so do as the Good Book says, and criminalise usury — Banno
Of course there is such a reason: safety. Since time immemorial, people have strived to amass wealth in an effort to guarantee as much safety for themselves as possible.Thing is though that once there’s no way to make money just by owning other people’s stuff and charging them to use it, there’s pretty much no motive to own more than you use yourself anymore, and so no reason to be a supermultibillionaire at all. — Pfhorrest
Of course there is such a reason: safety. Since time immemorial, people have strived to amass wealth in an effort to guarantee as much safety for themselves as possible. — baker
If you want to be prudent, you need to prepare for everything, including natural catastrophes and the collapse of economy. For this, billions are needed.That’s reason to accumulate savings enough to last you a lifetime, sure. But that is still far less that what billionaires accumulate. — Pfhorrest
If you want to be prudent, you need to prepare for everything, including natural catastrophes and the collapse of economy. For this, billions are needed. — baker
Unless one can achieve financial independence and intellectual autonomy, individuals will always be controlled (from without) resulting in the loss of essential freedoms (a great American tragedy). — synthesis
Hence having your own army is part of the billionaire's plan for ultimate safety.Billions would be of no use to you in the case of the collapse of the economy, would they? A gun and the skill to use it would reverse the acquisition of even a trillion dollars in heartbeat in the case of a collapsed system. — Isaac
I recall reading that when Obama stepped in to save the American automotive industry in the aftermath of the 2008 financial crisis, a faction within the Republican Party argued it would be better to let it collapse rather than save it through Government intervention.
Do you think the Republicans were right in saying that? — Wayfarer
False dilemma.How much socialism do you want? Who doesn't want to live in a country where you are free to live up to your potential?
Socialism is about lowering the bar far enough so everybody is miserable. — synthesis
All one needs to do to in order to live in a country where you are free to live up to your potential, is to reconceptualize "free" and "live up to your potential", so that the new concepts match one's reality, whatever that may be.Who doesn't want to live in a country where you are free to live up to your potential?
All one needs to do to in order to live in a country where you are free to live up to your potential, is to reconceptualize "free" and "live up to your potential", so that the new concepts match one's reality, whatever that may be. — baker
By golly, what are you complaining about then??! — baker
What 'system'? Laissez-faire capitalism? The 'invisible hand' of the market? Those who can't get by without assistance - leave them to die so 'the system' can return to 'normality'? — Wayfarer
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