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Anonymous A (OP) replied with this 5 hours ago, 7 minutes later, 10 minutes after the original post[^][v]#1,440,904
@1,440,902 (B)
I find it annoying when people use words from economics in ways they weren’t originally intended. For example when people say "capitalism is efficient." Economic efficiency is defined as increasing output regardless of how that economic output is distributed among the population. So saying "capitalism is efficient" sounds like it means capitalism is the best system at allocating resources to everyone, when that’s actually not what it means. Economic productivity is just a measure of how efficiently someone converts inputs into outputs. So saying some people are more productive and that’s why they deserve to be rich is like saying some people are rich therefore they deserve to be rich. It’s a meaningless statement.
Anonymous A (OP) double-posted this 5 hours ago, 2 minutes later, 12 minutes after the original post[^][v]#1,440,905
It’s like, yeah, billionaires are the most economically productive people, they spend small amounts of money and make massive amounts of money. That doesn’t mean they’re more productive as in they’re doing ten thousand times more work than someone making 100k / year. Those two things aren’t equivalent.
Anonymous A (OP) replied with this 5 hours ago, 9 seconds later, 14 minutes after the original post[^][v]#1,440,907
In most cases it’s more like they have 10 thousand people in working for them making 200k/year, and they let them keep half of it and they don’t do anything.
Anonymous B replied with this 5 hours ago, 34 seconds later, 17 minutes after the original post[^][v]#1,440,912
@1,440,905 (A)
The difference between wealth being created or destroyed is based on the choices the rich make.
Which is why I said productive rather than hard working. Being hard working can be one factor in how productive someone is.
A banker that can pick which businesses are selling the right thing, making properly, and avoiding waste can make money. An investor that picks bad companies because of a bad atrategy looses money.
Anonymous B double-posted this 5 hours ago, 2 minutes later, 19 minutes after the original post[^][v]#1,440,913
@1,440,908 (C)
I didn't make that claim, I said the rich are more productive.
A skilled worker can work less than a laborer and be more productive. A talented investor can barely work at all and make more money than many skilled workers.
> In most cases it’s more like they have 10 thousand people in working for them making 200k/year, and they let them keep half of it and they don’t do anything.
This isn’t far off for tech giants btw. For example, the average employee at google might make $300,000 / year, but they generate $2 million / year for the company, so effectively they keep 1/7th of what they produce. But that’s for a company that pays employees more, if you did the calculations for Amazon delivery drivers, I don’t even want to know, but it’s pretty bad. Even the "high paying" jobs are actually still screwing workers over. All jobs do, people just don’t realize how much of what they generate they aren’t accessing through their salary.
> > Every cause is the effect of a different cause. > > Seriously, what are you doing here? > > You constantly drop some irrelevant line that is technically true, but does nothing to defend what you said. > > You can't refute what I said, so you will say something random and hope no one thinks about it?
I had no idea what you were doing either, you dropped an irrelevant line that was technically true so I just did the same thing lol.
Anonymous C replied with this 5 hours ago, 5 minutes later, 27 minutes after the original post[^][v]#1,440,917
@1,440,913 (B)
Do you think a factory worker making 10,000 units per day, or a rich CEO sitting at a desk all day, is "more productive" for that company? Which one is actually "producing" the products that bring in the money?
Anonymous B replied with this 4 hours ago, 1 minute later, 29 minutes after the original post[^][v]#1,440,918
@1,440,916 (A)
You said: > So saying some people are more productive and that’s why they deserve to be rich is like saying some people are rich therefore they deserve to be rich. It’s a meaningless statement.
That is what my response was referring to, that's how it relates.
Anonymous A (OP) replied with this 4 hours ago, 1 minute later, 30 minutes after the original post[^][v]#1,440,919
Really it’s sort of a scam. The lure behind it is maybe you could be rich like Elon Musk or Jeff Bezos or Larry Page or whoever one day as long as the government stays out of your life and lets you make as much money as you want. The thing is though, you’re never going to accomplish that working for somebody else. And even if you do start your own business… being a successful business owner as in being able to live off your business, that’s achievable, that’s possible, a lot of people do that. Even being a millionaire is unlikely, but it’s not impossible, you maybe have 10% odds of that, as in, 10% odds in your lifetime, which means 90% chance it will never happen, but still. But billionaire though? No.
Anonymous A (OP) double-posted this 4 hours ago, 28 seconds later, 30 minutes after the original post[^][v]#1,440,920
Although, it’s easier to be a millionaire now because a million dollars is worth less than it’s ever been worth before. So that’s not inherently a good thing.
Anonymous B replied with this 4 hours ago, 14 seconds later, 30 minutes after the original post[^][v]#1,440,921
@1,440,917 (C)
Managers are making decisions that have a bigger impact on the businesses profits.
Modern businesses have data that lets them know how much it costs to have a productive floor worker leave, and to have a marginally better rate for the whole unit.
Anonymous A (OP) double-posted this 4 hours ago, 3 minutes later, 35 minutes after the original post[^][v]#1,440,923
The thing about millionaires, is one day, everyone is going to be a millionaire. So when the percentage of the population who are millionaires rises over time, and people start cheering about it… I’m just saying, everybody in Zimbabwe used to be a millionaire.
Anonymous A (OP) replied with this 4 hours ago, 1 minute later, 44 minutes after the original post[^][v]#1,440,927
@previous (B)
Cool so you’re just defensive about people who are wealthier and more powerful than you for the sake of it the same way you think AI is superior in intelligence to yourself… which I mean it probably is but that’s beside the point.
Anonymous A (OP) replied with this 4 hours ago, 2 minutes later, 48 minutes after the original post[^][v]#1,440,929
@previous (C)
He’s going to pretend he doesn’t understand the concept that without employees managers don’t actually have the ability to produce the total output of the entire company by themself and they have more influence over the productivity of the company due to their position of power rather than their innate intelligence.
Anonymous A (OP) double-posted this 4 hours ago, 1 minute later, 50 minutes after the original post[^][v]#1,440,930
He’s one of those people that thinks your net worth is determined by how smart you are and he buys into social Darwinism and thinks black Americans are less wealthy because he thinks black Americans have lower IQs because he thinks black people are inferior, because he openly identifies as a racist and defends incest. Just FYI. He’s a real brain fuck up lol.
> He’s one of those people that thinks your net worth is determined by how smart you are and he buys into social Darwinism and thinks black Americans are less wealthy because he thinks black Americans have lower IQs because he thinks black people are inferior, because he openly identifies as a racist and defends incest. Just FYI. He’s a real brain fuck up lol.
> He’s going to pretend he doesn’t understand the concept that without employees managers don’t actually have the ability to produce the total output of the entire company by themself