Jump to content

The rich are getting richer


Recommended Posts

Wonder on Stanley. I love it that you are so endlessly fascinated.

 

What degree did you work through in the 70's? You're not shy when it comes to telling us you were a miner and a steel worker and you invested all your redundency money in apple so you can live happily and pay for your cruise ship holidays via your part time security guard job. Come on xenia tell us what you got your degree in?

Link to comment
Share on other sites

I could show you several families that have never worked yet afford holidays, cars, booze and fags, I have no idea how they manage to get so much out of the benefits system, when the only time I ever tried to claim benefits, I didn’t qualify.

 

I'm still waiting MrSmith.

Link to comment
Share on other sites

Excuse me, I am relatively wealthy and I have never "fiddled". Please do not let your preconceptions or the brainwashing you have been given by the "Socialist Worker" fool you.

 

People are rich because they work hard and invest wisely. Anyone who doesnt stick to the rules is a criminal, you know, like beneits cheats.

 

No, You're wrong. There are plenty of people with inherited wealth who've never done a day's work in their life. There are also a lot of people who are no better than criminals who've made vast sums of money by stretching the 'rules' to make sure they prospered at other people's expense. They're called bankers, and in the USA many of them are now in prison.

 

There are also millions of people who've worked hard all their lives, who, through circumstances not of their making, have ended up with very little.

 

Then there are the vast majority have worked hard, paid there taxes, saved what they could, but probablyy never had enough security to gamble what little they had on the stock market. These are the people who are looking at rubbish pensions,(thanks to the bankers,) poor interest rates,(thanks to the bankers,) and a government who wants to take every last penny they have to look after them when they are old and ill and need help. No passing their wealth on to their children...

Link to comment
Share on other sites

But, as a broad principal the harder you work, the wiser you invest, the richer you are.

So equally, as a broad principal, poor people are not hardworking? They're poor because they're lazy?

 

Poor people tend not to invest at all, neither wisely nor badly, so I don't think that point stands.

Link to comment
Share on other sites

So in a Capitalist society [...] is it not the government's responsibility to regulate to minimise the boom and bust effect and to help balance things out by taxing in the good times and borrowing in the bad times?

That sounds like a wonderful ideal. Sadly, it's never quite worked liked that. ;)

If that is so it seems to me that Labour have been less successful at that than the Tories.

Yet the Tories had their own economic troubles. They ran at a small surplus for a little in the late 80s.

Brown's one single megabust which may take a decade to get out of.

I'm not going to put any effort into defending Brown, politicians are paid well enough to defend themselves, but anybody in government at that time would've had trouble. The banking system collapsed. America had similiar trouble with the Republicans in government, so it's not limited to any strong ideal of "Brown throwing money away".

Link to comment
Share on other sites

No, You're wrong. There are plenty of people with inherited wealth who've never done a day's work in their life. There are also a lot of people who are no better than criminals who've made vast sums of money by stretching the 'rules' to make sure they prospered at other people's expense. They're called bankers, and in the USA many of them are now in prison.

 

There are also millions of people who've worked hard all their lives, who, through circumstances not of their making, have ended up with very little.

 

Then there are the vast majority have worked hard, paid there taxes, saved what they could, but probablyy never had enough security to gamble what little they had on the stock market. These are the people who are looking at rubbish pensions,(thanks to the bankers,) poor interest rates,(thanks to the bankers,) and a government who wants to take every last penny they have to look after them when they are old and ill and need help. No passing their wealth on to their children...

 

How is he wrong?

 

Are there no rich people who have worked hard and invested wisely?

Link to comment
Share on other sites

How is he wrong?

Are there no rich people who have worked hard and invested wisely?

That wasn't his statement though. xenia said:

 

People are rich because they work hard and invest wisely.

Hard work and wise choices aren't the only routes to wealth, and sometimes hard work and wise choices don't have the outcome of wealth.

 

It's an ambiguous statement, for what exactly is "hard work" and "wise investment" anyway. It's an easy stock answer to very large questions.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.