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Originally posted by muppet
I don't think there's a conspiracy, since there's no benefit to the rich in trying to keep everyone else poor. It if the poor get richer, so do the rich, and everybody benefits.
Originally posted by mOjOm
Originally posted by muppet
I don't think there's a conspiracy, since there's no benefit to the rich in trying to keep everyone else poor. It if the poor get richer, so do the rich, and everybody benefits.
Ummmmm.....I don't think so. I would like to hear your explanation on just how that is supposed to work. You see there is only so much money to be divided up between everyone. Therefor if the Poor are getting richer, then the Rich are then getting Poorer. It's like dividing up 100 into 10 people. Everyone can get 10. Or 3 can get 30 each while the other 7 divide up the other 10 between them.
Yes the Rich want to keep the Poor being Poor, because as long as others are Poor and need money, they will do what the Rich person wants them to do to earn money. Now, the Rich therefor need to pay just enough so that the poor will accept it, but not so much that the poor become Rich themselves, because if that happens they will no longer need to do what the Rich tell them to do. They will be self sufficient and stable on their own. The Rich need to keep others doing the work without becoming Rich on their own for one, cause then someone else who is Rich can challenge them with equal Power(Wealth) and threaten their Control. Also, they would loose a worker and need to replace them with someone else. This is not a difficult concept is it???
Originally posted by factfinder38
My veiw ...
Originally posted by muppet
Hi mOjOm,
You've covered a few different issues there, but I'll answer the main issue you raised. Your premise that there is a limited amount of money to go round is a false one.
Money, certainly since the abandonment of the gold standard, is literally created on demand, in the form of debt.
The government could print 100 billion genuine dollars tomorrow and distribute them to the poor if it wished. It doesn't because this would lead to inflation.Ok this is an extreme example, but the same principle applies in real life. More money in the economy, if it isn't matched with more production of goods and services within that economy, causes inflation.
Do the rich decide to keep wages low for everyone else? of course not! If by "rich" you mean the business owners, well if you have a pension scheme, that's you and me. We are the business owners, and everyone else who has a stake in the stock market. If wages were increased, not only would inflation rise, but our investments, savings and pension plans would shrink as company profits fall. That's not good for anyone, not even the rich!
It has been pretended by some, (and in England especially,) that inventors have a natural and exclusive right to their inventions, and not merely for their own lives, but inheritable to their heirs. But while it is a moot question whether the origin of any kind of property is derived from nature at all, it would be singular to admit a natural and even an hereditary right to inventors. It is agreed by those who have seriously considered the subject, that no individual has, of natural right, a separate property in an acre of land, for instance. By an universal law, indeed, whatever, whether fixed or movable, belongs to all men equally and in common, is the property for the moment of him who occupies it; but when he relinquishes the occupation, the property goes with it. Stable ownership is the gift of social law, and is given late in the progress of society. - The Letters of Thomas Jefferson: 1743-1826
Originally posted by mOjOm
Now, poor doesn't mean Broke though. As even the Rich need some movement withing the economy, even if it is all just a collaborative illusion, and keep others believing in it otherwise the truth will be revealed. That is the fact that Monetary Value is based on Faith and Belief of something that isn't not a Real thing but just an idea.
Now, the interesting thing to think about is the fact that even the Burger has no value if you aren't hungry. Because when you take 'Value' a step further, you realize that Value is completely Subjective and Changes all the time.
Ever wonder how it is that every country has some kind of National Debt, if they aren't already just flat out Poverty Struck Already. Just how do you think that could happen anyway?
How can every Nation Owe so much money? Who do they Owe it to? Shouldn't there be some Country or Entity that all that money is going to that would be obvious?
Even if everyone gave all their Actual Real Money to pay it off we are short by a Really Really long way.
Is an apple of 30 years ago really that much different than an apple of today that the price of it changes to such a degree??? Ever tried to figure out just why things seem so unbalanced???
Originally posted by mOjOm
The 'Owner' in Reality 'Possesses' nothing but paper squares which have No Real Value except in the Imagined Game.
So even though he 'Possesses' only Worthless Paper, he's created a System where it has Value Equal to the Actual Products it Buys. Those Products are actually in the Possession of the Workers though. But they 'Believe' in the System of Ownership which holds them in a position where they Believe they 'Possess' nothing, when in reality they 'Possess' more value than what they are working for.
It can be done because it's all Beliefs in Concepts and not Real things. Nobody could Actually Possess the Real Value of Billions of Dollars worth of Property, Products, etc. but they can possess Billions of Fictional Number Values that Others Believe is Equal to the Actual Things Themselves.