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Topic: What's wrong with unequal wealth distribution? (Was: 2013-12-10 Bitcoin Proves.. - page 2. (Read 2990 times)

member
Activity: 70
Merit: 10
If rich value them and use them to trade, why would they be useless? Can you trade 1 kilogram bars of gold? No. But I bet you wish you could.


ok, if only the 5% that own 95% of the coins accept them as value, they wont be able to pay their workers with it, they wont be able to buy any product of "the other 95%"

I would not be surprised that 5% owns 95% of all gold bars. Probably of all gold in existence. This 5% mostly uses it as store of value, and to trade amongst themselves. Does this mean that 95% do not want to have gold, too? Would you not want receive any gold as payment? Since you know this 5% accepts this currency, and they also likely own many of the biggest businesses, why would workers not take it, if they know they can use it to buy anything they want from 5%? There is higher chance the 5% will not take some currency that 95% make, than 95% not taking currency that 5% have. Richard Branson is now taking bitcoin, and many rich still have gold, but no rich person takes Fureai Kippu or Ithaca Hours.
legendary
Activity: 2413
Merit: 1003
once BTC is dominant currency, and 95% of BTCs are in the hand of 5% of world population. why would those 95% who got the rest stay with Bitcoin? they will abandon it and simply adopt another coin, wouldn't they? BTC will have only value between the richs, which would make them useless.

40% of the USD is owned by 1% of the population. So has the remaining 99% abandoned it in favor of a new currency? No. Will the same doomsday scenario happen to BTC? My answer is NO.

here is where the revolution is, they are not forced to use "their" currency anymore


If rich value them and use them to trade, why would they be useless? Can you trade 1 kilogram bars of gold? No. But I bet you wish you could.

'cause they can't pay them "slaves" nor "bread"

I do not understand.

You're not alone Tongue

even worse that i understand that(why) you guys don't understand

I did not understand because I did not understand your english. Who is it that you call "they" and "them", and why is slaves and bread involved? Please to be more specific.

Also, it would be pretty bad if you did not understand what you yourself have said. So I am glad that you understand what it is that you said that we did not understand. Hopefully you can explain it to us too.


ok, if only the 5% that own 95% of the coins accept them as value, they wont be able to pay their workers with it, they wont be able to buy any product of "the other 95%"
member
Activity: 70
Merit: 10
If rich value them and use them to trade, why would they be useless? Can you trade 1 kilogram bars of gold? No. But I bet you wish you could.

'cause they can't pay them "slaves" nor "bread"

I do not understand.

You're not alone Tongue

even worse that i understand that(why) you guys don't understand

I did not understand because I did not understand your english. Who is it that you call "they" and "them", and why is slaves and bread involved? Please to be more specific.

Also, it would be pretty bad if you did not understand what you yourself have said. So I am glad that you understand what it is that you said that we did not understand. Hopefully you can explain it to us too.
legendary
Activity: 3752
Merit: 1217
once BTC is dominant currency, and 95% of BTCs are in the hand of 5% of world population. why would those 95% who got the rest stay with Bitcoin? they will abandon it and simply adopt another coin, wouldn't they? BTC will have only value between the richs, which would make them useless.

40% of the USD is owned by 1% of the population. So has the remaining 99% abandoned it in favor of a new currency? No. Will the same doomsday scenario happen to BTC? My answer is NO.
legendary
Activity: 1078
Merit: 1003
If rich value them and use them to trade, why would they be useless? Can you trade 1 kilogram bars of gold? No. But I bet you wish you could.

'cause they can't pay them "slaves" nor "bread"

I do not understand.

You're not alone Tongue

even worse that i understand that(why) you guys don't understand

You don't even understand Bitcoin.
legendary
Activity: 2413
Merit: 1003
If rich value them and use them to trade, why would they be useless? Can you trade 1 kilogram bars of gold? No. But I bet you wish you could.

'cause they can't pay them "slaves" nor "bread"

I do not understand.

You're not alone Tongue

even worse that i understand that(why) you guys don't understand
legendary
Activity: 1078
Merit: 1003
If rich value them and use them to trade, why would they be useless? Can you trade 1 kilogram bars of gold? No. But I bet you wish you could.

'cause they can't pay them "slaves" nor "bread"

I do not understand.

You're not alone Tongue
member
Activity: 70
Merit: 10
If rich value them and use them to trade, why would they be useless? Can you trade 1 kilogram bars of gold? No. But I bet you wish you could.

'cause they can't pay them "slaves" nor "bread"

I do not understand.
legendary
Activity: 2413
Merit: 1003
If rich value them and use them to trade, why would they be useless? Can you trade 1 kilogram bars of gold? No. But I bet you wish you could.

'cause they can't pay them "slaves" nor "bread"
member
Activity: 70
Merit: 10
If rich value them and use them to trade, why would they be useless? Can you trade 1 kilogram bars of gold? No. But I bet you wish you could.
legendary
Activity: 2413
Merit: 1003
cryptasm is the man

i wanted to respond the topic but someone on facebook fed me with new thoughts, so my quickresponse to that question: " What's wrong with unequal wealth distribution?" is: If you ask that you have to study: history (focus on colinalism), sociology and ethics



so here is my new food for thoughts:

once BTC is dominant currency, and 95% of BTCs are in the hand of 5% of world population. why would those 95% who got the rest stay with Bitcoin? they will abandon it and simply adopt another coin, wouldn't they? BTC will have only value between the richs, which would make them useless.
(just beginning to think about this, a guy on facebook gave me that "food" 10min ago; sharing this "food" with you guys)
legendary
Activity: 997
Merit: 1002
Gamdom.com
You honestly believe that to be true, in every case? You're not just collectivizing all wealthy individuals, right?

Regardless, it's true that most of humanity could probably be considered as living in poverty. And that's mainly the result of oppressive systems that keep it that way, systems that are typically run by fairly rich individuals.

But simply attacking their wealth isn't going to change that system; even if they just gave it all away they'd have it right back a generation later. Changing the system to remove the oppressive restrictions and tributes must come first, then the "problem" of wealth inequality will fix itself.

Yes in most cases I think that's true. It doesn't matter if you're the CEO of Dow Chemical who poisoned thousands of people in Bhopal or the multi-millionaire CEO of some charity, there is no need to accumulate such ridiculous amounts of wealth. People should be rewarded for hard work, if that were the case, all of the slaves working 60 hours a week @ $2 a day to make our clothes/consumer goods/food etc would be relatively wealthy. US Macdonald's employees work ~50/60 hours a week, their wages are so low that they still have to claim foodstamps to feed their families yet they're still vilified by the media/society as scroungers. Guaranteed the CEO of MacDonalds has never flipped a burger in his/her life and probably smarmed and backstabbed his way to the top of the corporation, that motherfucker enforces policies that fire workers who try to unionise/ask for higher wages etc.

Corporations dictate what salaries their workers get paid, I don't care whether their workforce is outsourced to some corrupt third-party, they are still the people who decide, not oppressive regimes. No doubt there are some nasty countries who exploit their workers more than the West, but we're supposed to lead by example in the 'developed' world. Working conditions in the factories that make Apple/Mac goods etc are so bad that they've put nets under all the windows to stop their workforce from commiting suicide, juxtapose that with the happy/glossy family adverts you see on TV for Apple products. How is it right that there are people who earn more than a hour than I can make in year?


legendary
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
Here's the point that I was getting at: if the poorest people in a society have adequate wealth to take care of the basics, then why does it matter if there are a few billionaires or even trillionaires around, provided they aren't causing the poorer folk to remain poorer?
But that's the problem, most people on this planet do not have enough wealth to cover even basic living standards. The fact that billionaires even exist is a pretty f*cked up example of what's wrong with the world. The only way they could have accumulated so much wealth is by ripping off less fortunate people down the social pecking order.



thanks, I don't need to answer topic after this at all.


one question I have though: why are middle class "capitalists" always defending the right of millionairs and billionairs? are you realy all thinking you will be one of them (that's what I call the "hollywood suggestion")? you would ALSO benifite from a more equal distribution

Because it's immoral to steal from someone who has done no wrong, regardless of how much money he may have.

If he has done wrong, then that is the issue that should be addressed. Suggesting someone should be OK with theft just because they would profit more than others is a pretty disturbing form of pandering.  Undecided

(And surely no one actually believes that every rich person only got rich through wrongdoing. Not only does a single counter-example disprove such a theory, but the idea smacks of collectivism, and is just as bad as "every poor person is only poor because of their own actions and inactions.")


I'm not saying that every rich person only got rich through wrongdoing,

That's good to hear (I've come across that idea many times.)


Quote
BUT it can't be denied, not by anyone, that they are rich (indirectly or directly, doesn't matter) because thare are billions of people who are paid $5 a month.

Ah, well, I guess I'll deny it.

This seems to be a common misconception, that the pie of wealth is fixed, and the best we can do is to cut that pie into pieces that are more fairly sized for people. Of course, were the analogy accurate, it would imply that for someone to receive more of the pie, someone else, somewhere, has to receive less.

The truth is that wealth, when allowed to be created (that's critical) can lead to a larger pie. This means that it's possible for *everyone* to receive bigger pieces. And it's even possible for the smaller pieces to grow larger at a much faster rate than the larger pieces do. The technology industry, including Bitcoin, is IMO the most obvious example of this.

Wealth redistribution, on the other hand, creates incentives and situations that suppress the growth of the pie of wealth.

It makes more sense to (1) ensure that the playing field is fair and open, and (2) to allow wealth to be freely created and legitimate progress (social and technological) to occur unimpeded.


Quote
--

to make the situation more clear for some minds which are kind of closed:

imagine, back in the days, humans lived in caves, hunting mammoths. They have a leader, some people are better at hunting than others, some are even to old to hunt or have no ability at all.
so they go out to hunt. the leader is making a good job, best hunters are making a good job too, even te worse hunters are helping.
so they got a mammoth, everybody happy.
if we look at animals, probably the leader cut his meat first, than the best hunters, and so on. people with no ability to hunt cut their peaces at last. nothing wrong with this.
now let's translate the situation to modern world: leader takes half of mammoth, much much more he can ever eat. best hunters take all the rest of the good meat. worse meat for the rest of the hunters; all hunters take more meat than they can ever eat.
the rest (more than half of the clan) gets fat and peaces which rested at the bones.

I see what you are saying, but I think the analogy is flawed. When talking about the poor, we aren't talking about invalids who cannot provide for themselves, even when given the means to. And if the hunters in this analogy all have some reasonable ability to hunt, then shouldn't the question of "How did this state of affairs come about?" be broached? Because again, if the system that maintains this state of affairs isn't addressed, any attempts to modify the outcome is going to be short-lived.

The disparity in the outcomes should be a clue that something deeper is going on; fix the deeper issue, and the outcomes will fix themselves. Attempting to focus on the outcome as the means to an end will leave the underlying problem alone, and will eventually undo all the work done to adjust the outcome to one's liking.
legendary
Activity: 2413
Merit: 1003
Here's the point that I was getting at: if the poorest people in a society have adequate wealth to take care of the basics, then why does it matter if there are a few billionaires or even trillionaires around, provided they aren't causing the poorer folk to remain poorer?
But that's the problem, most people on this planet do not have enough wealth to cover even basic living standards. The fact that billionaires even exist is a pretty f*cked up example of what's wrong with the world. The only way they could have accumulated so much wealth is by ripping off less fortunate people down the social pecking order.



thanks, I don't need to answer topic after this at all.


one question I have though: why are middle class "capitalists" always defending the right of millionairs and billionairs? are you realy all thinking you will be one of them (that's what I call the "hollywood suggestion")? you would ALSO benifite from a more equal distribution

Because it's immoral to steal from someone who has done no wrong, regardless of how much money he may have.

If he has done wrong, then that is the issue that should be addressed. Suggesting someone should be OK with theft just because they would profit more than others is a pretty disturbing form of pandering.  Undecided

(And surely no one actually believes that every rich person only got rich through wrongdoing. Not only does a single counter-example disprove such a theory, but the idea smacks of collectivism, and is just as bad as "every poor person is only poor because of their own actions and inactions.")


I'm not saying that every rich person only got rich through wrongdoing, BUT it can't be denied, not by anyone, that they are rich (indirectly or directly, doesn't matter) because thare are billions of people who are paid $5 a month.

--

to make the situation more clear for some minds which are kind of closed:

imagine, back in the days, humans lived in caves, hunting mammoths. They have a leader, some people are better at hunting than others, some are even to old to hunt or have no ability at all.
so they go out to hunt. the leader is making a good job, best hunters are making a good job too, even te worse hunters are helping.
so they got a mammoth, everybody happy.
if we look at animals, probably the leader cut his meat first, than the best hunters, and so on. people with no ability to hunt cut their peaces at last. nothing wrong with this.
now let's translate the situation to modern world: leader takes half of mammoth, much much more he can ever eat. best hunters take all the rest of the good meat. worse meat for the rest of the hunters; all hunters take more meat than they can ever eat.
the rest (more than half of the clan) gets fat and peaces which rested at the bones.

(this doesn't even include the fact that in our world you can have ability of being the best "hunter" in the world, but you will never be a "hunter", simply because you were born poor)
sr. member
Activity: 308
Merit: 250
decentralizedhashing.com
The real problem is that many wealthy people create the laws that control how wealth is handled, and disturb the order to the point that the ability for others to maintain the standard lifestyle is destroyed.  Then they propagandize and create their own order in society, destroying education, and creating a mindless subservient class that thinks they have a chance at the same privilege.
legendary
Activity: 1218
Merit: 1001
legendary
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
Here's the point that I was getting at: if the poorest people in a society have adequate wealth to take care of the basics, then why does it matter if there are a few billionaires or even trillionaires around, provided they aren't causing the poorer folk to remain poorer?
But that's the problem, most people on this planet do not have enough wealth to cover even basic living standards. The fact that billionaires even exist is a pretty f*cked up example of what's wrong with the world. The only way they could have accumulated so much wealth is by ripping off less fortunate people down the social pecking order.


You honestly believe that to be true, in every case? You're not just collectivizing all wealthy individuals, right?

Regardless, it's true that most of humanity could probably be considered as living in poverty. And that's mainly the result of oppressive systems that keep it that way, systems that are typically run by fairly rich individuals.

But simply attacking their wealth isn't going to change that system; even if they just gave it all away they'd have it right back a generation later. Changing the system to remove the oppressive restrictions and tributes must come first, then the "problem" of wealth inequality will fix itself.
legendary
Activity: 1078
Merit: 1003
Because it's immoral to steal from someone who has done no wrong, regardless of how much money he may have.

If he has done wrong, then that is the issue that should be addressed. Suggesting someone should be OK with theft just because they would profit more than others is a pretty disturbing form of pandering.  Undecided

(And surely no one actually believes that every rich person only got rich through wrongdoing. Not only does a single counter-example disprove such a theory, but the idea smacks of collectivism, and is just as bad as "every poor person is only poor because of their own actions and inactions.")


This is also a very important distinction to make: I'm tired of socialist wannabes who say silly things like "We need to steal from the rich and give to the poor!"  All this does is move the money straight back into the hands of the rich Tongue  And this is ignoring that it's immoral to take from a person who got his money through acceptable means; if you give all your money to a person and later realize you want that money back, you can't just demand that he give it back with the threat of violence because you're now broke.  If you allow yourself to be duped, you deserve what you get; only thing we can do is learn from the mistake, but we never seem to do it.
legendary
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
Here's the point that I was getting at: if the poorest people in a society have adequate wealth to take care of the basics, then why does it matter if there are a few billionaires or even trillionaires around, provided they aren't causing the poorer folk to remain poorer?
But that's the problem, most people on this planet do not have enough wealth to cover even basic living standards. The fact that billionaires even exist is a pretty f*cked up example of what's wrong with the world. The only way they could have accumulated so much wealth is by ripping off less fortunate people down the social pecking order.



thanks, I don't need to answer topic after this at all.


one question I have though: why are middle class "capitalists" always defending the right of millionairs and billionairs? are you realy all thinking you will be one of them (that's what I call the "hollywood suggestion")? you would ALSO benifite from a more equal distribution

Because it's immoral to steal from someone who has done no wrong, regardless of how much money he may have.

If he has done wrong, then that is the issue that should be addressed. Suggesting someone should be OK with theft just because they would profit more than others is a pretty disturbing form of pandering.  Undecided

(And surely no one actually believes that every rich person only got rich through wrongdoing. Not only does a single counter-example disprove such a theory, but the idea smacks of collectivism, and is just as bad as "every poor person is only poor because of their own actions and inactions.")
legendary
Activity: 2413
Merit: 1003
Here's the point that I was getting at: if the poorest people in a society have adequate wealth to take care of the basics, then why does it matter if there are a few billionaires or even trillionaires around, provided they aren't causing the poorer folk to remain poorer?
But that's the problem, most people on this planet do not have enough wealth to cover even basic living standards. The fact that billionaires even exist is a pretty f*cked up example of what's wrong with the world. The only way they could have accumulated so much wealth is by ripping off less fortunate people down the social pecking order.



thanks, I don't need to answer topic after this at all.


one question I have though: why are middle class "capitalists" always defending the right of millionairs and billionairs? are you realy all thinking you will be one of them (that's what I call the "hollywood suggestion")? you would ALSO benifite from a more equal distribution
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