Who's gonna pay for it? (Why those evil 1% hoarders!)

[Equilibrium]

this girl resets.. and restarts a rebuttal of ''but''
at 5:00 she breaks down gets to the root of why she is on TV.. doesnt answer the question.. and resets.

 

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[Nicko]

I really shouldn't post on these threads, but sometimes I can't help but tweak your guys' tails. So consider this. Technology keeps getting better and replacing more jobs, that is, a greater share of the work needed to provide goods and services is done by capital (machines, computers, robots) than traditional labor (humans). How does capitalism work when there's no jobs? If machines are creating all the wealth, should the benefits only accrue to whoever happens to be in control of capital at that moment (or whoever happens to be around at the end of a long process of technological improvement wrought by millions of people over hundreds of years), or can a case be made for things like (the horror!!!) a basic living wage? Are we really living thru a "crisis of lazyness" or is it simply that machines keep raising the bar well beyond the level where humans can compete unless they also control capital?

Yes. I believe there is a crisis of laziness. We have similar complaints & protests from uni students here that someone else should be paying for their education. They have no idea who or how, just as long as it's not them.

It's not just laziness though. It's a debilitating mix of laziness, entitlement and indoctrinated socialism, which is force fed to them by some of the entrenched, unionistic, dead wood teachers in schools and universities, who don't give a flying f__k about the students but are much more interested in protecting their tenure.

 

[SmoothFranko]

I really hate to caller her "stupid" or "dumb".

I think confused and frustrated is more appropriate.

But its just more evidence of my generation's huge entitlement mentality.

Now that they realize that they have been lied to their whole life, instead of taking responsibility, the only other option is to blame the external.

I think she is someone who has been coddled at home and in an education system that promises success to those who mindlessly adhere to their ideas.

The truth is that the solution to this problem is more personal responsibility, it sounds cliche, but its good for you, and its the best thing you can do for yourself, because it puts the power back into your hands instead of waiting for someone or something else to come to the rescue.

Admit it, you may be smart, but you fell for the lie that college is a path to success, you now realize that those cushy 50k a year jobs are nowhere to be found. The solution is not who to blame or punish but what are YOU gonna do about it to fix it. Take responsibility. Do something about it. This is the best solution and option. Its whats best for you. Use that effort to do something about it, not protest about how life is not fair and others are holding you back.

Tax was orignally only supposed to affec the wealthy that's why everyone brought in on it. All the peasants went F*ck THE RICH DUDE WITH ALL THE LAND YEAH TAX THE SHIT OUTTA HIM, then they included the middle class and finally the poor, but the lession is that everytime the tax went up the rich found ways to get around/lessen it.

 

[SmoothFranko]

Yes. I believe there is a crisis of laziness. We have similar complaints & protests from uni students here that someone else should be paying for their education. They have no idea who or how, just as long as it's not them.

It's not just laziness though. It's a debilitating mix of laziness, entitlement and indoctrinated socialism, which is force fed to them by some of the entrenched, unionistic, dead wood teachers in schools and universities, who don't give a flying f__k about the students but are much more interested in protecting their tenure.

It has been preached time and time again that "if you go to uni you will get a job" and despite that this used to be true it is no longer a 'guarantee' I don't remember MJ saying that he had a diploma of web design or marketing and yet people continually keep breaking the cycle that you NEED a diploma to be successful.

 

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[craig1928]

wow that video was fantastic, youtube comments and rating also went exactly as I expected.

 

[JustAskBenWhy]

Absolutely cringe-worthy.

I'll hold-back my other comments based on the fact that this is a young lady.

Haha - I posted this nonsense on FB and started a fire storm... kinda enjoyed it

 

[Ubermensch]

Wo


Wow what a great video, so going to post this on my Facebook! Time to clear out whinners anyways!

What's a "whinner"?

A whining winner?

 

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[JustAskBenWhy]

I have to say, though, that if she is the best the movement has to offer, this is the best argument yet as to why we need better college education

 

[JustAskBenWhy]

Clearly that girl was a lob ball thrown at a well prepared news anchor to hit a home run. By the news station owned and operated by 1%ers. There's 1000's of students that would walk all over that guy intellectually. I don't agree with the girls argument At all let's just make that clear! But my opinion is Fox news is a joke.

First - even if you are right about FOX, how is this different from MSNBC bringing on an idiot birther? They to us is what this chick is to the left, and that's best case comparison.

Secondly - before coming to FOX, Cavuto was an intern in Carter's WH, spent 15 years at PBS, and did time at NBC and CNBC. I seriously doubt that criticizing his intelligence is a winning tactic - just sayin'

Finally - this is a complex issue, and I don't necessarily agree with 100% of FOX perspective. Education costs are out of control outpacing inflation by a significant margin. There is no reason for why this should be. Not everyone can do what we do. Besides, we need highly educated un-entrepreneurial people to get the mechanics done for us!

 

[JustAskBenWhy]

Please, are you this dense?

Obviously you don't have the mental capacity to think clearly without your biases poisoning them. When presented with evidence or facts that cannot be retorted, you respond with an ad-hominem attack on the medium? How brilliant. If you can't refute the message or the evidence, then question the messenger? Not very original and about as intellectually amateur as you can get. This is the same method of response people have to my book -- they don't like the facts (math) of the message, so they attack me. In other words, you have no answer to the message itself and the best you can do is point at the messenger and say "You're ugly! You're a joke! You're fat!"

First, I've let this thread ride because I knew "fox news" would become a sideshow talking point eventually in this discussion. It shows just how blind people are to their preconceived biases and let their autonomic, knee-jerk heuristics run a muck in their heads. If FOX (or MSNBC) showed video evidence that your favorite politician was caught slaughtering puppies, the medium is irrelevant, but what is relevant is how you let the medium blind you to reality.

Second, this was not some random protester FOX cherry-picked from the picketers --- this was their organizer. If this was some random protester, then yea, I wouldn't have bothered posting this. This is THEIR BRILLIANT LEADER who by all appearances, has the intellectual horsepower of a goldfish.

Material evidence being that the FOX asked for a rep, and the group put her up as the mouthpiece. How the hell is it FOX's fault if the best they have is her. The message may be important, but if so, why not be better prepared..?!

 

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[SmoothFranko]

Material evidence being that the FOX asked for a rep, and the group put her up as the mouthpiece. How the hell is it FOX's fault if the best they have is her. The message may be important, but if so, why not be better prepared..?!

Because if she is the best they have to offer she doesn't sound like should could prepare herself a bag of microwave popcorn

 

[Guest3722A]

The part I don't quite get is seeing that her old man is a millionaire, didn't she say in the interview that her family was on taxpayer assistance? And, is her last name Mullen, or Millin?

This whole thing kinda reeks of special interest sarcasm to me...

 

[hellolin]

Hollow propaganda that can be debunked with little effort. Sorry, but passive income can't be conflated with income you have to work for... unless you're just trying to outright lie and deceive...

Wrong, it doesn't matter what I believe is true or not buddy, like you said, the future might not be too bright for those people who can't embrace the rapid automation and capitalism, what you already said in the thread has already been happening, and as people with the mind of fastlane, we should embrace the opportunity and finding ways to profit from it. Social justice on a large part is a made up concept, do I think there will be basic income in the future if current situation gets worse? It might, but that doesn't concern me since I respect the literal truth of what is actually happening out there, whether it seems fair to others or not. Will you be worrying about social justice and fairness when you running your own business and you need to keep a profit in order for it to be in business? I don't think so, and I don't see why a fastlaner should care so much.

 

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[Ecom man]

I am ashamed of the majority of people in my generation. They are all about taking from others to better their own life because they are too lazy to fix their life by themselves. There is always an excuse for why they can't do something. (The 1%, high cost of living, it won't work now etc.) They have never tried anything in their lives but they "know" it won't work because the world is against them. They won't take responsibility for their own decisions or the outcome of those decisions because it is a lot easier to blame the "wealth hoarders".

 

[GIlman]

This is our doing to. As entrepreneurs it is our responsibility to hire capable people regardless of paper degrees.

All to often smart and extremely capable people are denied access to play because they don't have the stamp of approval of somewhere U.

So when you are successful, accept anyone who can do the job, and pay people for what value the bring, not for the certificates they have hung on the wall.


Sent from my iPhone using Tapatalk

 

[Damage Inc.]

Technology keeps getting better and replacing more jobs, that is, a greater share of the work needed to provide goods and services is done by capital (machines, computers, robots) than traditional labor (humans).

The overall number of jobs (in America at least) has been increasing pretty steadily, and there are more jobs here today than before the tech boom (or any other time). And it's not like the unemployment rate is exponentially higher than ever before. Do you have any numbers to back up the claim that we are losing jobs to robots and sending all of the profits to the 1%ers rather than just shifting industries, or replacing manufacturing jobs with technology based jobs?

 

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[Sunscreen]

Thoughts on this? Pretty relevant to this thread.

 

[Nicko]

Thoughts on this? Pretty relevant to this thread.

I’m not convinced. If this forum has shown me any anything, it’s that people from all over the world with all sorts of economic backgrounds can take control of their own economic future.

There are guys here who have posted they lived on the streets or in cars but they have turned their life. Through a bit of easily accessible information, and a lot of action they control their own financial destiny, and I see that as hugely empowering.

The alternative POV is that the “haves” will always be the “haves” and the “have nots” will never get ahead unless money is taken away from someone else and given to them ??? It’s no wonder welfare in just about every modern society is spiralling out of control. If you encourage people to spend their lives as ‘victims’ of a ‘capitalist society’ then that’s all they will ever be.

Don’t get me wrong, I have no problem with my tax dollars helping people in genuine need (if you lost your job and you need support to take care of your family while you get back on your feet, or if you have a disability, then no problem), but in so many countries including my own, the victim / entitlement mentality has become a way of life for far too many people.

Give a man a fish . . . . . FFS.

 

[Sunscreen]

I’m not convinced. If this forum has shown me any anything, it’s that people from all over the world with all sorts of economic backgrounds can take control of their own economic future.

There are guys here who have posted they lived on the streets or in cars but they have turned their life. Through a bit of easily accessible information, and a lot of action they control their own financial destiny, and I see that as hugely empowering.

The alternative POV is that the “haves” will always be the “haves” and the “have nots” will never get ahead unless money is taken away from someone else and given to them ??? It’s no wonder welfare in just about every modern society is spiralling out of control. If you encourage people to spend their lives as ‘victims’ of a ‘capitalist society’ then that’s all they will ever be.

Don’t get me wrong, I have no problem with my tax dollars helping people in genuine need (if you lost your job and you need support to take care of your family while you get back on your feet, or if you have a disability, then no problem), but in so many countries including my own, the victim / entitlement mentality has become a way of life for far too many people.

Give a man a fish . . . . . FFS.

The video was more about the future than now. The main argument is essentially that with a rising wealth gap and more powerful technology the rich will have no need for the poor and essentially they won't even be rich any more as they will have no need for money. This is because they could potentially have robots that did every service for them making the exchange of money unnecessary. These services could even include making even more powerful robots to do anything they wanted and then everybody who isn't rich would have to accept that they would never be able to get rich as the robots could even be programmed to stop poor people from researching how to create similar robots which could oppose them as effective rulers. This is a simplification of the main argument of which this guy doesn't really go into detail about.

Just hoping to listen to other peoples thoughts on the argument before I develop my own opinion as there are people much smarter than I am here.

 

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[hellolin]

I’m not convinced. If this forum has shown me any anything, it’s that people from all over the world with all sorts of economic backgrounds can take control of their own economic future.

There are guys here who have posted they lived on the streets or in cars but they have turned their life. Through a bit of easily accessible information, and a lot of action they control their own financial destiny, and I see that as hugely empowering.

The alternative POV is that the “haves” will always be the “haves” and the “have nots” will never get ahead unless money is taken away from someone else and given to them ??? It’s no wonder welfare in just about every modern society is spiralling out of control. If you encourage people to spend their lives as ‘victims’ of a ‘capitalist society’ then that’s all they will ever be.

Don’t get me wrong, I have no problem with my tax dollars helping people in genuine need (if you lost your job and you need support to take care of your family while you get back on your feet, or if you have a disability, then no problem), but in so many countries including my own, the victim / entitlement mentality has become a way of life for far too many people.

Give a man a fish . . . . . FFS.

I have a thought that the conjuration of a victim society is the actual state that some people want, in order to keep people in their respective social ranking that they were born in. This sucks because a lot of my friends here in the US are poor working class people, they fully bought into this mentality and it's hard to convince them there is nothing wrong with the system, they only see the bad side of innovation and capitalism and fails to enjoy the fruits of modern society as a result of buying into this mentality fully.

 

[Bouncing Soul]

Had a conversation about this one with some friends. The reality is this is a Trillion dollar problem and no matter how much we all talk about personal responsibility*, there is a growing block of extremely desperate voters who will vote for anyone willing to offer them relief.

Some stats-

• Roughly half of people who start college never graduate
• Average wage in America is around $45,000/yr.
• At the extreme end, medical schools are touching $100,000/yr (leading to roughly $500k by the time they finish residency)

I have a young friend who worked in college, paid out of state tuition at a state school, and took an extra year to graduate as he couldn't get in to his first program choice. He's about $100,000 in debt. This is 3-4 years of after tax income. All of his income, not including living expenses, and also not including accumulating interest (which is probably around 7%). He is not an entitlement kid at all, but how can he not be influenced to vote for some sort of relief as his most important concern? His whole life is now controlled by this debt.

(* My wife and I buckled down and with extreme discipline paid off $1/4mil in student loans in 3 years. Been there and got the t-shirt)

 

[ilrein]

I know not everyone is the biggest fan of Ayn Rand, but isn't the correlation between entitlement and socialism so disgustingly apparent?

 

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[Bouncing Soul]

Hollow propaganda that can be debunked with little effort. Sorry, but passive income can't be conflated with income you have to work for... unless you're just trying to outright lie and deceive...

I know right, I mean, it's just not fair if people add more value and make more money, then add even more value to the world when instead of consuming for their immediate pleasure, they give their money to other people to use and get paid again.

Why are you on a site like this?

 

[mt_myke]

The main argument is essentially that with a rising wealth gap and more powerful technology the rich will have no need for the poor and essentially they won't even be rich any more as they will have no need for money. This is because they could potentially have robots that did every service for them making the exchange of money unnecessary.

At which point there's no reason for the 99% to exist at all and they can be eradicated.

 

[mt_myke]

Why are you on a site like this?

For the excellent content relating to the nuts-and-bolts of starting and running a business. I try hard to stay away from threads like this but sometimes the self-righteousness and sense of entitlement of this crowd is too much.

 

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[Bouncing Soul]

For the excellent content relating to the nuts-and-bolts of starting and running a business. I try hard to stay away from threads like this but sometimes the self-righteousness and sense of entitlement of this crowd is too much.

Entitlement...because we don't like being robbed by voters?

If you honestly believe what you wrote and I quoted the first time, you are going to have a hard time with Fastlane success.

 

[jon.a]

And I got reprimanded for posting an economics video.

 

[MJ DeMarco]

And I got reprimanded for posting an economics video

I wouldn't have called it a reprimand, but a reminder. Much like this thread on economics gets pulled into a political debate where some feel that they're being generous by mandating legal theft by way of threatening incarceration, and yet, I'm labeled a greedy hoarder simply because I want to keep the money I rightfully earned. Interesting time we live in.

Thread closed.

 

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