Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy who wrote (364265)	12/26/2007 4:13:01 PM
From: tejek	Read Replies (1) of 1575904

My point is they are not paying enough and that allows them to accumulate wealth faster than the rest of the population. What's wrong with one group accumulating wealth faster than another? That seems to be the crux of your objection. We've been talking of wealth in terms of a pie.....which represents all the money and resources in this country. When one group acquires more wealth and resources of that pie at the expense of other groups, the other groups naturally suffer. In the past the accumulation of the richest was more in keeping with the rate the whole pie was expanding.....always faster but not that fast. In recent years, the rate of accumulation by the richest has accelerated considerably, meaning more wealth than normal has accrued to the elite and been taken from the lower classes....hurting them significantly in the process. This happens periodically, but its particularly bad right now. And keep in mind that over time, the wealthiest 1% have always been accumulating more and more of the nation's resources and their position vis a vis the other classes has always gotten better. However, its only when the accumulation rate speeds up does the disparity become noticeable. What's wrong with that? Well the more wealth in the hands of fewer people means we become less of a democracy. Fewer people control what's happening in the country. It becomes rarer and rarer for one of the non wealthy to get elected to national office. It still happens......see Bill Clinton. However, most people running for national offices......particularly the Senate and the presidency are millionaires. Unfortunately, in a capitalistic society, wealth equals smarts and competence.....which isn't necessarily true at all. As a strong proponent of democracy, this scenario is objectionable. There is more......once you see the weakness of what we are taught growing up, you begin to see more and more the flaws of our system, but the first step is seeing that capitalism is not as democratic as would appear at first blush.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next