Post
Topic
Board Economics
Re: A tale of the two parasites
by
Gyfts
on 21/10/2021, 04:56:28 UTC
About the rich, they do add value sort off during their investment in the country that adds to the GDP and increase per income to their employees. The employees are made responsible to their families as they paid and they take care of their children, send them to school, feed and provide shelter.

The rich also add value because of different types of taxes levied against them and their businesses. The monies being generated from that are used to provide social amenities to the people.

Likewise not all the poor are parasites. Some poor have good knowledge to be better but may lack capital to do something with their knowledge. The poor are employed in government and they develop good policy to the government, they are very dedicated to work for progress to the area of life they find themselves.

No, the "rich" parasite does not add any value by paying others. He is not creating anything for anyone. You do not understand the difference between money and value.

Please, read a bit more carefully and see if I say that all poor are parasites in any part of my post.

The rich is paying some one else, that is creating a job. How can you say that isn't creating something?

Unless you are advocating for a social welfare state, how else do you expect creation of economic activity? Private market has all the capital, and so the rich are only as parasitic to the extent the average working person allows them to be beholden to their grip. In any socialist society, where there is no "rich," there is no economic activity, and the end of the tale usually entails a lot of suffering. Private market full of rich people includes a market of workers that are free to take their labor where they want.

Though, the far reaching plutocratic societies truly have parasitic rich people. And by plutocratic, I do not mean extreme capitalism, there is a nuanced difference.