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#1
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![]() "Judah" wrote in message ... How, exactly, do the rich get richer without taking other people's assets? By creating wealth. |
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"Steven P. McNicoll" wrote in
link.net: "Judah" wrote in message ... How, exactly, do the rich get richer without taking other people's assets? By creating wealth. Ex Nihilo? |
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Judah wrote:
"Steven P. McNicoll" wrote in link.net: How, exactly, do the rich get richer without taking other people's assets? By creating wealth. Ex Nihilo? Perhaps you mean 'Creatio Ex Nihilo', create something out of nothing. If so, you claim that the value of labor = zero. Marx would not approve. |
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1) I don't seek approval from Marx. Heck! I don't even know the guy!
2) I made no claim whatsoever. My question was, how does one create wealth out of nothing? Labor is not nothing, but I would contend that it also does not create wealth. If it did, the manual laborers would be the wealthy ones. Most significant assets in the US exist in the form of Real Property and/or Market Holdings. Since these are relatively fixed assets, the only way to create wealth in either of these two endeavors is to redistribute these assets in such a way as you are left with the most money at the end. Doug Carter wrote in : Judah wrote: "Steven P. McNicoll" wrote in link.net: How, exactly, do the rich get richer without taking other people's assets? By creating wealth. Ex Nihilo? Perhaps you mean 'Creatio Ex Nihilo', create something out of nothing. If so, you claim that the value of labor = zero. Marx would not approve. |
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Doug Carter wrote:
Judah wrote: "Steven P. McNicoll" wrote in link.net: How, exactly, do the rich get richer without taking other people's assets? By creating wealth. Ex Nihilo? Perhaps you mean 'Creatio Ex Nihilo', create something out of nothing. If so, you claim that the value of labor = zero. Marx would not approve. What did Groucho know about economics anyway? :-) Matt |
#6
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Judah wrote:
How, exactly, do the rich get richer without taking other people's assets? By making the entire pie larger. Matt |
#7
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![]() "Judah" wrote in message ... How, exactly, do the rich get richer without taking other people's assets? Here we have the crux of what passes for liberalism these days. Idiot. The assumption is that if you possess something, it must have been stolen from somebody else. It is astounding that liberals, who claim to be intellectuals, cannot see the blatant fallacy behind this argument. |
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Actually, CJ, you should go back and follow the thread a little more
closely, and maybe read it without your blinders on. The conservative view presented was that liberals want to take other people's assets and redistribute them. I responded that conservatives want to take other people's assets and keep them for themselves. The response was that conservatives don't want other people's assets, and I disagree with that completely. You read my statement as a bitter one of resentment. Actually, I it was a simple plain fact of the Free Market economy. I made no mention of stealing. The Free Market in the US requires that people redistribute assets in order to get rich. Most people don't get rich based solely on their hourly rate. They get rich by buying low and selling high - real estate, stocks, antiques on a road show, or whatever. In the free market economy, someone wins, and someone loses. "C J Campbell" wrote in : "Judah" wrote in message ... How, exactly, do the rich get richer without taking other people's assets? Here we have the crux of what passes for liberalism these days. Idiot. The assumption is that if you possess something, it must have been stolen from somebody else. It is astounding that liberals, who claim to be intellectuals, cannot see the blatant fallacy behind this argument. |
#9
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Judah wrote:
I made no mention of stealing. The Free Market in the US requires that people redistribute assets in order to get rich. Most people don't get rich based solely on their hourly rate. They get rich by buying low and selling high - real estate, stocks, antiques on a road show, or whatever. In the free market economy, someone wins, and someone loses. You seem to be mired in the assumption that there is some magical collection of assets that can only be redistributed. This is patently false; it ignores the reality that new and valuable assets are driven principaly by invovation. Take a recent very simple example: the asset value of the computer industry world wide today is hundreds of billions of dollars. These assets simply *did not exist* before the invention of the computer, neither did the millions of jobs in this sector. Market speculation is one way to get rich, however even here you may get confused. The speculators are the ones who get rich or poor, not the companies that the stocks represent. |
#10
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![]() "Judah" wrote in message ... Actually, CJ, you should go back and follow the thread a little more closely, and maybe read it without your blinders on. The conservative view presented was that liberals want to take other people's assets and redistribute them. I responded that conservatives want to take other people's assets and keep them for themselves. The response was that conservatives don't want other people's assets, and I disagree with that completely. Your disagreement does not make it a false statement. |
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