The Mudcat Café TM
Thread #130348   Message #3059257
Posted By: Lox
22-Dec-10 - 09:13 AM
Thread Name: BS: World's Richest People Get Richer
Subject: RE: BS: World's Richest People Get Richer
Q,

999 may not be fully conversant with the concept of the creation of wealth.

However, he is 100% correct to point out that this world has finite resources.

We can't all be rich, and as long as there are some people hoarding all the resource ownership, there will be people with nothing.

Money means nothing without value and its value is based on resources.


This idea that if we were all entrepreneurs we could all create our own wealth is utter bollocks as for this to happen you would need an infinite supply of resources.



Don,


20% VAT hits the poor harder than the rich.

17.5% VAT hits the poor harder than the rich.

VAT hits the poor harder than the rich.


The VAT hike is yet more evidence of the poor being punished for the mistakes of bankers.

Talking about "the politics of envy" in that context is irrelevant, disingenuous and berays nothing more than an idealistic political position rather than any evidence of attempting to engage with the actual points being made.