Economist Says Most of Billionaire Wealth is Unearned

>Capitalism rewards hard wor-

evonomics.com/they-dont-just-hide-their-money-economist-says-billionaire-wealth/

>working smarter isnt hard

IQlet detected

>The classical example is the farmer who owns particularly fertile land. With the same effort, she can produce more than other farmers working on land of average productivity. The extra income she gets is a rent.
>Farmer
>She
>Not Xhe
He can't even be a libcuck correctly.

So i guess being smart enough to use fertiliser/pick fertile land gives you an unfair advantage over your colleages/competitors

>>Capitalism rewards hard work

Only either delusional wagecucks or people who went rich on daddies' trust fund believe this.

Wealth has nothing to do with the hard working.
Wealth has everything to do with connections, charisma, talent to manipulate the law and everyone around you and being ready to fuck everyone in order to get your ass rich.

Non-sociopathic rich people are a deviation, not the rule.

>Economist Says
>evonomics
Hmmmmmmm

I've got money in da bank and I ain't worked a day in my life.

This.
If some farmer wants to till his fields by hand he'll definitely put more effort into it than the farmer who used automated machinery.
Doesn't mean that was a smart thing to do though.
It's like the Greeks, who have some of the longest working hours in Europe yet they are economically trash tier.

Once you have enough money that you you can earn money from just the interest, then yeah you could say that money is unearned.

But most billionaires work a ridiculous amount of the time to keep on making more money so it's a bit silly to say they're not working to keep earning.

As well, the money they keep in the bank is used to help fuel the economy. It's loaned out to individuals that are trying to make purchases for themselves or their businesses, which helps fuel the economy. So it's not like the money just sits there not doing anything.

If you want to complain that someone inherited their wealth then I'd have to ask why? Is it the idea that someone could provide so much for their children that their children may not have to work? Because that usually seems to be the case. That it's just jealousy that you weren't someone else's kid whose parents accumulated such wealth that you could enjoy a better life.

Touching inheritance will also only fuck over the middle class. Anyone who seats on a real shitload of money will just pay tax lawyers to find a way to circumvent it.

>Touching inheritance will also only fuck over the middle class. Anyone who seats on a real shitload of money will just pay tax lawyers to find a way to circumvent it.

True.

But there is the question of why exactly does someone that's all the rich need to have their inheritance touched? The money was already taxed when it was earned (including what was earned from interest), so it seems unfair to tax it because someone died. Especially since this can include someone who owns a business.

Like someone could own a business worth over a few million dollars, yet personally only take in about $60k a year. If you decided to tax a person inheriting the business based on the value of the business, you could end up forcing the business to close down.

Yeah, I'm generally against touching inheritance.

It takes away large parts of the motivation required to do more than the minimum, it was already taxed once and there is a good chance it will be spread out among more people again after a generation or two anyway.

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/thread

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capitalism would be better if there would be no inheritance, it would promote more competition and everyone would be on a more even ground

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>>Capitalism rewards hard wor-
This has nothing to do with initial thesis fat fuck.

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controlled by who? fuck that. If I work hard all my life i want my childs to have a better life.

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Accurate.

What is the problem with unearned wealth, though?

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Yes, once you die the state should inherit everything you've worked for and redistribute it amongs the poor!
Get fucked you commie pastanigger.

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the government, i am not saying that it is easy to pull off but old money really is a problem, and long term it damages the whole system

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Don't forget the business has already paid tax aswell

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>another thread where Sup Forums shill for billionaires who are mostly Jews and globalists

GTFO. Most billioanaires need to be hanged. Especially bankers.

I bet you'd like FDR you commie.

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Yer he wasn't too bad.

Better than that cock sucker Reagan who helped spread the current neoliberal paradigm which has largely destroyed the West.

I'm not against capitalism. I'm for social-democracy. Capitalism within reason. And I consider myself a nationalist.

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>Be libcuck
>Say women and blacks have special privileges because their ancestors suffered
>Thinks inheritance is unfair

>(((Economist))) says

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(((Schiff)))

Stop posting you autistic spazz

I'll see you in a couple years when the billionaires automate all the jobs and have hoarded all the wealth creating a permanent underclass that is easily manipulated and controlled and which one day will be killed off.

Hopefully you'll one day grow up and not shill for billionaires who are responsible for opening up the borders, destroying culture and creating instability.

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this is obvious, but for burgers freedom means the freedom of corporations to rob them.
people don't understand that anyone this rich lives in another world.
as immigrans and degenerates are annoying, the real problem are these insane rich people.

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I think its sad that anyone thinks working hard Is the secret to success. If course billionaires didn't earn their money, most of it is luck, and capitalism is a cancerous system.that doesnt work

Economist's opinions are unearned.

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>implying this isn't hard work

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>Give someone the power to steal your neighbor's chickens
>Cry when they use that power against you

The story of every statist ever

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>The classical example is the farmer who owns particularly fertile land.
That anyone could buy. Bought with money earned through capitalistic means.

That land is probably more fertile because it has been taken care of, not over-farmed, and treated with fertilizer and other things to return nutrients to the soil.

Are people genuinely this stupid?

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Still way better than everyone being poor, which is the end game of socialism.

Just look at germany. We are going towards a 60% effective tax and in a lot of areas people cant even afford to rent a cuckshed while working full time.

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This is why national socialism is the answer

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Accurate.

(Im a self made millionaire. Sell your soul and its easy. Thats how we all did it)

Commiecucks get out.

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