[QUOTE="Super_Socialist"][QUOTE="quiglythegreat"]I don't understand. having more money in bank accounts is good because it creates jobs in the banking industry?
the problem with your philosophy is that it is lacking in any kind of compassion or altruism. it tries to justify greed. greed is a negative thing, and it is not efficient. let us say that a person gets absurdly wealthy to help people. often enough this is the case, but for every Carnegie you get a Rockefeller, at least. accumulating money for oneself usually is not with the intention of ultimately helping the common worker.
let us say that a person indeed pursues things as you say they will. they create a job with all the money that would've been taken away in taxes, and they employ people. well, that's well good for unemployment, but they will only give as much as they believe is efficient for their business, not for society. in the Gilded Age, they killed off their workers, working them to the bone, exposing them to hazardous conditions. capitalism is a system for making money
the trickle down theory is a half-assed justification for predation. you do not kill one sheep to feed the rest of the flock, you kill the sheep because you are hungry. to call it anything else is delusion.
quiglythegreat
yes, it creates more jobs in the banking industry because thats where everything starts. Banks must have money to give loans. Which in turn creates many other jobs for entrepreneurs. Anyone with even the most bare bones basic understanding of the banking system can figure that out.
Creating jobs is compassion. Giving free money dosent help anyone. This has been proven. Greed is justified by history. Greed is a good thing, because ive already stated that it creates stability for everyone. As long as we have laws against violations of individual rights greed wont become anything to worry about. You cannot, I repeat you cannot throw around the word greed and expect people to buy into what you're saying. As far as im concerned, ive already proven why greed works. Capitalism has a great track record as opposed to other economic theories.
thats because its not a managers job to worry about society. If everyone is strong individually, then we will have a strong society. However, if we all depend on one and other then we just have a lot of (financially) weak people.
the trickle down effect is not what im talking about at all. you cant assume anyone who believes in capitalism is a reagan republican.
I think you're kind of over-estimating the importance bank employees have on the economy. I mean, those jobs that are created in banks are not in themselves very important. anyway, loans are important, and savings are good and all, but a prosperous economy has people spending. it sounds as if you think the recent financial crisis was precipitated by people saving not enough. saving is good, but the bottom line is that spending is what GETS people money, and merely keeping money is not a practice conducive of a healthy economy or even personal wealth, at least in excess.
capitalism is not an economic theory so much as it is a theoretical anarchy. companies were not more efficient unregulated. one reason for the current crisis is LACK of regulation.
you need to accept that BUSINESSES do not know what is best for themselves and especially not what is best for society.
creating jobs, and having your own business and such is not an altruistic act. like I said, before companies had regulations, thousands of people routinely died of defective products and unsafe work environments. people are given the benefits they are (limited though they may be anyway) so that a person is not inclined to ever get out of that job unless they are fired. the current wages are dictated by the market. business is not about compassion. businesses do not improve people lives' by some capitalistic accident; they do so because of socialist progressives. if you can't accept this fact, I don't need to keep arguing with you.
and one more thing: trickle down theory was invented by Hamilton, who was somewhat before Reagan's time.
banks are the backbone to an economy, especially a capitalist one. Maybe banking isnt always the best route in your opinion, which would be fine. But the bottom line is, banks are an absolutely massive part of how businesses get started and how our economy is shaped. The more employees they have is an indicator of how well the bank its self is doing.
the more employees they hire, the more business they can do. the more business they can do the more likely other people will do business because banks are the backbone.
If you keep your money in a bank, its still circulating. Due to loans. New jobs are being created, thus its circulating. If you keep money in a bank its not just sitting there. its being used.
saving money is actually the best route. Some parts of the trouble we have in the us could be attributed towards it. However the biggest problem is actually the whole "social justice" garbage that clinton was pushing when passing a bill that made banks give risky loans "so people can have homes" (I guess apartments arent homes...)
capitalism is an economic theory. its a free market.
our current crisis is social justice. regulation from the fed is another problem.
creating jobs is the best thing you can do for someone. But if you think handing out flowers and telling everyone you love them is better for society than creating jobs well then have at it.
people still die from jobs. people die. thats what people do best. if you think your job is unsafe, then start a union. but dont expect any special treatment from the government. Also people today can sue a lot more than they used to be able to, so that would be a better regulatory force than a government that cant even manage money.
compassion rarely works. If you can benefit others while the sole reason is benefitting yourself, that works out best as history has shown.
dont even get me started on the system we have for benefits, its broken and needs to be fixed big time. we need to get our employer out of the healthcare system and pay based upon market price, not a price thats dictated by the fact that nobody looks at their bill. Laser eye surgery and cosmetic surgery prices have gone down dramatically and they arent even covered. The fact that they arent necessary has absolutely nothing to do with anything. So im giving you some credit here and ill assume you wont say that it does.
business benefits people by creating wealth. socialists and many democrats just want to spread the wealth thats already there. Sorry but you dont even understand capitalism, you dont even think its an economic theory.
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