The rich don’t just have the money sitting around gathering dust. Most of it is

Feb 24, 2021
3:59:34pm

Nat Gas Man Truly Addicted User

Reinvested into companies that provide jobs for the average American. Without that money there would be mass unemployment

Report problem with this ad

Nat Gas Man

Previous username: TXSmith
Bio page: Nat Gas Man
Joined: Apr 28, 2010
Last login: Aug 23, 2023
Total posts: 53,749 (638 FO)

Report problem with this ad

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?

Posting on CougarBoard