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Originally Posted by Lucas:
Originally Posted by baseman:
Originally Posted by Lucas:

Analyze that!

Define equality!

equal rights to money...

I mean equal amounts of money for everyone.. since money buys everything then this will translate in equal opportunities.

That's what I expected.  True, people should get fair pay for their services however, this is best addressed in a market environment where people's skills are talents are in demand.

 

What does "equal right to money" means?  How do you differentiate between the person who sweats, sacrifices, saves, invests and becomes well-off or "rich" and the person who is happy-go-lucky, works to exists, lives for the moment, then ends up with little to show, or poor.

 

Your model is flawed, old, tested and failed.  You need to get real.

FM
Originally Posted by Lucas:
Originally Posted by baseman:
Originally Posted by Lucas:

Analyze that!

Define equality!

equal rights to money...

I mean equal amounts of money for everyone.. since money buys everything then this will translate in equal opportunities.

What is mine is mine. What is yours is mine if I can get it.

 

Look at the borrowing and the current debt load which will obviously have to be passed to our future generations. Did any people from the next generation vote on these policies? Did they ever agree to pay the huge debt we are passing on to them? How is this democracy?

Mitwah
Originally Posted by Mitwah:
Originally Posted by Lucas:
Originally Posted by baseman:
Originally Posted by Lucas:

Analyze that!

Define equality!

equal rights to money...

I mean equal amounts of money for everyone.. since money buys everything then this will translate in equal opportunities.

What is mine is mine. What is yours is mine if I can get it.

 

Look at the borrowing and the current debt load which will obviously have to be passed to our future generations. Did any people from the next generation vote on these policies? Did they ever agree to pay the huge debt we are passing on to them? How is this democracy?

Depends on what the debt was taken for.  Post WW11, the previous generation took out enormous debt to built-out the national infrastructure from which this generation has benefited greatly.  The problem today is some debt is being incurred to fund entitlement.  This is a dangerous development as does not benefit future generations.  A reasonable 5-7% debt to GDP ratio is sustainable and even healthy

FM
Originally Posted by Lucas:

Analyze that!

 You need to re-frame it. Life has made us with unequal aptitude for various tasks. We cannot ever be on equal footing  in physical or intellectual attributes because that is not how nature works.Talent is serendipitous across race culture and creed so that is the only equality here. 

 

We mirror that if we set the standards for performance and access to the factors  of production via  the principle that rights are non hierarchical.  That means Black, white, Christian or Buddhist,  gay,  straight transgender or other gender all are on equal footing in the society.  That is the only equality possible.

FM
Originally Posted by Lucas:
Originally Posted by baseman:
Originally Posted by Lucas:

Analyze that!

Define equality!

equal rights to money...

I mean equal amounts of money for everyone.. since money buys everything then this will translate in equal opportunities.

 You are being silly. Money is nothing but an agreement in principle to honor a mechanism for exchange of goods. It is not the intrinsic value of the goods.

 

This is what get those gold standard ninny going...the pursuit of the holy grail of assigning an intrinsic value to the medium of exchange outside the "implicit trust" factor ( which works well for the most part). Money does not buy everything in this sense. Trust to honor one's obligation does.

 

This means that one has to be productive to guarantee trust.  Productivity is motivated by competition in light of opportunities for changes in one standards of living for the better.  Competition is enhanced in certain social settings ie democracy. Only the communist promise things for free.

 

FM
Originally Posted by Stormborn:
Originally Posted by Lucas:
Originally Posted by baseman:
Originally Posted by Lucas:

Analyze that!

Define equality!

equal rights to money...

I mean equal amounts of money for everyone.. since money buys everything then this will translate in equal opportunities.

 You are being silly. Money is nothing but an agreement in principle to honor a mechanism for exchange of goods. It is not the intrinsic value of the goods.

 

This is what get those gold standard ninny going...the pursuit of the holy grail of assigning an intrinsic value to the medium of exchange outside the "implicit trust" factor ( which works well for the most part). Money does not buy everything in this sense. Trust to honor one's obligation does.

 

This means that one has to be productive to guarantee trust.  Productivity is motivated by competition in light of opportunities for changes in one standards of living for the better.  Competition is enhanced in certain social settings ie democracy. Only the communist promise things for free.

 

Competition as a way to guarantee trust?

As I see it, competition generates more losers than winners, which means there will be more equality on the loser's side, a large amount of people who are equally disempowered and subject to manipulation and exploitation. Look at what America is becoming thanks to competition. At the current trend it will be as bad as India, Pakistan or Bangladesh in few decades.

FM
Originally Posted by Lucas:

 

Competition as a way to guarantee trust?

As I see it, competition generates more losers than winners, which means there will be more equality on the loser's side, a large amount of people who are equally disempowered and subject to manipulation and exploitation. Look at what America is becoming thanks to competition. At the current trend it will be as bad as India, Pakistan or Bangladesh in few decades.

Lucas, bai you head up-side-down of what.  I don't comment on the trust thing as that has nothing to do with business, that's a societal and individual value issue.

 

Lucas, it's competition which brought the West to where it is, and even with the current problems, the competitive economy has delivered the people the highest standard of living in human history, bar none.  If there were more losers that winners, there will be know middle class.  Lucas, you need shock therapy.

FM
Originally Posted by baseman:
Originally Posted by Lucas:

 

Competition as a way to guarantee trust?

As I see it, competition generates more losers than winners, which means there will be more equality on the loser's side, a large amount of people who are equally disempowered and subject to manipulation and exploitation. Look at what America is becoming thanks to competition. At the current trend it will be as bad as India, Pakistan or Bangladesh in few decades.

Lucas, bai you head up-side-down of what.  I don't comment on the trust thing as that has nothing to do with business, that's a societal and individual value issue.

 

Lucas, it's competition which brought the West to where it is, and even with the current problems, the competitive economy has delivered the people the highest standard of living in human history, bar none.  If there were more losers that winners, there will be know middle class.  Lucas, you need shock therapy.

The wealthy countries accumulated their wealth by colonising others' and by enslaving Africans and by genocide, that's the side of competition that you refuse to see.

FM
Originally Posted by Lucas:
Originally Posted by baseman:
Originally Posted by Lucas:

 

Competition as a way to guarantee trust?

As I see it, competition generates more losers than winners, which means there will be more equality on the loser's side, a large amount of people who are equally disempowered and subject to manipulation and exploitation. Look at what America is becoming thanks to competition. At the current trend it will be as bad as India, Pakistan or Bangladesh in few decades.

Lucas, bai you head up-side-down of what.  I don't comment on the trust thing as that has nothing to do with business, that's a societal and individual value issue.

 

Lucas, it's competition which brought the West to where it is, and even with the current problems, the competitive economy has delivered the people the highest standard of living in human history, bar none.  If there were more losers that winners, there will be know middle class.  Lucas, you need shock therapy.

The wealthy countries accumulated their wealth by colonising others' and by enslaving Africans and by genocide, that's the side of competition that you refuse to see.

Nah, you bit drunk.

FM

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