form of money on Earth. If you buy a
$10 share from me you didn't invest $10 into that company. You invested
$0.5 the amount I bought the share at IPO 10 years ago. With $9.5 you
bought a hope from me, which I am going to use to buy another hope from
you. The amount of money put into the REAL economy is only $0.5 in 10
years = 0.05/yr. If the same 10 are given to a poor he buys a shirt
putting in economy money with the speed of 10/yr, aka 20 times faster !!!

Puting money "into the economy" is not guarantee of a productive outcome.

No it is not. But is better than hoarding them.

One the other hand trading old stock which has performed its function of
raising capital for a productive enterprise is symbol fiddling and a
form of legalized gambling. Except for new stock issue that actually
raise capital to be used productively I cannot think of a bless use for
the stock market.

Correct. The stock market it is just another form of casino.
This is why I recommend taxing capital gains as much as the lottery.


10. The interest of the people is to live better not to work more for
less money and less job security. As mater of fact, ALWAYS in history
when people has been asked to work more for less the regime failed in
short time and it was replaced. Always !!! The only question is: The
replacement will be a smooth transition by reforms or a harsh violent
transition.

During WW2 the workers sweated and worked and were limited in what they
could get by the rationing system. How do you explain that.

Because the alternative to have Hitler in New York was quite a good
motivator for everybody. Including rich corporate owners who accepted
without a protest the high taxes to pay for the effort.


.

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