"Money is not finite. That's why we (as in the entire world) have more wealth today than we did 500 years ago."
your the one who doesnt understand economics, yes we have more money and that is because there is a slight inflation rate almost everywhere but the rich gain more money than that inflation rate makes. lets put it this way, a rich person makes 100 dollars, 20 dollars comes from inflation, the other 80 comes from other people, for all intents and purposes money is finite, what your implying is that we print money whenever we need it but that leads to runaway inflation. The rich gain property and bonds and stocks, but from the stocks they gain money and property they use to gain money or sell the property for money so they are getting money as well

Edited 1/24/2016 21:20:47

Anyone can get money from stocks and bonds. Money is infinite its resources that are finite. Read a book. Also the 80 dollars came from other people in what way?

Edited 1/24/2016 21:17:35

https://www.youtube.com/watch?v=vttbhl_kDoo

"As a sociopath I just don't care about wealth inequality. Most people are poor due to their own apathy. If they don't care enough to lift themselves out of poverty why should I?"
the thing is that many of the rich arent there cause they worked hard but because their parents or grandarents worked hard and you think poor people want to be poor? no. they try to gain money but they can't

Look, I'm not enough of an economist to explain it fully, but zero-sum is absolute idiocy. Seriously, read/watch any economist.

So what if people are wealthy because of their ancestors? I never said they wanted to be poor I said if they don't care enough to work hard enough to become wealthy or at least not impoverished why should I. Well they should try harder. Or try something different.

Edited 1/24/2016 21:22:41

and you have to agree that it is not fair that children (or grandchildren(cant remember which one it is )) of the founder of walmart have 140 million dollars between them when they have done nothing their whole life except for inherit their parents money and that the top 1% of people have 40% of the wealth in the USA and the bottom 80% control 7% of the wealth

so what if its unfair? Life isnt a game it isn't fair. Go cry to some politicians about how unfair it is I'm sure some of the communist ones will cry with you all day.

im not saying life isnt fair but i think it would be better to redistribute wealth a little, so that the poor arent dying of starvation and the rich ddont have more money than they could use in 5 lifetimes

wealth redistribution is morally wrong and has a history of failure. If you want to end poverty you must create more wealth. To do so you must use more resources and have more work available.

Edited 1/24/2016 21:32:04

not really look at northern europe, scandinavia netherlands germany, the rich get taxed more, that goes to social welfare, the poor arent as poor and the rich arent as rich

and you cant say those countries are failed countries they have some of the biggest economies in europe

It's tougher to get into the military than a university. Less than 1%of the population is in our military in America.

Psycho tests, Asvab, basic training, actual training, etc. It all takes a long time and demanding.

They are failures. Businesses are fleeing those countries. They're on the verge of collapse just like the US during the 20s.

on the verge of collapse ?!?!?!?! what are you on they have the strongest economys in europe

and do you think businesses produce their stuff in america? no they go to china where they can give a cent a day to each worker

no they go to china where they can give a cent a day to each worker

This is laughably innacurate. MAYBE that's was KINDA true 50 years ago... but the lifestyle in (the cities in) China has changed drasctically.

Likely as not, within 50 years China will be about on par with America lifestyle wise (maybe even better).

firstly i was exagerating and secondly companies do go to where labour is cheaper, and thirdly if the minimum wage rises in china the companies are going to move to other places with lower minimum wages

yes we have more money and that is because there is a slight inflation rate almost everywhere but the rich gain more money than that inflation rate makes. lets put it this way, a rich person makes 100 dollars, 20 dollars comes from inflation, the other 80 comes from other people, for all intents and purposes money is finite, what your implying is that we print money whenever we need it but that leads to runaway inflation. The rich gain property and bonds and stocks, but from the stocks they gain money and property they use to gain money or sell the property for money so they are getting money as well

I think I can rest my case that Chuck Norris knows absolutely nothing about economics. Money is not finite. Literally google search that question. You're wrong. Period. Second I never said we print money whenever we need it. If you're talking about Quantitative Easing that has to do with monetary supply and interest rates, and I think the artificial QE policy is disastrous. And the rich don't gain property, bonds, and stocks...they buy it. You can buy some too Chuck Norris. I would advise against buying oil company stocks though. Go take high school level Macro or Micro and you'll understand better how the US economy works. Inflation is nowhere near 20% so I don't know what you're saying at all.

Yeah I was poor too but I worked hard. Bought a house with a bit of money I had saved and then bought stocks and bonds. Now I no longer have a need to work. Also do you think the poor create their own jobs? Without the wealthy everyone would die because their wouldn't be any work. No one would have any incentive to work in a communist state in which the gov provides jobs so dont say that the gov will provide.

Edited 1/24/2016 22:10:00