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Because there can only be rich people is there are poor people. Just like there can only be poor people when there exist people who are richer than them. Simply fact.
Oooo, please enlighten us as to how you've come to this conclusion.
Some are most aren’t. for example if someone worked at a company that went bankrupt because of greedy people bleeding the company dry. They might become poor before they can find other employment. Others are poor because of their lack of skills, disability, lack of opportunity, institutionalized racism, bad luck, lack of education and many more factors.
But one things for sure. In a time of crises those who are well off are expected to do more not less.
I think we can rule out theft, and other unlawful activity.
Poor people are poor, and remain that way, because a rich person refuses to pay them a living wage. Period. Spin it any way you like it is the essence of the paradigm. There are also other extrinsics such as poor people (relatively) being tasked with maintaining the essential infrastructure of the country while richer people are given exemptions from virtually any responsibility for the day to day running of the country. What a fail thread.
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What is the recipient class responsibility?
Define a "living wage"?
Mine is around $150,000 a year.
For my brother, it's about $30,000 a year.
My in-laws live on about $25,000 a year.
If we worked for the same employer, should our income be defined by our need?
It doesn't. Being rich or poor, most of the time, has to do with ones actions. Whether it is something that you have done to make you rich/poor or something that your family has done. IMO the poor should be thanking the rich considering they are, usually, the ones who make jobs.
What about the poor being priced out of neighborhoods because the wealthy moving in?
Originally Posted by alphamale
Exactly how does ones wealth have anything to do with another being poor?
I just held you up at gunpoint. Now, I'm rich and you're poor.
I also got a huge tax break, outsourced jobs to a foreign country (creating unemployment and poverty here), bought off a congressperson, skirted taxation by placing my money offshore and out of reach (less money to spend on infrastructure), told you the company didn't have money for your raise despite my lucrative bonus, fired you a week before you qualified for a pension, dumped toxic substances illegally and anonymously (passing the cost onto the taxpayers), etc, etc.
Hard work used to make a person well off. Now, we're realizing that no matter how hard we work, no matter if our spouse now has to take a job, it won't put us any further ahead.
And you ask what the wealthy has to do with the poor being poor?
You are proving my point.
Why would you accept someone else saving for YOUR retirement?
I know many, many people who have great pensions, but never saved a dime for themselves. They lived life as if they didn't have a care in the world.....boats, vacation homes, phat cars, etc.
Your pension is NOT guaranteed.
Once you allow YOUR future to be the responsibility of another, you place yourself at risk.
Much old money retains its wealth in no risk assets that retain value with little risk. That is why those near retirement(where a lot of money is) go into risk averse assets like government securities. It buys taxing power. Old money has lots of assets that have been around since Roman times.
Actually the wealth of the rich is usually gone within a generation or two.
Let's say I am an employer and have $50,000 in unexpected profits.
I can give it to my minimum wage, working poor, employees as a bonus or I can give it to my wealthy investors as dividends.
When I give it to my workers instead on the investors did the investors lose out on potential income? Are they poorer because of my choice to reward my workers? The investors don't have as much as they could have had because someone else won and they lost.
So yes, when someone takes a bigger slice of a finite income pie, everyone else gets less.
Most businesses would invest that money back into the business.
The value of the business that you work for has absolutely no bearing on the value of your labor.
Because there can only be rich people is there are poor people. Just like there can only be poor people when there exist people who are richer than them. Simply fact.
How about if I invented the first electric can opener?
What if I designed it, marketed it, and built the first can opener?
What if so many people wanted one, that I had to hire other people to help me build, advertise and distribute them?
What if my can opener company was so successful that it employed a few hundred people? Did I just create more poor people? Or did my small invention enrich the lives of a few hundred people, and even add income to the producers of the raw materials i purchased to make my can opener, the TV, radio magazines and newspapers i advertised in, and the many store owners and truck drivers who sold or delivered my can opener? Not to mention all the lives I made better with my little invention.
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