Message from @Wulfolme
Discord ID: 531630083627155459
Eh, it's not hard to refute the wage gap.
I don't think Jordan needed to copy that.
And if he really channels Sowell, I don't mind.
If I can get rich in my retirement years by simply restating Sowell, please don't spoil it for me.
I just got a pocket constitution just to be that annoying prick
I recommend all US citizens get one, just for funzies
sounds like a good idea
@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?
Monetary inflation incentivizes everyone to invest. Desire to increase wealth incentivizes people to invest.
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.
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
people that work and save get rich in america all the time.
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.
You might as well blame the buyers for buying the share just as much as the seller trying to sell. It takes two.
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.
all ive told you is what happens, its your choice to have a problem with it or not
That's not what happens.
And it implies special knowledge or abilities in the wealthy which isn't explained.
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
that doesent really seem unexplained
Saying "the rich are better" isn't really an explanation.
it even acknowledges the multinationals as mortal and vulnerable to failure
im not
im saying the better are rich
and really im only discribing a very select talent
people that are better with money tend to build up a lot of it
The rich is an ever changing demographic
heh
anyone who works in investment, not just someone who manages to put money on the right horse at the right time and live off a big gamble for the rest of their lives, i mean people who make their way to the top through spending real time investing, those people have something that gives them an edge beyond luck. it doesent matter where their talent and skill comes from, but it gives them the ability to survive within that system where no one without that talent and skill can. at this point very common trends have formed within it where the situation i discribed is a very very common occurence at the stock market
movies have been writen about this
they are fictional movies, not fantasy movies
the thing is that we're looking at it wrong: those who invest and continue to invest become richer. it's not necessarily that they're "better at the game" or not, it's that they're choosing to continue to play. investment is a form of saving, and once you get away from 0 enough to begin investing, you will begin to profit. I'm not saying it's instant or that it never fails, but if you take part in investment, you'll profit more the longer you take part. The "rich" demographic isn't a set group of people, it's constantly in flux as to who's where on the ladder.
@Timcast please stop saying people will meme cortez to the presidency trump can meme cortez can not
trump is a billionaire
cortez posts tits on insta like the whore she is
thats more or less the attitude that the left had in 2016
HC is a well spoken polite career politican who appeals to the masses and represents the future
Trump is a sputtering blathering fool who cant even run a business
yeah all of his dick pics were great
when he said stuff like we can build the wall with typos on bills it was great