Bill Gates - Economic moron
Posted by Robbie53024 9 years, 4 months ago to Economics
According to Gates, someone who spends money on goods/services, is not delivering as much value to society as one who is investing in their business. But if there wasn't consumption, then the investment in business would be wasted. Economic moron.
A little Econ-101 teaches us that Investment is the driving force behind the multiplication of wealth. Also you are correct that investment into production without consumption of the product results in useless inventory, the consumer does in fact 'degrade' that which was produced, but they do create Demand.
The whole issue of Charity, as in the transfer of Wealth without expectation of Return, can at best be lateral, and at worst be destructive to GDP if the proceeds are spent poorly.
You can disagree with Gates on many issues, you can say he's wrong, foolish, brainwashed even, but he's no moron. ;^)
You keep trying to confuse the issue.
And yes, that's exactly what I'm asking. That line between evil and middle class seems to depend on your own personal perspective.
$15.25 an hour...
It is for the capitalist middle class to pay for what they did not build until that class is finally eradicated.
That is the way to achieve the true equality that shall bring the long dreamed-of Utopian State into full fruition.
Fist salute time, y'all! Hold that salute on high and cry to the top of your lungs: "Power to the people!"
And that felt so good. Say it did.
Another example of well-meaning programs, running amok, and now they generate too much tax revenue to kill. Flat rate, would be a lot better.
In 2009, property taxes were reported to be US $1.063 million on a total assessed value of US$147.5 million.
Free markets are more equitable since monopolies are very hard to form without state sponsor. A free market in money would control inflation much better thus helping the poor tremendously.
Bill Gates has become so out of touch he does not even remember how he became so wealthy
I wish folks would look at the full context of what is written.
As has been said and proven by centuries of demonstrated examples: Power tends to corrupt, absolute power corrupts absolutely. One of the reasons our founders tried to craft a system with very little power, or at least little in any particular branch.
If I weren't so dependent on Windows...I'd boycott him as I'm already doing to Amazon.com for the same reasons.
I agree. All national borders should be immediately dissolved and all work should go to the lowest bidder.
Please explain to me how though we are to operate fairly when the only nation that has dissolved its border is Amerika
I will not dissolve the border at my front door, and
anyone not invited in will be confronted directly.
a nation is an extended family, with inherent worth,
based on culture and constitution and laws and
shared "ideological wealth" ... and we need not
share willy-nilly;;; I will not adopt a person just
because they want to be adopted. -- j
p.s. oops -- the "sir" was presumptuous;; apologies
if errant term.