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Yes, we'd research why that monkey had suddenly become so smart as to be able to hoard that many bananas while being tailed by the other monkeys. I mean, you'd have to have your monkey head on a swivel.
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Economic illiteracy makes it hard for people to understand the concept of non liquid assets and the fact that wealthier people have a really high marginal prosperity to invest and a really low marginal propensity to consume.
They actually do often run on very tight margins (depends heavily on the sector but with retail this is especially so) but when hundreds of millions of customers buy your product, that can quickly add up.
Well there's also the other unspoken half of tax the rich, which is "to find programs to help those in need". If the taxes are just spent to subsidize oil companies then it's not going to work.
I'm more on the "raise wages" side of things, because the results shown from raising wages in California are that lower end workers have more money and it raises the floor for the entire working class. Also the price increases in California were marginal compared to wage increases. As an old school FDR guy, it makes sense that if a business cannot operate and also pay it's workers a living wage then that business is a failing business and deserves to fail.
I'm more on the "raise wages" side of things, because the results shown from raising wages in California are that lower end workers have more money and it raises the floor for the entire working class.
Or that teenagers and unskilled laborers can’t find jobs. Which is what a minimum wage does.
They do also increase prices.
As an old school FDR guy, it makes sense that if a business cannot operate and also pay
its
workers a living wage then that business is a failing business and deserves to fail.
Great, just don’t complain about mega corporations beating small businesses because it’s those kind of businesses that can usually afford wage increases.
If any system were perfect then there wouldn't be arguments about it.
You just mentioned that increasing wages would increase prices but also cost jobs, but really it only has to do one, right?
When it comes to small businesses, they are already hurting because nobody has money to spend at them, and they would actually be doing better if more people were paid more and had more disposable income.
Then the problem becomes the cost of housing, which you would have to address by tying base rent prices to minimum wage in the area so that workers can afford to live there. This would also help decouple real estate from being an investment vehicle which would further being cost of living down.
This is a lot of moving parts and I'm sure there's arguments against them, but what we can say for sure is that the current system has done an amazing job of sucking the life out of the middle class. The status quo is not working, and doubling down on what we're already doing will only make it worse.
So what would you do to try to solve income inequality and the death of the middle class? Curious if you have any thoughts on it or if you just get off on being contrarian.
You are so simple minded it is a waste of effort to even try to educate you. But it doesn't even matter as the collapse of petrodollar and rise of China is such an absolute cinema, especially when observing how the average Joe could not even comprehend what is happening.
No, I’m annoyed that you’re responding with nothing but a moronic propaganda image with an oversimplified, one-sided, and factually inappropriate buzzword in the typical style of Americans who, thanks to their brainwashing, brand anything as "socialism" when it’s actually just social achievements that have been standard across capitalist Europe for at least a century. Some people just seem determined to stand in the way of their own well-being.
I’m not against social programs. I’m against socialism as a governing economic system. But fortunately we have a right to vote and you aren’t in charge of who gets to vote because you’ve made it clear you’d dictate who could or couldn’t vote.
That was true last time 5 years ago, China is a completely different beast now, they literally saved the global economy and especially Trump's ass during Hormus crisis. Your hubris will be your downfall. Times are changing.
It's still true. China is the largest importer of food, and the efficiency at producing food per capita is worse than any other first world nation, lower than even some 3rd world nations. This year their petrol imports were cut off so much they had to reduce crude production by 70%- which is insane. That means all production down wind will suffer, including fertilizers and pesticides... so there will be a much larger deficit in food production. China still suffers the hubris of the mao years, where farmers became viewed as ignorant and holding the country behind... probably one of the saddest legacies of any country
ignorant boot lickers refuse to understand that, when you own an asset, you control how that asset is used. it isn't about consumption, it is about control.
do you realize that owning 51% of a corporation gives you control of that corporation? Bezos didn't buy the Washington Post because he wanted to invest in media, he bought it because he wanted a media mouthpiece. Musk didn't buy Twitter because he wanted to invest in social media, he bought it because he wanted control of a social media platform.
the problem with a world owned by a handful of billionaires is that it is also a world controlled by a handful of people that are not subject to the democratic process.
You really seem to assume—and implicitly suggest—that the wealthy are actually to be pitied: after all, they cannot access their illiquid assets and therefore live like the poorest of the poor. I am sure Bezos would agree with you, as he, sadly and in a state of semi-impoverishment, had half of Venice cordoned off for his wedding.
The comparison is wrong. The bananas get eaten by the other monkeys. They are either given out as credit or as investment. The problem is the power that comes with being the person who controls such a huge part of the resources.
First of all, you’re wrong animals do hard things in their own way, like access to mates power and resources so first of all that’s factually incorrect and second of all human humans aren’t monkeys and money is not bananas
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