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<p>[QUOTE="Conder101, post: 1476058, member: 66"]A mistake that Detecto is making is he seems to be under the impression that the wealthy are TAKING the money from the poor. In has examples he has people all starting with the same money so they can all buy the same amount of goods and services. But who are the buying them from? Some one in that group must be providing the goods and services the others are buying. So he winds up with most of the money. A situation that Detecto seems to find abhorrent. Now the only thing I can see to correct that under his rules is that either the money has to be redistributed which means we have to take the money away from the guy who accumulated it and give it back to the other two (But detecto said he didn't intend to just give people money) or we have to stop the one guy from providing the goods and services the others want. In that case everyone has money but it is worthless because there are no goods and services to buy.</p><p><br /></p><p>The only group TAKING money from people in out society are the politicians. The same people who are the ones who want to redistribute the wealth and the try and solve problems by spending more and more. And of course in order to do so they have to TAKE even more.</p><p><br /></p><p>If you look at the wealthy as a group they didn't get their money by taking it. They either inherited it, or they created products or services that the public wanted then sold those goods and services and accumulated money. And in the case of those that inherited it if you go back the family tree you will eventually find the person who started that family fortune by providing goods and services to the public. And they don't just accumulate money they roll it back in creating other businesses, providing other goods and services not to mention jobs. As the saying goes it takes money to make money. And that is very true. The more money you have the more opportunities you have.</p><p><br /></p><p>Then there is that cliche about the rich get richer and the poor get poorer. The usually point to the ever increasing income gap between the rich and poor. Of course it keeps getting bigger Say you have two people, one makes 100K per year and the other makes 1M per year. That is a 900K income gap. Both incomes grow by the same percentage 10%. Now one makes 110K and the other make 1.1M. The income gap is now 990K even though both went up by the same percentage. But both going up the same percentage is not likely because remember it takes money to make money so the higher income persons income is more likely to go up faster because he has more opportunities.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1476058, member: 66"]A mistake that Detecto is making is he seems to be under the impression that the wealthy are TAKING the money from the poor. In has examples he has people all starting with the same money so they can all buy the same amount of goods and services. But who are the buying them from? Some one in that group must be providing the goods and services the others are buying. So he winds up with most of the money. A situation that Detecto seems to find abhorrent. Now the only thing I can see to correct that under his rules is that either the money has to be redistributed which means we have to take the money away from the guy who accumulated it and give it back to the other two (But detecto said he didn't intend to just give people money) or we have to stop the one guy from providing the goods and services the others want. In that case everyone has money but it is worthless because there are no goods and services to buy. The only group TAKING money from people in out society are the politicians. The same people who are the ones who want to redistribute the wealth and the try and solve problems by spending more and more. And of course in order to do so they have to TAKE even more. If you look at the wealthy as a group they didn't get their money by taking it. They either inherited it, or they created products or services that the public wanted then sold those goods and services and accumulated money. And in the case of those that inherited it if you go back the family tree you will eventually find the person who started that family fortune by providing goods and services to the public. And they don't just accumulate money they roll it back in creating other businesses, providing other goods and services not to mention jobs. As the saying goes it takes money to make money. And that is very true. The more money you have the more opportunities you have. Then there is that cliche about the rich get richer and the poor get poorer. The usually point to the ever increasing income gap between the rich and poor. Of course it keeps getting bigger Say you have two people, one makes 100K per year and the other makes 1M per year. That is a 900K income gap. Both incomes grow by the same percentage 10%. Now one makes 110K and the other make 1.1M. The income gap is now 990K even though both went up by the same percentage. But both going up the same percentage is not likely because remember it takes money to make money so the higher income persons income is more likely to go up faster because he has more opportunities.[/QUOTE]
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