Zebo
Elite Member
- Jul 29, 2001
- 39,398
- 19
- 81
Biggest thing you're missing is Capitalism moves wealth from the labor that creates it to the owners who accumulate it. Simple as that. Any millionaire will tell you the first million was the hardest after which it's easier due to what you control not how hard you work. I work 2 hours a day I have employees open & close my store but still make more. Over time control of capital enables them to control politics, banking, and job creation and pay nothing to workers because there's more workers than capital. Owners have succeeded in getting it all many many times and spawned a revolution because all of a society's productive assets and policies are controlled by a small elite.
You can control this natural shift w/o bloodshed with mechanisms to move wealth from the top back to the bottom. e.g. labor unions...SBA loans..SBA grants....progressive taxation etc... This capitalism with socialist undertones is why America was just amazingly prosperous from 1945-1975 almost to the bottom of society. But we're into the "low tax" or "no tax" minimalist government off-shoring mindset. I expect Wall Street is training Indians as we speak to take over banking and accounting too. Americans cost too much in a 100% capitalist mindset.
The worst part is a guy like me depends on having a large middle class to make any money. I perform a service and without demand I go broke. I suspect even the biggest business is the same. So it's not a zero sum game having a well paid and educated workforce we all bring each other up.
I'm sure when Eisenhower was taxing 92% on millionaires to build HWYS they were furious - then they figured out how to make trillions in tourism, cars, auto shops, agriculture gas stations etc those roads provided.
I'm sure when Bill Gates dad who owned 3 banks was taxed high he was furious. But then Billy III fiqured out how to use 100,000 college educated and build the largest software company world has ever seen he was pretty happy. Go try and open a Microsoft in haiti I dare ya.
Not zero sum game.
You can control this natural shift w/o bloodshed with mechanisms to move wealth from the top back to the bottom. e.g. labor unions...SBA loans..SBA grants....progressive taxation etc... This capitalism with socialist undertones is why America was just amazingly prosperous from 1945-1975 almost to the bottom of society. But we're into the "low tax" or "no tax" minimalist government off-shoring mindset. I expect Wall Street is training Indians as we speak to take over banking and accounting too. Americans cost too much in a 100% capitalist mindset.
The worst part is a guy like me depends on having a large middle class to make any money. I perform a service and without demand I go broke. I suspect even the biggest business is the same. So it's not a zero sum game having a well paid and educated workforce we all bring each other up.
I'm sure when Eisenhower was taxing 92% on millionaires to build HWYS they were furious - then they figured out how to make trillions in tourism, cars, auto shops, agriculture gas stations etc those roads provided.
I'm sure when Bill Gates dad who owned 3 banks was taxed high he was furious. But then Billy III fiqured out how to use 100,000 college educated and build the largest software company world has ever seen he was pretty happy. Go try and open a Microsoft in haiti I dare ya.
Not zero sum game.
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