05-12-2011, 09:27 AM
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I'd rather be on my boat.
Industry Role:
Join Date: May 2003
Location: Miami, FL
Posts: 9,748
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Originally Posted by wig
There's some truth in this, but it's not quite that lopsided.
Adam Smith's invisible hand libertarians are as deluded as the believers in strict central / top down control.
Economics is not a hard science. It is a dynamic phenomenon subject to all sorts of factors and the balance point is somewhere near the middle of these extremes.
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Fair enough. Then what were your thoughts regarding my original post?
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Originally Posted by Bill8 View Post
so explain to me why losing any one wealthy person or any thousand wealthy persons hurts this country, where there are hundreds of thousands happy to take their place, hungrier than them to create businesses?
anyone who would leave wasn't going to contribute anything anyway, and had already decided to fuck this country, so in what possible way are we harmed by seeing them run?
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No offense to you personally, but this may have been the silliest post I've seen in a long time. Wealth is not a zero-sum game. Nothing is stopping those "hundreds of thousands" from starting their own businesses. Having rich people around to invest in those startups actually helps them!
If you become rich it's not because someone left and you took their place. If a millionaire leaves the country, and a burger flipper moves into his house, does that mean that the guy flipping burgers is now going to generate huge amounts of income? Is he suddenly going to come out with a new smart phone, or open a chain of restaurants, or come up with a new mass cargo technology?
Great wealth is created by the people that are smart enough, creative enough, work hard enough, and are willing to take enough risks, to create a product or service that fulfills a need so large that a huge amount of wealth is generated. It's not some fixed "pie", whereby when you have more, someone else has less.
When someone like you advocates pushing out all of the producers, you will definitely NOT want to live in the state that you will have then created. You will end up in a situation where all you have is a languishing status quo, with no advancement from there on, which will eventually decay into total entropy.
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