That’s debatable.Some of them aren't so bad. Gates seems to be doing useful stuff.
That’s debatable.Some of them aren't so bad. Gates seems to be doing useful stuff.
I'm not sure money is the problem. The power that comes with money and the love of said power may be the problem but yeah, both sides overlook the fact that money is not lacking on either side. It's also curious that most people who rail against the rich would not be averse to BEING rich themselves given the chance... irony.I heard one of those presidential historian types talking about billionaires on TV. He said people on the right hear big money and they think Bloomie or Soros, people on the left think Kochs or that frog faced casino guy who just died. As a result they all miss the point. They see the problem as rich people on the other side corrupting the system rather than money corrupting the system.
Some of them aren't so bad. Gates seems to be doing useful stuff.
A wealthy class not only provides seed money for innovation but perhaps even more importantly they also provide a market for innovators to justify their investments. No one is going to innovate if they have no market to sell to. Carve out the wealthy and innovation will cease. The beauty is the wealthy create the innovation/markets that soon gain economies of scale such that the rest of us paupers can afford it.I'm not sure money is the problem. The power that comes with money and the love of said power may be the problem but yeah, both sides overlook the fact that money is not lacking on either side. It's also curious that most people who rail against the rich would not be averse to BEING rich themselves given the chance... irony.
The beauty is the wealthy create the innovation/markets that soon gain economies of scale such that the rest of us paupers can afford it.
True with nearly everything. The first plasma TVs were $20,000. Wealth is the fuel of innovation.So true, and so misunderstood. Remember when big screen TVs were $7000+. So many other examples, esp. in electronics but other products as well. And poor people do not create jobs - well, private sector jobs - they do create gov't jobs, which is why some in politics NEED the poor and victims, and need to keep the that way.
I think this Thread should be Re-Named.
A wealthy class not only provides seed money for innovation but perhaps even more importantly they also provide a market for innovators to justify their investments. No one is going to innovate if they have no market to sell to. Carve out the wealthy and innovation will cease. The beauty is the wealthy create the innovation/markets that soon gain economies of scale such that the rest of us paupers can afford it.
True, certainly. Yet wealth & wisdom are often not in the same hands. Nor wealth & upright ethics.Wealth is the fuel of innovation.
For me, the distinction between "rich people" and "money" corrupting the system is a very fine line.I heard one of those presidential historian types talking about billionaires on TV. He said people on the right hear big money and they think Bloomie or Soros, people on the left think Kochs or that frog faced casino guy who just died. As a result they all miss the point. They see the problem as rich people on the other side corrupting the system rather than money corrupting the system.
Some of them aren't so bad. Gates seems to be doing useful stuff.
Perhaps.In this case I won't go as far as saying our wealthy Regulators aren't wise and ethical, but they're certainly ignorant.
In this case I won't go as far as saying our wealthy Regulators aren't wise and ethical, but they're certainly ignorant.
In this case I won't go as far as saying our wealthy Regulators aren't wise and ethical, but they're certainly ignorant.
Whenever there's a situation like we have - it's almost always one or the other, or both. I vote 'both'. :- )