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originally posted by: DBCowboy
a reply to: Isurrender73
Why do you want to promote class warfare? Why do you care if people are successful?
As for the constitutional aspect?
The Constitution limits government, socialism expands it.
originally posted by: DBCowboy
a reply to: Drinking
You're right. The system does work for me. I am successful. Raising the minimum wage, changing the system, would hurt me. Me and millions of others who do make a good living. But everyone gets a trophy, right? Equal outcome for everyone, right?
originally posted by: DBCowboy
a reply to: stolencar18
Life isn't nice, life isn't even fair. There are always going to be winners and losers. But if you are losing a game, you don't change the rules so you can win. All I see is people trying to game the system.
They work full time, they should be able to stand on their own 2 feet.
originally posted by: stolencar18
I wonder why everyone in this thread is so afraid to even acknowledge the points made against them?
Wall Street creates jobs for people outside of Wall Street. Disagree? Please explain.
Billionaires create jobs. Name one billionaire who does not.
Education and training allow one to move upwards into jobs that DO exist. It happens every single day, thousands and thousands of times.
My opinion is that everyone wants something for nothing, and they're driven by jealousy. And greed.
Most of the rich aren't greedy. The rich give exponentially more to charity and similar programs than you and your 20 closest friends ever will, combined.
Also...your argument about demand? Give me a break. You claim demand creates jobs and wealth doesn't. Did it ever occur to you that it takes wealth to create the business to meet the demand? Or to run it intelligently? Or that many businesses run at a loss for a few years until things take off? And that often requires a wealthy investor to keep it afloat?
Pull your head out of the sand.
originally posted by: stolencar18
They work full time, they should be able to stand on their own 2 feet.
Success can't be measured by hours worked either.
I don't believe that anyone is stuck in a 40 hour McJob unless they choose to be. There are always ways up.
Using your logic, if I work 40 hours at my job and make X amount, that means everyone else that works the same hours should earn the same? Where's the incentive to better yourself then? Where's the motivation to try to move up in the world?
originally posted by: DBCowboy
a reply to: Drinking
You're right. The system does work for me. I am successful. Raising the minimum wage, changing the system, would hurt me. Me and millions of others who do make a good living. But everyone gets a trophy, right? Equal outcome for everyone, right?
originally posted by: nwtrucker
a reply to: Semicollegiate
Actually, I agree with Isurrender73 on that point.
The arbitrary value of gold was fixed at 35 dollars an ounce for a while.(In the day)
As the paper money market has been manipulated-they don't even "print" the money they create, these days, just create it and credit it into accounts, usually when cashing T-Bills...., they can and would manipulate the value of gold as well.
A trifle harder, but in essence, not a fix.
There are a number of countries without, 'Feds' or Central Banking systems, they all do the same thing. it's the power not the mechanism that's abused.
originally posted by: Semicollegiate
originally posted by: nwtrucker
a reply to: Semicollegiate
Actually, I agree with Isurrender73 on that point.
The arbitrary value of gold was fixed at 35 dollars an ounce for a while.(In the day)
As the paper money market has been manipulated-they don't even "print" the money they create, these days, just create it and credit it into accounts, usually when cashing T-Bills...., they can and would manipulate the value of gold as well.
A trifle harder, but in essence, not a fix.
There are a number of countries without, 'Feds' or Central Banking systems, they all do the same thing. it's the power not the mechanism that's abused.
MOney is like a yardstick. It measures how much things cost or how much things are wanted.
Gold is has a more or less fixed amount. Every dollar backed by gold, in a one to one match with some amount of gold, has the same value no matter what it is exchanged for.
Fiat money is like a yardstick that gets smaller or bigger over time.
The prices of things in a fixed money system communicate information about scarcity and relative worth. If something is running out, then the price will tell everybody sooner and more honestly than any study or agency.
An added bonus of money with fixed value is that it will be worth more over time. Production costs decrease with new manufacturing technology and innovation. Also the more stuff there is in the world, with the amount of money staying the same, the less expensive everything will be. Saving sound money under the mattress returns a profit for anybody and everybody.
As dollars become worth more, the denominations can go as small as a single atom gold. Over time the currency denominations will get smaller. If we had stayed on the gold standard, right now we would have one cent paper bills and new cars would still cost hundreds instead of tens of thousands of dollars.
Inflation is where all of the "livable wages" went. In a fixed money system, like in the 1800's, wages stayed about the same, but the price of everything went down.
All of the bank panics blamed on the gold standard were because of fractional reserve banking. The banks loaned out money that nobody had, and so every so often the banks couldn't pay what the banks owed.
The need for fiats/script won't go away and that's an easy route for manipulation. Gold, in and of it's self, isn't as valuable as say oil reserves or resources critical to an economy/civilization.