@wildgrass saidWe are told that Mamdani is also very smart. In your last paragraph above, you use the phrase.” creating anything for anyone.”.
The finance industry pulls all the top talent in America, mostly because they offer the highest salaries and benefits. What do they do, actually?
[quote]... stock markets are dominated by hedge funds that let mathematical formulas dictate what they should buy and sell, often relying on higher-speed fiber-optic cables — or, even better, microwaves — and continual spamming o ...[text shortened]... for anyone?
https://www.nytimes.com/2026/02/06/opinion/capitalism-industry-financialization.html
If I get you right, you think that it would be appropriate that some people create things for other people, which is of course socialism maybe communism
Well, Mamdani is on a mission to do just that. So he IS pushing money to indeed create things for citizens in NYC.
So be cool, it is already happening.
@wildgrass saidRajk and I see your colors!!!
Did you even read the article?
If you are not a socialist, you sure do reflect with your comments that you are.
@AverageJoe1 saidYou hit on the fundamental problem. How does one amass wealth without creating anything for anyone?
We are told that Mamdani is also very smart. In your last paragraph above, you use the phrase.” creating anything for anyone.”.
If I get you right, you think that it would be appropriate that some people create things for other people, which is of course socialism maybe communism
Well, Mamdani is on a mission to do just that. So he IS pushing money to indeed create things for citizens in NYC.
So be cool, it is already happening.
The only answer is: it is a grift. They're stealing it.
@Rajk999 saidI'd be happy if these people would post their own thoughts, and not reams of stuff that people like me have no time to read, and are not interested in the thoughts/links of others. How bout they read the things, and then post a synposis with their opinions of the 'article'.
You have a comment on the opening post? Or are you only able to muster a personal attack.
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@wildgrass saidYou silly socialist goose. Maruader has been tryin to mess with me today, too.
You hit on the fundamental problem. How does one amass wealth without creating anything for anyone?
The only answer is: it is a grift. They're stealing it.
Of course, a person generally cannot amass wealth without creating value for someone, even if it is indirect. Wealth innately usually comes from providing goods or services. The ones that profit (you say grift) more than others have invested capital that helps their business growth, or, have taken risk that others won't. Even investors like myself who don't build things themselves create value by funding the innovation, the jobs and economic expansion.
Curious, let's say that 10 years from now you and AOC and Bernie have all prevailed and we are a socialist country. I am watching the Olympics right now and a lot of citizens, (not the participants) spent a lot of money to go over to Italy and cheer on our warriors. As everyone will basically be on the same playing field and have the same money on income, how will any of them, or all of them for that matter, be able to go to Italy for the Olympics. Up to now the people that can afford it go, but people that cannot afford it cannot go, so how would it be then?
@wildgrass saidAccording to the Fed, the top 10% hold about 2/3 of the wealth in the US, with the top 1% having about a third. https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/
The finance industry pulls all the top talent in America, mostly because they offer the highest salaries and benefits. What do they do, actually?
[quote]... stock markets are dominated by hedge funds that let mathematical formulas dictate what they should buy and sell, often relying on higher-speed fiber-optic cables — or, even better, microwaves — and continual spamming o ...[text shortened]... for anyone?
https://www.nytimes.com/2026/02/06/opinion/capitalism-industry-financialization.html
Given that, it's hardly surprising that the best compensated jobs for the rest center on increasing the wealth of the relative few rather than on any concept of worth to society. A person working at a hedge fund that services the wealthy is going to paid far more than a schoolteacher (who may very well be at least as well-educated and doing a far more important job).
AJ laughably thinks that the main determinant of who has wealth is how hard someone works. The thinking of a child.
@wildgrass saidThere is no word 'socialism', but lots of implied government control, less of the free market fluctuating according to supply and demand, and many suggestions for additional taxes on financial transaction.it mostly looks like socialism...
Do you have an example? The article was written by a well known conservative economist. There's no socialism anywhere in the article, from what I can tell.
All of this is really government control, and tending toward socialism.
@wildgrass saidHow does one consume resources without working for it or without producing anything?
You hit on the fundamental problem. How does one amass wealth without creating anything for anyone?
The only answer is: it is a grift. They're stealing it.
@Rajk999 saidIf you are equating "socialism" with "laws against grifting" then I guess I'm a socialist.
There is no word 'socialism', but lots of implied government control, less of the free market fluctuating according to supply and demand, and many suggestions for additional taxes on financial transaction.
All of this is really government control, and tending toward socialism.
But laws are not fundamentally socialist, unless you're a psychopath anarchist.
@wildgrass saidHere is a giant grift. About 20% of the US budget is for welfare, aka money received for no work done... money stolen. This totals around $1,800,000,000,000.
Uhhh, yeah. That's the point. The only explanations are that they steal it. A giant grift.
One point Eight Trillion. The US needs to put laws in place to stop that.
@no1marauder saidWell, a child such as yourself will post half-truths.
According to the Fed, the top 10% hold about 2/3 of the wealth in the US, with the top 1% having about a third. https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/
Given that, it's hardly surprising that the best compensated jobs for the rest center on increasing the wealth of the relative few rather than on any concept of worth to society. A perso ...[text shortened]... inks that the main determinant of who has wealth is how hard someone works. The thinking of a child.
You omit the following, ( I write this not to you, but to your minions, that they will know)......
Roughly half or more of all private sector jobs are ultimately created, funded, or owned by business owners, investors, and entrepreneurs---- who are heavenly concentrated in the top 10%. I looked it up!
You know nothing of business, obviously, but half of all private sector workers are employed by small businesses. That alone is 60 million workers in the United States. These businesses are overwhelmingly owned by entrepreneurs investors and high net worth individuals. This means a small ownership class who are in the high wealth brackets support tens of millions of jobs.
Why do you post junk like this,,,,you are saying 'let's get rid of the rich, let's get their money, they should not be allowed to be rich!!!!"
My friend, YOU think like the child.
Another way to look at this......follow me here .....HALF OF THE JOBS are provided by 10% of our citizens (those dam rich)
@AverageJoe1
I just have to ask........the posts of ALL of you liberals suggest that the increased wealth of the rich be bridled, be restrricted in some fashion, redistributed ,whatever.........
The American principle is built on the principle that rights belong to the individual, not income groups. The law regulates behavoir , not wealth itself, Yet, you want to regulate wealth.
To restrict freedom based on wealth would indeed raise constitutional concerns.
I think tht maybe you and your friends be 'restricted', to get the hell out of everyone's way, so that we and Trump can MAGA.
Watch how he flips this tariff thing around. He is extremely smart. He will prevail...........and then, you and I will br on the coatails. You know that, but your schtick is to be contrarian for some really weird reason.
@AverageJoe1 saidThe idea that half the People wouldn't have any work except for the rich is childish.
Well, a child such as yourself will post half-truths.
You omit the following, ( I write this not to you, but to your minions, that they will know)......
Roughly half or more of all private sector jobs are ultimately created, funded, or owned by business owners, investors, and entrepreneurs---- who are heavenly concentrated in the top 10%. I looked it up! ...[text shortened]... this......follow me here .....HALF OF THE JOBS are provided by 10% of our citizens (those dam rich)