Except for heavily taxing the rich, how can the flow of wealth come back down to the middle and lower class?

Except for heavily taxing the rich, how can the flow of wealth come back down to the middle and lower class?

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en.wikipedia.org/wiki/List_of_highest-income_counties_in_the_United_States
gonetworth.com/jodie-foster-net-worth/
inflationdata.com/Inflation/Inflation/DecadeInflation.asp
youtube.com/watch?v=iFDe5kUUyT0
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>wealth is a zero sum game

The hoarding of wealth does not cause poverty though. Capitalism in general has lifted billions out of poverty. However there is a limit to how much good capitalism can do, and in the west we are quickly approaching it. Odds are the the world will be (anarcho) communist in about 100 or so years.

will jodie foster gibs me dat?

This.

>I am poor because other people are rich

>I make less money because other people make more money

The FRAUD of the fucking CENTURY

not an argument

but there has been a massive distribution of wealth to the top in the past few decades

Here's where Ms. Foster lives, BTW. And located in Beverly Hills, no less.

"Equality for thee but not for me."

I guess I get to attack her in self-defense now.

Thanks to the government system which will always do this so long as they are given the power to

Absolute power corrupts absolutely

You have no one to thank but yourselves

Rich people are scapegoats. Like I said.... Just because one man is rich does not make another poor. To say otherwise is to have zero grasp on economics or its basic functioning

And wealth redistribution in any direction is wrong -- how can you argue otherwise?

Jodie Foster is one of the few politically good actresses and she's right if she's talking about cartels and crony capitalism, where public and private sectors are mixed and the government aggressively prevents competition. The terms used are vague. Most people think "rich" means "richer than me." If she's talking about Soros, Gates, Adelson and so on then yeah they actively work to destroy the middle class and social mobility.

Jobs.
Education.
Not being gibmedats
Its really not hard.

>hoarding wealth
When the fuck will this stupid meme die? The rich don't have big vaults full of cash that they swim in. They become/stay rich by investing (ie. lending to other people) that money.

>actress
that is clearly a man

His argument is that wealth isn't a zero sum game. Sarcasm is when you insist on one thing but intend people to see right through it. In the way he bluntly reduced the argument to it's core, he showed it for what it was. Pretty difficult thing to understand but we are all learning!

...

how does the govt allow the rich to get richer?

i mean, theres plenty of investment, but if you think theres no hoarding as well, youre retarded

Start getting control over the banks. Somehow the world is in debt more than it can produce, which makes zero sense once you think about it.

Basically, governments would have more money if they weren't spending it on interest on loans, to the banks, whom created that money from nothing.

No, there hasn't.

The x% still own the same percentages of companies, etc. as before. It's just that the stock market is massively inflated. So if the DOW goes from 9000 to 18000, those people who own the same shares of stock as before are now twice as rich, on paper.

The reality is, they own nothing more than they did before. Just some percentage of ownership of corporations. The fact that the stock is (over)valued doesn't mean shit, because to 'spend' that wealth, you have to sell the stock, and the stock will only have that value so long as people are willing to pay that amount for it. If the rich try to liquidate and monitize their assets, the economy would collapse and those shares would be worthless.

You realize money holds no physical value anymore right? It lost all meaning when we started keeping track of it all digitally.

Becsuse since the 70's/ 80's middle class jobs have been outsourced overseas, women entered the workforce in droves devaluing the price of labor due to the influx of supply, and an insufferable tax code that makes business in the US a nightmare compared to other countries. Also the devaluing of the dollar from inflation via minimum wage hikes and printing money we don't have in practice

if its not then it doesn't matter if the minimum wage is 15 an hour

Wealth is not a zero-sum game. Destroying wealth does not cause it to trickle down. Where the fuck were you when they taught economics and basic common sense?

its a zero sum game when you redistribute wealth

just take their money who cares its only like 100 people.

selective enforcement of increasing regulations. Also, the govt are rich themselves. half of the ten richest counties are in and around DC
en.wikipedia.org/wiki/List_of_highest-income_counties_in_the_United_States

if you generate $30 an hour of revenue, sure, you should get $15 an hour. if you generate $6 an hour of revenue, why would we want to make society and civilization poorer?

>Jodie Foster net worth: $100M USD

Actually not a bad idea. Just arrest and execute the 100 richest people in the world and take their wealth. The world would probably end up a better place overall, and it would send a strong warning to others.

free market

britain inadvertently brought more people out of poverty than all world aid combined in the last hundred years through its actions in hong kong

Money that is hoarded is money that continually loses value thanks to inflation. When you are rich, you do not stay that way by keeping millions sitting idle in your basement (unless you're a drug lord). Nobody actually "hoards" money, unless you consider buying luxury goods like yachts to be hoarding.

Her movie was really bad though.

The rich could realize the pointlessness of wealth and donate/spend their billions like Bill Gates instead of handing it off to their spoiled trust fund kids like Trump.

>oh yeah I went there

I don't hate the rich, just the globalist scum that sold my country out to foreigners.

gonetworth.com/jodie-foster-net-worth/
>Jodie Foster net worth: $100M USD

I want to hang these people so bad

This. Even putting money in a bank is investing because the bank turns around and lends most of it. Actual hoarding of money by rich people doesn't really exist.

>Money that is hoarded is money that continually loses value thanks to inflation.
This is so fucking negligable I'm surprised you're attempting to use it as an argument...

Poor people spend every free dime on dumb shit. Drugs, status symbols, etc.

If I get a sudden windfall of cash, I put 90% of it towards accumulating more wealth. I buy productive assets. I make nearly 6 figures (LOL CANADIAN DOLLARS THO) and I still bring lunches to work so I can save 5 bucks a day to put into my investments.

Poor people are stupid faggots and you're ruining everything by robbing us by trying to help them just to prove the "hurr durr everyone is equal" meme. Let them fucking starve if they're so determined to, jesus.

It's pretty significant and illogical to just let it sit under your mattress. What possible benefit is there?

Money is a 0 sum game dumbass there is limited currency

There is limited currency idiot

>You may think that 7% inflation in the 1970's is terrible but 2% or 3% per year since 1990 isn't so bad right? Well, the total cumulative inflation for the almost 22 years from January 1990 through December 2014 is 86.2%. In other words, something that cost $100 in January of 1990 would cost $186.20 in December of 2014 in other words prices almost doubled (i.e. purchasing power fell almost by half) and that is what happens at "low" inflation rates.
inflationdata.com/Inflation/Inflation/DecadeInflation.asp

>It's pretty significant and illogical to just let it sit under your mattress. What possible benefit is there?
There is none. But that doesn't mean it isn't happening. It's not in the mattress, but in the bank typically so there's some interest. Or it's put into real-estate. The richest people have more money than they even know what to do with so it's not getting spent or invested in anything. What benefit is there to invest when you have all the money you could ever want? There's only unnecessary risks. Spending significant money on investments at that point only becomes a point of personal interest or pride or charity.

>saving money makes people poor
>millionaire actress

She's being sarcastic

>There is none. But that doesn't mean it isn't happening. It's not in the mattress, but in the bank typically so there's some interest

If it's in the bank then it is being put back into the economy since the bank lends out money

>Or it's put into real-estate
then its going to other people who either build or sell the home to them

>The richest people have more money than they even know what to do with so it's not getting spent or invested in anything
by your own statements it is

>Rich liberal woman makes supremely ignorant & stupid statement

uh huh
Let me guess, she supports hillary?

THERE MUST BE LOSERS in this system.

Hidden Secrets of Money 4
youtube.com/watch?v=iFDe5kUUyT0

bringing back living wage industrial jobs might help. obammy's stupid trans pacific dealie is a stupid idea. raising tarrifs on import will probably harm consumers and not do much to increase labor at home, so lets skip that idea. but offshoring jobs in the first place is a bad idea. i think we at the point where globablism has clearly made some people extremely wealthy and has kind of fucked the middle sector. great, things are cheaper because they are made in asia but at what price does that come for the middle income bracket?

>What is Quantitative Easing

$100.00 in 1990 got you an NES with 8 bits of processing power. $50.00 in 2016 gets you a fucking smartphone that would only be a Star Trek prop in '90. Your point is asinine.

>raising tarrifs on import will probably harm consumers and not do much to increase labor at home, so lets skip that idea.

bring back tariffs but get rid of income tax

What incentive does that give to business owners to not fire your ass because they're struggling as is?

Now instead of you and Jamal getting 7.25 each Jamal takes over your work and gets double his pay for less effective service and less revenue.

By working hard and being a valuable asset in an open market society. :-3

breeding creates poverty becaues resources are not infinite and logistics are limited by time

you guys love trump and he wants to make america great again

guess what? in the past executive pay was a lot closer to worker pay than it is now

therefore you support taking wealth from the top percent and giving it back to the worker

>I can barely pay my bills or buy groceries but at least I have a chinese slave labor phone
ok

Is there anything worse than self righteous Hollywood leftists lecturing the common man on the need for wealth redistribution? What a fucking joke.

Do you really think what you said makes any sense? What is your IQ ?

...

>If it's in the bank then it is being put back into the economy since the bank lends out money
Except not really. The bank has in principle infinite money. Which means it's pretty much going to lend X amounts regardless of how much it has stored. I.e. according to demand and wealth creation in the general society.

>then its going to other people who either build or sell the home to them
That's the best case scenario, doesn't mean enough is going back into the system. Nobody can actually buy these houses as they're too expensive and not enough money is flowing to potential house buyers. There's way more houses than homeless peopel in the US but nobody is buying. But they say it's a bubble that has to burst.

What's more is China is hoarding shittons of US dollar reserves. Combined with the US massive trade deficit it's growing rapidly.

So wait, she is against placing large amounts of money in savings accounts?

If your money is invested, and not in some stagnant account, it's part of the economy.

Something that thakes money out of the system and gives it to banks

>ITT: Poor people defending their masters' hold over them via specious ideas of "free" market ideology that even Smith laughed at

>the rich create poverty

poverty is the natural state of human beings, we shouldn't be surprised and ask ourselves "why and how there's poverty?", there have always been poverty much before capitalism, we should ask ourselves "HOW THE FUCK are there so many non-poor people?", "how the fuck there's so much wealth in this world that this actress lives well-off of acting instead of having to harvest food to survive?"

And the definitions of poverty change over time, today poor people have television, food to the point of going obese, electricity and so forth. None of these would be possible without innovations by people looking to make profit.

The fact that Americans dollars are worth 2-3 times less than it was when Boomers ruled the roost is asinine?

How much is milk? How much are apples and bananas?

Probably wouldn't know since you pay $6 for each pack of Bagel Bites you shamelessly walk out of the store with.

Requires ivy league whixh only the rich

Inflation is a non-factor. The only problem with today's economy is that too much money is being held back from paying wages and is not being capitalized effectively. It grows, it accumulates interest and dividends, but it's not going to work putting people to work, and it's not being paid out. Inflation is a red herring.

Investing is bad for the economy. Makes the rich richer and takes money out of the system

Bananas are 59 cents a fucking pound. How much cheaper do you want them?

People like to think we've come above nature but have absolutely no idea this is our version of nature, only instead of people starving to death and dying they sit in front of Wal-Mart with a cup of change in their hands.

Inflation is a factor if you stuff your money in a mattress which is the point I was making

there's only 3 options

higher minimum wage/maximum wage
basic income
no minimum wage with mandatory unionization

Investing provides jobs, market growth, and increased wages...

Are you some dumb Canadian who's economy and national security are 100% a result of the kindness of my great nation?

Please learn to economy.

Sorry, I don't eat bananas because I'm not a homosexual gay faggot.

>Except not really. The bank has in principle infinite money. Which means it's pretty much going to lend X amounts regardless of how much it has stored. I.e. according to demand and wealth creation in the general society.

you mean fractional reserve banking? it's not infinite and depending on the country it depends on how much they can lend out. still the bank is using that money to stimulate the economy through loans. It's not like the banks are keeping the money in the vault and doing nothing with it... the whole point of fractional reserve banking is that they lend out more than they have.

>That's the best case scenario
what other scenario is there? how are they putting the money in real estate if sellers or builders aren't getting anything?

>Nobody can actually buy these houses as they're too expensive and not enough money is flowing to potential house buyers

so the people building the house get the money, and the rich guy either lives in that house or does something productive with it (finding people to rent it out to or sell to)

>pic

It's like you can see her personality. 10/10 would talk to at party

> Waaaah, give me your money
> The reason I suck in life is because your rich and make good investments waaah!

Fuck these people

taxation doesn't bring money from the rich to the middle or lower income levels you fucking moron. it sends it to the government, where the rich who pretend not to be send it back to the rich in a million different programs.

You can't be this stupid.

So when is Jodie Foster going to give up her millions? She's speaking as if she's not rich herself.

>hoarding wealth is the cause of poverty

>Doesn't eat bananas because not faggot

>Instead Shoves them up ass

Fucking leafs.

Learn economics. Investing makes the rich richer. You are so dumb

Why the fuck would you you be eating bananas?
Are you some kind of faggot?

>wahhhh i dont want to pay taxes wahhh socialism scares me wahhh

You are so fucking stupid

Give them the choice to work or starve. Guarantee you the number of people in poverty will shrink.

I buy them to stuff in your mom's twat. If it comes back with a bite taken out, she's knocked up again

Its not a choice to work because there is no jobs

>you mean fractional reserve banking? it's not infinite and depending on the country it depends on how much they can lend out. still the bank is using that money to stimulate the economy through loans. It's not like the banks are keeping the money in the vault and doing nothing with it... the whole point of fractional reserve banking is that they lend out more than they have.
Yeah but it means that the demand for loans is the only limiting factor for how much banks will lend out. The money stored by the bank isn't really impacting how much is getting lent out to a significant degree.

>what other scenario is there? how are they putting the money in real estate if sellers or builders aren't getting anything?
Builders get something, but there it stops. They put that in the bank or whatever and the money never reaches the bottom of the society (middle and lower class). Banks aren't gonna lend to those poor fuckers because it's a raw deal and they're paid the least if their jobs aren't shipped off to china.

If the jobs are shipped to China, the dollars for the products are going off-shore or back to the top where they, again, never reach the bottom which is the problem we're having.

investment has risks. obviously if someone is rich they got there by making profitable investments, but you forget about all the other people who made bad investments and were relegated to middle class, as if they don't exist.

what about both

>I'm unsuccessful because the government doesn't take enough of the rich's money and give it to me for free

> Waaah I like having my money stolen from me and put toward butt fuck programs that no one uses, and the ones we do use are inefficient waaah
> Waaaah, why don't you like paying for others with money that you earned, waaaahhh
> Waaaah, I like getting a cock up my ass

Go fucking burn down a forest, you leaf.

Got a problem with pronouns, Shitlord?

You don't lose money investing by putting it in bad investments. You lose it when your broker steals it to snort off a hooker's ass.

>Hoarding of wealth
The rich are different from you and me...for one thing they don't 'hoard wealth.' The rich understand that money that isn't MOVING - that isn't being either spent or invested somewhere -- isn't really money.
This is why hedge fund managers make so much god damned money -- other rich people pay these guys to make sure that their money is invested somewhere that will give them a better than average return.
The problem we're facing now isn't that wealth is being hoarded, but that it's being invested poorly, and the normal market mechanisms that should fix this mis-allocations aren't being allowed to take their course.
I.e., when the housing bubble collapsed in '08, rather than let those bad investments play themselves out, and let the market sort out what all those toxic assets were really worth, and who owed whom and who ultimately owned what, the gov't swooped in to prop up the system with bailouts, QE, etc. All these gov't policies staved off short term pain, but didn't address the root of the problem, which is that the financial sector is being dis-incentivized by gov't policy, here and abroad, to make sound investments. It makes more sense to just keep "investing" money in the Wall St casino, rather than take real risks investing in the real economy, if you know that Uncle Sam and the Fed will bail you out if you fail.

My mother's a Jew, and my father's a Korean. I'd much rather be all one or the other.

Rich person telling poor about the rich?

Fuck her.

BTW: I don't want to steal others money.(ie I'm not a Jew)

Fun Fact: The lower class doesn't benefit from higher taxes on the rich or from social programs.