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If the example is "cut CEO pay, and you might end up with a repeat of the Cambodian genocide", I'd rather have no example at all.

by Cyph0n 3y ago

WalterBright 3y ago
Didn't Bernie Sanders say there shouldn't be any billionaires? How do you propose to do that? Elizabeth Warren wants to confiscate 6% of billionaires' net worth every year. https://elizabethwarren.com/plans/ultra-millionaire-tax https://elizabethwarren.com/plans/ultra-millionaire-tax No country has ever prospered by getting rid of rich people.
- Eisenstein 3y ago
  I think we need to define 'prosper' before making that statement. What does that mean and who are we talking about? Imperial Spain 'prospered' but at the expense of a large portion of the world's population become enslaved, and then the kingdom itself did not endure. Which examples of prosperity exist outside of colonialism? If only a small population prospers at the expense of the rest of the world, is that a win? If not, then if something has never existed then how can you claim that it cannot happen by changing the status quo?
  - WalterBright 3y ago
    > I think we need to define 'prosper' before making that statement. Things go off the rails when devolving into debating the meaning what common and well understood words like prosperity. You and I both know what it means. As for Spain, they didn't prosper much from colonialism. The reason is they stripped the New World of gold and silver, shipping it to Spain. The result was not prosperity, but inflation. > prospers at the expense of That's not how markets work. That's how theft, looting and confiscation work. Ironically, confiscation is what is proposed here.
    - Eisenstein 3y ago
      > You and I both know what it means. > The result was not prosperity Apparently we don't since we don't agree on the example I cited? Look, I am sure you strongly believe you are correct, but by stating things as true and then refusing to actually discuss them on more than a superficial level you are not going to convince anyone of anything but your confidence in your belief. Using simplistic examples and then claiming that everyone else is wrong foundationally when they try and figure out how your claims apply to other examples is frustrating and unproductive. > That's not how markets work. Well, since you are saying in another thread that inflation is as simple as %inflation = $GDPpresent / $GDPlast * 100, then you might forgive me if I take your understanding of markets as a tad naive.

If the example is "cut CEO pay, and you might end up with a repeat of the Cambodian genocide", I'd rather have no example at all.

by Cyph0n 3y ago

If the example is "cut CEO pay, and you might end up with a repeat of the Cambodian genocide", I'd rather have no example at all.

WalterBright 3y ago

Didn't Bernie Sanders say there shouldn't be any billionaires? How do you propose to do that? Elizabeth Warren wants to confiscate 6% of billionaires' net worth every year. https://elizabethwarren.com/plans/ultra-millionaire-tax https://elizabethwarren.com/plans/ultra-millionaire-tax No country has ever prospered by getting rid of rich people.

Eisenstein 3y ago
I think we need to define 'prosper' before making that statement. What does that mean and who are we talking about? Imperial Spain 'prospered' but at the expense of a large portion of the world's population become enslaved, and then the kingdom itself did not endure. Which examples of prosperity exist outside of colonialism? If only a small population prospers at the expense of the rest of the world, is that a win? If not, then if something has never existed then how can you claim that it cannot happen by changing the status quo?
- WalterBright 3y ago
  > I think we need to define 'prosper' before making that statement. Things go off the rails when devolving into debating the meaning what common and well understood words like prosperity. You and I both know what it means. As for Spain, they didn't prosper much from colonialism. The reason is they stripped the New World of gold and silver, shipping it to Spain. The result was not prosperity, but inflation. > prospers at the expense of That's not how markets work. That's how theft, looting and confiscation work. Ironically, confiscation is what is proposed here.
  - Eisenstein 3y ago
    > You and I both know what it means. > The result was not prosperity Apparently we don't since we don't agree on the example I cited? Look, I am sure you strongly believe you are correct, but by stating things as true and then refusing to actually discuss them on more than a superficial level you are not going to convince anyone of anything but your confidence in your belief. Using simplistic examples and then claiming that everyone else is wrong foundationally when they try and figure out how your claims apply to other examples is frustrating and unproductive. > That's not how markets work. Well, since you are saying in another thread that inflation is as simple as %inflation = $GDPpresent / $GDPlast * 100, then you might forgive me if I take your understanding of markets as a tad naive.