81–90 of 125 posts
Earlier quoted context omitted.
[deleted]
The idea that loans can never be paid back is a myth. I can lend someone money, and have it paid back with interest without more loans being necessary or more money being created.
Earlier quoted context omitted.
> Nobody adds a billion of wealth creation, not even Gates. A billion dollars is not very much. There are ~150M Americans working in the US, if something helps every one of them make $7, then over a billion dollars has been created. Microsoft has enabled practically every person in a developed nation to do their job more efficiently. This is worth far, far more than a billion dollars.
MS is worth a lot and yes they have helped productivity. Did Gates do that or did he do it with the help of many people before him inventing all sorts and many workers adding software. Were the workers compensated sufficiently for the value they added? Did MS use a pseudo monopoly using the legal system to capture more value than they actually added? Gates did a lot but he stood on the shoulders of giants, seemed to…
Earlier quoted context omitted.
> Nobody adds a billion of wealth creation, not even Gates. A billion dollars is not very much. There are ~150M Americans working in the US, if something helps every one of them make $7, then over a billion dollars has been created. Microsoft has enabled practically every person in a developed nation to do their job more efficiently. This is worth far, far more than a billion dollars.
MS is worth a lot and yes they have helped productivity. Did Gates do that or did he do it with the help of many people before him inventing all sorts and many workers adding software. Were the workers compensated sufficiently for the value they added? Did MS use a pseudo monopoly using the legal system to capture more value than they actually added? Gates did a lot but he stood on the shoulders of giants, seemed to…
I understand and appreciate you sentiment. You're right, it wasn't entirely due to him, it was a collaboration between hundreds of people. But, if he left during the very early years, it's an almost certainty that MS would not have achieved its success and influence.
Earlier quoted context omitted.
[deleted]
Also see social credit theory for the idea that the value of goods produced by workers is always less than their wages: http://www.socred.org/ Plus banks have a monopoly on money creation and can create it with zero cost, ramping up land prices and soaking up all productivity gains into land. All the rentier need do is kick back and wait for the state to add value so they can charge more rent. Henry George knew it bu…
Earlier quoted context omitted.
I agree with not agreeing with his debt-based asset-building approach. But you can still follow the same path in a tech way, such as selling your own product online. As you work on it, if it's producing income, that can begin to be an asset for you.
Sure, that I have no problem with. Go forth and create wealth. Do not take land monopoly in a flawed system and force others to give you their labour.
How I hate people like this. "Building assets and letting them work for you". For this you can read: "be the footsoldier for the banks who have a monopoly on money creation. Ask the bank to create money for you then use this to join the land monopolists. Then let those stupid little people who are actually creating wealth rent it back from you. This way you get a stream of their labour." For assets read "property". P…
Debt is a lever, in itself it's neither good nor bad. If I have a $10m net worth, I might want to lend someone $1m for a year on which they will pay me 5% interest per year. If that person can turn that million into one and a half million, what's the problem?
Earlier quoted context omitted.
I agree with not agreeing with his debt-based asset-building approach. But you can still follow the same path in a tech way, such as selling your own product online. As you work on it, if it's producing income, that can begin to be an asset for you.
Sure, that I have no problem with. Go forth and create wealth. Do not take land monopoly in a flawed system and force others to give you their labour.
Earlier quoted context omitted.
MS is worth a lot and yes they have helped productivity. Did Gates do that or did he do it with the help of many people before him inventing all sorts and many workers adding software. Were the workers compensated sufficiently for the value they added? Did MS use a pseudo monopoly using the legal system to capture more value than they actually added? Gates did a lot but he stood on the shoulders of giants, seemed to…
Managing people is a critical component to a successful business. While he did get his hands dirty a lot during the early years, you can't take away from him credit just because he commanded others to do the labor. I understand and appreciate you sentiment. You're right, it wasn't entirely due to him, it was a collaboration between hundreds of people. But, if he left during the very early years, it's an almost certai…
Earlier quoted context omitted.
While it is a two-way street (both parties "agree"), what I'm saying is that in an honest, straightforward arrangement people should not be contractually obligated to run in the rat race their whole lives trying to pay off a debt that by design can never be paid off. So yes, a zero sum game sounds quite logical.
Now you're talking about "consumer" debt. i.e. debt to buy a car / house / student debt / etc. That's bad debt. If it's not intended to be used for investment, I would personally never use debt.
That is land enclosure.
Earlier quoted context omitted.
I don't get it - you're not causing the foreclosure, so why feel guilty about it?
Morality aside, it's not a book that would teach you how to found a new Google, rather how to exploit social structures in place assuming most people would keep their way of thinking/doing. Exaggerating, it's like when you identify how an ideal member of a religion would behave (because of archetype and social conformity pressure put on them), and then exploit what they aren't allowed to do. Imagine though if every s…
We all need to seize good opportunities we get, but we also need to focus on creating wealth. Something that can benefit society as a whole.
The quintessential example of this is a guy like Dean Kamen, working on the Slingshot clean-water project. I hope he gets rich from that... because he'll have done it saving millions of lives per year.