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Topic	Socialism is poor people saying "Gimme, gimme gimme!"
Clad 07/10/17 2:04:22 PM #128:	Antifar posted... Clad posted... There isn't a fixed amount of wealth, therefore it's stupid to complain about how much of a current percentage is held by X percentage of the people. It's also stupid to pretend that there's some moral issue with X percent of the population holding Y percent of the current economy's wealth. Even on your terms, it's acknowledged that this level of inequality is bad for growth https://www.theguardian.com/business/2014/feb/26/imf-inequality-economic-growth https://www.weforum.org/agenda/2015/06/why-income-inequality-is-bad-for-growth/ http://www.bbc.com/news/business-32826643 Putting increasing wealth in the hands of people who have more money than they know what to do with at the expense of reliable consumers at the bottom is an economic problem, even if you don't agree that it is a moral one. it's up to the people on the bottom to decide to become producers rather than just consumers. in america, people have the capacity to become wealthy if they choose to take the right steps. there are exceptions, but it's certainly possible and achievable in a reasonable time frame. blaming the wealthy for being good at what they do and for saving and investing is counter productive to having a society and a country that will function <cite>Clad posted [p:882662053] in Socialism ... [t:75550215]...</cite> <quote><cite>Antifar posted...</cite> <quote><cite>Clad posted...</cite> <quote>There isn't a fixed amount of wealth, therefore it's stupid to complain about how much of a current percentage is held by X percentage of the people. It's also stupid to pretend that there's some moral issue with X percent of the population holding Y percent of the current economy's wealth. </quote> Even on your terms, it's acknowledged that this level of inequality is bad for growth https://www.theguardian.com/business/2014/feb/26/imf-inequality-economic-growth https://www.weforum.org/agenda/2015/06/why-income-inequality-is-bad-for-growth/ http://www.bbc.com/news/business-32826643 Putting increasing wealth in the hands of people who have more money than they know what to do with at the expense of reliable consumers at the bottom is an economic problem, even if you don't agree that it is a moral one.</quote> it's up to the people on the bottom to decide to become producers rather than just consumers. in america, people have the capacity to become wealthy if they choose to take the right steps. there are exceptions, but it's certainly possible and achievable in a reasonable time frame. blaming the wealthy for being good at what they do and for saving and investing is counter productive to having a society and a country that will function</quote> ... Copied to Clipboard!
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