Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (766521)	1/28/2014 6:46:43 PM
From: Joe Btfsplk	Read Replies (1) \| Respond to of 1575798

An extra $428 per person for the poorest 3.5 billion people would be a tremendous boost to the world's economy...cause a boom that would last for years If I had the ability to thoroughly address the depth of your error I'd surely lack the patience. Any benefits under your scenario would begin a rapid dissipation the day it occurred, then ruin. Your confusion probably results from the alchemist nonsense that Keynes and his disciples introduced that found purchase in a miserably deficient educational system and the resulting media institutions. If you examine history you'll find no instance where purloined money strewn about led to good result. Learning what money really is might furnish one path to understanding. Money is not wealth; until too inflated it is a claim on wealth, the language of commerce that conveys bytes of information in the unknowable complex process chains that generate wealth over time. We today use the same resources available to our ancestry in millenia gone. We do better thanks to the evolution of capitalism that began a mere five centuries past, with wide benefit to the poorest only commencing a few decades ago. Where alternatives have prevailed results have ranged from inferior to tragic. This is a complex subject that takes years to understand. There are some knowledgeable posters (on the right) here who offer the occasional bread crumb leading to worthwhile trails. You might try following some.

To: combjelly who wrote (766521)	1/29/2014 1:33:58 PM
From: Tenchusatsu	Respond to of 1575798

CJ, An extra $428 per person for the poorest 3.5 billion people would be a tremendous boost to the world's economy. For one year. Then we're back to where we started. You didn't read the rest of the quote: On the other hand, if the $1.5 trillion expropriation was invested at, say, 5 percent it would be a perpetual gain of $21.40 a year to each person in the poor half. Good, and prudent. But wait: it is a gain of only about *half of 1 percent per year* of the $4000 of present-day annual income per person, and less and less as the poor countries grow towards the blade of the hockey stick. We can’t make the poor much better off by taking wealth or income from the rich. Tenchusatsu