A Question For Supporters of Uncontrolled Free Markets

Who deserves to make the most money?

Water Suppliers
Food Suppliers
Linen Makers
Tailors
Miners
Blacksmith
Carpenters
School Teachers
Architects
Plumbers
Electricians
Waste Disposal
Appliance Builders
Engineers
Road Builders
Auto Builders/Mechanics
Firefighters
Police Officers
Military Personnel
Medical professionals
Mail Deliverers
Truck Drivers
Basic Toy Makers
Electronic Toy Makers
The Engineer for TV broadcasting
Producers
Entertainers
Government Employees
Business Owners who sell what others produce
Bankers who profit off your money

The system is flawed. Those who make the most money in this world do the least to contribute to it's success. Those at the top of the modern money pyramid are those who have exploited everyone they need in order to generate the wealth they have.

The Business Owners, Bankers and Stock Holders are the least important to society yet 1% of them own 50% of the world. And I assure you THEY CAN BE REPLACED, we have plenty of mathematicians with A type personalities.

Wake up people!

Nearly Uncontrolled Free Markets may have been a success before the technological age, but is no longer a feasible system.

Men like Leonardo Da Vinci, Nikola Tesla, Steve Jobs, Thomas Edison, Alexander Graham Bell, The Wright brothers, Galileo Galilei, and Albert Einstein are the are the one's who advance mankind. Not business owners and bankers.

And the Inventors all have this in common, they invented for the love of inventing and for the advancement of mankind. Most of them had little to no concern for personal wealth. So the world will continue to progress without massive wage disparity, because tinkerers love to tinker.

The owners of great technologies have exploited the minds of the great inventors to become wealthy, without themselves having contributed anything of significance except personal gain.

It is time to stop the exploitation of great inventors and everyone who produces necessary services to humanity, by creating a wealth cap for those who are only interested in personal gain.

Greed is killing the people and the environment, not promoting a better world.

Nearly Uncontrolled Free Markets have created billionaires out of people who do nothing but move products and money from one place to another. Their wealth has actually stifled green energy and other advances that would compete with their money. They stifled the Electric Car and Solar Energy, and have done nothing but pollute our world by manufacturing cheap products designed to break.

Massive Income and Wealth disparity have steadily increased poverty and the need for wealfare over the last 50+ years in the world's larget economy.

Nearly Uncontrolled Capitalism is no longer a feasible system. Massive Wealth disparity has lead to an Oligarchy or Corporatocracy, with those at the top showing no concern for humanity and the environment.

Communism is a failure because people are not equally motivated, nor equally capable.

Social Capitalism (Freemarket Capitalism with a wage and wealth cap) is the only system that will advance mankind in the Age of Technology.

Do you still believe Uncontrolled Free Markets are the way to advance in the technological age? And what benefit does uncontrolled wage and wealth disparity have for mankind?

Steve jobs was worth $11 billion when he died. That's not exactly living from check to check

If there were an uncontrolled free market then Planned Parenthood wouldn't be under assault for allegedly selling fetuses.

Just cannot have uncontrolled free market where human morals are in play.

a reply to: Isurrender73


Just make it so one has to spend at least 75 percent of their money every year, anything over 25 percent gets seized ,and used to pay for welfare.

That alone would fix it immediately.

Because hoarding money restricts the economy.

It only works correctly when money is changing hands.

originally posted by: Isurrender73
Men like Leonardo Da Vinci, Nikola Tesla, Steve Jobs, Thomas Edison, Alexander Graham Bell, The Wright brothers, Galileo Galilei, and Albert Einstein are the are the one's who advance mankind. Not business owners and bankers.

Tesla, Bell, Edison, Jobs and the Wright Brothers were all business owners. Where do you get your information from?

a reply to: Isurrender73

The amount someone makes has nothing to do with "deserving". It has to do with scarcity, demand, and how much money that person's unique talents can generate.

Floyd Mayweather makes $250 million boxing because there is only one Floyd Mayweather. A televised fight of his may generate $1 billion in revenues for the fight promoter. A Floyd fight generates thousands of jobs and value for everyone from the peanut guy to cops directing traffic to casino workers to TV producers.

On the other hand, guy making minimum wage flipping burgers is easily replaceable and not unique. Therefore, his value to the company is not as high. Yes, his job is important but the reality is the burger joint doesn't go out of business if he doesn't show up for work. They can find 5 more people within a day to do the job and train them with equal results. As a result, their wages reflect that is no scarcity. Does this make them less of a person? No. But they aren't worth more than minimum wage.

A CEO runs a multi-billion dollar company employing tens of thousands of workers across the globe. He needs to have good understanding of marketing, operations, finance, strategy, legal, and all kinds of other industry specific knowledge. His decisions can either create value for the shareholders and employees or it can kill the company. There can only be one CEO and their pay is generally commensurate with their overall responsibility.

The more money you generate, the more money you are paid. It really is that simple. Some jobs are important, but the reality is they are costs, not revenue generators. This is why people in sales are usually the highest paid employees in a company whereas folks in accounting are not. Both are important, but the sales guy is the one keeping the accounting guy employed because without sales coming in, there is no accounting to be done.

Too many of you focus too much on what other people are doing and making instead of worrying about yourself.

a reply to: johnwick


Buying stocks and ira's would be considered spending their money. Theybought a tangible item therefore adding Capitol to a company for investments in expansion and equipment. I doubt he put $150 million in his checking account.

originally posted by: Bluntone22
I doubt he put $150 million in his checking account.

Agreed, only a moron would do that.

a reply to: Edumakated

The thing is, you can take any reasonably intelligent Joe, stick him in a board room with a bunch of financial advisers and he can run a company just fine. It's usually not the "leader" that's super tallented, but the people he surrounds himself with.

The same with the POTUS, a general, any leader -- they're only as good as the people giving them information and advice.

Hell any one of us could probably run a fortune 500 company if we had the right people advising us.

a reply to: Isurrender73

Also, you do realize that if it weren't for evil bankers, many of these inventors' products would have never made it out of their garages? What do you think private equity, venture capitalist, and investment bankers do for a living? The risk enormous amounts of capital providing a means for businesses to grow and expand.

For every VC that makes a billion finding the next Google, there are 10 other deals that crash and burn.

The economic ignorance of many of you is just astounding. I mean it is down right pathetic. I'm not saying there aren't any evil rich people, but good lord. Some of you can't even grasp basic economic and business concepts. It is no wonder why you aren't more successful and spend your time complaining about rich folks.

Great leaders aren't great because they're super human...

Great leaders (and CEOs) are great because they listen to smart people and have two key qualities...

Critical thinking skills and common sense.

You'd think those would be fairly common, but unfortunately they're not. They're actually pretty rare these days. So if you take a reasonably intelligent person, give him sound advice from specialists in their respective fields, couple that with critical thinking and common sense ... you get success.

originally posted by: MystikMushroom
a reply to: Edumakated

The thing is, you can take any reasonably intelligent Joe, stick him in a board room with a bunch of financial advisers and he can run a company just fine. It's usually not the "leader" that's super tallented, but the people he surrounds himself with.

The same with the POTUS, a general, any leader -- they're only as good as the people giving them information and advice.

Hell any one of us could probably run a fortune 500 company if we had the right people advising us.

No you can't. If that were the case, then you wouldn't see so many companies crater after the CEO is changed. CEOs also need to understand how to pick their teams. It goes well beyond just numbers on a spreadsheet. Think about how Steve Jobs literally saved Apple Computer. Apple had damn near failed after Steve Jobs was fired and replaced with a former Pepsi CEO, John Sculley.

Leaders need to inspire. Make tough decisions. Pick up on nuances. If anyone could do it, anyone would be doing it. Companies, big and small, fail every single day because the leadership team is bad.

originally posted by: AugustusMasonicus

originally posted by: Isurrender73
Men like Leonardo Da Vinci, Nikola Tesla, Steve Jobs, Thomas Edison, Alexander Graham Bell, The Wright brothers, Galileo Galilei, and Albert Einstein are the are the one's who advance mankind. Not business owners and bankers.

Tesla, Bell, Edison, Jobs and the Wright Brothers were all business owners. Where do you get your information from?

I get my information from history books.

Tesla ended up broke, Edison reinvested all his money to continue inventing.

And I will let Jobs speak for himself

“I was worth over $1,000,000 when I was 23, and over $10,000,000 when I was 24, and over $100,000,000 when I was 25, and it wasn’t that important because I never did it for the money.”
- Steve Jobs

You will have to try harder than that.

Men like Leonardo Da Vinci, Nikola Tesla, Steve Jobs, Thomas Edison, Alexander Graham Bell, The Wright brothers, Galileo Galilei, and Albert Einstein are the are the one's who advance mankind. Not business owners and bankers.

Their accomplishments would have been spit in the wind if someone, some company, some other hadn't invested in their discoveries and "made it happen".

You cannot compare apples and oranges. Why should an actor like Angelina Jolie make $20 million dollars for a single movie but a firefighter only $60,000 for the whole year? Apples and oranges and lots of other considerations, twists, and turns.

originally posted by: AugustusMasonicus

Tesla, Bell, Edison, Jobs and the Wright Brothers were all business owners.

The dawn of Corporatism !!!

originally posted by: Bluntone22
Steve jobs was worth $11 billion when he died. That's not exactly living from check to check

“I was worth over $1,000,000 when I was 23, and over $10,000,000 when I was 24, and over $100,000,000 when I was 25, and it wasn’t that important because I never did it for the money.” - Steve Jobs

I included him specifically because of who he was as a man, the outside of his Apple Persona.

a reply to: Edumakated

Not everyone gets the opportunities to do it, that's why "not everyone" is doing it.

You have to be in the right place, and willing to do the right things to get the right network connections to rise to the top. Certainly a there's a specific type of personality that becomes a leader or CEO -- but those CEO's themselves aren't some kind of super-human genius. If it wasn't for their teams of experts, they'd be just as clueless as anyone else.

Leaders use the people around them like we use our computers for information and decision making.

As I said, it takes common sense and critical thinking to properly lead people -- something you'd think is more widespread, but in reality isn't.

But sure, let's all adopt Stockholm syndrome over CEO's and powerful people -- let's all worship them because they're somehow superhuman. They put on their pants one leg at a time just like everyone else.

a reply to: Edumakated

And Steve Jobs also didn't live in rich-man's la-la land like the Pepsi Co CEO. Jobs understood what people wanted by using common sense and critical thinking skills.

It isn't magic, and it isn't genius. Most of it is just having good listening skills and watching market trends. Knowing what the people want by being observant and not living in the clouds.

Usually when a CEO is driven by "profit at any cost" -- that cost is usually the business itself. Apple was being lead in directions that made sense at the time to maximize profit for the shareholder, but didn't make market sense.

originally posted by: Isurrender73

originally posted by: Bluntone22
Steve jobs was worth $11 billion when he died. That's not exactly living from check to check

“I was worth over $1,000,000 when I was 23, and over $10,000,000 when I was 24, and over $100,000,000 when I was 25, and it wasn’t that important because I never did it for the money.” - Steve Jobs

I included him specifically because of who he was as a man, the outside of his Apple Persona.

Yeah, he was a real nice guy,,,,

www.businessinsider.com...

Steve Wozniak might not agree with you.

originally posted by: Bluntone22
a reply to: johnwick


Buying stocks and ira's would be considered spending their money. Theybought a tangible item therefore adding Capitol to a company for investments in expansion and equipment. I doubt he put $150 million in his checking account.

well not quite.....in 2014, the companies in the S & P 500 spent at least 914 billion of their profits in stock buybacks...
www.bloomberg.com...