Trickle-down economics? - Page 5 - PeachParts Mercedes-Benz Forum

Skid Row Joe · #61 12-12-2010, 10:31 PM

Quote:

Originally Posted by Billybob

Many people just can't stand that people who are smarter, more talented, and more capable than they are able to accumulate wealth that they never have been, can't now, and never will be able to accumulate.

The hatred is driven by envy, the reality is that even if all wealth where distributed evenly within a short time gross disparities of wealth would re-appear. All people are alleged to be created equal but not all can equally seize opportunity and advantage in their own interest.

So true.

Some can't help it that they may be smarter, more talented, and more capable than perhaps 80% of their generation. Everybody needs to do something productive with their time.

My Momma always said life isn't fair.....I agree with Momma.....110%.

Skid Row Joe · #62 12-12-2010, 10:43 PM

Quote:

Originally Posted by HuskyMan

This thinking is similar to Soviet Russia. Punish the Rich, reward the poor. The only problem is the poor are stupid; witness the many lottery winners who are dead stone broke within five years of winning the lottery. The Rich create jobs for the poor. Without the Rich, this country would die off very quickly. The poor buy into the 'Soak the Rich' rhetoric and are determined to kill the goose that lays the golden egg.

Good stuff.

Most of the poor are so because they do stupid things to keep themselves poor. There really aren't as many poor people as there are stupid behaving people. If stupid behaving people would start doing things that wealthy people did, they would no longer be poor or stupid.

Stupid is a state of mind and behavior, just as wealthy is. The only difference is the size of the pocketbook. Wealthy people tend do things that make them wealthier, just as stupid behaving people do things that make them poorer.

About lottery tickets? The sales of lottery tickets are predominantly made in zip codes that low earning people live in. Whether they're stupid is debatable. What isn't debatable is that in those zip codes, 12% of their income is spent on lottery tickets. Everybody has to invest in something...

raymr · #63 12-12-2010, 11:18 PM

Quote:

Originally Posted by Billybob

Many people just can't stand that people who are smarter, more talented, and more capable than they are able to accumulate wealth that they never have been, can't now, and never will be able to accumulate.

The hatred is driven by envy, the reality is that even if all wealth where distributed evenly within a short time gross disparities of wealth would re-appear. All people are alleged to be created equal but not all can equally seize opportunity and advantage in their own interest.

Those smart and talented people also gained the most from the Bush tax cuts when times were good. It stands to reason that they could and should give some of it back when the economy is in trouble.

75Sv1 · #64 12-13-2010, 11:28 AM

Quote:

Originally Posted by raymr

Those smart and talented people also gained the most from the Bush tax cuts when times were good. It stands to reason that they could and should give some of it back when the economy is in trouble.

Warren Buffet said he needs to be taxed more.
Tom

732002 · #65 12-13-2010, 11:35 AM

[QUOTE=Skid Row Joe;2607958]Good stuff.
Most of the poor are so because they do stupid things to keep themselves poor.

I have to agree: many of the working poor are fools.
How else could so many of them believe the trickle down lie?

MTI · #66 12-13-2010, 11:47 AM

Equating wealth with intelligence, talent, capability, or other virtuous attributes, is a huge mistake in judging human character.

elchivito · #67 12-13-2010, 12:08 PM

Quote:

Originally Posted by MTI

Equating wealth with intelligence, talent, capability, or other virtuous attributes, is a huge mistake in judging human character.

Well said. It presupposes that the best and highest goal and reward for "intelligence" is material gain. I wonder if Bernie Madoff's son would have agreed with that philosophy, right before he broke his own neck with his pampered pooch's leash.