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Feb 25, 2021
8:02
:39
am
Powerbait DPM
All-American
What do the rich people do with their cash when it’s not tied up? Spend it.
When that happens, someone else is earning money
This message has been modified
Originally posted on Feb 25, 2021 at 8:02:39am
Message modified by Powerbait DPM on Feb 25, 2021 at 8:03:24am
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Powerbait DPM
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Powerbait DPM studnt
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Powerbait DPM
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May 29, 2015
Last login
Jun 14, 2024
Total posts
7,741 (7 FO)
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Messages
Author
Time
A world-renowned economist gave the forum address at BYU yesterday. She spent
elmerfudd
2/24/21 7:51am
Aren't you a millionaire?
CopperLix
2/24/21 7:54am
So she's ragging on billionaires while married to one? Give up your fortune, THEN you can lecture us about billionaires.
BlueBlood94
2/24/21 7:56am
There are billionaires in Provo?
TNT
2/24/21 7:57am
Yup. he's the cofounder of qualtrics
elmerfudd
2/24/21 7:59am
Wow. Interesting
TNT
2/24/21 7:59am
Was that Ryan's brother?
jwf
2/24/21 8:09am
Wealth inequality is a huge issue but not an easy issue to address in the short
Baron
2/24/21 8:00am
and taxation never works. Education is the key
Nat Gas Man
2/24/21 8:22am
I agree with her
bluelands
2/24/21 8:05am
What was her solution. Easy to say something is a problem.
BYU71
2/24/21 8:11am
Obviously not voluntarily giving up her own wealth... rules for thee
kotacoug
2/24/21 8:20am
Probably propose higher tax rates. Sounds good but they will still
BYU71
2/24/21 8:50am
So a woman is really just bagging on her husband?
rcbyufan
2/24/21 8:15am
Wealth inequality is a real problem and it keeps getting worse, especially in
Fargo
2/24/21 8:43am
What is your solution??
BYU71
2/24/21 8:52am
I agree with you. She cited the stat we've all heard about how like the 10
elmerfudd
2/24/21 8:53am
This is not a capitalism issue, without capitalism the money these people have
Pretorian
2/24/21 9:13am
I agree capitalism IS the answer, but let’s not pretend we’ve been practicing
westcoastcoug
2/24/21 6:52pm
Ok what have we been practicing?
Pretorian
2/25/21 5:23am
Is it wealth inequality or is it that the bottom x% live in poverty? I am far
NewMexiCoug
2/24/21 8:59am
I think they’re eluding to those that don’t have enough to go to six flags...
Pretorian
2/24/21 9:15am
I'll tell you what you're missing
Blue Cougar
2/24/21 3:56pm
Um, 'wealth inequality' exists, but isn't a problem. Wealth has increased
Benfica1
2/24/21 9:14am
The rich don’t just have the money sitting around gathering dust. Most of it is
Nat Gas Man
2/24/21 3:59pm
Where if the middle class had that money, it would be...?
rtNelson
2/25/21 4:00am
Spent on existing things but no new businesses created. It is t that much money
Nat Gas Man
2/25/21 11:38am
What do the rich people do with their cash when it’s not tied up? Spend it.
Powerbait DPM
2/25/21 8:02am
exactly.
Benfica1
2/25/21 11:34am
Why do you care if someone else is successful. It is not a zero sum game.
coolblue
2/24/21 9:16am
Income inequality isn't bad if the standard of living is still
CaliforniaCougar22
2/24/21 10:13am
So let's have the government take it. They always produce good results.
coolblue
2/24/21 10:26am
Adjusted for inflation, hourly wages had the same purchasing power
CaliforniaCougar22
2/24/21 10:45am
This doesn’t factor in other benefits people clearly receive now that didn’t
Pretorian
2/24/21 11:41am
I see your logic, is it true that only the wealthy are benefiting in the current
Pretorian
2/24/21 11:35am
The current economic environment is disadvantageous to
CaliforniaCougar22
2/24/21 2:48pm
YES IT IS a zero sum game
BingoNY
2/24/21 11:29am
You do realize that money isn’t finite right...?
Pretorian
2/24/21 11:41am
What are you talking about?!!
BingoNY
2/24/21 1:21pm
Inflation.... money changes all the time in fact
Pretorian
2/25/21 5:13am
Land being concentrated in the hands of just a few is a good example of this.
Mitty
2/24/21 1:30pm
Land does make more sense here
Pretorian
2/25/21 5:25am
But everyone can get food and a smartphone and lots of other things that WOULDNT
jkccoug
2/24/21 2:23pm
Wow. Could read up on neo-feudalism and the facts of wage stagnation. It's ok
Mitty
2/24/21 1:36pm
Malthus was wrong 300 years ago and he’s wrong now.
jkccoug
2/24/21 2:24pm
RE: Wealth inequality is a real problem and it keeps getting worse, especially
Ned Schneebly
2/24/21 9:38am
Watching this video should be a requirement for commenting on this thread.
tony
2/24/21 3:58pm
How does this get 5 thumbs down? I am conservative and it is easy for me to see
CaliforniaCougar22
2/24/21 10:07am
Then watch the video I posted above. It covers the basics.
Ned Schneebly
2/24/21 11:47am
If money isn’t the most important measure, let alone the only one, why is non-
BYU'01
2/24/21 5:39pm
The way I see it, the problem is that regardless of
CaliforniaCougar22
2/24/21 7:56pm
Half of Americans pay no income tax; 1 in 10 pay 70% of all revenue
BYU'01
2/24/21 8:14pm
Wow, shocked at the thumbs down, but I guess I shouldn't be given the
Mitty
2/24/21 1:31pm
Typical
Pretorian
2/24/21 9:01am
So why again is wealth inequality a bad thing?
Hank Rearden
2/24/21 9:03am
Because some people believe that equal outcomes are possible and desirable.
cdr88
2/24/21 9:48am
If the wealth inequality gets so large that people can't catch up
Baron
2/24/21 9:57am
Catch up to what?
Benfica1
2/24/21 1:00pm
The idea behind it is that there are these people at the top with more money than they could even spend, while others
Alpi Gusto
2/24/21 10:03am
I agree with you. But when the theme is Income Inequality and the battle cry is
NewMexiCoug
2/24/21 10:51am
and what system has the best track record when it comes to Poverty Elimination?
lukeskywalker
2/26/21 11:45am
Seriously? Do words like "feudalism" and "slavery" have any meaning to you?
Mitty
2/24/21 1:37pm
Strawman.
Benfica1
2/24/21 3:18pm
It’s not about equality as much as withdrawal of large sums of money from
westcoastcoug
2/24/21 6:56pm
Your hypothesis is verifiable (& wrong). Money supply has been growing
BYU'01
2/24/21 7:27pm
I was there and this seems like a misrepresentation of what she said
y2kougar
2/24/21 10:01am
RE: I was there and this seems like a misrepresentation of what she said
WifeofCBaddict
2/24/21 10:07am
<< Deleted >>
elmerfudd
2/24/21 10:38am
Part of the problem is how we define wealth.
HenderCoug
2/24/21 10:26am
What does it mean to live a “comfortable lifestyle”? Does it mean zero risk?
StalwartBraveTrue
2/25/21 12:16am
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