The Soapbox

Los Angeles Hoo

Joined: 03/05/2014 Posts: 19567
Likes: 29837


Wealth is infinite, however...


Wealth is created, and there is no limit to how much can be created.

The beauty of capitalism is that it uses the human inclination to act in one's selt-interest for the benefit of society at large (generally speaking). In a capitalist system, one can only become wealthy (legally) by serving the needs of others -- i.e., providing a good or service that other people are willing to pay for. The vendor benefits by creating wealth for himself by selling his work product at a profit, and the buyer also benefits by receiving something that they value more than the money used to pay for it, thus increasing their own wealth. The incentive to create wealth is driven in part by taxes on that wealth-creation -- the higher the tax, the lower the incentive, and vice versa.

Bezos is obscenely wealthy, yes, but he also created one of the greatest inventions of all-time, which has benefited mankind greatly -- that's why hundreds of millions of people use it voluntarily. I'm no fan of him personally or his politics, but I have no problem with his wealth. He earned it. He took a huge personal risk to start Amazon, and it paid off. Anyone else could have done the same, and many tried and failed or achieved lesser success. Good for him. His success will spur others to take risks to create other great inventions, thereby benefiting society.

Your last paragraph looks at an issue -- "federal services" -- through a different lens than I do. You look at is as though person B is entitled to those services, but person B is not entitled to those services. Those services are only provided via the confiscation of someone else's wealth. That's not a right -- it's socialism, communism, theft or whatever else you want to call it. Your real complaint is that other people don't want to use their own money to pay for the things you think they should pay for. I'd say that's an issue with you (however much your heart might be in the right place), not with them.

[Post edited by Los Angeles Hoo at 06/09/2021 12:27PM]

(In response to this post by HoodatB)

Posted: 06/09/2021 at 12:18PM



+0

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Current Thread:
  Tax cuts don't transfer any money to anybody. They... -- Los Angeles Hoo 06/09/2021 11:23AM
  That guy sounds smart. :) And, yes... -- Los Angeles Hoo 06/09/2021 11:58AM
  It's providing more power to the super rich. -- HoodatB 06/09/2021 11:31AM
  Wealth is infinite, however... -- Los Angeles Hoo 06/09/2021 12:18PM
  Some good points there -- HoodatB 06/09/2021 3:15PM
  Good comments... -- Los Angeles Hoo 06/09/2021 8:09PM
  Trump supporters don't understand much ** -- HptHokie 06/09/2021 11:06AM
  Exactly -- simple, fair and effective. ** -- Los Angeles Hoo 06/09/2021 11:25AM
  There we go Z. ** -- Lazarus 06/09/2021 09:54AM
  Always on Hokie. +1 You are a credit to your race. -- Lazarus 06/09/2021 09:55AM
  You make me blush Laz ** -- 81_Hokie 06/09/2021 11:43AM
  Smart fucking Hoakie ** -- Tuckahokie 06/09/2021 10:23AM
  81 is that type of unicorn for sure. -- WahooRQ 06/09/2021 11:33AM
  What are the odds? ** -- HoosQ 06/09/2021 10:47AM
  1 in 34,440 ** -- Tuckahokie 06/09/2021 11:01AM
  Also you cant take consumption spent overseas -- Zhoo 06/09/2021 09:47AM
  See Boca's post below concerning tax on wealth vs income... ** -- Folly Beach Hokie 06/09/2021 09:12AM

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