Herman Cain Believes That If You're NOT Rich Then It's YOUR FAULT!

Recognizing a bleak truth doesn't make one a pessimist. Neither does rejecting a bleak truth make one an optimist.

 

DUH

If I no longer pay FICA taxes and my income tax rate is cut I do.

If they no longer pay FICA taxes and their income tax rate is cut they just might.

Personally I'd rather get rid of all other taxes and just use the Fair Tax.

 

It's not a fixed amount, no one gave me my wealth I created it and accumulated it.

 

This is why Cain will never be president.


Crony capitalism and corporate welfare destroyed a third of the economy.

it's not the new unemployed fault their jobs where taken away by DC and Wall street.

 

It's not a limitless amount, either. And no matter how hard and how well some people work, they won't ever get beyond the economic class they are born into. In fact, the majority won't.

I also suspect that a good amount of the "wealth" you have was not created by you alone.

 

For debate..
Yes it is.
They didn't support the right politician or the right platform ?
They sat home like sheep and let others control the process.
They didn't educate themselves in economics.. politics or the right job skills to stay up with the ever changing world.

Some did..and now you want them to be the villains..and pay for your slack efforts ?
Go back and join the buggy whip makers union.
Protest on the streets that horses are not given a tax break and union pension over ride.
March with fat cat democrats as they promise to increase horses and buggy whip manufacturing in your town.

March on the evil banks as they dont lend money to buggy whip companies.
Protest on Wall St. when others think buggy whips are stupid and invest and make money elsewhere.

Blog on the net that you lost your buggy whip job through no fault of your own and you deserve unemployment until buggy whips come back.
Blast government and say go back to the original constitution..where horses and buggy whips ruled the day.

Life was so simple and better when everyone had horses and buggy whips.

 

Can you explain how you believe that wealth becomes "concentrated at the top"?

 

There is no limit to the amount of wealth that can be created.

That's because wealth doesn't accumulate by labor alone. One must understand how wealth is created and focus on that method. Or, one can seize the wealth of others, either through the organized criminal gangs int he private sector or the public.

Who else would have created it? Are you accusing him of theft?

 

Wealth becomes concentrated at the top when a few control a disproportionate amount of wealth to the point where they are able to control markets and governments, create barriers to competition, and game the system to funnel a disproportionate amount of new wealth towards their control.

 

Of course there is. Resources on the earth are finite. There is only so much gold to be pulled from the ground.

Wealth doesn't accumulate without labor, either.

Did you create the car you drive? Did you build the house you live in? Did you design and pave the roads that you travel on the way to the bank? No one creates wealth alone.

 

I agree with Cain. I could be rich, but it wasn't my choice. I have higher priorities than money.

 

I asked how, not what you believe the consequences to be. I would agree about gaming the system, so to speak, where the system is government. That sort of rent seeking is terrible, but it's the direct result of people voting for or tolerating more government in the naive hope that it will prevent just that sort of thing.

Not all wealth becomes concentrated in that fashion, however. Many of the wealthiest have created much of what they have and to take it from them is no less a form of theft than rent-seeking.

 

What does the amount of gold in the ground or the amount in circulation have to do with the amount of wealth that can be created?

Labor doesn't simply create wealth. It must be directed. Either the laborer directs his efforts to creating wealth, say by creating products that he directly sells, or he does it for someone else who takes on the risk of selling the products (or services) created by labor. Labor is a commodity. Treating it as anything else is moralization, and is not relevant to economics.

And, what is the point? That wealth is not easy to create without capital? Well, that's a given. That's why most people in developing countries struggle, they don't yet have the capital necessary to create greater wealth. Capital, however, is not created by the collective. It comes about by individuals directing their labor, and their existing capital, to the creation of more capital goods.

 

I paid for my cars to be created, most cars diminish wealth, not create it. I paid for my house to be built, that IS building it. And my house doesn't make me wealthy. Many absolute fools thought that a houses would make them wealthy, Wrong, wealth takes work. I paid for the roads, that IS designing and building them. And the roads don't make me wealthy. And I paid for the bank to be built and it sure as hell doesn't make me wealthy. Banks are like the govt, a necessary burden that you want to keep at a distance.

 

None of those things were created in a vacuum nor were they created independently. Not all wealth ends in the hands of those that "created" it. It's absurd adhesion to theory that makes people think this way.

 

I told you how. Government is a tool to be used to concentrate wealth among other uses. It is not the tool, but the user that is the cause of the outcome.

 

You are wrong, BHK, capital and wealth require both the individual AND the collective.

There needs to be balance towards the needs of both.

 

Cain is out! Stop supporting him!

 

So then you are open to ridding ourselves of all or most of government, or do you want more power concentrated in the hands of winners of popularity contests, in the hopes that this time they'll take more from some people and give it to you?

 

What does the collective offer other than to take what they are not party to?

 

EVERYONE cannot work hard and get rich. It matters more that you work harder than the next guy. It also requires skill, and a starting point for someone, your parents, to properly teach you hard work AND learning skills. It is amazing how many parents don't teach their kids HOW to learn. They simply stick them in front of the TV so that they will not have to deal with them.

Initial amount of money is also important. If you do not have money you cannot invest to make more.

Example: Lets say you want to get rich mowing lawns. You could only afford scissors so you buy them and take a day to cut only one lawn. Eventually you finally make enough money to buy a push mechanical mower. You can then cut the grass faster so you make more money per day. You finally make enough money to buy a motorized lawn mower. You increase your rate of mowing lawns to the point that you have made enough money to hire help. So you continue on up the ladder until you own a business and then a chain of businesses.

This is an example of how hard work can make you rich. Reality is that someone already started with way more money than you and could buy help and lawn mowers long before you even got your first lawn mower. This guy dried up all the business before you got there and you, instead of starting your own business, were force to work for this other guy at a wage he determined you were worth. In this reality, rich goes to the guy who inherits it not the guy who works for it.

 

Well I think he may have a change of heart. His 9-9-9 plan sounded great until we found out it would raise taxes on the poor. I do understand his point in what he said, this is "America" afterall. We have the greatest opportunities here. The problem with his statement right now is that we are in a recession and that's why he is changing his tax plan and it will be called something else.

He isn't my favorite pick, that's for sure. He needs to be a little more stable in the coming months to get my vote.

 

Food is a very small amount of what the poor need to buy. The rest they buy if used goods will be tax free. My biggest concern are things that cost more than food like medical.

 

Yes, I can agree that medical is a big concern. I am not altogether sure that we should cut out medicaid. The states do need to get their own programs together instead of waiting on Obama care though.

 

Wealth creation comes from within you. It starts with you. Working hard, making smart, wise decisions and having discipline is what builds and creates wealth. You don't have to be rich financially speaking to be wealthy and happy. True wealth is not about money so much that money is a by product of true wealth. True wealth is something to be celebrated rather than scorned.