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Rich vs Rich
https://gladerebooted.net/viewtopic.php?f=8&t=5391
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Author:  Uncle Fester [ Tue Feb 01, 2011 5:52 pm ]
Post subject:  Rich vs Rich

http://washingtonexaminer.com/politics/ ... z1CgSf7XSz


Soro's funding protests against other billionaires claiming their money is corrupting politics...

Quote:
Billionaires poisoning our politics was the central theme of the protests. But nothing is quite as it seems in modern politics: The protest's organizer, the nonprofit Common Cause, is funded by billionaire George Soros.

Common Cause has received $2 million from Soros's Open Society Institute in the past eight years, according to grant data provided by Capital Research Center. Two panelists at Common Cause's rival conference nearby -- President Obama's former green jobs czar, Van Jones, and blogger Lee Fang -- work at the Center for American Progress, which was started and funded by Soros but, as a 501(c)4 nonprofit "think tank," legally conceals the names of its donors.

In other words, money from billionaire George Soros and anonymous, well-heeled liberals was funding a protest against rich people's influence on politics.

When Politico reporter Ken Vogel pointed out that Soros hosts similar "secret" confabs, CAP's Fang responded on Twitter: "don't you think there's a very serious difference between donors who help the poor vs. donors who fund people to kill government, taxes on rich?"

In less than 140 characters, Fang had epitomized the myopic liberal view of money in politics: Conservative money is bad, and linked to greed, while liberal money is self-evidently philanthropic.

Author:  Kaffis Mark V [ Tue Feb 01, 2011 9:45 pm ]
Post subject: 

See, that Fang guy perfectly sums up the problem, here. LIberals truly think that their influence is different.

Author:  Corolinth [ Tue Feb 01, 2011 9:52 pm ]
Post subject: 

They believe they're the only moral group in the country. As that isn't markedly different from certain segments of their opposition, I remain unsurprised.

Author:  shuyung [ Tue Feb 01, 2011 10:41 pm ]
Post subject: 

That Fang guy also perfectly epitomizes the difficulty that most people have with punctuation.

Author:  Aizle [ Wed Feb 02, 2011 9:38 am ]
Post subject:  Re:

Kaffis Mark V wrote:
See, that Fang guy perfectly sums up the problem, here. LIberals truly think that their influence is different.


So playing devil's advocate here. Since money in an of itself is a thing, and not good or bad, isn't the way in which you use it what determines it's moral value if any?

Or to put it in the form of a question:

Is 1 million dollars spent on charities better or more moral than 1 million dollars spent on trying to reduce your own tax burden?

Author:  Ienan [ Wed Feb 02, 2011 10:00 am ]
Post subject:  Re: Re:

Aizle wrote:
Kaffis Mark V wrote:
See, that Fang guy perfectly sums up the problem, here. LIberals truly think that their influence is different.


So playing devil's advocate here. Since money in an of itself is a thing, and not good or bad, isn't the way in which you use it what determines it's moral value if any?

Or to put it in the form of a question:

Is 1 million dollars spent on charities better or more moral than 1 million dollars spent on trying to reduce your own tax burden?

It's a false dilemma Aizle. Conservatives and libertarians spend more money on both ironically enough.

Plus I don't decide what's moral and immoral with other people's money. That's ultimately their decision to make as the earned/inherited it.

Author:  Talya [ Wed Feb 02, 2011 10:01 am ]
Post subject:  Re: Re:

Aizle wrote:
Is 1 million dollars spent on charities better or more moral than 1 million dollars spent on trying to reduce your own tax burden?


Depends which you think is more effective.

Quote:
The Kochs argue, with plenty of evidence, that economic freedom and the prosperity it yields are the best things a government can offer to the poor.


I say the article quoted in the OP is mostly right, with a notable caveat.

Donations from republican or democrat, "liberal" or "conservative" are both the same thing, they are right. I also agree that a primarily laissez-faire system with very little government involvement is best for the poor. What I do not agree with is that that is what the so-called "conservative" donations are trying to secure. Both are equally "evil," not good. The intentions of both are power for its own sake; control over government and therefore society. They are both equally problematic, both propping up a corrupt system that is utterly unsalvageable.

Author:  Aizle [ Wed Feb 02, 2011 10:11 am ]
Post subject:  Re: Re:

Ienan wrote:
Aizle wrote:
Kaffis Mark V wrote:
See, that Fang guy perfectly sums up the problem, here. LIberals truly think that their influence is different.


So playing devil's advocate here. Since money in an of itself is a thing, and not good or bad, isn't the way in which you use it what determines it's moral value if any?

Or to put it in the form of a question:

Is 1 million dollars spent on charities better or more moral than 1 million dollars spent on trying to reduce your own tax burden?

It's a false dilemma Aizle. Conservatives and libertarians spend more money on both ironically enough.

Plus I don't decide what's moral and immoral with other people's money. That's ultimately their decision to make as the earned/inherited it.


It's not a false dilemma, and I fully realize that many folks contribute to both. What I'm asking is of the use of the 2, which is more moral, or is there a difference at all?

Author:  Kaffis Mark V [ Wed Feb 02, 2011 10:42 am ]
Post subject:  Re: Re:

Aizle wrote:
Kaffis Mark V wrote:
See, that Fang guy perfectly sums up the problem, here. LIberals truly think that their influence is different.


So playing devil's advocate here. Since money in an of itself is a thing, and not good or bad, isn't the way in which you use it what determines it's moral value if any?

Or to put it in the form of a question:

Is 1 million dollars spent on charities better or more moral than 1 million dollars spent on trying to reduce your own tax burden?

False dilemma or no, you're still trying to make it too cut and dry.

What is the charity, how efficient is it, and does the donor have any personal connection to it? If the charity is one that is searching for a cure for a rare, degenerative genetic disorder from which the donor suffers, and which is chaired by his wife, as a for instance, that's pretty selfish, and unlikely to help a lot of people, despite the feel-good catch words "donating to charity." What is the reduced tax burden going to be spent on? If it's expanding a business to employ more people and provide quality of life enhancing goods or services to more customers at an affordable and competitive price, I'd say that's actually helping a lot of people, despite the typical liberal boogeyman of "the rich businessman getting richer" in the process.

But what it really comes down to, is this: Who determines what's a moral use of the tool? And, more importantly, is it right for them to get to dictate whether the tool can be used at all based on their judgement? Because what's happening here is that you've got people saying "I believe I'm right, so it's okay for me to use the tool; but it's not okay for other people to use the tool to oppose me because I believe they're wrong."

Author:  Aizle [ Wed Feb 02, 2011 11:14 am ]
Post subject:  Re: Re:

To be sure, I'm simplifying the conversation down. It's a tool to explore the facets of the argument. Obviously in reality there are many nuances.

Kaffis Mark V wrote:
But what it really comes down to, is this: Who determines what's a moral use of the tool? And, more importantly, is it right for them to get to dictate whether the tool can be used at all based on their judgement? Because what's happening here is that you've got people saying "I believe I'm right, so it's okay for me to use the tool; but it's not okay for other people to use the tool to oppose me because I believe they're wrong."


That is exactly what it comes down to.

It's an interesting issue, because at it's root it's a balance between societal needs vs. individual rights. There are plenty of examples where we as a society have decided that it's completely "right" to dictate if a tool can be used and how based on society's judgement. What seems to me to be the important factor is how you use the tool. Again their are countless examples where society has dictated the "correct" or "accepted" way to use a tool.

Author:  Lex Luthor [ Wed Feb 02, 2011 12:11 pm ]
Post subject: 

99% of money expenditures are morally good because they drive the economy. Without people spending money, everyone would starve to death.

The best part about taxes is that they redistribute the wealth more so that more money is spent overall, thus driving economic growth. The second best part is they can be used to protect the environment.

Without money being spent, charities would be worthless. Charities need a strong economy to do anything.

Author:  Rynar [ Wed Feb 02, 2011 12:18 pm ]
Post subject:  Re:

Lex Luthor wrote:
99% of money expenditures are morally good because they drive the economy. Without people spending money, everyone would starve to death.

The best part about taxes is that they redistribute the wealth more so that more money is spent overall, thus driving economic growth. The second best part is they can be used to protect the environment.

Without money being spent, charities would be worthless. Charities need a strong economy to do anything.


This is totally untrue of wealth redistribution. Bill Gates has 50 billion in constantly reinvested assets which expand the economy exponentially, not 50 billion in a Scrooge McDuck-like money bin that he swims in and never circulates.

The fact that Gates is business and investment savy leads to far more economic growth than 50 billion spent by those at the bottom of the economic ladder. Spending in and of itself does not grow the economy, well directed spending does.

Author:  Arathain Kelvar [ Wed Feb 02, 2011 12:21 pm ]
Post subject:  Re:

Lex Luthor wrote:
99% of money expenditures are morally good because they drive the economy. Without people spending money, everyone would starve to death.


...

No.

Author:  Arathain Kelvar [ Wed Feb 02, 2011 12:23 pm ]
Post subject:  Re: Re:

Rynar wrote:
Bill Gates has 50 billion in constantly reinvested assets which expand the economy exponentially, not 50 billion in a Scrooge McDuck-like money bin that he swims in and never circulates.


Maybe not 50 billion, but you KNOW that dude has a money pool.

Author:  Lex Luthor [ Wed Feb 02, 2011 12:25 pm ]
Post subject:  Re: Re:

Rynar wrote:
Lex Luthor wrote:
99% of money expenditures are morally good because they drive the economy. Without people spending money, everyone would starve to death.

The best part about taxes is that they redistribute the wealth more so that more money is spent overall, thus driving economic growth. The second best part is they can be used to protect the environment.

Without money being spent, charities would be worthless. Charities need a strong economy to do anything.


This is totally untrue of wealth redistribution. Bill Gates has 50 billion in constantly reinvested assets which expand the economy exponentially, not 50 billion in a Scrooge McDuck-like money bin that he swims in and never circulates.

The fact that Gates is business and investment savy leads to far more economic growth than 50 billion spent by those at the bottom of the economic ladder. Spending in and of itself does not grow the economy, well directed spending does.


99% of spending is well-directed because people generally don't do stupid things with money. Some wealth redistribution is needed so that rich people don't sit at the top of the ladder while everyone else is ultra-poor and wage slaves. Technological innovation is stunted when there isn't a high enough demand for consumer goods. There needs to be some wealth redistribution in my opinion.

Author:  Lex Luthor [ Wed Feb 02, 2011 12:27 pm ]
Post subject:  Re: Re:

Arathain Kelvar wrote:
Lex Luthor wrote:
99% of money expenditures are morally good because they drive the economy. Without people spending money, everyone would starve to death.


...

No.


Please provide a counter-argument instead of adding white space to this thread.

Author:  Rynar [ Wed Feb 02, 2011 12:35 pm ]
Post subject:  Re: Re:

Lex Luthor wrote:
Rynar wrote:
Lex Luthor wrote:
99% of money expenditures are morally good because they drive the economy. Without people spending money, everyone would starve to death.

The best part about taxes is that they redistribute the wealth more so that more money is spent overall, thus driving economic growth. The second best part is they can be used to protect the environment.

Without money being spent, charities would be worthless. Charities need a strong economy to do anything.


This is totally untrue of wealth redistribution. Bill Gates has 50 billion in constantly reinvested assets which expand the economy exponentially, not 50 billion in a Scrooge McDuck-like money bin that he swims in and never circulates.

The fact that Gates is business and investment savy leads to far more economic growth than 50 billion spent by those at the bottom of the economic ladder. Spending in and of itself does not grow the economy, well directed spending does.


99% of spending is well-directed because people generally don't do stupid things with money.


...

Quote:
Some wealth redistribution is needed so that rich people don't sit at the top of the ladder while everyone else is ultra-poor and wage slaves.


That isn't how is works.

Quote:
Technological innovation is stunted when there isn't a high enough demand for consumer goods. There needs to be some wealth redistribution in my opinion.


Which is one of the things that actually drives wages, unlike the horse **** you listed above.

But I suppose you can just continue to shift those goal posts whereever you want.

Author:  Screeling [ Wed Feb 02, 2011 12:44 pm ]
Post subject:  Re: Re:

Lex Luthor wrote:
99% of spending is well-directed because people generally don't do stupid things with money. Some wealth redistribution is needed so that rich people don't sit at the top of the ladder while everyone else is ultra-poor and wage slaves.

No, that's not the case. As Rynar pointed out, investment helps drive the economy and provides a means of growth that the people eating hand to mouth do not. Even if money isn't invested, it still sits in a bank account which the bank can leverage against for loans.

Lex Luthor wrote:
Technological innovation is stunted when there isn't a high enough demand for consumer goods. There needs to be some wealth redistribution in my opinion.

As I understand it, this becomes less and less the case as a market approaches perfect competition. Investment provides an avenue for research that might not be available. Take a firm whose fixed and variable costs are already close to incoming revenue. If there's already a lot of competition in the market their only choice is to find ways to cut variable costs, which is usually difficult without affecting the amount they can supply. If they raise their price, then competitors will take more of their market share.

Author:  Xequecal [ Wed Feb 02, 2011 12:55 pm ]
Post subject:  Re: Re:

Screeling wrote:
No, that's not the case. As Rynar pointed out, investment helps drive the economy and provides a means of growth that the people eating hand to mouth do not. Even if money isn't invested, it still sits in a bank account which the bank can leverage against for loans.


That's assuming they're investing the money here instead of in Asia and aren't spending it on things like gold bullion which definitely doesn't grow the economy.

Author:  Screeling [ Wed Feb 02, 2011 12:58 pm ]
Post subject:  Re: Re:

Xequecal wrote:
Screeling wrote:
No, that's not the case. As Rynar pointed out, investment helps drive the economy and provides a means of growth that the people eating hand to mouth do not. Even if money isn't invested, it still sits in a bank account which the bank can leverage against for loans.


That's assuming they're investing the money here instead of in Asia and aren't spending it on things like gold bullion which definitely doesn't grow the economy.

And if they had a reason to invest it here without fear of having big taxes on any profit of it taken out of it, it would likely get rid of a lot of the perceived need for foreign investment.

Author:  Corolinth [ Wed Feb 02, 2011 1:04 pm ]
Post subject: 

The only economies that "tax the rich" grows are foreign ones.

Author:  Rynar [ Wed Feb 02, 2011 1:08 pm ]
Post subject:  Re: Re:

Xequecal wrote:
Screeling wrote:
No, that's not the case. As Rynar pointed out, investment helps drive the economy and provides a means of growth that the people eating hand to mouth do not. Even if money isn't invested, it still sits in a bank account which the bank can leverage against for loans.


That's assuming they're investing the money here instead of in Asia and aren't spending it on things like gold bullion which definitely doesn't grow the economy.


No? Investing in gold doesn't grow the economy? Gold mining doesn't involve new technologies? Jobs aren't created around extraction, research, marketing, and supply lines? There is no demand for gold?

Author:  Talya [ Wed Feb 02, 2011 1:11 pm ]
Post subject:  Re:

Corolinth wrote:
The only economies that "tax the rich" grows are foreign ones.



Indeed. There is one tax loophole that can never be closed -- "take my money the **** out of this country and go someplace with lower taxes."

Author:  Lex Luthor [ Wed Feb 02, 2011 1:36 pm ]
Post subject:  Re: Re:

Rynar wrote:
Which is one of the things that actually drives wages, unlike the horse **** you listed above.


That's it, I'm done debating.

Author:  Arathain Kelvar [ Wed Feb 02, 2011 1:40 pm ]
Post subject:  Re: Re:

Lex Luthor wrote:
Arathain Kelvar wrote:
Lex Luthor wrote:
99% of money expenditures are morally good because they drive the economy. Without people spending money, everyone would starve to death.


...

No.


Please provide a counter-argument instead of adding white space to this thread.


Explain why a farmer would starve to death if everyone stopped spending money.

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