[quote]phaethon wrote:
[quote]Chomskyian wrote:
The idea that anyone who works hard can become wealthy is a crock of shit. It’s impossible that the 42 million people on food stamps could all become millionares; there’s only so much money to go around. When so much wealth is concentrated at the top, mass poverty is inevitable at the bottom. Again, if we had a working democracy things would be different. Right now the wealthy run the country, so naturally it is run in their interests, not in the interest of the “people.”
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The unemployed do little productive work
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The reason so much wealth is concentrated at the top is because of debt and consumerism. People live outside of their means so they can buy the latest shit. This makes them beholden to the government or to a corporation for a job. Because of this wages can be kept low. Basically it is the government and corporations with the power.
Imagine if every person in the USA had enough money to provide for themselves completely for 6 months. Wage growth among the lower classes would sky rocket and money pocketed by the ultra rich would drop. Simply because the poor could demand higher wages because they have a better bargaining position.
If the poor changed their attitudes then within a generation we could easily have those 42 million people well off. Saying there is only so much money to go around is silly. It simply relies upon strong family and marriage ties and a solid work ethic to make it happen.
Consumerist culture + debt is destroying generations of hard work.[/quote]
I would also like to add that absolute numerical value of money is actually entirely meaningless. Referring specifically to:
If you have $100,000 and bread cost $2 a loaf–it did in some recent past!–than you are 50,000 loaves of bread rich. NOW, as we’ve seen, bread prices seem to always rise–thank you Federal Reserve! So, when bread is $4 a loaf, you are 25,000 loaves of bread rich OR 25,000 loaves of bread poorer than you were before. The bread is identical. The money is identical except that it’s value is now 2x less than before.
So, it has nothing to do with how many zero’s are in anyone’s bank statements. It has everything to do with what the money can buy. How much physical money to go around is irrelevant. It is all about production. The more goods in the economy, the lower the prices of that good because an equal number of dollars should be chasing an increased number of goods.
It is all about production or productivity to echo phaethon’s first point. The more people we have who do not produce or are not productive, the poorer they will get for sure but, the poorer we all get.