devonwoody
Established Member
Do you think I am a banker or something?
Also waiting for the wife to be picked up from hospital having kemo treatment.
Also waiting for the wife to be picked up from hospital having kemo treatment.
devonwoody":1le5457h said:Waiting for some glue to dry. :mrgreen:
How about you?
Does it bother you that folk are being rewarded for their work? Why shouldn't they be rewarded?
But it doesn't. You only have to look at the richest country in the world which has a (fairly) free market i.e. USA. Per capita income is enormous yet 15.1% of the pop, approximately 43.6 million, live in poverty, with all the associated problems plus inadequate health care.mark270981":1igzu9fg said:I believe in the trickle down theory it has to work, ......
Jason Pettitt":14alnbkd said:Does it bother you that folk are being rewarded for their work? Why shouldn't they be rewarded?
Oh come on, It's not like you guys are volunteers.
in 2008, the year of the financial meltdown, Goldman Sachs received a $6 billion US government bailout (ie public money that should have been spent improving schools, public infrastructure, health projects, programmes to improve social inclusion etc etc). Sachs spent a little under of half of that $6 billion paying each other end of year staff bonuses.
Yeah, I've got a problem with that.
And it's not even as though money acts as an incentive for anything other than manual tasks.
Dibs-h":14alnbkd said:Does it bother you that folk are being rewarded for their work? Why shouldn't they be rewarded?
We're not having a conversation on bonuses being paid to folk working at firms bailed out by the Gov't.
LuptonM":1auacb4j said:Dentists are pretty bad as well. £30 for a 5min check up
If you want to see trickle down theory not working on a daily basis look at India. Massive progress in industrialisation and jobs for the middle classes but the poor are getting even poorer as prices rise. But it's a democracy, and the fight for taxation, minimum wages, welfare of various sorts, is on. It's scaring the middle classes as the tax bill is likely to be huge, if this is to become a peaceful and civilised country.Jacob":b4esndvr said:But it doesn't. You only have to look at the richest country in the world which has a (fairly) free market i.e. USA. Per capita income is enormous yet 15.1% of the pop, approximately 43.6 million, live in poverty, with all the associated problems plus inadequate health care.mark270981":b4esndvr said:I believe in the trickle down theory it has to work, ......
Then look at Mexico next door which is more or less a USA dependant state. A much freer market with less regulation and intervention - another 49million people live in much worse poverty and violence and crime is rife.
So in the richest part of the world 90 million people live in poverty, and wealth most certainly does not trickle down.
It never has in the past, it doesn't now and it never will. It's glaringly obvious.
It trickles up. The rich get richer and the poor get poorer, unless there is some countervailing force, ideally democratic redistribution by taxation. If not it gets redistributed by crime, revolution or other systemic collapse.
Jacob":e1xsfw1h said:If you want to see trickle down theory not working on a daily basis look at India. Massive progress in industrialisation and jobs for the middle classes but the poor are getting even poorer as prices rise. But it's a democracy, and the fight for taxation, minimum wages, welfare of various sorts, is on. It's scaring the middle classes as the tax bill is likely to be huge, if this is to become a peaceful and civilised country.
mark270981":1c8ywngb said:...... Its excessive what they get rewarded for their hard work, but thats the nature of their business......
Jacob":3entslno said:.....The rich get richer and the poor get poorer ......
More like the new Soviet Union.RogerS":13r4yztq said:Jacob":13r4yztq said:.....The rich get richer and the poor get poorer ......
Just like in the old Soviet Union, then, Jacob.
Well I dunno I don't have any figures but I'd guess that wealth distribution is reverting to pre-revolutionary conditions. Russia was very poor as it recovered from the revolution and from WW2 and there wouldn't have been much wealth to trickle up. Wealthy Russian weren't conspicuous under Stalin or Kruschev but they are all over the place now.RogerS":1xpmx4cj said:Sorry Jacob but the difference between the richest and poorest in the old Soviet Union dwarves that in todays Russia.
Jacob":usktzm4a said:RogerS":usktzm4a said:.....Wealthy Russian weren't conspicuous under Stalin or Kruschev but they are all over the place now.
What did they do with it then? Buy new Ladas and Trabants?RogerS":1990qb8y said:Jacob":1990qb8y said:RogerS":1990qb8y said:.....Wealthy Russian weren't conspicuous under Stalin or Kruschev but they are all over the place now.
No, they kept it very quiet. And if you also factor in privileges that the commissars and above had then the contrast is even more marked.
Jacob":p2p3dd0g said:What did they do with it then? Buy new Ladas and Trabants?RogerS":p2p3dd0g said:No, they kept it very quiet. And if you also factor in privileges that the commissars and above had then the contrast is even more marked.
Enter your email address to join: