Wealthy people do not create a strong economy. A strong economy creates the wealthy.

[LJ_Reloaded]

http://cdn.front.moveon.org/wp-content/uploads/2012/01/memberof1_full.jpg

 

[eyer]

Even with as much chicken as you naturally have within you...

...you never quite seem to make it to the egg stage.

 

[4est_4est_Gump]

Capital creates wealth.

All dictatorships are full of wealthy people at the top.

Capital is created by the wealthy, the middle-class, and the working poor who invest to get ahead.



Have you even read "Wealth of a Nation?"

Even "Das Kapital" gets it right.

 

[4est_4est_Gump]

Even your picture gets it right and you're just to blinded by hate to understand its underlying principle...




lol

 

[JAMESBJOHNSON]

Somebody tell LT to go sit on a desert island (or the Moon) and wait for wealth to come to him.

 

[4est_4est_Gump]

Somebody tell LT to go sit on a desert island (or the Moon) and wait for wealth to come to him.

Let him eat gold...


Bath in it...


Swim...

 

[JAMESBJOHNSON]

Let him eat gold...


Bath in it...


Swim...

Maybe wealth is created by meteors from Owebamazon.

 

[4est_4est_Gump]

Maybe wealth is created by meteors from Owebamazon.

Nobody would argue that the Feudal system was a strong economic model (well, okay, maybe the Obamanomic team) yet it was replete with rich* Lords...








* LT, rich means wealthy...

 

[LJ_Reloaded]

Without workers and customers, there are no rich people.

 

[JAMESBJOHNSON]

Dear Reader

LT never heard of self sufficiency or cooperation.

Before there was a dole there was sweat and toil.

 

[Liar]

Have you had a strong economy these last four years?

And still, the wealthy are making like bandits.

A stong economy or a strange economy, those who are good at making money will find a way.

 

[LJ_Reloaded]

Have you had a strong economy these last four years?

And still, the wealthy are making like bandits.

A stong economy or a strange economy, those who are good at making money will find a way.

That doesn't show the wealthy creating a strong economy. It shows they're sucking the economy dry.

 

[RobDownSouth]

Dear Reader

LT never heard of self sufficiency or cooperation.

Before there was a dole there was sweat and toil.

Oh Lord, yet another mud-hut Libertarian. One of those "rugged individualists" who would be dead in 90 days without Social Security or Medicare.

 

[JustaSCOUNDREL]

At first I was going to ignore another of your posts. Then I decided to make a snarly comment. With you I figures snark is like water off a ducks back. Finally I decided to post some facts.

Let's start with Mitt Romney. He owns an investment firm. He started as a business consultant. As such he had the company he eventually owned find and provide the help floundering companies needed. He bought several companies which today are very successful. Most if not all employees of those he bought have jobs paying a wage that allowances them to live. with 15 million plus unemployed today having a job is pretty damn important.

Saving a failing business and making them thrive and add employees is a real win for those jobs he saved.

How about Warren Buffett. The company he bought into a long time ago is an absolute power house. It has bought and nurtured a whole bunch of smaller operations Without his intervention many would be out of business today and their employees would be on the street today.

He recently bought Burlington Northern rail road company. Lets assume the BNSF wants to lay a 1000 miles of track to expand its business. I'm sure Buffett will make sure the RR gets the money it needs. The folks who make the tracks gets business, the people who make the ties get a pop, the rolling stock Co.s get a big order, add in some RR engines to pull the rolling stock and all the rest of the stuff I don't have a clue about then tell me the wealthy don't make wealth.

This is just a couple of examples multiply those by a few hundred more wealthy individuals and the wealthy damn well make others wealthy.

If you bother to read this do not bother coming back at me and whining about minimum wage. It was not designed to support a family of four. Go to school and learn, develop job skills, go to work every working day and bust your ass to give your employer his moneys worth and your life will get better. Don't live beyond your means and learn something about investing. If you do all of that you may not be rich tomorrow but you can retire in comfort. Much of that comfort may well come from some wealthy guy investing in the company you work for.

MIke

 

[LJ_Reloaded]

With you I figures snark is like water off a ducks back. Finally I decided to post some facts.

You get it better than anyone, LOL. But yet...

Let's start with Mitt Romney. He owns an investment firm. He started as a business consultant. As such he had the company he eventually owned find and provide the help floundering companies needed. He bought several companies which today are very successful. Most if not all employees of those he bought have jobs paying a wage that allowances them to live. with 15 million plus unemployed today having a job is pretty damn important.

Wrong. Romney put companies out of business by driving them into debt. KB Toys would still be around if it weren't for him.

Saving a failing business and making them thrive and add employees is a real win for those jobs he saved.

He destroyed far more jobs than he ever created. Romney is a corporate raider, nothing more.

How about Warren Buffett. The company he bought into a long time ago is an absolute power house. It has bought and nurtured a whole bunch of smaller operations Without his intervention many would be out of business today and their employees would be on the street today.

Both of these examples utterly fail to show that these people created strong economies. They saved a few companies but they did not make the economy strong. They were MADE by a strong economy.

Romney made his money sucking companies dry. Buffett would have been nobody without the working class that made him wealthy in the first place. You're putting the cart before the horse. The economy was already solid before he came along, that's how he and everyone else got rich.

You're practically not even addressing the argument I made.

If you bother to read this do not bother coming back at me and whining about minimum wage. It was not designed to support a family of four. Go to school and learn, develop job skills, go to work every working day and bust your ass to give your employer his moneys worth and your life will get better. Don't live beyond your means and learn something about investing. If you do all of that you may not be rich tomorrow but you can retire in comfort. Much of that comfort may well come from some wealthy guy investing in the company you work for.

History shows you're wrong. The sheer math shows you're wrong. When you have 12 million more Americans than you have jobs, all the skills in the world will not get them employed. No matter how many Warren Buffetts there are in the world.

Moreover you completely ignore the fact that many companies take their jobs - and their money - overseas. Not because of taxes or regulations... but because of lower WAGES.

Cite.
http://www.reuters.com/article/2012/01/18/us-corporate-competitiveness-idUSTRE80H1HR20120118

Among respondents who had decided to move operations out of the United States over the past year, 70 percent cited lower wages as the reason they chose a new location, pointing to what is widely seen as emerging markets' main advantage.

So, basically, this cite shows that minimum wage jobs do in fact make America's economy more competitive according to 70% of surveyed companies.

Of course you're free to show me a cite that says otherwise.

Short of that, dude, do you want your ass returned to you on a plate or in a takeout bag?

Now bring on the snark.

 

[SgtSpiderMan]

Nobody would argue that the Feudal system was a strong economic model (well, okay, maybe the Obamanomic team) yet it was replete with rich* Lords...








* LT, rich means wealthy...

It looks like that's what we're heading back to.

 

[BoyNextDoor]

Without workers and customers, there are no rich people.

Sure there are. The Ancient, Feudal, Slave and Communistic fundamental class processes all produce rich people without the 'workers and customers' that capitalism requires.

 

[LJ_Reloaded]

Sure there are. The Ancient, Feudal, Slave and Communistic fundamental class processes all produce rich people without the 'workers and customers' that capitalism requires.

You don't want to go back to those economies, do you?

 

[SgtSpiderMan]

Sure there are. The Ancient, Feudal, Slave and Communistic fundamental class processes all produce rich people without the 'workers and customers' that capitalism requires.

The peasants renting the land weren't customers?

 

[LJ_Reloaded]

The peasants renting the land weren't customers?

*facepalm*

Wasn't looking at it from THAT perspective...