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This is a discussion on Goldman Sachs and Burger King within the Economy forums, part of the Topical Discussion category on Politics.ie. Originally Posted by 20000miles The "moral" side being the one that wants to steal property from others. You never answered; ...
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Also, you've misquoted Lord Keynes.
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It's true that an additional amount of money for a rich person might not matter very much to him, but you can't make the leap of assuming that stealing it and giving it to a poor person would lead to overall improvement. See Happiness Economics butchers Marginal Utility Theory .
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| Regarding your first point, many entrepreneurs put their money back into their business, expanding and creating new jobs. As for your second point … well I am not exactly sure I know what you are trying to say. Are you saying that in the perfect situation people would not be allowed make so much money? What do you propose? Crush entrepreneurs? That would be great for the country. |
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| He doesn't believe in property rights. And as I've said to several people who tell me that, "Give me your shoes."
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Who cares you get my drift. How can the simple existence of profit safeguard against expoilation? Often the worker is given far less compensation than is the equivalent of the work he has done. |
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Like I said, this doesn't immediately indicate exploitation.
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Also, what about people who have that sort of money who aren't entrepreneurs? I have't seen Ronaldo investing any of his new found wealth in companies so as to create jobs. . same goes for Lady Ga Ga Never mind what I propose, I'm no economic theorist, but yes in an ideal situation obscene wealth would be non-existant |
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However there was a time before that peasants, working class, merchants and the middle class united in full force and overthrew the establishment. They were known as the Third Estate and they lived in France in 1789. And by God I would love to see Guillotines in front of Leinster House, St Stephens Green and the IFSC.
__________________ He gazed up at the enormous face. Forty years it had taken him to learn what kind of smile was hidden beneath the dark moustache. O cruel, needless misunderstanding! O stubborn, self-willed exile from the loving breast! Two gin-scented tears trickled down the sides of his nose. But it was all right, everything was all right, the struggle was finished. He had won the victory over himself. He loved Big Brother. |
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