What do you think of this auction?

Detecto- Is anyone agreeing with you? Your ideas would cripple a country, most people with common sense understand that. You truly should look at the Soviet Union and other communist countries and see what it did to their people. Let me know when you have to stand in line for a loaf of bread in this country.

 

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I agree with you to a point, but:

Money should not drive one's personal success. If it does, then that person is greedy.

With that sense, a professional runner who makes 1 million yearly, made 3rd place, so if we give him 5 million yearly, he will finish 1st?

No one should think "If I have more money, then I can be a better person", I'm not talking better as in financially, but better as how good you can do what ever your doing to make money. If someone thinks that, they are greedy and selfish.

 

Do you drink Detecto?

 

Not sure, but he might cause me to.

 

I think he should. Maybe he'll make sense.

 

Please explain how capping one's salary and amount of wealth leads to communism and the fall of a nation?

 

mmmmm... I heard pizza... " Not everyone gets a slice of the pizza, but a law would be enacted from someone taking 3/4 of the pizza, forcing the others to have much less pizza to go around for those that DO earn it."

Read more: http://www.cointalk.com/t208559-4/#ixzz1z3KfFpIa

 

Money is one of the key things to drive success. Do you think somebody wants to become an accountant because they love filing papers? Does somebody want to work their way to the top because they want the weight of the world on their back with responsibilities? I sure as heck don't think so. I think there is a profit motive involved. Mainly so they can live a comfortable life with the family and not worry about where the next meal is coming from.
How about school? My mom has this thing where she gives money for grades. $10 for an A, $5 for a B, 0 For a C, I owe her $5 for a B, and I owe $10 for an F. Do I want to give her $70? NO. Does she want to give me $70? More than likely not, but she wants me to succeed. Money has been the one driver for success since the invention of trade.

 

It is the foundation of communism. IN communism the nation decides who gets what wealth, excatly like you are advocating. In communism, since there is no incentive to try to get wealthy or "get ahead in life" no one works hard. Read some history sir about what life is like in a communist nation.

Near the end of the Soviet Union, in order to not starve to death, the communists allowed small plots of land to be farmed privately, and the farmer was allowed to keep what he raised. Less than 1% of the land in the Soviet Union produced more than half of all their food. THAT is the power of what you term "greedy and selfish".

 

The reason why I don't make sense to you is because your sense is not the proper sense. In your mind, your sense is right, so you reject my ideas as ignorant and delusional.

I will ask this again, what is your solution? Poof! Your the president, what are YOUR ideas to fix the current mess?

I will give you a simple example to understand what I'm saying.

Take 6 $1 dollar bills. Give 2 to one family member, then 2 to the other, keep two for yourself.

Each family member can now purchase the same, equal amount of goods, right?

Now, take the 6 $1 bills, and keep 4 of them for yourself. Now each family member has less money, so fewer goods for them, and more for you.

That's the problem. You took more money, now there is less for them.

 

I think the problem is that Detecto is grown up and he sounds and awful lot like other grown ups.

 

You take $6 of your own money. Give it to others. You end up with less money because you gave it away.

 

Wow, Caz! Your sense is not the proper sense. You better start doing poorly in school and get a drinking problem. Then you won't have to work for a living and you can rely on others to give you your "fair share".

Mr Ecto's sense is the only proper sense in the world.

He should be president and fix this country's problems by capping everyone's income at 250 thou, making people not earn any more money until they have less than 250 thou in cash and property, quit spending money on everything, but pass it around equally to every man, woman, and child not earning more than a certain amount (that I'm sure he will determine is 'fair' later). That will improve our economy because it will give a equal piece of the pizza to all. He recognizes that stopping spending when there is a deficit, and all, is not only ok, but the right way to go. Because then, the money that is not spent on the economy can go to people who will buy things.

Give the man an honorary degree from Wharton's or Harvard. He deserves a piece of that pizza also!

 

What did they do to you, Kasia???

 

One, how about a boot up the rear of the two freeloaders in the family who aren't earning money? I earned money since I was 9. Getting off your butt and working hard solves lots of "financial problems".

Second, again, money is not limited. Money is a proxy for the value you have brought to society. Want more money? Add value to society and you will earn more money. You don't think you earn enough? Get off you BUTT, work harder, get more education, and stop feeling sorry for yourself and wishing evil on those who have already worked hard for decades in life.

That is the simple example in this scenario.

 

That's not what I meant, as I mentioned earlier.

I'm not talking about giving anyone money. I'm not talking about anyone getting money. I'm talking about people taking money.

I'm not talking about taking 10,000 dollars, and giving it equally to 4 people, no matter how hard they worked.

What I'm talking about is preventing the 1 person out of 4 to take 3/4 of the money, which now leaves the other 3 with less money to buy goods and services.


Money should legally limited, just like alcohol.

My point is this, there is not an infinite amount of money.

Let's just say all the money in the US totaled $1,000. Now if one person kept making more and more money, until they had $200, this would stress the economy for the others, as there is now LESS to go around for them.

 

Take 6 $1 bills. You work a 12 hour day, one family member works a 6 hour day, and one family member sits on the couch and eats ice cream all day. Give them each $2 and they all get to buy the same stuff?

 

No, there is no limit to the amount of money, let's keep printing more and more and more until we make a huge mountain of it.

Remember what happened when someone decided that?



You see, the current, highly ignorant solution, is to keep spending money, spend spend spend, until the economy is fixed. That won't work, and will cause hyper-inflation.

 

Did Steve Jobs not add billions of dollars of value to the US by funding and making Pixar successful? Whose money did he greedily "take"? Whose money? Answer, no ones. He CREATED money by his hard work and creativity. THat is what you are not understanding. A CEO of his firm can add billions of dollars in value by making the correct decisions. Why can't he be paid $5 million a year? A business owner who makes a successful product can make $50 million a year. Whose money did he take? Answer, NO ONES. He CREATED that money by making a product people wished to buy.

Seriously man, please read some economics books. The economy is not a zero sum game like you for some reason believe it is. People make value every day. Since they CREATE the value, (money), why should they not be allowed to keep it?

 

Again, we are talking private companies. If Steve Jobs creates 5 billion in value, and 5 billion more dollars are printed, there is zero inflation. This is because the same amount of money is chasing the same amount of goods.

Your argument has no merit.