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Just now, tree-fancier123 said:

Ok so the 20 quid is a tax on the poor, could be sold for less without manufac becoming billionaire. The world stomachs billionaires somehow. Should trillionaires come to pass the cheerleaders will praise them for their innovation

Good grief. You could not make this up. A Tax on the Poor? What if the product is a luxury item? Something wanted but not needed by the poor. There is millions upon millions of people who are not classed as poor and are allowed to purchase items other that the bare necessities of life.

 

Selling Millions of £20 items will create work for a lot of people, it keeps many in jobs. It also generates a lot of tax all along the chain. 

 

But Im glad we agree that Communism is a failed experiment. :)

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1 hour ago, tree-fancier123 said:

Ok so the 20 quid is a tax on the poor, could be sold for less without manufac becoming billionaire. The world stomachs billionaires somehow. Should trillionaires come to pass the cheerleaders will praise them for their innovation

The idea of confiscating the wealth of the 1%  - it cannot work because it's based on two misunderstandings.

 

1. The wealth is speculative wealth - shares etc, which are not transferrable. If the shares were to be liquidated - just the rumour - would tank their value overnight. It's imaginary wealth. Even their assets are not really worth anything. What practical value does a billion million dollar New York high rise have to the poor? It's still just a glorified shed. What value a billion dollar yacht, in real terms, V.S an old fishing trawler?

 

2. Vast blocs of population need employment. They don't have the temperament to be self employed, therefore the need for huge corporations. Economy of scale, big corporations make goods and services cheaper, so the poor can afford them.

 

 

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Imaginary wealth, yeah real enough to buy multinational property portfolios while their lowest paid workers have to scrimp and save for their first rabbit hutch. Bezos, Phillip Green et al could have paid their lowest paid better, but they preferred to maximize the inequality.

So a billion - a million times a thousand, no probs.

A trillionaire - million times one million of imaginary wealth.

The first billion dollar mega mansion estate?

People dont like to think theyve been conditioned into thinking the super rich are doing nothing wrong. 

Nothing wrong theoretically with some clever businesswoman amassing one trillion pounds?

People do cash out of public companies to the tune of billions and the shares dont reprice downwards, not always.

Capitalist supporters will look at the first person to make

£€$ 1000000000000 as someone who created a lot of jobs, good on them.

Could have paid their lowest paid better, but didn't want to.

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3 minutes ago, tree-fancier123 said:

Imaginary wealth, yeah real enough to buy multinational property portflios while their lowest paid workers have to scrimp and save for their fist rabbit hutch. Bezos, Phillip Green et al could have paid their lowest paid better, but they preferred to maximize the inequality.

So a billion - a million times a thousand, no probs.

A trillionaire - million times one million of imaginary wealth.

The first billion dollar mega mansion estate?

People dont like to think theyve been conditioned into thinking the super rich are doing nothing wrong. 

Nothing wrong theoretically with some clever businesswoman amassing one trillion pounds?

People do cash out of public companies to the tune of billions and the shares dont reprice downwards, not always.

Capitalist supporters will look at the first person to make

£€$ 1000000000000 as someone who created a lot of jobs, good on them.

Could have paid their lowest paid better, but didn't want to.

Well, yes they could pay their workers better, I suppose. But then, consider that their workers are already 10,000% better off then their ancestors. They have clean drinking water, electricity, free hospital care and education for their children, cars, a road network, advanced communications, limitless entertainment, abundant food of infinite variety, virtually free clothing, flushing toilets, hot water on tap, social security unemployment protection, state pensions, a pretty fair legal system etc etc. Contrast their lifestyles with the workhouses of the early twentieth century...

      It's the inequality that pisses people off, but we are comparing clouds of heaven to throne of God here...

     Go further back, to medieval times, and the commoners weren't even allowed to travel the roads of their own country, without permission from their liege lord (much like the Soviet Union!)

     In material terms we want for nothing. Your council hovel gives the same warmth and shelter as Bezo's high rise apartment. Your lightbulbs are the same brand as his. His $100 socks and jocks are not more comfortable than yours. Your £5 watch tells the same time as his $50'000 Rolex.

      Meanwhile, in Africa.......

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Agreed @Haironyourchest

 

my Dad born in 1927, went from a house with no water or electricity, an almost medieval start to a life, to a reliable affordable car, top healthcare, a warm comfortable house, plentiful supplies of good food and drink, and constant care in his dotage to his death in 2014.

He was a tractor driver, not a hedge fund manager or a professional in the career sense.

No generation in the history of mankind has ever had such a rise in living standards.


 

 

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