You know what, most people don’t understand this. They think wealth inequality is bad, not realizing it is actually good. It’s not a bug in the system of capitalism, it’s a feature, and a great one. Let me explain:
First remember in economics you have two types of goods and services, consumer goods and capital goods. If an economy only spends money on consumer goods, it won’t grow. It must spend money on capital goods, by reducing spending on consumer goods, to grow.
Now consider a business where there is one owner that makes $100 million in profit per year. How much of it will he spend on consumer goods and how much will he invest back into the company (capital goods)? Well, let’s say he loves spending money but only manages to spend $50 million. The other $50 million he invests. And let’s say there are 100,000 employees in his company making $100,000. His company grows, because of the investment, by 10%, 5% of which he pays to the employees in increased salaries. So now each employee makes $105,000.
Now consider the same business but owned by the 100,000 employees. $100 million profit divided equally means each person gets a $1000 increase in salary, year 1. All employees spend the entire $1000. None invest back into the company. The company is unable to grow. Year 1 each employee makes $101k, $1000 more than employees of the greedy one owner capitalist business. Year 2 they also make $101k, since there is no growth. In year 2, the employees of the capitalist business are better off than the employee owned business.
These are the two extremes of capitalism and socialism. As you can see, capitalism leads to far better outcomes, BECAUSE OF WEALTH INEQUALITY. Rich people don’t spend all their money. Poor people do that.
The reality is of course, somewhere in the middle of these two extremes. Capitalist businesses have many owners (shareholders), and social businesses have to take some of the profits for reinvestment. But comparing the two, the capitalist business will always outgrow the socialist business. And a difference in growth of just 2-3% per year will compound and become an enormous difference in wealth between the two. The social business employees will suffer compared to the capitalist business. They will be equal, in their suffering.
If Elon succeeds and gets this pay package, it will stay invested in capitalist businesses. He won’t be spending it all on luxuries, like what would happen if that wealth were distributed to his employees, and his employees will not realize it that they are better off if he DOESNT give them his money.
This is all about russia/ukraine. Russia wouldn’t make a deal. So trump is forcing his hand. Venezuela supplied arms and oil to Russia. Not anymore. Iran? Same. Not anymore. And now suddenly Ukrainian drones have become long range artillery. What tech did Trump give Ukraine to take out Russian oil? Trump warned Putin. Putin FAFO.
@Micro2Macr0@realDonaldTrump Iran might still happen. The deal might be a delay tactic to sneak weapons into the resistance. 🤷♂️ But I am losing faith in that outcome…
@AdamSchiff They should ban mail in ballots. We cannot have a democracy where we don’t trust the results. And half the country doesn’t trust mail in ballots. Even if there is zero fraud, and it’s 100% legit, there is zero trust and the democracy fails.
@MahyarTousi I want to believe that he’s secretly sneaking weapons into rebel forces. And is waiting , biding his time, for the right moment to strike. But damn he really sounds serious about this peace deal with these lunatics.
@jaiyagill So an average amount of successful founders are of average height. Who’d have guessed? Obviously not a woman, who thinks only tall men are successful. 🤦♂️
@RealTraderJill@JakeIsHere5x5 Not at all. My wife is a Filipina and she has that shape. Not a child. It’s fine. You are too judgemental.
1 is actually skinnier than 5. Look at the gap in the thighs. 5 is just smaller with less curves. It’s a common body type in Asia.
@RealTraderJill 2,3,5,1 in that order. My wife is a 5, her choice not mine. 4&6 are too big and start to lose attractiveness. Their not terrible, but not preferable either.
All that logic in your brain and you are still retarded. You are smart enough that you can convince yourself of anything, even if the conclusion is retarded.
You just compared black adults to children. 🤦♂️ how demeaning and a completely racist way to view the world. You don’t hear yourself, do you?
@SShepherd22112@KayFAM33@WhiteHouse If an entire group of people chose to be terrorists then their existence is already invalid because they made it so.