5 ms·

Laws are the only way to fix this. Leonardo Dicaprio riding a bike to his next vacation does not fix global warming.

by rc_mob 4y ago

Bubble_Pop_22 4y ago
Extreme wealth inequality is much easier to solve than Global Warming. It's a political problem , global warming requires politics + policing + enforcement + technical inventions + technical application. I'll worry about climate change once extreme wealth inequality has been solved. It's pointless to worry about it beforehand given how they are on a completely different scale of complexity. You gotta crawl before you can walk. If you can't even crawl then there is no point worrying about your gait looks like.
- germandiago 4y ago
  Wealth inequality is very difficult to fix based on historic data: when you bury the productive on taxes they will just stop working or run away. I must say I care about ppl being very poor but not about that obsession about being equal. We cannot pretend we are all symmetric. We are not. Only under the law. People must hace chances, not inifinite unconditional support because yes.
  - Bubble_Pop_22 4y ago
    > when you bury the productive on taxes they will just stop working or run away Big fortunes in excess of 1B are not made by working or salary. They are made by winning the IPO lottery. Or winning the stock market lottery or the real estate lottery. Government takes half of the PoweBall which is a relatively minor sum compared to the figures we are talking about when adding up all billionaires worth. It's only fair that the government also take half of all (and I mean all sorts) of lottery jackpots and for previous winnings everything in excess of one billion.
    - germandiago 4y ago
      > Big fortunes in excess of 1B are not made by working or salary. They are made by winning the IPO lottery. Or winning the stock market lottery or the real estate lottery. And those companies add value, otherwise the stocks value will be zero. > It's only fair that the government also take half of all (and I mean all sorts) of lottery jackpots and for previous winnings everything in excess of one billion. No, it is not fair to take money away from people. It is not a matter of poor or rich. In any case you take stolen property or money. Not money they made. That's an entirely different thing. Via regulations or collusion should be also considered stealing to some extent IMHO.
      - Bubble_Pop_22 4y ago
        > And those companies add value, otherwise the stocks value will be zero. Those riches were made by being the captain of a plane which had an incredible luck to have a once in a lifetime 250mph tailwind. And now people who are idiots think the captain is a God, whereas it's just blind luck and once in a lifetime tailwind. If you had any other person piloting the plane it would have been the same. That's unjust enrichement and society has always punished that, and it's exemplified by the PowerBall lotter where the Govt. takes half or even more. If you took all the stock owned by billionaires and transfered them to Pension funds nothing will change. Apple would still make iPhones and Microsoft would still make Windows, Google would still make Android etc.
        germandiago 4y ago
        > Those riches were made by being the captain of a plane which had an incredible luck to have a once in a lifetime 250mph tailwind Oh, so everyone that gets rich is like this? I see. Curious that you generalize like this. There are many kinds of rich people. I can think of at least 3 or 4 of them that for me have been mostly talent. But our opinions might differ. I do not see as a good thing to extract people what they earnt bc other people wanted to pay for their services in the absence of collusion. Because if they use their services they must have value in the first place. > If you had any other person piloting the plane it would have been the same. No way. Many people start with no plane. When they have a plane or two they face the systematic attack of people like you. I am still to see why that happens. Not all rich are good. But not all rich are bad. Same for normal people. > If you took all the stock owned by billionaires and transfered them to Pension funds nothing will change. Apple would still make iPhones and Microsoft would still make Windows, Google would still make Android etc So yes, you are right. You are telling me they are capable of creating value and things people are willing to pay for even if they were stolen and you use this sad argument of "they have too much" as an argument for stealing the earnings of people who create value in some way or another, like it or not. You also say they would get rich again (a proof that what they do is useful to others, they get transfer towards their business bc ppl want to pay!) and what you propose is to keep punishing them bc they created value. Regarding that you can transfer all <to a cause you see fair> and does not make a difference does not mean it is fair to steal the money to who is making it in absence of coercion, violence or collusion, which are the ways to cheat, as an example, when the state raises you taxes 10% or puts a new tax and you can do nothing. By that measure of stealing bc some have too much and others too little a homeless could go get your home on the basis that you have one but the homeless does not, to give just an example of inequality and wealth transfer. It is not about the amount but about what you are proposing.

Laws are the only way to fix this. Leonardo Dicaprio riding a bike to his next vacation does not fix global warming.

by rc_mob 4y ago

Laws are the only way to fix this. Leonardo Dicaprio riding a bike to his next vacation does not fix global warming.

Extreme wealth inequality is much easier to solve than Global Warming. It's a political problem , global warming requires politics + policing + enforcement + technical inventions + technical application. I'll worry about climate change once extreme wealth inequality has been solved. It's pointless to worry about it beforehand given how they are on a completely different scale of complexity. You gotta crawl before you can walk. If you can't even crawl then there is no point worrying about your gait looks like.

germandiago 4y ago
Wealth inequality is very difficult to fix based on historic data: when you bury the productive on taxes they will just stop working or run away. I must say I care about ppl being very poor but not about that obsession about being equal. We cannot pretend we are all symmetric. We are not. Only under the law. People must hace chances, not inifinite unconditional support because yes.
- Bubble_Pop_22 4y ago
  > when you bury the productive on taxes they will just stop working or run away Big fortunes in excess of 1B are not made by working or salary. They are made by winning the IPO lottery. Or winning the stock market lottery or the real estate lottery. Government takes half of the PoweBall which is a relatively minor sum compared to the figures we are talking about when adding up all billionaires worth. It's only fair that the government also take half of all (and I mean all sorts) of lottery jackpots and for previous winnings everything in excess of one billion.
  - germandiago 4y ago
    > Big fortunes in excess of 1B are not made by working or salary. They are made by winning the IPO lottery. Or winning the stock market lottery or the real estate lottery. And those companies add value, otherwise the stocks value will be zero. > It's only fair that the government also take half of all (and I mean all sorts) of lottery jackpots and for previous winnings everything in excess of one billion. No, it is not fair to take money away from people. It is not a matter of poor or rich. In any case you take stolen property or money. Not money they made. That's an entirely different thing. Via regulations or collusion should be also considered stealing to some extent IMHO.
    - Bubble_Pop_22 4y ago
      > And those companies add value, otherwise the stocks value will be zero. Those riches were made by being the captain of a plane which had an incredible luck to have a once in a lifetime 250mph tailwind. And now people who are idiots think the captain is a God, whereas it's just blind luck and once in a lifetime tailwind. If you had any other person piloting the plane it would have been the same. That's unjust enrichement and society has always punished that, and it's exemplified by the PowerBall lotter where the Govt. takes half or even more. If you took all the stock owned by billionaires and transfered them to Pension funds nothing will change. Apple would still make iPhones and Microsoft would still make Windows, Google would still make Android etc.
      - germandiago 4y ago
        > Those riches were made by being the captain of a plane which had an incredible luck to have a once in a lifetime 250mph tailwind Oh, so everyone that gets rich is like this? I see. Curious that you generalize like this. There are many kinds of rich people. I can think of at least 3 or 4 of them that for me have been mostly talent. But our opinions might differ. I do not see as a good thing to extract people what they earnt bc other people wanted to pay for their services in the absence of collusion. Because if they use their services they must have value in the first place. > If you had any other person piloting the plane it would have been the same. No way. Many people start with no plane. When they have a plane or two they face the systematic attack of people like you. I am still to see why that happens. Not all rich are good. But not all rich are bad. Same for normal people. > If you took all the stock owned by billionaires and transfered them to Pension funds nothing will change. Apple would still make iPhones and Microsoft would still make Windows, Google would still make Android etc So yes, you are right. You are telling me they are capable of creating value and things people are willing to pay for even if they were stolen and you use this sad argument of "they have too much" as an argument for stealing the earnings of people who create value in some way or another, like it or not. You also say they would get rich again (a proof that what they do is useful to others, they get transfer towards their business bc ppl want to pay!) and what you propose is to keep punishing them bc they created value. Regarding that you can transfer all <to a cause you see fair> and does not make a difference does not mean it is fair to steal the money to who is making it in absence of coercion, violence or collusion, which are the ways to cheat, as an example, when the state raises you taxes 10% or puts a new tax and you can do nothing. By that measure of stealing bc some have too much and others too little a homeless could go get your home on the basis that you have one but the homeless does not, to give just an example of inequality and wealth transfer. It is not about the amount but about what you are proposing.