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No, I'm tired of moaning about income inequality. If every person in the US had their income doubled we would have even greater income inequality than we do now

No, I'm tired of moaning about income inequality. If every person in the US had their income doubled we would have even greater income inequality than we do now, but everyone would be better off. Everyone benefits from technological advances. The poor can buy better goods for a cheaper price and the rich can maximize their profits.

zanny 13y ago
But this is exactly the problem that perpetuates growing economic inequality. You have 99% of people that are interested in things, and 1% that are interested in profits. We are all playing the capitalist game from birth, and to opt out is to isolate oneself from the market. But very few people acknowledge they are in a gambit with those seeking profits over who gets better value in a transaction, so they end up siphoning their wealth into means of production owners pockets but that money will never come back because the wealthy only need a very limited subset of goods and services, and after that they will invest that revenue to make more money by robbing others of their productive gains.
- marknutter 13y ago
  And when the wealthy make more money does it sit in big Scrooge McDuck style money bins, or is it reinvested into the markets or spent? If you don't want to "siphon wealth into the means of production owners pockets" then get your own means of production. Start a company and spread the stock out to your employees as evenly as you see fit. It is easier now than it ever has been to start and grow a company.
  - zanny 13y ago
    They don't evenly reintroduce their money into the market across the board (a consumer does much better at that) and they are not reintroducing money for the purposes of goods exchange but they are exchanging money now for money future. And they actively try to avoid risk (such as bank bailouts, golden parachutes, guaranteed dividends, etc) so you either make a little or a lot, and rarely lose your shirt. That means inevitably you have more money than you started with, just siphoning more and more off of the populace. Even if you keep cycling the money back in and people get to use it in a theoretically good way, you still concentrate ownership of resources, businesses, and workers as your reinvestments give you ownership of all these things that make you more money to own more things in perpetuity.

zanny 13y ago

But this is exactly the problem that perpetuates growing economic inequality. You have 99% of people that are interested in things, and 1% that are interested in profits. We are all playing the capitalist game from birth, and to opt out is to isolate oneself from the market. But very few people acknowledge they are in a gambit with those seeking profits over who gets better value in a transaction, so they end up siphoning their wealth into means of production owners pockets but that money will never come back because the wealthy only need a very limited subset of goods and services, and after that they will invest that revenue to make more money by robbing others of their productive gains.

marknutter 13y ago
And when the wealthy make more money does it sit in big Scrooge McDuck style money bins, or is it reinvested into the markets or spent? If you don't want to "siphon wealth into the means of production owners pockets" then get your own means of production. Start a company and spread the stock out to your employees as evenly as you see fit. It is easier now than it ever has been to start and grow a company.
- zanny 13y ago
  They don't evenly reintroduce their money into the market across the board (a consumer does much better at that) and they are not reintroducing money for the purposes of goods exchange but they are exchanging money now for money future. And they actively try to avoid risk (such as bank bailouts, golden parachutes, guaranteed dividends, etc) so you either make a little or a lot, and rarely lose your shirt. That means inevitably you have more money than you started with, just siphoning more and more off of the populace. Even if you keep cycling the money back in and people get to use it in a theoretically good way, you still concentrate ownership of resources, businesses, and workers as your reinvestments give you ownership of all these things that make you more money to own more things in perpetuity.