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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: zzpat who wrote (1064312)	4/8/2018 5:22:33 PM
From: longnshort	1 Recommendation Recommended By FJB Read Replies (1) \| Respond to of 1577207

Berkeley Falsely Teaches Students That Americans INVENTED Slavery 8 louderwithcrowder

To: zzpat who wrote (1064312)	4/9/2018 2:10:51 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1577207

No, you have that wrong. Redistribution of wealth is taking from one group to give to another. The victim who has money taken from him gets nothing in return to compensate him for his loss. Investment and capital formation are entirely different and are not forms of redistribution. For example, I deposit my cash in a bank and get an expected return on that of about 1.25%. I think the risk of losing my money is sufficiently low and the benefits of having the liquidity to run my life as well as the rate of return that I will park some cash at the bank willingly. The bank turns that around and lends my money to others for 6% and pockets the difference as their profit. They are taking a risk of default to make that return and they do that willingly. That money is earned, just as my 1.25% is earned. Then the person who borrowed the money has a choice on what they use that money for. If they are borrowing for current consumption, then they are being irresponsible and they will pay the consequences of being too indebted. If they are borrowing to start a business or other venture that has the possibility of earning a return, then they are making a calculation that the risk of not being able to pay the money back plus the interest they have to pay on the loan is worth the reward that they will get if their project pays off. That is the essence of Capitalism. Everyone in the chain is making the risk/reward payoff decision willingly with no coercion. If anyone in the chain loses money, because their choices weren't as good as they thought, then they are fully responsible for their own actions. No one was coerced into doing anything in this Capitalistic chain. Money is ALLOCATED, not redistributed, in Capitalism. There is a difference. Money is allocated to where it can be best put to good use in our economy in Capitalism. Redistribution, on the other hand, is not a process of choice. Someone with power is taking something from one group by force and then giving it to another favored group. That is Socialism's redistribution. When that redistribution happens, almost always, it is used in unproductive ways, because no one in that chain is doing a cost benefit, risk reward calculation. Misallocation of capital always happens in Socialism. That's why we don't call it allocation of capital, but rather, redistribution of wealth. So you are absolutely wrong to say that the institutions of banks, stocks markets, and Capitalism wouldn't exist without redistribution of wealth. On the contrary, those institutions are created through natural capitalistic processes, but they are perverted and destroyed by Socialism. As an example, the biggest redistribution of wealth in our country is the Federal Reserve. They have so perverted our Capitalism in this country through their Quantitative Easing and abnormally low interest rates, that the real price of money is unknown and misallocation across not just US investments, but the global investments that are pinned to the price of the dollar, have become epic in scale. For this reason alone, I say that Capitalism in the way I think of it, no longer exists in the US. We have a centrally planned economy that looks one hell of a lot like Karl Marx's wet dream. Socialism and Communism have corrupted the US to the point that what remains of Capitalism in the US is almost not able to overcome the inefficiencies from the misallocations of capital, the cronyistic concentrations of wealth from lobbying, the tech monopolies from lack of FTC actions, and the profligacies of Congress enabled by low interest rates from the Fed. In truth, the US is Fascist, Communist, Socialist, and Oligarchic, all rolled into one ball of hellish consequences. Capitalism isn't playing the largest role in our country anymore. It is why I no longer believe in either party. Both the GOP and the DNC are part of the problem, not the solution. Trump was the only candidate who gave me hope that he would break a few things, which is better than maintaining the status quo that always comes with the GOP and DNC. The more our government is broken up and slimmed down, the better off "We the People" will be. The more our government behemoth grows, the less accountable to us it becomes. "Citizens United" is a great example of how power begets power and large governments always create more concentrations of power, which begets a larger government. It's a circular cluster feck that is bad for citizens.