Capital is more like stored labour. The first ever capital was just a starp stick or spear. Someone spent labour and it resulted in a more productive way to hunt animals. This almost immediately would’ve resulted in inequality as the spear hunter caught more game. It’s not that the capital was taking anything from the labourer, it’s actually that capital and labour work really well together and humans are more productive with capital.
You’re also taking a snapshot of the most regulated industry in the US. Building high rises is illegal in huge swaths of urban areas. Before we say the free market isn’t providing an answer cab we actually try it? I’m talking removing exclusionary zoning, speeding up the permit process and reducing the power of local action committees, and reforming the broken heritage process that’s used by rich people to keep their areas from densifying.
Curious why you made the distinction about real personal income when it is also rising. I agree wealth inequality is rising but not that it is coming at the expense of real personal incomes.
The long-term trend is that the average person’s income is rising but we’ve seen recent declines due to high inflation. Can you expand on your line of thinking? I’m not sure I follow your reasoning.
Most households living below the poverty line have at least one unemployed person, so giving people jobs is pulling them out of poverty. Whether or not they are treated fairly at work and are satisfied with their working conditions is another story.
My parents never could’ve either but $500k household net worth only puts you in the top 20% of households so it’s not like they were exceptionally wealthy and we don’t know if they borrowed to invest or what exactly their specific situation was. Miguel Bezos was a Cuban refugee and then worked as an engineer for Exxon and Jackie Bezos was a secretary so i mean this is pretty middle class IMO.
That doesn’t mean that all billionaires clawed their way to the top as i mentioned above, or that we shouldn’t make progressive changes to the tax code. It’s just important that we separate truth from fiction to make educated decisions.
Starbucks CEO Howard Schulz grew up in a Brooklyn Housing project, George Soros survived the holocaust and worked waiting tables, David Murdock of Dole Foods was homeless. There’s tons of examples.
Here’s a fun article that ranks the whole Fortune 400 list. 80% of them inherited their wealth or at least grew up middle class.
Jeff Bezos actually scores high on the list because his Mom had him when he was 17, he flipped burgers in high school and by and large did not grow up rich.
What do you think he’s saying here?
You didn’t read the article you linked. In it Walter Block states that slavery violates the non-aggression-principle and is not permissible under libertarianism.
This is not at all a debate in libertarianism. Libertarians recognize the role of a limited small government to protect individual rights. Like please pull up one example of this debate going on in a libertarian space.
Libertarians don’t believe murder should be legal and crazy shit like that. Libertarians believe in a guaranteed freedoms like freedom of speech, economic liberalism and are often social progressives who believe in gay marriage and drug legalization.
The bill of rights was brought to you by libertarians.
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That situation is a bit different. Oil Companies performed proprietary research internally and promoted those results as scientific. Whereas, the implication in this post here is that anyone who ever worked for an oil company in climate science can no longer do climate science for an agency.
The insulin response you’re talking about is very small and it doesn’t lead to a chain reaction.
I think it’s sort of a catch 22. The people that tend to be the most knowledgeable about a particular science often have industry experience doing the exact thing you want them to study now. The idea that people could study the effects of aspartame for decades but are now “tainted” because they used to work for a soda company doesn’t necessarily square up to economic reality.
If however, you choose to put your foot in the sand there you’re going to have a bunch of people on a committee that have no idea what they are doing (which by the way people will also criticize you for) Remember when Trump appointed senior cabinet positions to people with completely unrelated experience? Such as Ben Carson (a former medical doctor) being appointed secretary of housing.
It’s a lose/lose situation I’m not sure what you all are expecting.
Hey, wanted to level-set with you real quick. Some people in the office have commented that they see you playing ping pong quite a bit. I know you’re just playing on your breaks but It’s really not a good look.
Thanks for the chat.
Rome was a republic for like 500 years.
How do you feel about scary movies or violent video games? Same thing?
What socialist societies that have existed have lasted a long time?
I guess if you think about it that way then everything is luck and we live in a deterministic world where none of your choices matter. That still wouldn’t support the argument in the OP meme though.