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I've read it several times, and you have stated opinion as fact, but provided no support.
If $100 is spent in the US it adds $100 to the GDP, plus the additional economic activity created by spending that $100.
If $100 is remitted to another country and spent there, I don't see how that adds much to the US GDP.
I think a case could be made that $100 spent in a poor country would boost global GDP more than $100 spent in a rich country, but I don't think one could make a case that it helps the rich country more than spending the $100 there.
Correct. It is science. Don't be a science denier.
Ok... explain that. If <50% of people get income from stock (and of that ~50% <50% have enough...) and we need >10 consumers per worker... where does the purchasing power come from for people that don't own stock and don't have a job? How exactly is that going to 'work out'?
Your scenario is fiction. Can't answer fiction with science.EXACTLY!!
So you can't answer 'how?' with 'Economics!'....
The only problem with this is that new technology requires vision, investment, and first adopters. So if Musk couldn't fund Tesla, and early adopters couldn't purchase the more expensive Roadster, there would be no BEVs, no SpaceX, no solar roofs. It's true though that the majority of wealthy spend far to much on manipulation and short term profits at the expense of the environment and society. I don't know how to reward the innovators and visionaries and at the same time restrict the fascists and the greedy.But her arguments are sound. Surplus money allows some people to exercise inordinate power over others: in the workplace; in politics; and above all in the capture, use and destruction of the planet’s natural wealth. If everyone is to flourish, we cannot afford the rich. Nor can we afford our own aspirations, which the culture of wealth maximisation encourages.
When I've started businesses, I've found that money is not the problem. You can usually find enough money to bootstrap an idea.The only problem with this is that new technology requires vision, investment, and first adopters. So if Musk couldn't fund Tesla, and early adopters couldn't purchase the more expensive Roadster, there would be no BEVs, no SpaceX, no solar roofs. It's true though that the majority of wealthy spend far to much on manipulation and short term profits at the expense of the environment and society. I don't know how to reward the innovators and visionaries and at the same time restrict the fascists and the greedy.
I agree for the most part we don't need rich. However, I just can't see any bank or investment company funding either Tesla or SpaceX when they started. Both tend to favour something with a proven track record.When I've started businesses, I've found that money is not the problem. You can usually find enough money to bootstrap an idea.
Large industrial enterprises like Tesla are a bit different. However, rich people are a poor source of funding. Banks and investment companies (pooling the resources of a lot of small investors) are much better.
We don't need the rich.
Elon put all of his wealth into Tesla because no other funding was available to save the company.We don't need the rich.
Elon is a unicorn. Most of the wealthy just park their money in "safe" investments. Elon put it all on red because he had a mission to save the world; almost lost it all but now looks to be a success (now able to attract lots of that "safe" investment money).Elon put all of his wealth into Tesla because no other funding was available to save the company.
Irrelevant.We also need to remember that Elon didn't start Tesla. It was started with a relatively small amount of funding.
He saved the company when it almost went bankrupt.n came in at a crucial time to provide direction and vital funding to scale up the company
He got rich people to buy his expensive S and X to fund the 3. The 3, Y, pickup, and Semi are going to save the world - not the S or X.Elon put all of his wealth into Tesla because no other funding was available to save the company.
He got rich people to buy his expensive S and X to fund the 3. The 3, Y, pickup, and Semi are going to save the world - not the S or X.
Brilliant.
If you'll read TFA, you'll see that this is not about screwing the rich but rather about preventing the rich from screwing us,Screw the rich!
I mean the really rich!
No, I mean the really really really rich!
Actually, I mean really really really super uber rich!
Ya, now I got it, that's it!
If you'll read TFA, you'll see that this is not about screwing the rich but rather about preventing the rich from screwing us,
You had me at "Screw the rich!". Everyone agrees with that, and "the rich" is anyone that has more money than I do.Screw the rich!
I mean the really rich!
No, I mean the really really really rich!
Actually, I mean really really really super uber rich!
Ya, now I got it, that's it!
Getting rich was not a priority. It was more about taking care of family and community.Reminds me of a story of two young boys growing up in Italy.
The first boy sees a fancy red Ferrari drive-by and points it out to his father. His father responds "there goes a thief, he is a thief I tell you"!
The other boy sees the fancy red Ferrari drive-by and his father's response was more in the line of "if you work hard and save your money there is a chance that you also could have one of those too".
What type of father (upbringing) did you have?
Getting rich was not a priority. It was more about taking care of family and community.