Message from @trapexit

Discord ID: 531588302256603138


2019-01-05 18:30:34 UTC  

They spoutet the same "wagegap" shit even then.

2019-01-05 18:30:52 UTC  

And Thomas debunked it! Violently and beautifully

2019-01-05 19:27:47 UTC  

milton?

2019-01-05 19:27:52 UTC  

did he study under him?

2019-01-05 19:27:59 UTC  

i know they were both at chicago

2019-01-05 19:28:05 UTC  

but i thought he had a different mentor

2019-01-05 19:28:24 UTC  

eh, not important

2019-01-05 19:29:06 UTC  

@Stefan Payne Yes, but it's also depressing how long this nonsense has been debunked now. We've been refuting this for 40 years or so.

2019-01-05 19:29:39 UTC  

Yes and our best black dude has given an awesome explanation.

2019-01-05 19:29:49 UTC  

...and Jordan seems to have found that....

2019-01-05 19:29:55 UTC  

and is parroting his statements

2019-01-05 19:30:04 UTC  

thing is: Jordan is more known than Thomas I think.

2019-01-05 19:30:07 UTC  

Eh, it's not hard to refute the wage gap.

2019-01-05 19:30:14 UTC  

I don't think Jordan needed to copy that.

2019-01-05 19:30:25 UTC  

And if he really channels Sowell, I don't mind.

2019-01-05 19:31:09 UTC  

If I can get rich in my retirement years by simply restating Sowell, please don't spoil it for me.

2019-01-06 18:26:01 UTC  

I just got a pocket constitution just to be that annoying prick

2019-01-06 18:26:20 UTC  

I recommend all US citizens get one, just for funzies

2019-01-06 18:28:26 UTC  

sounds like a good idea

2019-01-06 21:39:09 UTC  

@Timcast "Force rich people to reinvest in the economy." .... What exactly do you think wealthy people do with their money otherwise? Stuff it under the couch?

2019-01-06 21:42:07 UTC  

Monetary inflation incentivizes everyone to invest. Desire to increase wealth incentivizes people to invest.

2019-01-06 21:43:53 UTC  

Even if some didn't invest... so what? You could treat their lack of investment as monetary deflation meaning upward pressure on the value of the rest of the monetary supply.

2019-01-06 21:53:12 UTC  

the wealthy tend to just invest in new bussinesses in order to cause small investors to jump onto it after a recognizible name has joined and pressure the company into profitibility untill its breaking point where the big bussiness sells all their investment before it goes under leaving the small investors broke along with the company that just gets bought out by established bussinesses that have age and size in order to maintain their survival against investor pressure . so they dont really stuff it under their couch they just kinda feed off the lower classes by gambling

2019-01-06 22:39:49 UTC  

people that work and save get rich in america all the time.

2019-01-07 00:19:08 UTC  

So big investors are smarter than smaller ones? They can predict market success better? Selling their shares of a company means someone on the other side of that sale thinks it's worth buying.

2019-01-07 00:19:59 UTC  

You might as well blame the buyers for buying the share just as much as the seller trying to sell. It takes two.

2019-01-07 00:21:23 UTC  

And correct... people save and get wealthy regularly... but saving almost 100% of the time is investment. Money almost never sits idle. Even if it did... it'd just put upwards pressure on the value of the remaining money supply.

2019-01-07 00:23:29 UTC  

all ive told you is what happens, its your choice to have a problem with it or not

2019-01-07 00:23:56 UTC  

That's not what happens.

2019-01-07 00:24:29 UTC  

And it implies special knowledge or abilities in the wealthy which isn't explained.

2019-01-07 00:26:07 UTC  

the game is money, those who succeed are those who have the talents to succeed, then with those talents they use their money to compound their assets. talent, knowledge, and money are all power, those with power are those most likely to have power

2019-01-07 00:26:32 UTC  

that doesent really seem unexplained

2019-01-07 00:28:09 UTC  

the system as you describe it doesn't even seem altogether malicious

2019-01-07 00:28:49 UTC  

Saying "the rich are better" isn't really an explanation.

2019-01-07 00:29:10 UTC  

it even acknowledges the multinationals as mortal and vulnerable to failure

2019-01-07 00:29:11 UTC  

im not

2019-01-07 00:29:16 UTC  

im saying the better are rich

2019-01-07 00:29:36 UTC  

and really im only discribing a very select talent

2019-01-07 00:29:40 UTC  

people that are better with money tend to build up a lot of it

2019-01-07 00:31:01 UTC  

The rich is an ever changing demographic

2019-01-07 00:31:31 UTC  

heh