Drudge Retort: The Other Side of the News

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humtake

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Hilarious so many people who don't understand economics are spouting opinions as if they are relevant. This entire article is a war against investments. What it doesn't articulate, and something the average person who isn't rich doesn't understand, is that those investments aren't just sitting there. Those investments are being used to support the entire economy. If a billionaire like Elon has 1t invested in TSLA, that money isn't just sitting there. TSLA is using it to do all sorts of things, almost all of which are mechanics of our economy. Maybe they use part of that investment for R&D which allows them to vastly increase the viability of electric vehicles (didn't think about that, did you?), or maybe they use part of it to subsidize the costs of providing childcare to TSLA workers, etc.

It's no different than a bank. It's why Elon can't just decide to liquidate all $1t. Instead, TSLA would have to make him wait so they can liquidate other assets to pay him his money. It's because the money isn't just sitting there. It's moving. It's shaking. In fact, billionaire investments are a big portion of our economy. Without them, we would still be in 1980s economy and probably not be the world power anymore (China would have vastly surpassed us by now).

I'm not saying there isn't a better way to make those investments help non-rich people. In fact, I have an entire plan whereby we could use the profit they make from those investments (capital gains at time of sale, dividends, options/futures profit, etc.) and help the average person. But, of course, there is no way I can know all of the logistics of making it happen so it's just a thought...but something I wish I could shop around.

What many of you need to hear is this...yes, rich people make a lot for doing little. Yes, what they are taxes, while not disproportionate, impacts them far less than the average person. But, the saying "fight fire with fire" is not just cliche. The money is out there to be taken. There are many legit ways to improve your station just by using investments, even with nominal amounts. I've done it. It took a ---- of a lot of work and trial and error but I was able to do it and I come from section 8 housing when I was 19. I'm not rich but I actually have a date for retirement now, when just 20 years ago I was still clinging to the idea I was going to die in my office because I had nothing to retire on.

It's out there. You can either whine about it and try to fight the system, or you can join in. Dr. Dre has one of my favorite lines about this principle..."I'm eating steak while they struggle to break the slave mentality". Sure, you can play the victim and that will get you so far. Or, you can change your mentality and reap the benefits. You can never know until you try.

"A "criminal" means someone that has been convicted of a crime in a court of law."

Actually, the legal definition I see is "A criminal is someone who has violated the law, either through an act or omission, and is subject to legal prosecution." But, we all know definitions vary based on where you find it so I wouldn't bet on any of them.

"Republicans have held these attitudes towards the poor since Nixon."

The fact liberals have such a hard time using good logic is astounding. When multiple liberal states have had liberal politicians create laws that disadvantage the homeless, basically moving them around like rats, your argument is invalid. Liberal states have actually created harsher laws than Con states when it comes to the poor, look it up. It's because the rich liberals in those states do everything they can to ensure homeless NIMBY away from their location. Sure, Reps aren't innocent because their laws are basically to just remove the homeless to somewhere else, which is also a nonsolution. But your illogical description of Reps for not liking homeless has no basis in reality and it never has. If you believe otherwise, then you have to accept that your argument also applies to liberals beyond any contestation.

"I'd like to ask BOAZ; why all the animosity toward immigrants when we all know we are descndents of immigrants?"

Fair enough and I'll give a rebuttal (not sure if Boaz already has). Now let me ask you, how come when people started asking liberals to take in illegal immigrants to get rid of the stress on the government they balked and came up with all kinds of reasons? Using your logic, one could easily also incorrectly then ask you why all the animosity toward immigrants. How come when illegals get shipped to liberal playgrounds like Martha's then liberals get mad about it and whine and cry? How come this happens in multiple "sanctuary" locations. And you can't say it's because they weren't prepared...because then you are parroting Reps entire issue with illegal immigrants in the first place.

It truly only takes a tiny amount of thought to not be a hypocrite. It takes a little more effort to be objective. But I promise you that doing both will make your life so much more fulfilling and allow you to understand all sides to a problem and stop thinking your narrative is the only right one.

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