RE: Should poor people have kids?
November 29, 2019 at 12:08 pm
(This post was last modified: November 29, 2019 at 12:09 pm by notimportant1234.)
(November 29, 2019 at 10:35 am)Dmitry1983 Wrote:(November 29, 2019 at 10:16 am)notimportant1234 Wrote: Ask yourself a question. If you would artificially inflict wealth inequality in an economy will that generate added value?No. Why is nobody changing course?
Reality is such that less than 10% of population know how to manage capital. As result in market economy wealth tends to concentrate in hands of few and that is what makes market economy efficient. If you try to redistribute wealth most people will eventually bankrupt themselves.
Quote:There is a very big difference between debt and personal wealth.There is no difference for money managers. You use capital to make return. If you use capital borrowed at zero interest rate then your return will be same as if you were using your own capital.
I purposefully didn't answer your question first time because it is not related to the subject. We are not discussing if capitalism is a good system or not. You still have to prove that wealth inequality and "capital management" are what makes capitalism soo successful. And BTW, you sayed that most people will lose all their money, even if they had billions. You didn't say anything about wealth distribution in your first post. Can you refrain from changing the subject on every post you make?
It doesn't matter who you are, debt is still debt. You still have to return it in a given period of time, with or without interest, you can't say the same about your own wealth.
And your return will be the same with or without an interest rate, your chance off succes doesn't change based on that.
Edit:. Money managers are not the ones that are growing the economy, entrepreneurs are.