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Greed is an excessive desire to possess wealth, goods, or abstract things of value with the intention to keep it for one's self. Greed is inappropriate expectation. However, greed is applied to a very excessive or rapacious desire and pursuit of wealth, status, and power.
Source: en.wikipedia.org...
It has been shown that global banking operations have shifted money made in the US/Europe to offshore tax free havens (or lesser tax) so that the wealth that was created in the US does not stay in the US, it's like pulling out the drain on the economy. So now our economy is in the gutter and job creation is stalling.
Secondly, many of these Fortune 100 companies are hoarding their money to bolster their bottom lines, where instead they should reinvest the wealth into the economy.
It get stickier here, but with billionaires it would have to be a case by case basis - as some of these folks are massive jobs creators and excellent for the economy. Other though are private individuals who hoard their wealth. And while you say, "they made the money they can do whatever they want with it including saving it," the difference at that level of wealth the money saved/hoarded is locking out parts of the population who need it now, during this bad economical time. Granted it's their money, so it gets hairy here, but the thinking is they should do more to help by creating jobs, or starting industries for job creation. Hope that helps.
Originally posted by beezzer
reply to post by Jason88
Nice, but not true. I've had debates here, on ATS, where the OWS proponents called for an end to capitalism.
Period.
You may not think so, but there are countless people at these events, and here on ATS, who espouse the end of capitalism.
It is darwinism the strong succeed the weak perish enter that other ism that has and is leading to all this nation and the world's problems.
Originally posted by beezzer
reply to post by Jason88
Nice, but not true. I've had debates here, on ATS, where the OWS proponents called for an end to capitalism.
Period.
You may not think so, but there are countless ppeople at these events, and here on ATS, who espouse the end of capitalism.
Originally posted by madhatr137
reply to post by neo96
It is darwinism the strong succeed the weak perish enter that other ism that has and is leading to all this nation and the world's problems.
The "survival of the fittest" mentality that you reference is not Darwinism, it is Social Darwinism, a 19th Century ideology tha a.) Darwin himself never identified with and b.) was never anything more than the Elite of the era making up BS justifications as for why they had the right to treat the other 99% of humanity like animals and possessions. Which is why the ideology crushed by the Progressive Era.
Originally posted by loveguy
Originally posted by beezzer
reply to post by Jason88
Nice, but not true. I've had debates here, on ATS, where the OWS proponents called for an end to capitalism.
Period.
You may not think so, but there are countless ppeople at these events, and here on ATS, who espouse the end of capitalism.
Personally, I wish to call an end to the concept of debt/compensation for any services rendered by anybody anywhere.
99% of us are willing to forgive debt. 1% is not.
Whatever the true stat, it's not a 50-50 down the middle arrangement by far.