Ralph? Have you heard of TomTom? "startups" are not a US-only phenomenon, nor is the "open system" a necessary part.
Quote:
Originally Posted by slayda
I think those people who want to "equalize" the wealth should spend a little more time looking at the multitudes of poor that will get part of their wealth rather than concentrating on those few very wealthy whose wealth they want to get a share of.
IMO the very poor are to busy surviving to think of "equalizing" the wealth.
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Right. "Be grateful for what you have, and whatever you do don't challenge the status quo." People who have enough money not to have to worry about surviving from day to day should know better than to use that time in whatever way they want. In fact, they should spend it worrying that they'll lose it. So your argument against decreasing inequality is "fear the masses".
David
Ricardo believed that, only (luckily for us) he was wrong/shortsighted, because when the
rabble got enough money to spend to be able to buy other goods other people were producing everyone profited, because the market expanded immeasurably. "Defend what little you have, and for heaven's sake, don't think about the future, or the welfare of other people" indeed.
Anyway, nice try dodging having to reply to my response to your statement that "socialism" is ruling the USA now.