The problem with Capitalism!---Billionaires

by pistolpete 33 Replies latest watchtower scandals

  • JeffT
    JeffT

    you have a bunch of people with just under $190k in the bank, barely enough to buy a nice house

    I live a few miles from Amazon's headquarters. $190,000 won't buy you a shack around here. I'm pretty sure it won't even buy an undeveloped lot (undeveloped = no water, no sewer, no electricity). The same thing is happening around San Francisco. A while back the Seattle city council raised the minimum wage to $15 an hour. Many people (myself included) thought it would hurt small businesses, especially restaurants. I recently saw an interview with a restaurant owner, he said it hasn't effected him at all - he has to pay about $18 an hour just to get somebody to show up.

  • shadowclone
    shadowclone

    Let them eat cake

  • shadowclone
    shadowclone

    The extraordinary inequality of wealth is an obscenity.

  • hoser
    hoser

    Who cares. The masses create the wealth for Bezos and Gates by buying their products or services. If you don’t like it don’t buy from them. Obviously they are providing value to people or we would spend our money elsewhere. All of their money eventually ends up back in the economy for someone else to use. These guys won’t live forever and their descendants can have fun squandering the money.

  • pistolpete
    pistolpete
    peacefulpete

    I don't know anyone who would disagree with what I've said so far.

    What I find most frustrating it that if we keep talking past each other, not listening. Fear, distrust and sadly disinformation are dividing us, not actual values in most cases. True, some of us do perceive a need earlier than others because of personal experience or research, in such cases, patient education and insightful appeals to better natures is the only course. Of course, even when we agree a problem exists there are more than one solution to any given issue...more civil discourse and patient exchange of ideas...we can't get tired of this time tested method of improving the human condition.

    Very well said peacefulpete

  • Anony Mous
    Anony Mous

    What I find frustrating is that some people think that us business owners have to be punished for doing a good job.

    So what if I make twice as much as the average person? Is the average person doing worse now than they did 20 years ago? If not, what is the problem? The problem is jealousy, you're jealous that someone else has more, so instead of striving to work hard, you intend to steal it from them. Sure there is inequality, but compare the inequality you have with the inequality in Venezuela or Cuba or China, where some people are eating at banquets every day while others are forced eating the fucking bats that caused the coronavirus. What does Jeff Bezos have that you NEED? Jeff has a cell phone, we have government programs to give people those that can't afford them. Jeff has a house, we have government programs to give people those that can't afford them, Jeff has healthcare, we have government programs... Jeff has transportation, we have government programs... Hey, I see a pattern here. So do you need that Lamborghini? Do you need a diamond-studded iPhone?

    Compare yourself in America to people in Europe. You complain about a healthcare system that has better outcomes across the board, that is cheaper across the board, sure you have to be responsible and pay for your insurance (or you don't if you make less than 150% of the poverty line), but how does that compare to paying 55% income taxes and 21% sales taxes and 200% fuel taxes? Do you want to get taken care of by a system that cuts off people above 65 because rationing, this is what is currently happening in Belgium, Italy, Spain, people above 65 do not get COVID treatment and most other care (cancer, palliative etc) likewise have limits if you're over a certain age across the EU

    Even in the area of safety and environmentalism, the free market has done more to alleviate that than regulation. You can see that easily in nuclear regulation, nuclear is one of the safest and cleanest energy sources bar none, very few heavy metals, some concrete and water is all it needs, yet regulation makes it infeasible. Based on 1970s projections we should be completely carbon neutral today if we had nuclear energy proliferation. But because we're scared of just one accident that a corrupt socialist government caused by doing dangerous weapon testing, we think every reactor is about to explode in a mushroom cloud whereas to date, people and animals live in that area without a major impact. A working coal plant causes a lot more cancer than has an exploded nuclear plant over the last 50 years.

    Having an excess of any sort of chemical, whether it's CO2 or chemicals in a barrel, is waste and waste means you have wasted energy and you have room to improve thus the market will guarantee you eliminate waste over time as your competitors, in order to cut costs, will eliminate waste and thus dirty factories will go out of business. Setting limits by government means that only dirty factories can afford to implement these things and small businesses can't even get off the ground to make those groundbreaking changes that transform the industry. We can see that with Tesla, it took an established billionaire to even break into the car industry due to oversight, taxes, unions etc.

  • shadowclone
    shadowclone

    The problem is that millions do NOT have enough to eat, CANNOT get health care, do NOT have adequate housing while enormous wealth is concentrated on a miniscule part of the population. It is indefensible

  • waton
    waton

    if you distributed the wealth, (that is earned bsw) equally between all inhabitants, what would happen?

    The efficiency of the innovators will again bring the rewards to the same energetic, smart, focused group. hopefully.

    The problem is the unearned wealth syphoned off by the corruption, crimes, the parasites

  • slimboyfat
    slimboyfat

    How bizarre to hear people claiming there’s nothing wrong with multi billionaire Bezos propheteering while his workers struggle to make ends meet in his coronavirus factory warehouses. It’s more like eighteenth century than 21st century. You don’t exactly need to be a communist to know the system isn’t working right and is completely unsustainable. Yet you get some people acting as if it’s fine, the proper functioning of a capitalist system. Wow, that’s ideology!

    Even the super rich are talking now about a universal basic income. Some of the 1% suspect the game is up and are looking for ways to mitigate the worst excesses and inequalities of the system. But will it be too little too late? The French aristocracy tried to bargain with the people too and offer concessions in order to maintain their privilege. But by the time they realised how serious the situation was the people were no longer interested in compromise.

  • redvip2000
    redvip2000
    How bizarre to hear people claiming there’s nothing wrong with multi billionaire Bezos propheteering while his workers struggle to make ends meet in his coronavirus factory warehouses.

    Amazon was rated #2 place to work in 2017. 401k after first day of hire, discounts on purchases, vision and dental, stock options. You are making an assertion that Amazon workers are not making ends meet without evidence. People that work at the local pizzeria also might not be making ends meet.

    Even the super rich are talking now about a universal basic income.

    Sure but that's because the world is moving in a direction where machines might be taking over most jobs in the future, including driving. If driving jobs go away, that alone will create a situation that is not bearable without free money.


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