Even Billionaires Love This Guy’s Book About Inequality
- Thread starter 88m3
- Start date
Brown_Pride
All Star
The more and more we read and apply history to the importance of income and wealth inequality the more and more the wealthy need to read up on the long term sustainability of what it is they are doing.
They don't have to give money to anyone, someone who had the head on their shoulders to make that much money doesn't have to do anything with there money...but they should, and not because of altruism, but because ultimately it's what's good for them and theirs in the long run. regardless if you see this as an issue NOW history has shown us that this gap has been one of the driving forcs behind empire decay since the dawn of time.
add in the altruism and it only makes more sense, you can't take it with you and chances are your seed is going to squander it anyway. I mean really after 1 billion everything else is just about bragging.
They don't have to give money to anyone, someone who had the head on their shoulders to make that much money doesn't have to do anything with there money...but they should, and not because of altruism, but because ultimately it's what's good for them and theirs in the long run. regardless if you see this as an issue NOW history has shown us that this gap has been one of the driving forcs behind empire decay since the dawn of time.
add in the altruism and it only makes more sense, you can't take it with you and chances are your seed is going to squander it anyway. I mean really after 1 billion everything else is just about bragging.
Where does the idea that nations are "sustainable" come from 
especially large and powerful ones?
especially large and powerful ones?philmonroe
Superstar
This sounds good but on stuff like this if you not a Bill Gates or somebody else that has money and is giving it away its hard to take that serious.
it's power by attrition
meaning when no one else has money they have no power in the capitalist society
so taking money from them keeps power over them in your hands
Suicide King
#OldBlack
Why is everyone stuck on this giving money away nonsense? It would be silly to trade one status quo (i.e. selfishness) for another (i.e. altruism).
88m3
Fast Money & Foreign Objects
Is this a serious post?
:zfg:
Brown_Pride
All Star
it's not selfishness vs altruism, it's shortsighted selfishness vs long terms selfishness/pragmatism (long term stability)
Giving people, other peoples money does not fix inequality and/or poverty 
Domingo Halliburton
Handmade in USA
:zfg:
Domingo Halliburton
Handmade in USA
I didn't read this thread but if you want to make money buy the stocks Carl icahn does
Futuristic Eskimo
All Star
I wonder how much money Icahn has made because people actually do this, though. We are making him richer by following his trades
Domingo Halliburton
Handmade in USA
I wonder how much money Icahn has made because people actually do this, though. We are making him richer by following his trades
yeah
they tax the shyt out of what he used to do in the 80s...that greenmail shyt doesn't fly anymore
Suicide King
#OldBlack
it's not selfishness vs altruism, it's shortsighted selfishness vs long terms selfishness/pragmatism (long term stability)
My argument is salaries have been stagnated since the 80's. Last time we had this much inequality we had the great depression.
Since the 80's salary growth has remained relatively flat, this is what needs to be addressed.
When I graduated in 2005 from pharmacy school, Walgreens was starting pharmacist at $92,500 a year.
CVS just recently bought out Eckerds, and they were started pharmacist at $107,000 a year. Guess what Walgreens did? They increased pharmacist salary to 107k.
And of course we know all about similiar pay bumps engineers, computer programmers, and IT have seen. Even some blue collar workers seen pay bumps. But most of the middle class salary growth has remained flat.
Even if companies decide a 5 year plan to increase wages, it would be some type of progress. At this point we need solutions, not rhetoric or philosophical/moral analysis of Mr. Scrooge's altruism.