@uu When the billionaires return to the earth they destroyed.
@nerdman Poor people often times don't even have a choice in what they buy as they will likely pick the cheapest option not that has anything to do with what I was talking about. You're correct in some sense thought that society should not permit the existence of billionaires. They should be taxed out of existence. @uu
@terryenglish @uu
You don't tax people out of existence. You just get them to move their value to where it's not taxed as heavily, and then you don't have investments and real poverty explodes.
You don't tax people out of existence. You just get them to move their value to where it's not taxed as heavily, and then you don't have investments and real poverty explodes.
@terryenglish @uu
You mean right after the rest of the industrialized world wrecked itself and there weren't places to make industrial goods at other than USA?
You mean right after the rest of the industrialized world wrecked itself and there weren't places to make industrial goods at other than USA?
@terryenglish @uu
You mean when industrial production started getting moved to Japan then Korea then China, Mexico, etc because USA was too expensive?
You mean when industrial production started getting moved to Japan then Korea then China, Mexico, etc because USA was too expensive?
@fluffy @uu @terryenglish
What other reason could there be? Spite? That's not how getting rich works.
What other reason could there be? Spite? That's not how getting rich works.
@nerdman @terryenglish @uu profit-seeking does not appropriately model all behavior
the stonetoss Burgers? comic comes to mind as an obvious example
the stonetoss Burgers? comic comes to mind as an obvious example
@fluffy @uu @terryenglish
Oh of course. But if you're getting rich, profit seeking must necessarily be a very important behavior, no?
Oh of course. But if you're getting rich, profit seeking must necessarily be a very important behavior, no?
@nerdman @terryenglish @uu A non sequitor? I'm simply suggesting that the motives behind moving around labor are more nuanced than "americans charge more"
@fluffy @uu @terryenglish
I'm suggesting that profit is the most important, because if you don't do things with profit in mind, you don't profit, and you don't get rich(er).
#GetWokeGoBroke comes to mind.
I'm suggesting that profit is the most important, because if you don't do things with profit in mind, you don't profit, and you don't get rich(er).
#GetWokeGoBroke comes to mind.
@nerdman @terryenglish @uu only in the sense that all human behavior ultimately is about profits
and at that level of generality, i'm not sure how meaningful the statement is
and at that level of generality, i'm not sure how meaningful the statement is
@fluffy @uu @terryenglish
When we're talking about taxing billionaires out of existence and what would happen if you actually tried that, thinking about human behavior is important.
When we're talking about taxing billionaires out of existence and what would happen if you actually tried that, thinking about human behavior is important.
@terryenglish @uu @fluffy
The evidence is how much money there is, and how much bigger the stonks values are.
The evidence is how much money there is, and how much bigger the stonks values are.
@terryenglish @uu @fluffy
It decreased the government's capabilities of printing money. Hence the ability of rich people to accumulate more as compared to the non-rich.
It decreased the government's capabilities of printing money. Hence the ability of rich people to accumulate more as compared to the non-rich.
If they kept restrictions it would just mean richer peoples in other places. What Nixon did that REALLY fucked up everything was ending the gold standard.