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Limits on personal wealth?
Posted: 16 November 2011 10:02 PM   [ Ignore ]
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Should there be limits on personal wealth? I question if it is wise to allow private individuals in our society to amass huge quantities of wealth. I believe that this puts too much power in the hands of people who do not deserve it.

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Posted: 16 November 2011 10:54 PM   [ Ignore ]   [ # 1 ]
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Should there be limits on personal wealth?

The only limits should be personally imposed limits. People should, of course, try to limit their own greed. Some folks use their hard earned wisely and others just seem self absorbed but freedom is a cool thing.

Feel free to contact me if ever you need to offload some of yours.

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Posted: 16 November 2011 11:15 PM   [ Ignore ]   [ # 2 ]
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On the other hand, some people may well deserve it, and know how to use it productively.

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Posted: 17 November 2011 06:21 AM   [ Ignore ]   [ # 3 ]
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burt - 16 November 2011 11:15 PM

On the other hand, some people may well deserve it, and know how to use it productively.


Would philanthropy still be counted as “personal” wealth though?

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Posted: 17 November 2011 07:15 AM   [ Ignore ]   [ # 4 ]
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Cole! - 16 November 2011 10:02 PM

Should there be limits on personal wealth? I question if it is wise to allow private individuals in our society to amass huge quantities of wealth. I believe that this puts too much power in the hands of people who do not deserve it.

And just who or what determines they “do not deserve it?”  And who or what determines “limits on personal wealth?”  In both cases, that amounts to some other people who then manage to accrue a good chunk of that wealth they’ve removed from others.

Ah!  I know.  Committee of the “people,” always a favorite authority with which to claim justification for imposing restrictions onto others, who somehow aren’t included in “the people.”  It seems to turn out that “the people” includes only those who agree with that imposition onto someone else.

[ Edited: 17 November 2011 07:27 AM by Dennis Campbell ]
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Posted: 17 November 2011 09:21 AM   [ Ignore ]   [ # 5 ]
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“You should never have any more stuff than you can get into a VW bus in fifteen minutes.”—Uncle Bubba

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Posted: 17 November 2011 12:02 PM   [ Ignore ]   [ # 6 ]
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“Don’t let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner”

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Posted: 17 November 2011 12:09 PM   [ Ignore ]   [ # 7 ]
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I believe in laws to protect a baseline safety net. Beyond that, make your fortune. Not my business.

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Deepak, could we just dial it down?

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Posted: 17 November 2011 12:41 PM   [ Ignore ]   [ # 8 ]
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No limits. Besides, all that money is invested somewhere, and creates jobs. The wealthy are better at investing in the right things. That’s how they got so wealthy - they are smarter. Then, we tax the income at a fair rate.  No problem. I’d rather Warren Buffett have the bulk of the money than John Boehmer or Nancy Pelosi.

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Posted: 17 November 2011 12:44 PM   [ Ignore ]   [ # 9 ]
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Ecurb Noselrub - 17 November 2011 12:41 PM

No limits. Besides, all that money is invested somewhere, and creates jobs. The wealthy are better at investing in the right things. That’s how they got so wealthy - they are smarter. Then, we tax the income at a fair rate.  No problem. I’d rather Warren Buffett have the bulk of the money than John Boehmer or Nancy Pelosi.

Heard yesterday that 5% of the population creates 40% of the retail trade.  Somehow reduce by some means the wealth of that 5%, what impact will that have on that 40%?

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Posted: 17 November 2011 12:51 PM   [ Ignore ]   [ # 10 ]
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If “we the people” are serious about establishing justice, insuring domestic tranquility, providing for the common defense, promoting the general welfare, and securing the blessings of liberty to ourselves and our posterity, then I do tend to think that there should be limits on personal wealth until those goals are achieved. That said, I would have no idea how to go about doing something like that, and, rationally, do not believe that it’s a viable solution, merely the ethical one.

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Posted: 17 November 2011 01:07 PM   [ Ignore ]   [ # 11 ]
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stardust91977 - 17 November 2011 12:51 PM

If “we the people” are serious about establishing justice, insuring domestic tranquility, providing for the common defense, promoting the general welfare, and securing the blessings of liberty to ourselves and our posterity, then I do tend to think that there should be limits on personal wealth until those goals are achieved. That said, I would have no idea how to go about doing something like that, and, rationally, do not believe that it’s a viable solution, merely the ethical one.

If it is not viable, then ethicality makes no sense.

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There is my truth.  There is your truth.  There is the real truth.  Neither of us can claim that third. Maybe if we talk, we’ll both get closer.

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Posted: 17 November 2011 01:15 PM   [ Ignore ]   [ # 12 ]
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Andrew - 17 November 2011 09:21 AM

“You should never have any more stuff than you can get into a VW bus in fifteen minutes.”—Uncle Bubba

That is how I have lived most of my life, or at least the stuff that mattered would still fit in there… confused

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Posted: 17 November 2011 01:21 PM   [ Ignore ]   [ # 13 ]
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Dennis Campbell - 17 November 2011 01:07 PM
stardust91977 - 17 November 2011 12:51 PM

If “we the people” are serious about establishing justice, insuring domestic tranquility, providing for the common defense, promoting the general welfare, and securing the blessings of liberty to ourselves and our posterity, then I do tend to think that there should be limits on personal wealth until those goals are achieved. That said, I would have no idea how to go about doing something like that, and, rationally, do not believe that it’s a viable solution, merely the ethical one.

If it is not viable, then ethicality makes no sense.

Ok, viable was not the best choice of words. Achievable is what I should have said.

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Posted: 17 November 2011 01:22 PM   [ Ignore ]   [ # 14 ]
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Cole! - 16 November 2011 10:02 PM

Should there be limits on personal wealth? I question if it is wise to allow private individuals in our society to amass huge quantities of wealth. I believe that this puts too much power in the hands of people who do not deserve it.

That’d be great, until Harrison Bergeron comes along and farks the whole system.

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Posted: 17 November 2011 01:33 PM   [ Ignore ]   [ # 15 ]
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stardust91977 - 17 November 2011 01:21 PM
Dennis Campbell - 17 November 2011 01:07 PM
stardust91977 - 17 November 2011 12:51 PM

If “we the people” are serious about establishing justice, insuring domestic tranquility, providing for the common defense, promoting the general welfare, and securing the blessings of liberty to ourselves and our posterity, then I do tend to think that there should be limits on personal wealth until those goals are achieved. That said, I would have no idea how to go about doing something like that, and, rationally, do not believe that it’s a viable solution, merely the ethical one.

If it is not viable, then ethicality makes no sense.

Ok, viable was not the best choice of words. Achievable is what I should have said.

If it not achievable, then ethicality makes no sense.

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There is my truth.  There is your truth.  There is the real truth.  Neither of us can claim that third. Maybe if we talk, we’ll both get closer.

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