#28
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Re: Is zero-sum the default economic position?
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economy is positive sum righty? you seem billionaire friendly. the majority of the gains from their investments go to ibanks and themselves because most of the time they are transferrig ownership of existing shares with some other rich git and not actually generating increased investment in the company. [/ QUOTE ] I <3 billionaires. I'd easily throw a hundred random poor people off a cliff to save a billionaire's life (assuming that his money was made principally through free market principles). Billionaires do not consume all of their income. That's ridiculous. If they did not constantly reinvest in capital, they would not be billionaires in the first place. Seriously, if they wanted to consume their income, why is Bill Gates still in business? He made enough money to buy enough gold-covered airplanes loaded with hookers and blow for the next three generations; why did he stay in business? Do you really think he's sitting around wondering whether he's financially ready for retirement? Those are the priorities of the poor and middle class; not the rich. Billionaires want to be wealthy, acquire more wealth, and keep growing. They enjoy it. Look how long Warren Buffett stayed in business. When they make money, they reinvest most of it, and everyone else makes money too. |
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