Capitalism Rules, Socialism and Communism Suck Thread

[BananaStand]

Resentful and jealous? Do you know what these things actually mean?

here we go.....out of economic arguments so no we're on to ad hominem bullshit.

[spoonitnow]

here we go.....out of economic arguments so no we're on to ad hominem bullshit.

They can't help it.

[wufwugy]

here we go.....out of economic arguments so no we're on to ad hominem bullshit.

Correct me if I'm wrong. Is his quote of you an ad hominem that you made towards him?

[BananaStand]

Correct me if I'm wrong. Is his quote of you an ad hominem that you made towards him?

Only partially, since my comment was related to economics.

Also, I could have replaced the word Jack with "any libtard snowflake whining about income inequality without really understanding the reasons for it"

So it's a pretty lukewarm ad hominem.

The difference is I was making a point on topic....he was deflecting.

EDIT: Still waiting for Jack to contribute something economical. Tell us why socialism, redistribution, and heavy taxation of the top earners is SOOOOO much better??

[spoonitnow]

Still waiting for Jack to contribute something economical. Tell us why socialism, redistribution, and heavy taxation of the top earners is SOOOOO much better??

Answer: gimme gimme gimme gimme gimme. /thread

[BananaStand]

Answer: gimme gimme gimme gimme gimme. /thread

I'll actually give Jack some credit and say he wouldn't be so brazen. I suspect his arguments are more likely to be a list of stats illustrating cases of income inequality, followed by wild worst-case speculation about the reasons for it.

And for the bazillionth time....Income inequality doesn't matter. It's actually a good thing. It's a side effect of Income mobility, which America has in spades.

Sure european countries have lots of free shit....low income inequality....but because of all that income mobility is extremely low. When that happens, motivation dies. Why work hard, why be industrious, why take risks if you're gonna end up in the same place as everyone else who is just going through the motions?

Say goodbye to GDP growth. Say goodbye to innovation. Say goodbye to any chance of your industries being able to compete globally. Say hello to a lifetime of dependence on capitalist countries for aid.

Stuff like socialized medicine is fucking GREAT if you break your arm. Walk in, get patched up, say thank you, walk out. But if you have a serious disease that requires any kind of complex care, or frequent treatment....you are fucked. You'll wait forever for an appointment and when you finally do get it.....you get barely adequate care.

Look up the top 50 hospitals in the world......do you think it's a coincidence that some 40+ of them are in the USA??

[wufwugy]

Income inequality doesn't matter.

Nobody even has an explanation for what it means or what it entails. What causes income inequality, what does it cause? Nobody fucking knows. It's one of those things that appear meaningful on the surface but isn't beneath the surface.

Furthermore, data on income is deeply misleading. One example: capital gains "income" and labor income are VERY different (because present value), and should not be lumped together (though they are). Also a very large proportion of people far greater than 1% of people are "in the 1%". This is due to variation in life circumstances and such.

And we this isn't even accounting for the fact that more important measures of what could be called "value expectations holdings" or the like tell a much different story. For example, elderly people are wealthier than young people according to monetary and asset holdings, but you'd be out your damn mind if you thought the elderly are have better overall economic positions than the young.