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by KK7NIL
65 days ago
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> If someone is stealing your only $20 out of your pocket and I stop them and you now have $20 in your pocket, I've just created conditions for commerce on the part of you taking that $20 and spending it someplace else in the market than on the thief. Grocery stores aren't thieves, they're largely pretty terrible businesses with extremely thin margins. But, to engage with your ridiculous bait and switch: whether I or the thief have $20 is irrelevant to the commerce as he'll presumably spend it at the market too, so even this ridiculously contrived example falls flat on its face. > rich person bids up Tesla stock and makes Elon into a billionaire off a PE of 317 now, thin air pumped into the balloon in other words with all this money tied up in overpriced TSLA stock than empowering real work in the economy. Here you go again with some ridiculously biased example, but I'll engage with it for your own sake: money that's invested doesn't just disappear, it goes into the pockets of employees and suppliers or gets reinvested in some other way, continuing the cycle. > What do you believe the role of government is? Limited. |
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Nope, poor person spends far greater share of their wealth on real items.
>Here you go again with some ridiculously biased example, but I'll engage with it for your own sake: money that's invested doesn't just disappear, it goes into the pockets of employees and suppliers or gets reinvested in some other way, continuing the cycle.
Ahh yes, it all trickles down. That is why wages have kept pace with inflation and why inequality has remained the same over the decades! No hoarding going on! It was right in my back pocket the whole time!
Please formally define what you believe the role of government is. I am genuinely curious on what these anarcholibertarians such as yourself actually believe in.